What is Ichi? Ichi is a Yield Farming platform that delivers maximum returns and deep liquidity on DeFi protocols. So what is interesting about Ichi and what does it contribute to the Ethereum ecosystem? You can refer to the article below by Weakhand.
People can refer to some of the articles below to get an overall perspective on Ichi including:
- What is Arrakis Finance (SPICE)? Overview of Arrakis Finance Cryptocurrency
- What is Gamma Strategies (GAMMA)? Overview of Cryptocurrency Gamma Strategies
What is ICHI?
The problem arises
Currently, many liquidity providers on Uniswap V3 are experiencing losses due to common reasons such as Impermanent Loss, Wrong liquidity provision strategy leading to more IL, so Ichi was born as a solution to help Providing liquidity becomes easier and profits for investors are also more optimized.
Overview of ICHI
Ichi is a Yield Farming platform with the goal of bringing the highest profits to its customers through providing liquidity on the Uniswap V3 platform and also supporting liquidity bootstrap on Uniswap V3 through a product called is ICHI Vaults.
ICHI Vaults will use users’ assets deposited into ICHI to create complex liquidity provision strategies on Uniswap V3. Besides ICHI Vaults, ICHI also provides products Branded Dollars – stablecoin, for any community.
Mechanism of action of ICHI
Ichi’s operating mechanism will be relatively easy for investors, including the following activities:
- Step 1: Users will deposit assets into Ichi vaults such as USDC, ETH, wBTC,…
- Step 2: Adopting the Greedy Liquidity strategy means that Ichi will use the above assets to provide liquidity on Uniswap V3 through complex strategies to gain the most profit for users.
- Step 3: Users can reclaim their assets at any time.
Development Roadmap
Update…
Investor
February 4, 2022: In the Private round, Ichi successfully called for an amount of $3.5M invested by a number of investment funds such as Lattice Capital, First Mile Ventures, Fundamental Labs, TRGC Limited, Lightshift Capital, GSR Markets Limited , Ashbury Ventures LLC,…
Core Team
Update…
Tokenomics
Information about ICHI tokens
- Token name: ICHI
- Code: ICHI
- Blockchain: Ethereum
- Token classification: ERC 20
- Contract: 0x111111517e4929d3dcbdfa7cce55d30d4b6bc4d6
- Total supply: 10,000,000
Token Allocation
- Core Team: 15%
- Purchasers: 15%
- Community: 15%
Token Release
Update…
Token Use Case
Update…
Exchanges
Currently, people can buy and sell ICHI tokens on platforms such as Uniswap, Bancor or some CEX exchanges such as MEXC Global, Bilaxy or Hotbit.
Information Channel of ICHI Project
- Website: https://app.ichi.org/
- Discord:
- Telegram: https://t.me/ichifarm
- Twitter: https://twitter.com/ichifoundation
- Medium:
Summary
Ichi is a protocol that has changed its development path from a stablecoin development platform for the community to a platform providing liquidity strategies on Uniswap V3. Ichi is not the only project in the industry, so the project still has many difficulties to overcome.