Lior of ICHI protocol has been in touch recently (discord) asking about launching a new OneToken we would call $onePOOL for our token treasury. As i understand, ICHI protocol can be used to create a stablecoin asset based on any token.
Governance has been working towards stabilizing the treasury portfolio recently and one of the results of that was the sale of $POOL to venture capital firms for USDC directly.
The benefits as advertised by ICHI is that a oneToken can be minted and managed directly by governance through a Decentralized Montery Authority (DMA) - each community can issue their stablecoin to serve their community and token project, so when people use a stablecoin on your protocol, they still drive demand for the project scarce asset ($POOL)
I am personally neither for or against this idea currently, i just wondered what thoughts were on such a token. This could be useful as yet another means to get more stabilized assets into the treasury and wouldn’t necessarily require directly selling any POOL.
Any thoughts on all this? Do you guys think a $onePOOL token would be useful for our treasury?