TLDR:
- Update IRR boost rates for future Vault launches
- Set-max for single-vault weekly deposit
- New Vault incentive and referral programs
Motivation:
ICHI has launched vaults for 12 different communities in the last 3 months. We need a more scalable bonus system to grow this to hundreds of vaults.
Actions to be approved:
- New IRR Rates: All new ICHI Vaults will have a minimum IRR goal for 12 months:
- Any Token: 15%
- wBTC/ETH: 20%
- USDC/DAI/USDT: 25%
- oneICHI/oneBTC: 30%
- Maximum IRR boost per Vault per week: 5,000 $ICHI
- Maximum IRR boost for all Vaults per week: 10,000 $ICHI
- Early Deposit Bonus: Depositors who make the first deposits to a vault may be eligible for a bonus of up to $50k in $ICHI, depending on how long it takes to reach the early deposit target. This bonus will not unlock for 12 months. Depositors who withdraw before 12 months will forfeit the bonus.
- Affiliate Bonus: An up to $10k $ICHI affiliate bonus will be established for vaults that are created by ICHI partners. Affiliate vaults aren’t eligible for the early deposit bonus. This bonus will unlock over 12 months.
Benefits for ICHI:
- Broadens ICHI reach across multiple platforms for deployment of capital
- Enables low-cost/sustainable ways for ICHI’s partners to create liquidity for their tokens
- Sets limits to improve ICHI token supply and broaden token circulation
- Build incentive and referral plans to strengthen community efforts toward scaling