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ichi.farmichi.farmby0x87616fA850c87a78f307878f32D808dad8f4d401valueless.eth

Consolidate ICHI Liquidity

Voting ended over 5 years agoFailed

Proposal is to:

  • Sunset all existing ICHI pools (ICHI-ETH, oneETH-ICHI, ICHI-oneBTC, ICHI-ETH Uniswap)
  • Create a new ICHI-ETH pool on Sushiswap
  • Set rewards for the new ICHI-ETH pool to 50% of the total (0.5 ICHI per block)
  • Split remaining 50% of total rewards between the other pools

Rationale:

Having liquidity fragmented between 4 pools is counter-productive, and joining them is the obvious solution. The choice of Sushiswap is because they are innovating at a much faster pace than Uniswap thanks to their merger with Yearn, and in order to get ICHI-ETH added to their Onsen program for extra rewards.

Off-Chain Vote

Implement the 4 outlined changes
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Do nothing
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Timeline

Dec 08, 2020Proposal created
Dec 08, 2020Proposal vote started
Dec 10, 2020Proposal vote ended
Oct 26, 2023Proposal updated