ICHI Vaults Proposal

Summary: Proposal allocating $ICHI to the following programs:

1. Angel and HODL Vault Reward
2. Launch oneICHI
3. 250K $ICHI for locked, Institutional Angel Vault liquidity

Detail: Program #1 - $ICHI Reward for ICHI Angel + HODL Vaults We propose allocating weekly $ICHI payments on an as-needed basis to newly launched Angel and HODL vaults to reward vault deposits over the first 6 months of each vault. These reward payments will be capped at 10k $ICHI per week and will be made when the vault’s IRR (at inception) is beneath the following targets by month.

IRR (Since Inception) Targets By Month (oneICHI/oneBTC vault - other vault) Month 1: 100% - 80% Month 2: 90% - 70% Month 3: 80% - 60% Month 4: 70% - 50% Month 5: 60% - 45% Month 6: 50% - 40%

Program #2 - Launch $oneICHI oneICHI - ICHI’s Branded Dollar, always worth 1 USD and backed by USDC and ICHI.

oneICHI will be minted between 75-100% USDC and will be backed by the ICHI community treasury.

With the introduction of ICHI’s new Branded Dollar, we propose $ICHI tokens be allocated to the oneICHI treasury in order to provide reserves for bootstrapping.

Program #3 - Institutional Partnerships Fund The ICHI Foundation proposes to provide 250,000 options to buy ICHI between $10-$20 for institutional partners willing to deposit to and hold liquidity for 3-6 months in Angel and HODL Vaults supporting ICHI. Investors who execute the option to buy ICHI will have those ICHI vested over 3 years.

Actual document is pinned in our proposals discussion in discord.