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ichi.farmichi.farmby0x11111D16485aa71D2f2BfFBD294DCACbaE79c1d40x1111…c1d4

Create input-output model for ICHI rewards?

Voting ended almost 5 years agoSucceeded

There are two types of votes in ICHI’s split governance model:

  • ICHI votes to govern the ICHI protocol itself in exchange for governance rewards
  • oneToken (ie, oneBTC) votes to govern specific oneToken instances to grow the adoption of those oneTokens

ICHI should adjust rewards to distribute new ICHI in a way that maximizes the distribution of ICHI votes (which are hard capped at 5M) and the number of oneToken votes (which are unlimited and always worth $1).

We can do that with this model: https://docs.google.com/document/d/1A7zSgrATrlmbZdZVXRdBvoZt5vDChDPWpYhOlGjc3iQ/edit?usp=sharing

Off-Chain Vote

Yes - Implement Model
216.6K 100%
No - Do Nothing
0 0%
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Timeline

Feb 12, 2021Proposal created
Feb 13, 2021Proposal vote started
Feb 15, 2021Proposal vote ended
Oct 26, 2023Proposal updated