A coin designed to remain at $1 of value. You may mint stablecoins by depositing $1 of value in two parts: part collateral coins, part member coins. These are typically named oneX where X is the member coin. For example, oneBTC is Bitcoin's stablecoin and oneETH is Ethereum's stablecoin.
ICHI leverages Uniswap and Sushiswap liquidity pools to maintain the price of stablecoins. Here is a resource that explains this concept: https://uniswap.org/docs/v2/core-concepts/pools/
ICHI distributes rewards to liquidity providers who deposit to liquidity pools sponsored by ICHI.
Collateral: These are existing stable coins. You may claim $1 of collateral reserves when redeeming an ichi stable coin.
Member Coins: These are scarce or fixed supply cryptocurrencies that have their own ICHI stablecoin.
Community Treasury: A treasury of member coins for a specific stablecoin.
Outstanding Stablecoins: Number of stablecoins currently in circulation.
Reserve Ratio: The USD value of (Collateral + Treasury)/Outstanding. ICHI is designed to maintain a 100+% reserve ratio.
Minting Ratio: The collateral ratio required to mint a stablecoin. For example, oneBTC at a 91% minting ratio would be minted with 91% USDC and 9% wBTC. The minting ratio goes up/down 0.2% every hour depending on whether the stablecoin's price is slightly below/above $1.
Minimum Minting Ratio: This is the minimum minting ratio set by the stablecoin's governance. It starts at 90% for most ICHI stablecoins.
Minting Fee: This is the fee that you pay to mint a stablecoin. It stays in collateral. For most ICHI stablecoins, this is set to 0%.
Redemption Fee: This is the fee that you pay to redeem a stablecoin. It stays in collateral. For most ICHI stablecoins, this is set to 0.5% and will be lowered to 0% over time.
Liquidity Pool: A liquidity pool is a collection of tokens in a smart contract to enable swapping of tokens.