Launch $oneFUSE

Fuse (https://fuse.io/) - The Infrastructure for Open-Source Money, allows anyone to build community-centric, mobile-first payment systems with zero coding experience on a low-cost, DeFi platform.

Fuse's mission to turn communities into economies is 100% in line with ICHI’s vision that every crypto community should govern their own money with a Decentralize Monetary Authority (DMA).

Fuse will utilize $oneFUSE as the native stablecoin used for onboarding new users into fuse communities, leveraging their on-ramping solution in their mobile app.

ICHI to:

1. Create $oneFUSE, a stablecoin minted with $FUSE and $USDC
2. Provide 0.05 ICHI per block to $oneFUSE depositors in weeks 1-4 and 0.025 ICHI per block in weeks 5-8.
3. Mint the first 25k $oneFUSE and hold it for at least 12 months.
4. Run a Fuse validator node.
5. Create a joint PR campaign for the $oneFUSE launch.

Fuse to:

1. Loan $100k $FUSE tokens to the $oneFUSE treasury without minting $oneFUSE.
2. Provide ICHI with the $5k $FUSE tokens and $20k $USDC necessary to mint the first 25k $oneFUSE.
3. Fuse will publish the initiative on their website and app, direct to app.ichi.org for actual minting and depositing of $oneFUSE.
4. Provide ICHI with a loan of 100k $FUSE tokens to run a $FUSE validator node.
5. Introduce new use cases for $oneFUSE in the Fuse ecosystem to drive wider adoption. Examples: a. $oneFUSE as a treasury asset in the fuse treasury to hedge against token price volatility b. $oneFUSE to pay contributors and bounty programs c. $oneFUSE as reward token for validators of the network Initial Treasury Management Rules:

Initial Minting Ratio: 80% $USDC, 20% $FUSE

1. Treasury backed must be less than $50k at less than 200% treasury reserve ratio
2. Supplied USDC may be used to provide $USDC-$oneFUSE liquidity
3. Governance Rewards to xICHI: 20% performance, 2% management

Initial Quorum and Governance Guidelines: 1.. ICHI community governance at launch 2. 100 holders, none greater than 5% outstanding oneFuse, and 40+% quorum of deposited oneFuse is necessary to hold multisig elections