Community Treasury
Native project token backed community Treasury
When minting a oneToken, you pay $1 in value in a mixture of USD hard pegged stablecoin and the oneToken's specific native project token. The native project tokens remain in a Community Treasury because redeeming oneTokens will only return stablecoins from the Collateral Reserve. The oneToken community (oneToken holders) decides what to do with this treasury by voting with the stablecoin itself. Each stablecoin held represents a vote that decides what actions to take with the cryptocurrency paid to mint stablecoins. Proposals may include the following actions:
  • Selling coins to buy more USDC and deposit it to the collateral
  • Allocating the coins in DeFi (decentralized finance) contracts and receiving yield
  • Paying adoption incentives for users to spend or save the stablecoin
  • Paying grants to build applications and systems that support the stablecoin
This is not an exhaustive list. The community may propose and vote on any proposal.
Go to to view the current treasuries and collateral reserves for each stablecoin.

Treasury Reserve Ratio

The Treasury Reserve Ratio shows how 'over-collateralized' a oneToken is. This happens when the dollar amount of the sum of the USDC collateral and the community treasury is more than the number of circulating stablecoins. The possible drivers of over-collateralization may include the following:
  • Minting and/or redemption fees stay in USDC reserves.
  • Coins paid to mint are not paid back when you redeem and may grow in value.
  • Anyone can send coins into the community treasury.
  • Anyone can send USDC into the USDC reserves, including the community treasury.
  • USDC reserves and/or coins may be deployed by that in yield-bearing third party DeFi positions by that oneToken project community.
  • The stablecoin may be minted with a yield bearing coin.
This is not an exhaustive list and the implementation of some (or all) of these drivers is determined by coin's community.

Treasury Positions

A oneToken's treasury can be used on any proposal passed by the holders of that oneToken and in capital deployment strategies built by and voted for by the oneToken community. An example of actions a oneToken community could take to build their Community Treasury:
  1. 1.
    Contribute liquidity to ICHI stablecoin pools, receive ICHI rewards,
  2. 2.
    Pair ICHI with treasury asset, provide to ICHI liquidity pools, receive more ICHI rewards,
  3. 3.
    Re-allocate to other protocols and in systems to drive adoption,
  4. 4.
    Provide better interest when saving, increasing oneToken adoption, and
  5. 5.
    Provide discounts when spending, increasing oneToken adoption
These strategies can be used to solve the pains of specific crypto projects. An example is’s reason for wanting a oneToken and their use of oneWING to within their protocol to drive adoption.