Branded Dollars
ICHI has supported the creation of branded dollars for leading cryptocurrency communities.
one1INCH
A stablecoin for better payments, incentives, and rewards in DeFi
oneFIL
A stablecoin for decentralized file storage
oneFUSE
More stability for day-to-day crypto mobile payments
oneMPH
A stablecoin deployed for the 88mph community
onePERL
A Stable Governance Token Built for Planet Earth
oneUNI
A token to stabilize the DeFi world
oneWING
Borrow and lend on wing.finance
oneFIL can be used as a stable medium of exchange for the Filecoin community. The Filecoin community is powering web3 with decentralized storage, and Ethereum DeFi serves as the financial system for this emerging industry. oneFIL provides a stable way for providers and consumers to exchange web3 storage services while also opening up a new yield generation for FIL and renFIL holders.Corbin Page, Head of Product at ConsenSys Codefi
Until ICHI, stablecoin farming has had a parasitic effect on lending platforms like Wing, allowing leveraged stablecoin holders to yield farm most of the rewards with little risk. ICHI has disrupted this process, benefiting everyone in the community by creating a stablecoin that locks up more WING the more that it is minted. ICHI aligns the interests and incentives between WING farmers, lenders, borrowers, and holders.Erick Pinos, Advisor at Wing
The one1INCH stablecoin can grow into an economic game changer. At scale, its treasury can drive value back to 1inch DeFi operations because it is minted and over-collateralized with 1INCH tokens.Sergej Kunz, Co-founder of 1inch Network
oneFIL can be used as a stable medium of exchange for the Filecoin community. The Filecoin community is powering web3 with decentralized storage, and Ethereum DeFi serves as the financial system for this emerging industry. oneFIL provides a stable way for providers and consumers to exchange web3 storage services while also opening up a new yield generation for FIL and renFIL holders.Corbin Page, Head of Product at ConsenSys Codefi
The Decentralized Monetary Authority Model
Decentralized Monetary Authorities allow any community to mint a stablecoin with their favorite cryptocurrency. Tokens are always redeemable for $1, and create a community treasury to stimulate rewards
1
You pay exactly $1 of value in two parts to mint any oneToken (an ICHI stablecoin).
2
oneBTC is used in this example. It is worth 1 USD. It is minted with USDC and wBTC
3
The wBTC share increases as the BTC treasury grows in size.
4
The USDC is deposited to the oneBTC Vault, controlled by the oneBTC smart contract.
5
The wBTC is also deposited to the oneBTC Vault, governed by oneBTC holders.
6
Exchange wBTC for more USDC. (Rebalance)
7
Invest wBTC in DeFi (Decentralized Finance).
8
Spend wBTC on discounts and yield to grow adoption.
9
Minting and Redemption Fees stay in Collateral.
10
You get exactly $1 of USDC when you redeem a oneBTC.
Partners
Organizations supporting the ICHI community
1inch
Providing liquidity rewards
Balancer
Providing liquidity rewards
Loopring
Providing liquidity rewards
Moonbeam
Providing grant funding
Solana
Providing launch support
Sushiswap
Providing liquidity rewards
Quantstamp
Audited oneToken Factory
Certik
Audited Farming Contract
Solidified
Audited oneToken Factory
Goldin
Community PR Firm
Accomplice Blockchain
Ecosystem and liquidity
Collider Ventures
Ecosystem and liquidity
First Mile Ventures
Ecosystem and liquidity
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