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 $1 stablecoin).
oneETH is a stable currency of 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 USDC/USDT hard peg without sacrificing decentralization or giving up the scarcity that drives Ethereum.

The value of oneETH remains at $1, purely on-chain, and accumulates a treasury of Ethereum.