ICHI Weekly Review — Week 23 (May 31 — June 6, 2021)

Recent News and Announcements

  • ICHI V2 announced — Decentralized Monetary Authority
  • ICHI oneToken advancements and partnership proposals

Upcoming Activities

Highlights: Metrics Table (Table 1)

  • Rows 1, 2, 4: oneTokens minted, collateral, and liquidity up over 40 bps
  • Row 8, 10: VBTC Community makes payment to xICHI increasing ratio to 1.1192
  • Row 11: TVL increase of 400 bps
Table 1: ICHI weekly and monthly metrics for April 23 — June 6, 2021

Highlights: Pool Liquidity and Reward Allocation (Table 2)

  • Row 12: 1INCH-ICHI Pool weekly liquidity increase of 42%
  • Row 14: Bancor Pool weekly liquidity increase of 5%
  • Row 18: ICHI Liquidity Locked increased by 910 bps

Important: Please see 6/9/21 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 22 and 23

*1inch contract details on ICHI guaranteed reward schedule

**Loopring contract details on ICHI guaranteed reward schedule

Partnership and oneToken Proposals across Crypto Communities

Introduction to ICHI <> IDLE Collaboration

Add xICHI to the Wing Flash Pool (Ethereum)

Introduction to ICHI <> MPH Collaboration — $oneMPH stablecoin

Use ICHI platform to launch $onePOOL stablecoin

Bancor: 350k Co-investment / 1% Trading Fee on ICHI Pool / $oneBNT

ICHI V2 Coming Soon

Over the last few months the ICHI core team has been working on the deployment of ICHI V2 which will enable more crypto communities to create a Decentralized Monetary Authority (DMA). To learn more about the rollout and what is planned to come check out the Medium Article.

Coming up this week (June 7–13)

  • June 9th, 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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