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ICHI

ICHI  

#ICHI

ICHI Price:
$5.43
Volume:
$22.7 K
All Time High:
$170
Market Cap:
$27.1 M


Circulating Supply:
5,000,000
Exchanges:
4+
Total Supply:
5,000,000
Markets:
4+
Max Supply:
5,000,000
Pairs:
5



  ICHI PRICE


The price of #ICHI today is $5.43 USD.

The lowest ICHI price for this period was $0, the highest was $5.43, and the current live price for one ICHI coin is $5.42619.

The all-time high ICHI coin price was $170.

Use our custom price calculator to see the hypothetical price of ICHI with market cap of BTC or other crypto coins.


  ICHI OVERVIEW


The code for ICHI crypto currency is also #ICHI.

ICHI is 1.9 years old.


  ICHI MARKET CAP


The current market capitalization for ICHI is $27,130,937.

ICHI is ranked #397 out of all coins, by market cap (and other factors).


  ICHI VOLUME


There is a modest daily trading volume on #ICHI.

Today's 24-hour trading volume across all exchanges for ICHI is $22,738.


  ICHI SUPPLY


The circulating supply of ICHI is 5,000,000 coins, which is 100% of the maximum coin supply.

A highlight of ICHI is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.


  ICHI BLOCKCHAIN


ICHI is a token on the Ethereum blockchain, and has digital contracts with 1 other blockchain.

See list of the ICHI Blockchain contracts with 2 different blockchains.


  ICHI EXCHANGES


ICHI is available on several crypto currency exchanges.

View #ICHI trading pairs and crypto exchanges that currently support #ICHI purchase.


  ICHI RESOURCES


Websiteichi.farm/#/swap
Twitterichifarm
Telegramichifarm
Mediumichifarm


  ICHI DEVELOPER NEWS



ICHI: Stronger Crypto Economies Through Sustainable Liquidity

ICHI Vaults enable crypto projects to provide necessary liquidity without selling tokens. — TL;DR - Market making requires projects to sell their native tokens in exchange for liquidity., ICHI Vaults (Angel + HODL) are used to provide liquidity without selling tokens., ICHI is launching several Vaults this week (9 for ICHI, 1 for partner projects)., There is an $ICHI options incentive for institutional ICHI Angel Vault deposits., There are over 18,000 cryptocurrencies in 2022. This is a dramatic increase compared to 2013, when there were just 66. This explosion in tokens is easily explained: most cryptocurrencies only exist to be bought and sold. Existing liquidity programs work well for these projects because they give the project developers a way to sell their tokens so others can buy them. But when tokens are sold through traditional liquidity programs, value is removed from the community. This loss of value hurts both users and the projects that are truly building the future of finance and Web3. Supportive liquidity programs that don’t drain value from the community are needed for the projects built to do more than just sell their token. This is where ICHI comes in. ICHI Vaults provide the best crypto projects with necessary liquidity without having to sell their tokens. ICHI provides the infrastructure crypto projects need to build sustainable use cases in a decentralized world. ICHI enables communities to create liquidity programs that drive value back to those who rely on them. This unlocks the creativity and promise of DeFi. It will allow DeFi to reach the mainstream with intuitive and secure applications that any consumer can use to buy dinner, invest for their retirement, take out a mortgage and receive better incentives and interest rates than are currently possible. — ICHI Vaults provide a new type of liquidity that keeps value locked in crypto projects. - ICHI’s Angel Vaults actively manage single-sided stablecoin liquidity deposits on Uniswap V3. The Vaults use stablecoin deposits from users to accumulate a project’s scarce token from the market’s trading activity and place them for sale in a take-profit order. This market-making strategy returns wealth to the community, keeps value locked in the project, and creates buy-side support of the community’s native token. ICHI’s HODL Vaults are a Uniswap v3 liquidity management protocol that allows projects to create single-sided liquidity pools with their native tokens and $ICHI. Projects and DeFi users can deposit a crypto asset and earn more of their deposited asset as the pool generates trading fees and the price of $ICHI increases. Price ranges in ICHI Vaults are actively managed so users do not need to take additional actions to maximize rewards. The newest ICHI Vaults launch today with several innovations that make them even more rewarding for depositors: Higher income for depositors: Due to concentrated liquidity on Uniswap V3, ICHI Vault positions earn more in trading fees., Impermanent loss mitigation: By only depositing stablecoins that support the price of the scarce token, users have better protection against impermanent loss., Fungible LP tokens: Unlike Uniswap V3, which provides depositors with non-fungible tokens representing their specific liquidity position, ICHI Vault positions are represented by fungible tokens, meaning they can easily be swapped, traded, and used in other DeFi protocols., Reward Boosts: For the first six months of newly launched vaults, $ICHI rewards will be paid when a vault’s internal rate of return (IRR) since inception is beneath the following monthly thresholds.*, Table 1: IRR Targets by Month for New Vaults * Capped at 10K ICHI per week Deposit Protection: Reducing the likelihood of stablecoins deposited into Vaults being converted to the scarce community token in moments of volatility to protect depositors from losses., — ICHI support from Institutional Partners - Institutional Option Pool: The ICHI Foundation will provide up to 250,000 options to buy ICHI between $10-$20 for institutional partners willing to deposit and hold liquidity for 3–6 months in Angel and HODL Vaults supporting ICHI. Any $ICHI purchased by executing options will unlock over 3–4 years., If you are an investor interested in participating in the new Vaults in exchange for similar options, please contact core@ichi.org., — Upgraded $ICHI token - With the launch of new ICHI Vaults today, we are also announcing the upgraded $ICHI token that the community voted overwhelmingly in favor of a few months ago. Upgraded $ICHI provides the best model to continue serving crypto projects and growing the ICHI ecosystem. The upgraded $ICHI token, which is being implemented following the tokenomics approved by the community last year, will enable us to meet the demands of hundreds of crypto projects across blockchains. To swap legacy $ICHI for upgraded $ICHI in a 1–1 swap, visit app.ichi.org and click the blue ICHI button at the top to select “Upgrade ICHI.” There is no deadline for when this swap needs to occur as Legacy ICHI and ICHI prices are pegged to one another. Therefore, you can swap at any time. — New Partner Angel Vaults - Over the next few weeks, ICHI will continue to release new partner Angel and HODL Vaults. We and our partners are doubling down on the ICHI technology and putting it to work to create healthy liquidity that gives back to its project’s community. The first Vault is launching for the Qredo community, enabling USDC deposits that protect the Qredo token price and earn yield. — Every community can have its own stable money through ICHI Branded Dollars. - In addition to Vaults, ICHI provides any crypto community with the ability to create its own Branded Dollar backed by its native token and a stablecoin of its choice. These Branded Dollars provide further strength to ICHI Vaults for the communities that elect to use them. Today, we are introducing oneICHI, a stable, decentralized dollar-denominated token. oneICHI can be minted and deposited to ICHI Vaults here. We are excited to take these steps in our journey to create a better liquidity model for DeFi. We are incredibly thankful to our engaged community of users, partners, investors, and supporters who continue to believe in the ICHI mission. — FAQ - What ICHI Vaults are launching? Ethereum Mainnet oneICHI Angel Vault, USDC Angel Vault, wNXM HODL Vault, CEL HODL Vault, GNO HODL Vault, wBTC HODL Vault, Polygon oneBTC Angel Vault, USDC Angel Vault, wBTC HODL Vault, Where can I see the new ICHI Vaults? app.ichi.org What are the ICHI Vault rewards for depositors? Rewards are given in the form of the Rewards Boost program. For more information about the Rewards Boost program, check out the approved Snapshot Vote here: snapshot.org When do these rewards in the ICHI Vaults go live? Rewards and concentrated fees will go live early next week during the first Vault rebalance. Do I need to swap my Legacy $ICHI for Upgraded $ICHI? Swapping from Legacy ICHI to ICHI is possible directly on app.ichi.org, but Legacy ICHI will not disappear. Legacy ICHI use cases, such as liquidity provision, will be possible, but incentives will start to phase out as we look to ramp up the usage of ICHI. What will happen to Legacy $ICHI? Legacy $ICHI will continue to be present in the market and function as it does today. There is no end date or plan for it to be removed from the market. What can I do with $ICHI? New liquidity options for $ICHI and other use cases such as governance capabilities and staking of $ICHI, are coming soon. After talks with the Bancor team, the ICHI Foundation will look to have $ICHI whitelisted on Bancor v3 and be approved for Dual Liquidity Mining rewards (dependent on ICHI governance approving the allocation of $ICHI rewards to this program). How will ICHI maintain the same price as Legacy ICHI? Both Legacy ICHI and ICHI will be pegged to each other with 1–1 swap availability on app.ichi.org and Uniswap v3. Will I receive ICHI or Legacy ICHI with the ALLY program? The Ally program provides $ICHI (0x111111517e4929D3dcbdfa7CCe55d30d4B6BC4d6). How does this affect xICHI? This will not affect xICHI. Those holding xICHI can continue to do so and it will function normally. Will there be a way to stake $ICHI? Yes, the contract is being built and is planned to launch in the future. How can I mint oneICHI? Go to app.ichi.org and select the “Mint” tab on the UI. You can then select oneICHI and follow the guided steps in the UI. What is oneICHI equal to? oneICHI is always equal to $1 USD. It is minted using 100% USDC. What can I do with oneICHI? oneICHI is a Branded Dollar that can always be redeemed for USDC. oneICHI can also be supplied to the oneICHI/ICHI Angel Vault concentrated position to earn fees and potential ICHI rewards. More use cases will be announced in the future as they become available. — About ICHI - ICHI is a Decentralized Autonomous Organization (DAO) that gives crypto projects the tools to operate their own sustainable, community-controlled economies. ICHI’s products allow crypto projects to develop liquidity programs that turn Total Value Locked into Protocol Owned Liquidity and their own stable assets (backed by their community’s token). With these products, ICHI aligns incentives between crypto projects and their communities by encouraging the purchasing and use of their project’s tokens. Learn more by visiting the ICHI website, Medium, Twitter, Telegram or Discord. ICHI: Stronger Crypto Economies Through Sustainable Liquidity was originally published in ICHI on Medium, where people are continuing the conversation by highlighting and responding to this story.




Breaking down Angel Vaults

It’s been a wild crypto summer, with tons of innovation around liquidity & treasury management. OlympusPro, Tokemak and Curve wars have been all around crypto twitter, and DeFi 2.0, protocol owned liquidity and bribes were common terms we frequently heard. An uprising liquidity management service named Angel Vaults delivered by ICHI DAO, is gaining traction and is worth a bit of deep dive for anyone interested in the latest innovation in DAO liquidity management. Want to know how ICHI has withstood all market corrections since the end of November? Let’s dive in Part 1 — Introduction to Angel Vaults The goal of this article is to give an overview and basic understanding of ICHI Angel Vaults (AV). Follow up articles will expand on how branded dollars are converting Total Value Locked into Protocol Owned Liquidity and how that benefits the project. What Angel Vaults are 🤷‍♂️, How do they work ⚒️, What problems do they solve — benefits and value proposition to the various angel vaults stakeholders, Risks, Modeling the risk / opportunity, Summary, Part 1.1 — ELI5 –Angel Vaults protecting token projects from market wide volatility Crypto markets introduce high correlation between crypto assets and BTC & ETH. The main reason is that most assets are traded on AMM’s, where ETH Is the dominant asset — when ETH drops in value, and in the absence of active buy side pressure on the paired assets, arbitrage opportunities arise that drive arbitrage players to sell the assets paired with ETH and take profit.A token price embeds various risk factors. It’s enough to look at 2 main risk factors making the biggest impact on a price of a token:1. Market risk — Beta (at various levels- from global economic condition, to sector specific, to domain specific).2. Project specific risk Angel Vaults fix this. Angel Vaults are Uniswap v3 liquidity position managers that provide BUY SIDE liquidity to a token. They are dynamically managed, so in a way you can think of them as autonomous market makers that optimize the capital deposited to the vault to achieve this goal, earn fees and save LP’s all the hassle of managing a uni v3 position. Part 1.2 — How does an Angel Vault work? When a project launches an angel vault, they choose a stable token to pair with their native token. (in our example ICHI-oneUNI* case study). That stable token will be used to seed buy-side liquidity underneath the project token spot price. liquidity providers will deposit this stable token and grow the Angel Vault TVL (single token deposit). The project will just need to seed initial tokens liquidity — as low as $20K (in this case $oneUNI & $ICHI) * oneUNI is a stable dollar, a token backed by $USDC + $UNI, always redeemable 1:1 to USDC. At this point in time it’s enough to assume the angel vault simply used USDC as the pair (absolutely a viable option), but if you find this interesting and read on to part 2, you will better understand the reason to use a branded dollar and the benefits of it). For now — just assume we used a stable coin of your choice. In the below screen, The red bar represents the spot price of the native crypto asset, and the tall blue bars to the left represent liquidity in the deposit token (stable asset) concentrated underneath the price as buy orders for the crypto asset. At and above the spot price, the Vault will place liquidity in the native asset as sell (take profit) orders.oneUNI-ICHI angel vault on uniswap v3 — every blue bar represent almost $2M of buy liquidity underneath ICHI spot price Let’s run 2 scenarios: ETH price drops, arbitrage players looking to sell $ICHI will sell it into this buy wall — these players will have to sell an entire bar’s worth of ICHI in order to bring the price down a single tick (a single tick in this example represents a 20 cent drop. $ICHI price will not be impacted by the dump. Without an AV, on a standard AMM (XY=K), ICHI price will drop at a similar rate to ETH, usually much more due to the way liquidity in a normal Constant Product curve is spread out. The pool will now hold a wall of $oneUNI and $ICHI which is then distributed above the spot market, so when ETH price spikes, take profit orders will be matched converting ICHI to $oneUNI which is redeposited into the vault to grow the buy wall. Afterwards, the vault can be re-balanced. Note that the Vault is constantly being monitored and if an exceptional dump took place, and the mix of $oneUNI-$ICHI has drastically changed, the Vault will re-balance it’s position, and the Buy wall will adjust to a lower ICHI price point. To conclude Angel Vaults help soften market-wide volatility, so token price is only exposed to the project specific risk. This caps the impact of market down pressure, but continues to capitalize on the correlation to ETH when the market goes up. Of course, Angel Vaults do not eliminate all market risk as that depends on the strength of the vault (TVL in comparison to project’s market cap) — but it can surely reduce volatility, give token holders piece of mind in uncertain markets, and build confidence in a token price by decorrelating it from the market. References:miro.com Demonstrating previous ETH market crush, and ICHI’s price:left — Dec 4th market crush right — Dec 13th market crush Part 1.3 — What problems do Angel Vaults solve? In this section I will cover the problems addressed by the Angel Vaults, and the benefits for the various stakeholders: — Benefits for projects: - DeFi projects have to define a strategy for their token liquidity. They face questions like “how do we ensure there is enough liquidity for our token?”, “how do we manage that liquidity?” (which pools to seed, how much rewards they should provide, should they have a protocol owned liquidity pool or provide incentives for LP’s to do that etc..), and “do we have to hire a market maker to help with all of the above?” Market Making Angel Vaults serve as your market maker — The key benefit is that unlike traditional market makers who earn trading fees for others (the exchanges they trade at), Angel vaults earn trading fees for you and your community. I will elaborate in the next part on the use of Branded Dollars — stable tokens minted part with USDC and part with your native token. The highlight of this is that while market makers deposit your token on exchanges, where it is sold, Angel vaults accept branded dollars as deposits. These dollars are minted in part with your token which means your token is net purchased rather than net sold. By using branded dollars as the deposit asset in an AV, rewards that a project may reward to LP’s can be partially or fully offset by the tokens locked inside the branded dollar treasury when those are minted. Working capital Capital efficiency for Projects (use community liquidity to market make vs your own treasury Rewarding a Uni v3 position Uni v3 is superior to v2 or other amm’s in capital efficiency, but since the position is minted as a unique NFT, the standard liquidity mining contract won’t work. Angel Vaults solve this, as LP’s can deposit their AV LP (an ERC-20 token) into a deposit contract and earn reward. Token launch — the web 3.0 version of an investment bank taking a company public through an IPO An interesting use-case for Angel Vaults could be providing buy-side liquidity (or a price floor) for an asset when it is first released into the market. This is similar to a company doing an IPO that uses an investment bank to support its listing on the buy side until price has stabilized. AV could be seen in a similar way. The importance — if a token loses momentum for any reason, and liquidity providers (farmers) dump the token, a project cannot count on someone to pick up and “buy the dip”, as there’s always the risk of other people FOMO and dump their token too before the token becomes worthless, then it makes it hard for a project to recover, until sophisticated investors come in. If and until that happens, the projects risk getting into a spiral where the rewards are not attractive enough to attract liquidity providers, further emphasizing the loss of confidence in the project ability to recover. Launching with an angel vault can be a good way to take care of initial liquidity, while providing incentives only to the BUY side — when a project provide liquidity rewards to a traditional Pool2, they incentivize both buy & sell liquidity for their tokenHow Angel Vault differs from traditional liquidity provision — Benefits for Liquidity providers: - If you are an investor looking to deploy your capital by providing liquidity, your biggest challenges are IL (impermeant loss) and how to optimize your capital and maximize it’s efficiency, Liquidity providers lacking the time / knowledge to actively manage a uni v3 position — these LP’s can enjoy all the benefit of AV + earn optimal fees for providing liquidity — mainly because of ICHI angel vaults high capital efficiency (read more about uni v3 capital efficiency here) Investors that are long on a token for the long run, but want to reduce exposure risk can use stables to provide AV liquidity — and risk at ending up with a different mix of stable/token, but as they are long anyway, it’s a way for them to get this position without needing to actively monitor the market and try to time when to buy the token. Furthermore, depositors will get the native token as liquidity rewards in addition to fees earned on Uniswap v3. If you are seeking to do both — provide liquidity + get a long position on a token — Angel vault will serve both goals. Part 1.4 — Risks Although this sounds too good to be true (it is kind of), there is no magic here — In every economic system, an existing risk cannot be eliminated — it can be moved and contained if the different parties in this game have different needs and risk profiles. Let’s explore those: Liquidity providers give downside protection in exchange for trading fees and rewards. They take the risk that in an extreme case, they will end up with 100% of their position in the form of the native token (reminder — they have started with 100% token pair — in this example oneUNI (or any other stable coin). This is totally fine for LP’s who are long $Token and are seeking to get this exposure. Another way to look at it is that LPs are option writers — they write a Call option on the price of the token, in exchange for a fee (liquidity rewards + trading fees)., Projects risk that if the buy wall is not strong enough, an angel vault could serve as an exit liquidity to current token holders. (Strength measured as % of the total market cap of the project). It is therefore important to consult and design the right structure that takes into account many factors specific to each token project, Part 1.5 — Modeling the risk / opportunity — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — THIS IS NOT INVESTMENT ADVICE, and anyone using this tool should do their own research when considering using an AV. — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — It’s a simple tool aimed at giving a directional sense — I’ve tried to model the risk/profit profile for someone considering if they should deposit into an AV, vs. just holding stables vs. just holding the token. The way this model was built, is by looking at 2 risk levels Best case — The angel vault is capable of supporting market movements, and rebalance itself to stay at a 80%/20% mix of holding token/pair, A Worst case scenario — Angel vault could not hold the level of sell pressure, and LP’s end up with the token + rewards, How to use this simulator: Insert your assumptions in YELLOW cells, See the position value in different token performance as % change to it’s spot price when entering the pool, See the performance vs. just holding 100% stablecoin or 100% the native, Angel Vault APY estimator I invite the community to fork this and use more sophisticated tools to enhance and better model this. Summary Angel Vault introduces a unique opportunity for crypto projects to manage their token liquidity and remove market volatility. It also offers investors and liquidity providers a unique exposure that is usually only accessible for large market makers and sophisticated players. This is not all — by using the concept of branded dollars — which I will elaborate in the next part, projects can build more protocol owned liquidity, retain more value that can further help them protect their token price and reward its community for supporting the token via liquidity provision. — — — - — — — — — — — — — — — — — — — — — — — — — — — — — Author Bio Living and working full time DeFi & DAO’s since 2018, I’ve been obsessed with building and helping web3 projects launch & grow. Active in multiple DAO’s, among them ICHI DAO, where I helped the project navigate through biz dev and partnership with other DAO’s in this space. Today I’m leading the Collider Ventures platform, a team focused on adding value & helping portfolio companies with the most critical challenges they face — tokenomics, governance, growth, biz dev, hiring and fundraising. Linkedin | Twitter About Collider ventures: Collider is a venture fund dedicated to investing in the future of the internet, blockchain, web3, and decentralization technologies, We believe that in the world of ownership economy & web3 value will follow those who create it, and as such actively participate, contribute, and become an active part of the projects and communities we invest in. Collider has been an early member of the ICHI community and we are excited about what ICHI is building and want to help educate the entire DeFi community Breaking down Angel Vaults was originally published in ICHI on Medium, where people are continuing the conversation by highlighting and responding to this story.




ICHI’s Roadmap to $1B in Community Governed Value

The most chill community in crypto has sowed the seeds for DeFi 3.0 with the Decentralized Monetary Authority and Angel Vaults. TL;DR: ICHI’s first 12 months included launching two revolutionary protocols and nine branded dollars (oneTokens)., Angel Vault provided stability for $ICHI’s price during two -20% market crashes in the first two weeks., New plan to increase TVL and meet demand from other projects includes: ICHI Foundation, token upgrade, and token sale., ICHI community keeps 70% of token allocation., Angel Vaults: Get Comfy this Crypto Winter Liquidity is the lifeblood of crypto but normal liquidity pools also come with a significant, but not so obvious, cost: the project’s strongest supporters are putting their tokens up for sale. They must deposit the project’s token on an exchange to provide liquidity in order for someone else to buy it. Why can’t we create a new type of liquidity program that keeps more value in the community? ICHI Angel Vaults do this by providing necessary liquidity without selling tokens. The first Vault was launched on November 30th and it provided stability for $ICHI’s price during two -20% market crashes in the first two weeks. Now other communities want their own Angel Vaults. We propose expanding the business development and operations work streams to meet this demand. Partnerships & Growth In the last 6 months, ICHI proved the Decentralized Monetary Authority (DMA) model by launching partnerships with 9 different projects, both large and small. It is now time to grow decentralized assets under management (AUM) from tens of millions to billions. We propose three actions to make this happen: ICHI Foundation: Forming an ICHI Foundation will enable the community to better carry out the wishes of the DAO, deploy on other chains, establish a grant program and hire a larger, decentralized team for marketing, growth and development., ICHI Upgrade: An upgraded ICHI token will enable ICHI to meet the demands of hundreds of crypto projects rather than the 10 originally envisioned by Masanobu Fukuoka and the other founders. We propose a token swap for the upgraded ICHI token that will:, Increase the decimal places of ICHI from 9 to 18 to maximize compatibility with other protocols., Enable a new monetary policy better suited to funding expansion to other chains and actively grow the ICHI ecosystem., 3. Token Sale: A token sale through the ICHI Foundation will onboard institutional purchasers to assist with 1) partnerships with portfolio projects, 2) launches on other Layer 1s, and 3) increasing total value locked. The initial sale would be 600k-800k ICHI at $5 per ICHI with the 4 year distribution schedule included below in Table 1. The remaining tokens allocating to purchasers could be sold at a later time. Token Allocation Pending DAO approval, the upgraded ICHI token will be made available. Each legacy ICHI will be convertible to a single new ICHI. Total ICHI supply will be the sum of all new ICHI and yet-to-be-converted legacy ICHI. The four year supply will include 10 million ICHI tokens to be allocated as follows: 70% to community (7M $ICHI), 15% to purchasers (1.5M $ICHI), 15% to team (1.5M $ICHI), A perpetual inflation rate of 2% per year will start in year 5 to ensure ongoing, active participation in the ICHI community.Figure 1: $ICHI Year 4 and Year 10 Token Allocations With 40% (~4M) of $ICHI already in circulation, the Community Treasury will retain 30% (~3M) to distribute on an ongoing basis through contributor/advisor grants, community incentives, liquidity mining, and other programs. 1.5M of this ICHI is available for distribution in year 1 following the formation of the Foundation. The remaining 1.5M community $ICHI will unlock on a continuous basis starting in year 2 according to the following schedule:Table 1–4 Year Distribution Schedule Team, purchaser, advisor, and community treasury allocations will have identical distribution schedules. With a new Foundation, larger team and more resources to grow, this plan represents the single largest catalyst for the ICHI community since launch 12 months ago. The model has been proven, and some crops have been harvested, but now it’s time to scale. ICHI’s Roadmap to $1B in Community Governed Value was originally published in ICHI on Medium, where people are continuing the conversation by highlighting and responding to this story.




Angel Liquidity Vaults — Uniswap v3 supercharged for LPs and Crypto Projects

Angel Liquidity Vaults: Get Comfy this Crypto Winter - Bid On This Announcement NFT (OpenSea Auction from 1/1/22 to 2/1/22) Liquidity (the money available for trading) is the lifeblood of crypto but normal liquidity pools also come with a significant, but not so obvious, cost: the project’s strongest supporters are putting their tokens up for sale. They must deposit the project’s token on an exchange to provide liquidity in order for someone else to buy it. Why can’t we create a new type of liquidity program that keeps more value in the community? ICHI Angel Vaults do this by providing necessary liquidity without selling tokens. The first Vault was launched on November 30th and it provided stability for $ICHI’s price during two -20% market crashes in the first two weeks. Now other communities are launching their own Angel Vaults. — Context - Liquidity powers decentralized finance, making it possible to build a secure and robust financial system without relying on centralized custodians or intermediaries to trade assets. Liquidity providers earn trading fees when traders swap assets by depositing their money into decentralized exchanges like Uniswap. However, not all liquidity is the same. In Uniswap V2, all liquidity was added in the full price range, from 0 to infinity. As a result, the majority of this liquidity is never used in trading and liquidity providers earn less in trading fees. This is because most assets usually trade within certain price ranges and assets that liquidity providers add to a liquidity pool outside of that range don’t earn fees. Uniswap V3 introduced the idea of concentrated liquidity where every liquidity provider could allocate assets to a liquidity pool within a custom price range. In Uniswap V3, liquidity providers earn exponentially more trading fees for each dollar deposited when the price range for the two assets in the pool is within the custom price range they have chosen. But there’s also a significant drawback related to the rewards you can earn through V3 and that is if the market price moves outside of your specified range, your liquidity will stop earning fees. Managing liquidity positions to ensure their price ranges remain active is confusing and expensive for users. A majority of liquidity on V3 is actually now outside of trading range and thus not earning fees! Another byproduct of the custom price ranges made possible through V3 has been that liquidity providers are no longer provided fungible ERC20 LP tokens to prove that they own liquidity in a given pool. In V2, the LP tokens for a liquidity pool were all worth the same because the price range for all assets in that pool was set between 0 and infinity. V3 LP tokens are non-fungible since they must represent a specific price range for two assets in a liquidity pool, making it impossible to use them in existing liquidity rewards contracts. — Angel Liquidity Vaults - Today, we are releasing ICHI Angel Vaults to combine the rewarding and simple experience of Uniswap V2 with the concentrated liquidity of Uniswap V3. This means that liquidity providers earn more fees without having to actively manage their price ranges. In addition to providing liquidity providers better trading fees, ICHI’s new protocol provides a number of features that benefit the projects that establish Angel Vaults, including: Buy Liquidity, providing single asset liquidity underneath the price of a participating project’s token increases the price of that token., Deflationary Liquidity Rewards: By creating branded dollars through ICHI and then establishing an Angel Vault with that branded dollar, crypto projects can offset the cost of liquidity rewards. This is due to the upward price pressure created from locking the community’s scarce token when minting its branded dollar and then using it as the single asset deposited in the Angel Vault., Protocol Owned Liquidity (POL), depositing a portion of the assets backing that project’s branded dollar into the Angel Vault creates sustainable, long-lasting liquidity., The combination of an Angel Vault + a Branded Dollar provides benefits that outweigh those provided to projects and LPs using Uniswap alone. ICHI’s Angel Vaults are the easiest and most cost effective way for projects to increase their liquidity floor, enabling: LPs to earn more trading fees with less,, Liquidity rewards to increase the amount of buy side liquidity without also incentivizing sell pressure,, The inflationary cost of rewards to be offset by the deflationary minting of the project’s branded dollar, and, Protocols to build assets under management (AUM) backing their branded dollar., — Buy Liquidity - Angel Vaults creates concentrated buy-side liquidity pools using Uniswap V3. These buy-side liquidity strategies ensure that there is always liquidity of the deposited token under the price of the other asset in the Uniswap v3 pool. As the price of the assets change, the strategy rebalances the pool to put buy-side pressure on the other asset. Example: A oneUNI Angel Vaults creates a position in a Uniswap v3 pool that has the oneUNI<>ICHI pair. The Angel Vault receives only oneUNI from LPs (and returns an ERC-20 LP token) and uses that to provide buy limit orders (holding oneUNI liquidity under the current price range) on ICHI within the pool. As the price of the ICHI fluctuates, the Angel Vault rebalances, ensuring it remains concentrated on the buy-side of the token. — Non-Inflationary Rewards - Branded Dollars are a complementary feature to any project’s Angel Vault. When used together, Branded Dollars and Angel Vaults enable projects to lock their scarce crypto token within a Branded Dollar treasury. This removes supply in the open market and provides upward price pressure on the scarce crypto asset offsetting incentives provided by the protocol to LPs. — Protocol Owned Liquidity - Another key feature that highlights the synergy of Branded Dollars and Angel Vaults is its use in converting Total Value Locked (TVL) into Assets under Management (AUM). When Branded Dollars are minted, scarce crypto is locked into a treasury that is governed by the protocol and its users. Incentivizing LPs to stake their Vault LP tokens, inherently incentivizes those users to mint or purchase branded dollars which converts the scarce crypto used to mint into assets governed by the project itself. — Audits and Bug Bounty - Angel Vaults have gone through both an official review by Quantstamp as well as an audit by CertiK. ICHI also runs a bug bounty through Immunefi that pays developers who are able to find bugs in the platform’s smart contracts and notify the core team. — Launch Details - The first vault, launching today, will be the oneUNI Vault. This vault will allow LPs to deposit Stable UNI and get vault LP tokens (ERC-20) in return. The Stable UNI will be paired with ICHI in its Uniswap v3 position and rewards for staking the vault LP will begin 7 days after launch. Head over to app.ichi.org to see the countdown until ICHI rewards begin. — Reach Out - For partner projects interested in creating an Angel Vault, feel free to hop into our #partner-proposals channel on our Discord server. LPs feel free to discuss thoughts on Angel Vaults, improvements, and ideas for ICHI governance on our Telegram channel or on our Discord server. — Get Involved - Start using Angel Vaults in 2 easy steps! Get Branded Dollars either through Minting or by purchasing them on Uniswap v3., Go to app.ichi.orgvault and provide Liquidity/stake your LP tokens., — About ICHI - Angel Liquidity Vaults build on ICHI’s unique Decentralized Monetary Authority (DMA) protocol which enables any crypto project to create a branded dollar, worth exactly $1, backed by their native token. These stable assets keep more value within the project by creating a reliable, everyday currency that can easily be used to pay for business operations and investing in DeFi. ICHI has helped eight leading projects including ShapeShift, 1inch Network, DODO and others launch their own stable tokens. To date, more than $20 million branded dollars have been minted. Learn more by visiting the ICHI website, Medium, Twitter, or Telegram. If you’re a developer visit ICHI docs or join Discord. Angel Liquidity Vaults — Uniswap v3 supercharged for LPs and Crypto Projects was originally published in ICHI on Medium, where people are continuing the conversation by highlighting and responding to this story.



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