ICHI Partnering with ConsenSys to Build Filecoin Ecosystem on Ethereum Mainnet
ICHI, the protocol for creating the world’s first Decentralized Monetary Authorities (DMAs), announces the launch of oneFIL, a stablecoin for the Filecoin community. As ConsenSys brings Filecoin to Ethereum, oneFIL will now serve as a reliable and standardized form of payment for the Filecoin decentralized storage ecosystem.
Filecoin pioneered the idea that storage should be open, accessible, and decentralized. As Filecoin works with ConsenSys and Ren Protocol to expand its peer-to-peer storage marketplace on the Ethereum Mainnet, oneFIL will provide a stablecoin for the transactions required to support Web3 application development. oneFil can now be used to pay hardware, pay for storage, earn yield in DeFi and more.
ICHI’s protocol, which is fully-audited by Quantstamp, provides any crypto community the ability to easily mint secure, verifiable, and standardized stablecoins, or oneTokens. Unlike other stablecoins projects, ICHI’s protocol provides every crypto community with the tools they need to operate all aspects of a sustainable, scalable economy. By creating their own DMA projects can:
“By enabling a truly trustless decentralized storage network, Filecoin is helping create a more resilient, robust and efficient internet,” said Bryan Gross, former Principal Product Manager of IBM (NYSE:IBM) Blockchain who now serves as an ICHI Steward. “We are proud to provide all Filecoin users with complete freedom over how they spend, invest, save and and otherwise use their money as they help achieve the full potential of Web3.”
“oneFIL can be used as a stable medium of exchange for the Filecoin community,” said Corbin Page, Head of Product at ConsenSys Codefi. “The Filecoin community is powering web3 with decentralized storage, and Ethereum DeFi serves as the financial system for this emerging industry. oneFIL provides a stable way for providers and consumers to exchange web3 storage services while also opening up a new yield generation for FIL and renFIL holders.”
To learn more and read ICHI’s whitepaper, visit docs.ichi.farm.
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Source: Cryptocurrency - investing.com
