Incentives for MODE-KIM and wETH-MODE Vaults
Protocol/Project Name
ICHI
Protocol Overview
ICHI empowers communities with sustainable and efficient on-chain liquidity management solutions. By creating single-sided vaults, ICHI enables protocols to achieve deep liquidity and better token utility while reducing impermanent loss risks for liquidity providers. ICHI’s tools integrate seamlessly with AMMs and support various incentive mechanisms, helping projects maximize their impact on user growth and market activity.
Incentive Impact Statement
Incentivizing the MODE-KIM and wETH-MODE vaults will amplify liquidity on key pairs for the Mode network. By offering rewards through these gauges, ICHI ensures tighter spreads and deeper liquidity, benefiting traders by reducing slippage and boosting market efficiency. Additionally, these incentives encourage long-term participation from liquidity providers, fostering a more resilient liquidity ecosystem. Enhanced engagement with these vaults will position Mode as a more attractive network for both traders and liquidity providers.
Contribution to the ICHI and Mode Ecosystem
The MODE-KIM and wETH-MODE vaults play a critical role in supporting liquidity health and trading efficiency on the Mode network. By creating gauges and aligning incentives, ICHI ensures these pools remain highly liquid and sustainable. This initiative drives trading volume, attracts new users, and strengthens Mode’s position as a leading network for DeFi innovation. Furthermore, it showcases ICHI’s ability to provide scalable liquidity management solutions that cater to diverse protocol needs.
Additional Information
Co-Incentivization Plans
ICHI and Mode will collaborate to co-incentivize these LP vaults, offering MODE tokens and additional rewards for LPs staking in these vaults. This approach maximizes yield opportunities for liquidity providers, ensuring strong participation in the pools.
Community Initiatives
A comprehensive two-week campaign will be launched to promote the new vaults and their incentives. Activities will include:
- Informational threads on Twitter and educational materials to explain vault mechanics.
Contact Information
Email: nik@ichi.org