ICHI Weekly Review — Week 21 (May 17–23, 2021)

Recent News and Announcements

Amid deep crypto market declines and flash crashes, all oneTokens hold their peg

Upcoming Activities

  • Smart ICHI-ETH (Balancer) Pool planned to be deprecated
  • ICHI Community: Discussion on migration plan from Uniswap v2 to Uniswap v3

Highlights: Metrics Table (Table 1)

  • Rows 6 & 7: Growth in outstanding xICHI tokens
  • Row 10: May payments to xICHI hit All Time High
Table 1: ICHI weekly and monthly metrics for April 11 — May 23, 2021

Highlights: Pool Liquidity and Reward Allocation (Table 2)

  • Decline in most metrics due to market dip
  • Smart ICHI-ETH (Balancer) Pool planned to be deprecated

Important: Please see 5/26/21 ICHI per block column in table 1 for this week’s changes to ICHI reward allocations.

Table 2: Pool Liquidity and Reward Allocation for Week 20 and 21

*1inch contract details on ICHI guaranteed reward schedule

**Loopring contract details on ICHI guaranteed reward schedule

oneTokens Hold Peg

Over the last week, we have seen the crypto market hit with a largely downward spiral. Whether this is a correction, investor uncertainty, or something else is yet to be understood. Throughout the last few days we have been monitoring stablecoins throughout the crypto market to see how well these currencies hold their peg in a bearish market. As we predicted, while many other stablecoins began to see volatility in their value, ICHI’s oneToken design proved to be able to allow community oneTokens to maintain their $1 peg while ensuring over-collateralized reserves.

Coming up this week (May 24–30)

  • May 26th, 2021 — Reward adjustments go into effect

To learn more about ICHI and get involved in the community check out the links below

Website | Medium | Twitter | Telegram | Discord | FAQ

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Core team @ ICHI (ichi.org)

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Daniel Tal

Daniel Tal

Core team @ ICHI (ichi.org)

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