Proposal: Launch $onePERL

Summary

PERL.eco - PERL.eco's vision is to create a more efficient, equitable and open marketplace and economy for everyone, including with real-world ecological assets. We want to encourage participation using natural asset projects and protection of the environment and the Earth.

$onePERL will serve as a governance token with stable value that can be used throughout the PERL.eco community. onePERL can be used for settlement, operating costs, helping to diversify the PERL.eco Team treasury, providing liquidity, and building the community. In staying true to its vision, PERL.eco will also be offsetting any emissions that come out of minting onePERL throughout its launch. PERL.eco is exploring future uses, with these likely to include lossless carbon credit lottery and earning carbon credits from staking onePERL.

ICHI to

1. Create $onePERL, a community coin with stable value, minted with $PERL and $USDC
2. Provide 0.1 ICHI per block to $onePERL depositors in weeks 1-4 and 0.05 ICHI per block in weeks 5-8.
3. Mint the first 50K $onePERL and hold it for at least 12 months.

Perl.eco to

1. Provide $50k to ICHI to mint the first 50k onePERL
2. Provide an initial deposit loan of $100k PERL to the onePERL treasury, to reduce the initial minting ratio to 80% ($0.80 USDC + $0.20 PERL to mint $1 onePERL).
3. Create a $400K DEX liquidity pool of $PERL<>ETH ($200K of each asset) to provide enough liquidity in case of a rebalance needed
4. Explore more use cases for $onePERL, including the introduction of $pCO2 - Tokenized carbon credits as collateral type to back $onePERL and other mechanism to incentivize participation, such as no-loss lottery (Pooltogether) rewarding participants locking $onePERL with $pCO2 tokens.

Initial Treasury Management Rules:

• Initial Minting Ratio: 80% $USDC, 20% $PERL
• Treasury backed must be less than $50k at less than 150% treasury reserve ratio
• Supplied USDC may be used to provide $USDC-$onePERL liquidity
• Governance Rewards to xICHI: 20% performance, 2% management
• The initial $100k deposit by PERL will not incur a 2% management fee
• Initial deposit loan may only be withdrawn from treasury to take one of two actions:
  • Repay the loans (as long as treasury reserve ratio is met post withdrawal)
  • Recapitalize the contract with USDC to maintain a 150% treasury reserve percentage.

Initial Quorum and Governance Guidelines:

• ICHI community governance at launch
• 100 holders, none greater than 5% outstanding onePERL, and 40+% quorum of deposited onePERL is necessary to hold multisig elections