A new Core Proposal is live for voting on the official Aavegotchi Snapshot: AGIP49 to Adjust Aaltar Spillover Rates. Keep reading to get the full scoop on the Proposal, join the discussion on the official AavegotchiDAO forum, and then finally head into Snapshot to cast your vote!
Please examine the 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 vote is 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 the Core Proposal, shall we?
[AGIP49] Adjust Aaltar Spillover Rates
Author: Mark#4094, Fantasma#1777
GotchiID: 16559, 2824
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/alternative-alchemica-economic-plan/4490
There's been a lot of debate in the DAO this week around alchemica inflation. It's clear that our economy cannot handle the amount of tokens being currently issued. Therefore, we have come up with a proposal to increase spillover rate in lower level aaltars to help reduce the amount of alchemica being issued and encourage frens to upgrade their aaltars. We believe this will stabilize the economy until more alchemica sinks are introduced in the eagerly anticipated combat release.
The following table shows the Daily FUD inflation rate caused by chanelling, broken down by aaltar level. You can see the current inflation levels and spillover rates, our new proposed spillover rates and the reduction in inflation this will cause.
We believe these measures are necessary given current economic conditions but we are always free as a DAO to change them at a later date in light of new information or more alchemica sinks being introduced.
Option 1: Change to Proposed Aaltar Rates
Option 2: Do Nothing
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. 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 thread before voting, as it is very important to hear any concerns that are not addressed in the original verbatim proposal. Once you’ve heard from both the bulls and bears it’s time to put your voting power to use!
Stay spooky frens,
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