[VOTE] AGIP 21, 22 & 23: GHST on Umbria & GoodGhosting + Rarity Farming SZN3
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[VOTE] AGIP 21, 22 & 23: GHST on Umbria & GoodGhosting + Rarity Farming SZN3

Aavegotchi
Aavegotchi

Table of Contents

It’s shipping szn at AavegotchiDAO! Three more Core Proposals are live for voting now on the official Aavegotchi Snapshot, including proposals to augment liquidity on the Umbria bridge, begin Rarity Farming Szn 3, and support the GoodGhosting Savings pool. Keep reading to get the full scoop of each Proposal, join the discussion on the official AavegotchiDAO forum, and then finally head into Snapshot to cast your vote!

Please examine each proposal carefully before voting. If a CoreProp reaches quorum, XP will be sent to all voting wallets’ Aavegotchis regardless of which side of the results one is on.

The votes are open for the following seven days. Plenty of time to consider, discuss and VOTE at the AavegotchiDAO Snapshot.

AGIP21 VOTE
AGIP22 VOTE
AGIP23 VOTE

Now, let’s have a look at these Core Proposals shall we?

[AGIP21] Adding GHST to the Umbria Narni Bridge

Author:   ! Dev Oskii | Umbria Network#4669
GotchiID:   4458
Quorum requirement:   20% (9M)
Vote duration:  7 days
XP Reward:   20 XP for each Aavegotchi in the voter’s wallet
Discourse Thread:  https://dao.aavegotchi.com/t/add-ghst-stake-to-the-umbria-narni-bridge/2836

The Umbria Narni Bridge has implemented the GHST token, and is facilitating cheaper migration of GHST between the Ethereum <--> Polygon networks, compared to the official Polygon bridge. The Umbria Narni bridging cost is about 1/2 of the official polygon bridge cost and is also much faster (4 minutes, as opposed to > 1 hour).

The Umbria Narni bridge protocol can bridge a maximum of 20% of its total GHST liquidity, per bridging event. For example, with $100k of GHST tokens in one side of the pool, the bridge can migrate a maximum of $20k of GHST per single transaction.

Currently there is approximately $14,000 of GHST tokens on each side of the bridge. This is mostly funded by the Umbria team. This enables the bridge to be able to bridge a maximum of $700 of GHST tokens per transaction - which is pretty good, but we are aware that some users want to bridge much more in a single transaction.

We propose the Aavegotchi DAO add $100,000 of GHST to each bridge pool (1. Polygon and 2. Ethereum). There are a few advantages for doing so:

The Aavegotchi DAO will earn a 0.2% bridging fee whenever anyone uses the bridge to migrate GHST tokens between Ethereum <--> Polygon. So across time, the Aavegotchi DAO will make money. If the Narni bridge ever becomes an unnecessary solution, the Aavegotchi DAO can easily remove their liquidity and enjoy their profit.

Transactions up to approximately $21,000 of GHST will now be possible.

The Aavegotchi community will learn about our bridge which enables migration of assets for WAY cheaper than the official polygon bridge. A great quality of life improvement if they are participating in other projects too.

ETH average cost $4 - time 4 minutes, compared to > 1 hour

USDT average cost $9 - time 4 minutes, compared to > 1 hour

USDC average cost $9 - time 4 minutes, compared to > 1 hour

MATIC average cost $9 - time 4 minutes, compared to > 7 days

Unlike the official Polygon bridge who offer absolutely no technical support, even in the event of a bridge error, the Umbria Narni bridge has a dedicated discord support team who have an excellent reputation for speedily resolving any issues and guarantee transaction resolution in the event of an unforeseen error.

The Umbria Narni bridge is administered and coordinated by a publicly listed company Online Blockchain PLC from the UK, who are bound by the rules and regulations of the UK financial conduct authority. It has also been audited by ADVFN, and is in the process of several other audits.

The Umbria project is officially partnered with Polygon, as well as a number of popular NFT projects including Zedrun, The Red Village and many others.

If you have any questions or concerns, I (Dev Oskii - @OskiiDev on twitter and "! Dev Oskii | Umbria Network" on Discord) would be more than happy to answer them in the official Umbria discord channel. We hope you approve this DAO proposal so our platform can improve the user experience for Aavegotchi.

Option 1: Yes, add $200k GHST
Option 2: No, do not add any GHST

[AGIP22] Launch Rarity Farming SZN 3

Author:  Cookiethief#3952
GotchiID:  1998
Quorum requirement:  20% (9M)
Vote duration:  7 days
XP Reward:  20 XP for each Aavegotchi in the voter’s wallet
Discourse Thread:  https://dao.aavegotchi.com/t/season-3-for-q1-2022/2779

Problem
Currently, Rarity Farming Seasons happen sporadically and are difficult to account for in the cadence of Aavegotchi releases. It leaves investors wondering if they should hold onto their Gotchis and Wearables, or if they might find better ROI flipping into the next rounds. It would be desirable to have a bit of certainty / predictability for both investor sentiment and for planning purposes.

Solution  
If possible funding-wise, Rarity Farming should happen three times a year. It would fit in with the seasonal nature we are already following, and if properly planned could be sustainable based on GBM Sales in-between seasons, Treasury revenue via staking and partnerships (such as the Umbra Bridge proposal), and other streams of revenue such as DAO Grants. The author of this proposal believes Rarity Farming is an essential part of the Gotchiverse ecosystem, and something to build out and improve upon rather than scrap.

Distribution  
For Season 3, I suggest we go back to the standard reward ratio, as was tried and tested in Rarity Farming Season 1. The rookies of the similarly named rookie board are now all grown up and ready to compete with the big boys. This would mean 70% of payouts go to the BRS leaderboard, 20% to the Kinship leaderboard and 10% to the XP leaderboard.

Based on Forum discussions this would be the final model for SZN3:

  • 4 Rounds (2 weeks each)
  • 1.5 Million GHST Rewards Pool (1.4m GHST funded already)
  • 70% BRS
  • 20% Kinship
  • 10% XP
  • Top 5k Gotchis (20%) → Top 7.5k Gotchis (30%)
  • 3 Seasons per Year (approx. schedule below)
  • SZN 3: February - March
  • SZN 4: June - July
  • SZN 5: October - November

Updated Rewards Sheet: Rarity Farming SZN 3 Distribution Model

Since there is a ~100k GHST discrepancy between the proposed amount to be distributed and GHST currently in the rewards pool, this proposal includes a funding request for the remaining amount to be taken out of the AavegotchiDAO Treasury. The pool balance can be viewed here: https://polygonscan.com/address/0x27DF5C6dcd360f372e23d5e63645eC0072D0C098/tokens

Option 1: Yes, launch RF SZN3
Option 2: Yes, but different params
Option 3: No, don’t launch RF SZN3

[AGIP23] Co-Sponsoring the GoodGhosting Pool

Author:   Mycaleum#8283 & Deepcryptodive | GoodGhosting#1044
GotchiID:  11921 & 5109
Quorum requirement:  20% (9M)
Vote duration:   7 days
XP Reward:  20 XP for each Aavegotchi in the voter’s wallet
Discourse Thread:   https://dao.aavegotchi.com/t/aavegotchidao-x-goodghosting-collaboration-request/2975/1

What is GoodGhosting?
GoodGhosting is a no-loss savings game, built on top of Aave. We launched our very first DeFi savings pools on Polygon, during the summer of 2021. So far, we have helped over 7000 users to save over $600k worth of assets on Polygon. All while collecting some nice NFTs and climbing our leaderboard.

The GoodGhosting team believes in a world where saving is rewarding, easy and fun. Yet, traditional saving is none of that. We build decentralized social saving applications that combine game design elements with goal-based saving. We want to help our community to develop better financial habits, and have fun at the same time.

tl;dr If you make all deposits, you earn a slice of the pool’s interest, and additional rewards! More details can be found in the DAO thread.

Potential collaboration
We want to expose the GoodGhosting community to Aavegotchi, by introducing an Aavegotchi-themed savings pool. This pool will require players to save in GHST tokens, and earn them more GHST on top. We see it as a fun opportunity to cross-pollinate the GoodGhosting and Aavegotchi communities.

Aavegotchi is a one-of-a-kind project we have been keeping a close eye on from the very start. Both as players and as ecosystem residents. In our opinion, it envisions everything that DeFi and Web3 is about 👻

Besides inviting all Aavegotchi users and the DAO itself to participate in the upcoming GHST savings pool, GoodGhosting would like to request the AavegotchiDAO to consider co-sponsoring this pool.

Our Request

  • A total of 7000 GHST in sponsorship for this savings pool. To be shared between all winning players.
  • The ability to reward successful savers with Gotchi XP, or alternatively FRENS. Considering GoodGhosting an extensive mini-game that encourages people to stack more GHST.
  • An allocation of Aavegotchi NFTs (worth up to 3000 GHST) to be raffled to random participants and/or to all winners. These could be Wearables, Gotchi’s, Raffle tickets or Realm parcels.

These could either be provided by the AavegotchiDAO, or alternatively purchased by the GoodGhosting team on the Bazaar. For these additional incentives, we hope to provide benefits to a small handful of lucky winners (via a raffle system), and/or a smaller reward that is feasible to be delivered to all winners.

What can GoodGhosting bring to the table?

  • Up to 4000 WMATIC tokens in sponsorship (from our DeFiForAll grant). To be shared between all winning players.
  • An influx of new users into the Aavegotchi ecosystem. So far over 20500 users joined our Celo and Polygon savings pools. Most have not yet been exposed to Aavegotchi or GHST, and many are likely to join the Gotchigang.
  • We will create a YouTube video explaining Aavegotchi, and how to obtain the GHST token on Polygon. Directed at our community members.
  • We will allow users to play GoodGhosting using their Aavegotchis as avatar. This will show up in the shared ‘Players’ tab, as well as in the individual player profiles on Goodghosting.com
  • Some very special NFTs by our in-house artist Mali3D
  • An increased GG score for all successful savers

We look forward to proceeding in a way to benefit both Aavegotchi and GoodGhosting in some serious Ghostly synergy.

Option 1: Yes, 10k GHST for rewards + XP
Option 2: Yes, but under different terms
Option 3: No, do not support GG

XP Reminder

Your participation in Aavegotchi governance is valuable to the project and to your own Aavegotchis! Each Aavegotchi you own will earn 20 XP for your voting in each individual CoreProp. That’s 60 XP total! The XP is airdropped directly to your Aavegotchis in the week or so following the conclusion of the vote.

Your Aavegotchis earn XP regardless of whether you vote for or against any particular proposal.

Conclusion

Make sure you join the discussion threads before voting, as it is very important to hear any concerns that are not addressed in the original verbatim proposals. Once you’ve heard from both the bulls and bears it’s time to put your voting power to use!

AGIP21 VOTE
AGIP22 VOTE
AGIP23 VOTE

Stay spooky frens,

Aavegotchi Team


About Aavegotchi


Aavegotchis are on-chain collectible ghosts staked with Aave’s interest-generating aTokens.

Compete for player rewards by earning XP, leveling up, and increasing the rarity of your Aavegotchi fren. Owned by the community, Aavegotchi is governed by the AavegotchiDAO and the native eco-governance token GHST. Visit Aavegotchi.com today and join the future of DeFi-staked NFT avatars!

Resources:
Official Website: https://aavegotchi.com/
Gotchiverse Website: https://verse.aavegotchi.com/
Official Wiki: https://wiki.aavegotchi.com
Medium: https://aavegotchi.medium.com
YouTube: www.youtube.com/c/Aavegotchi

Community:
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Discord: http://discord.gg/aavegotchi
Telegram: https://t.me/aavegotchi
Reddit: https://www.reddit.com/r/Aavegotchi/














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