OneSeed, a stable currency build on the Ichi Protocole

The Ichi protocole allow any community to build a stable coin to enforce its development.
If the value of Seed is 0.2 cts, then you stake 0,9 USDT and 5 Seeds to issue one OneSeed. The value of oneSeed will stay $1 and you can redeem it anytime.

The governance of oneSeed will decide the ratio of stake Seeds to back oneSeed, so when the price of Seeds increase, then you can issue more oneSeed.

The governance also decide how to use the vaults where USDT and Seeds are staked.

So the merchands of the SEEDS community can set up their price in oneSeeds and start using oneSeeds. As the community grow, the quantity of oneSeed is growing too.

This will enforce the trust in the community so the value of Seeds will grow.
The community can also earn from different liquidity pools.

All the ingredients to run the Ichi protocole are running on Ethereum so we have two solutions to use it on Telos.
Seeds members can create an Ethereum address on the Telos EVM and we can deployed all the Ichi components on the Telos EVM.

Or we can implement the Ichi protocole in Telos smart contracts.