Vault Growth Mode
TLDR:
-ICHI deposit vaults set IRR boosts. -Former vault deposits per previous vote to now be halted.
Context:
ICHI Vaults have been proven to be great ways for communities to create deep on-chain liquidity for their tokens. In the first 3 months, ICHI launched 12 Vaults with partner projects. In the subsequent 3 months ICHI has grown to over 40 Vaults. With this in mind, we suggest ICHI move from the bootstrapping phase to growth phase. This means creating a more sustainable pathway to growth with vaults.
Due to the incredible growth rate and strong product market fit, ICHI has also launched ICHI-deposit vaults. These will enable ICHI holders to create liquidity for the DAO and earn while doing so.
Proposal:
ICHI deposit vaults have a minimum IRR over their first 18-months. They will still be subject to a 10,000 ICHI per week maximum and will be scheduled as follows:
1-6 Months // IRR = 15% 7-12 Months // IRR = 10% 13-18 Months // IRR = 5%
Former vault deposits per previous vote to now be halted
Proposal Link below: https://docs.google.com/document/u/1/d/e/2PACX-1vRZl8qmJQU5OaqzaTbqNEClBMRRPX-PrjjCOgUgjP_0kgSgTvHO2IHcR0lpSmm8wdZM0fRkUkUKCD0k/pub
Vote Yes - Approve updated IRR boosts No - Do Nothing
Off-Chain Vote
Yes - Approve updated IRR boosts
36.01K ICHIPOWAH100%
No - Do Nothing
0 ICHIPOWAH0%
Discussion
Timeline
Jan 18, 2023Proposal created
Jan 18, 2023Proposal vote started
Jan 20, 2023Proposal vote ended
Oct 26, 2023Proposal updated