# Ichi - oneUMA token Proposal **URL:** https://discourse.uma.xyz/t/ichi-oneuma-token-proposal/1323 **Category:** Ideas Bank **Created:** [September 7, 2021, 2:38pm UTC](https://discourse.uma.xyz/t/ichi-oneuma-token-proposal/1323 "2021-09-07T14:38:43Z") **Posts on this page:** 1 **Page:** 1

### Author: ![GastonJM](https://avatars.discourse-cdn.com/v4/letter/g/e68b1a/32.png) [@GastonJM](https://discourse.uma.xyz/u/GastonJM) #### Post date: [September 7, 2021, 2:38pm UTC](https://discourse.uma.xyz/t/ichi-oneuma-token-proposal/1323/1 "2021-09-07T14:38:43Z")

I have been encouraged to propose partnering with the ICHI DAO to create $oneUMA: A stablecoin to accelerate the growth of the $UMA economy. Why? $oneUMA will increase the value of the $UMA token and provide greater economic freedom to all the contributors to the UMA. It will leverage the value of the $UMA token without selling it. It is self-defeating to sell $UMA tokens for other stablecoins/fiat. $oneUMA solves this problem by keeping stored value within the UMA economy when paying dollar-denominated expenses. $oneUMA will enable predictable budgeting and funding. There is no reason to be worried about market cycles. More value will be retained within the UMA economy. Instead of selling $UMA tokens for assets issued by other communities, entities, or governments, UMA can use its own asset to conduct business or create dollar-denominated exposure/loans in decentralized finance. What? Filecoin, 1INCH, Gitcoin, and other top projects are relying on ICHI to build their own stablecoin. The UMA DAO should partner with ICHI to make $oneUMA, a stablecoin minted with a mix of $USDC and $UMA. Capital Efficient: $oneUMA will be minted and redeemed for exactly $1, unlike other decentralized stablecoins that rely on debt or algorithms. Regulated off-ramp: $oneUMA is 1-for-1 redeemable for USDC, which is redeemable for a USD. Where do I learn more? ICHI website: [https://www.ichi.org/](https://www.ichi.org/) 15 ICHI Telegram: Telegram: Contact @ichifarm