ICHI, a Liquidity Management Protocol, Joins Chainlink BUILD
We’re excited to announce that ICHI is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate ecosystem growth and the long-term adoption of Yield IQ, an automated liquidity management protocol, by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.
ICHI has long been an active participant and believer in Chainlink, currently using Chainlink Automation. Our participation in BUILD furthers our integration with Chainlink, with added benefits of priority support from the Chainlink ecosystem, increased access to dApps needing liquidity management, and stronger incentive alignment between the Chainlink and ICHI communities.
We’re confident that through enhanced support, secure off-chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of ICHI and realize the adoption of auto-liquidity management.
ICHI: Powering Sustainable On-Chain Rewards and Deep Liquidity
ICHI’s mission is to revolutionize the DeFi space by offering an efficient and user-friendly platform for liquidity provision. Its ultimate goal is to help token holders accrue income, mitigating risks, and maximizing returns in an unpredictable and often volatile market. Through the easy-to-use platform, single-asset depositors can receive rewards as the liquidity provision algorithm generates yield on Uniswap v3. The dApp is currently deployed on Ethereum,Polygon and Arbitrum, with more chains on the horizon.
Why We Joined Chainlink BUILD
ICHI joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, ICHI will receive key benefits, including access to and integration of Chainlink Price Feeds and access to new Chainlink product alpha and beta releases, among other benefits.
In exchange for these services, ICHI will make a percentage of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
“We’re excited to join Chainlink BUILD to gain access to industry-standard oracle services, technical support, and a robust cryptoeconomic model that empowers us to build Yield IQ with greater security assurances. We look forward to continuing our collaboration together and we welcome the passionate Chainlink community into the ICHI ecosystem.” — Bryan Gross, Founder of ICHI.
About Chainlink
Chainlink is the industry-standard Web3 services platform. It has enabled trillions of dollars in transaction volume across DeFi, on-chain finance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink empowers developers to build feature-rich Web3 applications with seamless access to real-world data, off-chain computation, and cross-chain interoperability across any blockchain, providing global enterprises with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About ICHI
ICHI is a trustless market-making protocol that enables the use of sophisticated algorithmic strategies on Uniswap V3. Grow any token with low-slippage, on-chain liquidity using ICHI’s Yield IQ vaults.
Learn more by visiting the ICHI website, Medium, Twitter, Telegram, or Discord.
