The Treasury League is excited to follow up and support this community initiative. The Treasury League helped Ichi initially to formulate its proposal via Governance Forum, the initiative then picked up some initial interest from the Idle ecosystem that after reviewing the initial proposal raised many good questions.
This week there was a conference call between the Treasury League and the Ichi team that helped to answer more questions and share some light on both the benefits and challenges of setting up a oneIDLE stablecoin.
That being said, this post will summarize and inform the Idle community how the Treasury League can imagine this initiative being executed in a beneficial way to both Idle and Ichi. Money Legos, sirs 
After sharing our opinion about Ichi’s proposal and what our own research has shown us, it’s the Treasury League’s vision that the rest of the community should follow up the discussion and reach a consensus. In the end, the Idle ecosystem can say that its Governance worked!
ICHI confirmed that the Dev effort from our side would be minimal for use cases that do not require oneIDLE asset/strategy integration with our protocol. This might be a reasonable starting point and later, as oneIDLE grows, more complex use cases for OneIdle can be developed over time. A possible start for oneIDLE utility would be to use it as an option to pay grants and compensations. This adds desired utility to oneIDLE with no development resources from our side at the beginning.
The Treasury League could also manage the oneIDLE Treasury multisig wallet. Managing another multisig wallet comes with additional financial and human resources costs that the Treasury League would be willing to support if they are reasonable. The treasury League already asked for some more info about multisig management in Ichi.
Ichi’s “stablecoin factory” model requires an initial bootstrap of oneIDLE treasury. To be eligible for Ichi rewards this value has to be a minimum 100k USD. At this moment, the Treasury League has decided not to put any financial resources in bootstrapping a oneIDLE Treasury because we feel that we are working on other higher priorities on the roadmap with current sustainable capacities.
This means that to continue to pursue this initiative the entire Idle ecosystem needs to signal their interest and willingness to use the oneIDLE treasury by self organizing to bootstrap it.
It’s now up to the community to come up with more utility cases for a oneIDLE stablecoin (both now and in the future) that would be enough to make the case for the 100k bootstrap investment in the oneIDLE stablecoin Treasury.
One idea already discussed by the Treasury League was to bootstrap the Treasury with idleTokens instead of USDC. The initial reaction from the Ichi team was positive but more research would need to be done.
We’re keen to hear from Idle community what are the use cases and usage that they see for this initiative, and then follow up with this discussion with all actors and try to find consensus in the following week🗣