ICHI DAO Announce The First Cohort Launch of Angel Liquidity Vaults

Published on: 23.12.2021

ICHI DAO is excited to announce the first Cohort Launch of Angel Liquidity Vaults. ShapeShift DAO, Fuse, and Wing Finance are launching their own ICHI Angel Vaults to create a new type of sustainable liquidity program that turns Total Value Locked (TVL) into actual assets under management.

Angel Liquidity Vaults are a Uniswap v3 liquidity management protocol that allows LPs to deposit single-sided assets into a Uni v3 pool. Created for projects to build a treasury of project-owned liquidity and everyday DeFi users to earn fees without needing to manage their pool positions. Angel Vaults combine the rewarding and simple experience of Uniswap v2 with the concentrated liquidity of Uniswap v3.

In addition to providing liquidity providers better trading fees, ICHI’s Angel Vaults drive buy-side liquidity, deflationary liquidity rewards, and protocol-owned liquidity. Angel Vaults are the easiest and most cost-effective way for projects to increase their liquidity floor.

LPs earn more trading fees with less and liquidity rewards increase the amount of buy-side liquidity without incentivizing sell pressure. The inflationary cost of rewards is offset by the deflationary minting of the project’s branded dollar, and protocols can build assets under management (AUM) backing their branded dollar.

ABOUT ICHI
ICHI is a self-sustaining, community governed platform that enables any third party cryptocurrency community to create and govern their own in-house, non-custodial oneToken (a stablecoin valued at $1) with a Decentralized Monetary Authority (DMA).

RESOURCES
Medium

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