Initial oneLINK stablecoin parameters

We have learned a lot in the first 12 days of ichi.farm. Based on those learnings we make the following two recommendations for the initial parameters of oneLINK:

1. oneLINK minting fee to be set at 0.2% when minting with USDC and 0% when minting with oneBTC. This will encourage the use of oneBTC to mint oneLINK, drive greater over-collateralization of oneBTC, and reduce the dependency on USDC.
2. oneLINK minting ratio adjust in 0.2% increments instead of 0.1% increments. Our minting ratios have only gone as low as 96%, not reaching the minimum ratio default of 90%. A 0.2% increment will allow the excess reserves to collect more LINK if the stablecoin trades at $1 or higher.
3. Use LINK excess reserves to purchase oneLINK and deposit to the oneLINK-LINK liquidity pool. This will allow the LINK excess reserves fund to accumulate yields in the form of trading fees and ICHI. This will further collateralize oneLINK and support oneLINK-LINK liquidity.

Voting options:

Yes to 1, 2, and 3 No to 1 No to 2 No to 3

If the ‘yes to 1, 2, and 3’ doesn’t get a majority vote, we will remove the least popular option and vote again until we get an option with a majority vote.