Which maximum amount should be allocated to each Vault to support the price of $ICHI?

Standard Vault Reward Allocation

Summary: We propose standardizing the reward allocations for new Vaults moving forward which have a deposit asset paired with ICHI. For example, wBTC/ICHI with wBTC as the deposit asset, ETH/ICHI with ETH as the deposit asset. These vaults support the price of ICHI.

Detail: Only whitelisted vaults will be eligible to receive the standardized ICHI rewards. For a vault to be whitelisted, a proposal must pass through the ICHI DAO proposal process and be approved through a snapshot vote.

Motivation: We believe this process will enable ICHI vault adoption and growth in a more scalable manner, specifically for vaults paired with ICHI. ICHI’s price protection and support grows as more vaults launch which are paired with ICHI.

Voting Details: Please select the maximum monthly $ICHI that can be allocated to each Vault to support the price of $ICHI. This maximum will be set as the largest possible reward that can be allocated to a new vault throughout its bootstrapping phase (4 weeks) to incentivize initial growth. Afterwards, rewards may scale with the Vault size and performance as well as market movements over time.

Options: $300,000 $200,000 $100,000 None of the above (Proposal Declined)

The actual amount will be the token weighted average over the previous 30 days.