ICHI rewards are distributed every Ethereum mainnet block and are split between oneToken depositors and ICHI Pools.
50% of ICHI rewards go to stablecoin pools. These rewards are allocated based on proportion of minted oneTokens.
50% of ICHI rewards go to ICHI liquidity pools. These rewards are allocated based on proportional non-ICHI liquidity contributed to the pool.
Here is the process of making changes in rewards:
Initial Eligibility: when a compatible pool contains $20k of non-ICHI liquidity or $20k in ICHI stablecoins it is eligible for rewards and will be allocated the minimum amount possible.
Reward Adjustment Process: A measurement week runs from Monday to Sunday. Every Monday, a new reward schedule (based on the previous measurement week) will be posted with the changes scheduled to go live 48 hours later.
Downside Protection: A specific pool’s reward rate may only adjust down a max of 5% at a time. For example, if the reward rate is 0.2 ICHI per block, the new reward rate may not be lower than 0.19 ICHI per block. *Scheduled halving events or other community votes are exceptions to this rule.