Should we refund oneLINK collateral from ICHI treasury?

Background: Between 12/4/2020 and 12/5/2020, arbitrageurs were able to leverage the relatively low liquidity amount of oneBTC vs. USDC to cycle the collateral in the oneLINK liquidity pool from USDC to oneBTC, and then back to USDC. This process enabled them to gradually lower the collateralization percentage of oneLINK below 100%. The core team discovered the issue and removed the ability to use oneBTC as collateral. This solved the problem.

Proposal: Refund the collateral slippage from the ICHI community treasury by depositing ICHI into the oneLINK community treasury. The exact deposit amount is still be calculated but will be capped at $25K ICHI. This ICHI may only be sold if it becomes the only remaining oneLINK collateral.

How will we avoid a similar problem in the future? We will not use oneX stablecoins as collateral until they have $20M+ liquidity pools.