[VOTE] AGIP 37 & 38: Voting Power for new Staking Pools and Stopping new BRS Wearable Emissions

[VOTE] AGIP 37 & 38: Voting Power for new Staking Pools and Stopping new BRS Wearable Emissions


Table of Contents

Two new Core Proposals are live for voting on the official Aavegotchi Snapshot, including a proposal to configure Voting Power (VP) for amGHST, wapGHST, and all GLTR staking, as well as one to stop the emission of new BRS-enabled Wearables. 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.

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

[AGIP37] Configure VP for amGHST, wapGHST, and all GLTR Staking

GotchiID: 21107
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/vp-for-wapghst-alchemica-lps-and-glitter-lps/4106

As we have now launched GLTR staking and most of us have moved our liquidity from the FRENS pools to the GLTR pools, it is time to make those pools officially part of the voting power.

The VP would be as follows, which is simply a continuation of how we have done everything on the FRENS staking side-

The affected pairs and tokens to be added, are as follows -

  • amGHST(GHST staked on Aave)
  • wapGHST (unstaked, staked on FRENS side, or staked on GLTR side)
  • stkGHST-USDC (not added on GLTR side yet)
  • stkGHST-MATIC (not added on GLTR side yet)
  • stkGHST-GLTR
  • stkGHST-FUD
  • stkGHST-FOMO
  • stkGHST-KEK

VP is calculated as follows -

  • amGHST, wapGHST - 1 VP per token
  • All supported pairs that receive GLTR rewards - 1 VP per GHST staked, calculated at time of Snapshot. Again, this is simply a continuation of how we have treated GHST and staking in the past.

    Option 1: Yes, do it.
    Option 2: No, don’t.

[AGIP38] Stop new BRS Wearable Emissions until further notice

Author: notorious_btc
GotchiID: 15320
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/setting-a-fixed-cap-on-new-wearables/4211


Over the lifespan of Aavegotchi, we've endured many wearable dilution events which have negatively impacted our community by:

  • Loss of investor confidence (and investors)
  • Depreciation of asset values
  • No known schedule for releases, resulting in uncertainty in the markets
  • In bullish conditions, new wearables would be released, capping our upside growth

It makes sense to have a wearables budget. Something the whole community can see and investors can easily digest. A cap based on total live gotchis was proposed, but in truth it does not accurately depict the true usage of assets.

The community by and large agrees on a budget, however at this moment in time, we don't have the metrics or data to create one. This budget is likely going to come from data such as daily active users (once PvP is live).


This proposal is simple and straightforward:

  1. No new BRS-based wearables until the DAO votes on a budget
  2. That budget will be developed at a later date once the data is available

The idea is to restore investor confidence and allow us to sleep a bit easier at night, knowing that our assets will not suffer from spontaneous dilution.

Note: this proposal does not include aesthetic wearables, new set creations, or set rebalances (such as Link Marine)

Associated Risks

I don't see any potential risks for this proposal.

Option 1: Yes, stop new wearables
Option 2: No, keep things as is

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 40 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 irregardless of whether you vote for or against any particular proposal.


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!

Vote now!


Stay spooky frens,

Aavegotchi Team

About Aavegotchi

Aavegotchi is an open-source, community owned NFT gaming protocol, enabling true asset ownership for gamers. Aavegotchi NFTs 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. 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!

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