WatchlistCoins

GM ICHI Community. Today, we are excited to share a Q1, 2023 update and announce exciting partnerships coming to our community.

ICHI
ICHI
Telegram
25 Apr 2023, 13:19
💙 💙 GM ICHI Community 💙 💙 Today, we are excited to share a Q1, 2023 update and announce exciting partnerships coming to our community! Q1 Update: ICHI partnered with Chainlink in December to automate ICHI Vaults on Polygon. This partnership cut down ICHI Vault rebalance time from an average of 1 day to 4 minutes. As a result, the median internal rate of return (IRR) on Vaults jumped from ~5% to ~30%, and automated vault TVL increased by and reached $2M+. Total ICHI TVL is now ~$11M. In addition, ICHI has formed strategic partnerships with Ethos Markets to establish on-chain market-making deals using ICHI Vaults, Bril.finance for institutional growth, and Blueberry.garden for on-chain, leveraged liquidity. Bril.finance Partnership: ICHI is partnering with Bril.finance to introduce a new type of high-yield Uniswap V3 Vaults to large financial institutions through a new product called Bril Yield IQ. Ethos Markets Partnership: ICHI is collaborating with Ethos Markets, a new market maker focusing on making deals in order to deposit more tokens to ICHI Vaults. Blueberry.garden Partnership: ICHI is incubating and supporting a new project called Blueberry.garden, which will enable leverage on ICHI Vaults. Other Initiatives: 1) With the recent open-source licensing of Uniswap V3, ICHI is pursuing partnerships with Uniswap V3 forks. 2) ICHI introduced a yield program on Uniswap V3 and Polygon, benefiting the Polygon ecosystem and sophisticated crypto funds. 3) ICHI is partnering with Picante and Credmark to create ICHI Vault analytics dashboards. We are pleased with ICHI's growth in Q1, 2023, and look forward to further expanding our offerings, fostering collaborations, and driving innovation in the DeFi ecosystem. Community Action Items: The ICHI Team is looking for community support in the following areas: - Introductions to Projects with Polygon Liquidity. - Introductions to Projects on chains with Uni V3 or a Uni V3 fork. - Share the news of ICHI's exciting update and roadmap! - Reach out to the team in the General Chat if you'd like to learn more.