
The ICHI ALM will be integrated to multiple AMMs on Stellar to provide users of each with the most accessible and automated path to deploy their assets into liquidity. Each ICHI Vault connects to liquidity pools on leading AMMs to provide asset owners with a staking-like experience for providing liquidity. Users deposit a single asset which is then allocated into an underlying liquidity pool to earn yield from liquidity provision. The vault automatically manages the liquidity position as inventory changes and fees and rewards are accrued. Users are able to withdraw their liquidity at any time and never lose custody. Vaults are designed first to protect user deposits and leverage customized strategies depending on asset types.
The $ICHI token will be bridged, likely using Axelar or Allbridge depending on availability, to Stellar as the governance token for the ICHI ALM but also as the best asset for new tokens to pair with to facilitate sustainable trading volume and liquidity provision. We are in conversations with the Stellar team as well as bridge teams themselves to bridge the $ICHI token.
Strategies are optimized to support specific token types. This means that concentration levels, rebalance settings, and fee optimization settings for managed liquidity from a given vault are configured based on the type of assets in the liquidity pool. Pegged assets will have higher concentration than uncorrelated volatile asset pairs for example. Strategies include:
YieldIQ: Volatile asset pairs (e.g. XLM/VELO)
Flip: Stablecoin and pegged asset pairs (e.g. USDC/ZUSD)
Ascend: Liquid staking tokens wrapped on Stellar (e.g. wMATICx/wMATIC)
Amplifi: Network tokens (e.g. XLM)
Liquidity providers: LPs in the Stellar ecosystem will now have a simple and automated protocol to earn yield on their favorite assets through liquidity provision.
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