ICHI is a self-sustaining, community-governed platform that enables any other cryptocurrency community to create and manage their own internal non-custodial oneToken (a stablecoin valued at $1 USD).

oneETH is a stablecoin for the Ethereum community. Users need to purchase wETH to mint oneETH. You can use oneETH to buy/sell goods and services, pay fees and taxes, and create dollar exposure in DeFi (Decentralized Finance) applications.

oneETH provides a hard peg to USDC/USDT without sacrificing decentralization or compromising the scarcity of Ethereum.

The value of oneETH is maintained at $1 USD, purely on-chain, and accumulates an Ethereum treasury.