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ICHI

ICHI

ICHI is a self-sustaining, community governed platform that is building Solana's in-house, non-custodial oneToken (a stablecoin valued at $1 called oneSOL) through a Decentralized Monetary Authority (DMA).

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ICHI is building a Decentralized Monetary Authority for the Solana community. This will bring the first decentralized stablecoin to the Solana ecosystem. oneSOL will be capital efficient (does not require you take a debt position), decentralized (governed by its holders), growth enabling (putting upward price pressure on the underlying SOL), and 100% on-chain (fully transparent). This will enable Solana to implement its own Monetary Policy through an underlying stable asset.

Category
Governance
Apr 28, 2021
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