[VOTE] AGIP 50, 51, 52, 53: Create AavegotchiDAO Foundation, Election for DAO Foundation’s 9 Directors/Multisig Signers, Rarity Farming Season 5, & Channel Alchemica by Burning Kinship

Four new Core Proposals are live for voting on the official Aavegotchi Snapshot, including the following: Create AavegotchiDAO Foundation, Election for DAO Foundation's 9 Directors/Multisig Signers, Rarity Farming Season 5, and Channel Alchemica by Burning Kinship. 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 four Core Proposals, shall we?

[AGIP 50] Create AavegotchiDAO Foundation

Author: Jesse | gldnXross#6482
GotchiID: 4563
Quorum requirement: 20% (9M)
Vote duration: 7 days
XP Reward: 20 XP for each Aavegotchi in the voter’s walletDiscourse Thread: https://dao.aavegotchi.com/t/form-aavegotchidao-foundation-with-9-directors-multisig-signers/4551

INTRODUCTION

AavegotchiDAO was summoned as a 100% on-chain DAO in September 2020 via the deployment of the GHST bonding curve. Since then, the DAO has matured into one of the world’s most active with over forty successful AGIPs passed and extremely healthy metrics on Snapshot. Over this period we also graduated across our DAO’s roadmap, going from DAO 1.0 into the more experimental period known as Cocoon, our precursor to Metamorphosis (AKA DAO 2.0). Achieving Metamorphosis requires the DAO to further decentralize and accept more responsibilities currently guarded by the original summoners and Pixelcraft Studios.

Today we propose the next major step forward by suggesting it is time for AavegotchiDAO to add an off-chain presence to our decentralized autonomous organization. The following proposal is rooted in months of research and interfacing with a variety of legal advisors. We also take the practices of leading peers such as ENS and Sushi into consideration, opting for Foundation formation in the Cayman Islands coupled with on-chain governance being secured as primary via the Foundation’s Constitution.

Read on to see how we may move AavegotchiDAO forward in a way that drives progress for our vision of an open-source, on-chain gaming protocol!

PROPOSAL

My proposal is for us to form the AavegotchiDAO Foundation in the Cayman Islands as soon as possible by following these steps:

Gather all interested in serving as one of nine Directors on the Foundation. These nine Directors simultaneously are seated on the Foundation’s newly formed multisig wallet. All serving must be KYC’d.

*Interested in being a Director? Signal your interest by saying so in the dedicated Discord thread called “#DAO Entity Signaling Thread” under #Dao-forum.

Host election via Snapshot where the nine most voted for shall serve as Directors of the Foundation until further notice (The DAO should likely flesh out details for term length etc with a separate AGIP at a later date). The election shall happen in parallel to this proposal’s CoreProp.
Submit the nine fully KYC’d Directors details to our legal counsel from LEX DAO so that they can immediately begin Foundation formation. This will be completed in days, not weeks.
Upon formation of the Foundation, the Directors shall create the new Foundation’s primary multisig using Gnosis.
Pixelcraft Studios shall transfer DAO Treasury multisig funds to the Foundation multisig, including DAI, GHST, and Alchemica on both Ethereum and Polygon networks.
The Foundation is thus formed, ready to execute transactions according to the will of AavegotchiDAO. Further definitions of responsibilities, scope, goals and limits can be defined by the DAO at a later date.

FOUNDATION DETAILS

Entity

A Cayman Islands foundation with a board consisting of 9 Directors, who are also the multisig signers of the DAO Treasury wallet.
Legal Counsel shall arrange a local officer to act as secretary fulfilling basic administrative requirements until further notice.
Legal Counsel shall arrange a local corporate secretarial service to assist with Foundation formation, documentation and production of financial statements.

DAO Treasury

All DAO treasury funds present and future shall be transferred to the Board’s multisig.
The GHST Bonding Curve Council tokens could potentially also be transferred to the multisig signers, via a new AGIP proposal.
Eventually, all protocol contracts could be owned by this multisig, or if that is deemed not ideal, could be owned by the DAO itself (onchain voting) with the Board multisig action as a last resort Guardian to prevent malicious transactions.

Bank Account

Upon formation of the Foundation, legal counsel will confer with our corporate secretary to establish a Cayman Island’s bank account on the Foundation’s behalf. While not immediately useful, we have requested that this bank account be opened so as to futureproof the DAO to be able to natively settle any off-chain expenses (tradfi subscription fees, service providers, etc).

Board of Directors

Consists of nine doxxed Directors that also act as multisig signers on the DAO Treasury multisig. The DAO Treasury multisig shall be set at 5/9 signers in order to execute.

Paid position starting at 8000 GHST per year, paying 2000 GHST to each Directory directly from the Treasury multisig every 90 days.

The Board acts as the executor of the DAO’s wishes. If individual Directors disagree with an action of the DAO, they can choose to resign but they cannot vote or act against a verified on-chain AGIP’s intent.

Candidates should:

Be upstanding members of AavegotchiDAO with good reputations
Be familiar with smart contract interactions
Possess a hardware wallet and know how to use it
Be willing to have your name on a Cayman entity and be doxxed to Pixelcraft Studios
(Nice to have) Be familiar with creating transactions and signing on Gnosis Safe

The Officer

The Foundation also requires at least one Officer to serve an official capacity for signing off-chain documentation. Legal offers a package to deliver one local Officer to fulfill this role. This is not a role for advocacy so this Officer will simply execute signatures at the direction of the Directors. Of course, AavegotchiDAO can always revisit or even expand Officer roles at any point.

The Constitution

Legal Counsel will draft and supply a first version of a Constitution that takes best practices from fellow DAOs into consideration. Counsel will submit this Constitution in the form of a commentable Google Sheet for our community to give feedback and suggest changes.

Counsel and the DAO shall go back and forth in up to three drafts before the Constitution is sent to Snapshot for a three-day CoreProp regarding ratification.

If ratification fails, another two drafts shall be edited before re-submitting for another CoreProp vote. This process continues until a ratification of the Constitution is achieved.

Due to the critical nature of this CoreProp and the fact that it skips the SigProp step, the CoreProp vote shall require a voting result with those in approval at 66% or greater.

Roadmap (Estimated)

Now - Nov 21: DAO Discussion Forum + Signaling

Nov 21: 3 Day Sigprop on whether or not to incorporate

Nov 24: 7 Day Coreprop with elections

Dec 2 - DAO Foundation directors confirmed/elected

Dec 14 - DAO Foundation officially launched with 9 directors

Dec 16 - DAO Treasury multisig transfers to the Foundation

Q2 2023 - Diamond Contracts transfer to Foundation

Benefits of Formation

Independence; greater separation of Pixelcraft Studios from AavegotchiDAO
Board can execute proposals on behalf of the DAO (Liquidity provision, GHST staking, funding Dework, etc.)

Risks of Formation

More responsibility on AavegotchiDAO governance
More exposure to any future policy shifts specifically in the Cayman Islands jurisdiction

This completes the proposal. I look forward to your consideration and vote!

Option 1: Yes, let’s form AavegotchiDAO Foundation
Option 2: No, let’s wait and discuss more

[AGIP51] Election for DAO Foundation’s 9 Directors/Multisig-Signers

This COREProp Will serve as the election for the AavegotchiDAO Foundation’s 9 Directors/Multisig-Signers.

The board of Directors Consists of nine doxxed Directors that also act as multisig signers on the DAO Treasury multisig. The DAO Treasury multisig shall be set at 5/9 signers in order to execute.

Director is a paid position starting at 8000 GHST per year, paying 2000 GHST to each Director directly from the Treasury multisig every 90 days.

Directors have no legislative power, execute off-chain commands of the DAO, and simultaneously serve as signers of the Foundation's gnosis multisig.

Their first order of business once elected will be creating that multisig.

Candidates should:

Be upstanding members of AavegotchiDAO with good reputations
Be familiar with smart contract interactions
Possess a hardware wallet and know how to use it
Be willing to have your name on a Cayman entity and be doxxed to Pixelcraft Studios
(Nice to have) Be familiar with creating transactions and signing on Gnosis Safe

The following community members have signaled their interest in becoming AavegotchiDAO Foundation Directors:

CryptoGotchi#9089
Maxicrouton#1596
Mori#5912
Nofuturistic#1972
Zaunzi#1831
PG#0811
MichaelF#0901
yanik#0015
Choyna#0001
Rikige#0073
fifoooo#8782
cookheisenberg#9322 (SirLinkiest)
notorious_BTC#2084
brillz#7019
Mycaleum#8283
0xzfi#4880
Zeitgeist#6030
Umami#9686
Mcabandonpants#1498
Kokusho#9945

Please read each of their pitches before casting your vote at: https://discord.com/channels/732491344970383370/1042466123574157382/1042466123574157382

Option 1: CryptoGotchi#9089
Option 2: Maxicrouton#1596
Option 3: Mori#5912
Option 4: Nofuturistic#1972
Option 5: Zaunzi#1831
Option 6: PG#0811
Option 7: MichaelF#0901
Option 8: yanik#0015
Option 9: Choyna#0001
Option 10: Rikige#0073
Option 11: fifoooo#8782
Option 12: cookheisenberg#9322 (SirLinkiest)
Option 13: notorious_BTC#2084
Option 14: brillz#7019
Option 15: Kokusho#9945

There are 5 more applicants who have indicated interest through unofficial channels but still need to add their public pitch to the Discord’s “DAO Entity Signaling Thread” ASAP!

Option 16: Mycaleum#8283
Option 17: 0xzfi#4880
Option 18: Zeitgeist#6030
Option 19: Mcabandonpants#1498
Option 20: Umami#9686

[AGIP52] Rarity Farming Season 5

Authors: Cookiethief#3952
GotchiIDs: unknown
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/rf-szn-5-kickoff/4424

Gm frens,

I come to you bearing the anticipated S5 sigprop!

In the spirit of “if it ain’t broke don’t fix it”, I propose we keep things business as usual, since I believe our community has been having a bit of "change fatigue" of late - please refresh yourselves on the params of the past four seasons below:

4 Rounds (2 weeks each) 1.5 Million GHST Rewards Pool - to be funded by the DAO Treasury

70% BRS

20% Kinship

10% XP

Top 7.5k Gotchis (30%)

Ideal launch period in the mind of the author: after the deployment of The Forge, or January 2023, whichever comes first.

Thank you as always for your consideration and your votes.

Stay spooky frens!

Changes from Sigprop:

The author has agreed that the next Rarity Farming Season should come after the deployment of The Forge, or January 2023, whichever comes first.

The source of funds has been updated from Gotchiverse Player Rewards wallet to DAO treasury.

Option 1: Yes, have S5 RF
Option 2: No, Don’t have S5 RF
Option 3: Yes, but with different params

[AGIP53] Channel Alchemica by Burning Kinship

Authors: yanik#0015
GotchiIDs: #4751
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/kinship-og-kinship-economical-proposal/4524

Tl;dr

I propose to charge -4 kinship each time gotchi is channelling the altar.

This change gives a gotchi a choice to:

(1) accumulate kinship (+2 kinship /day) and improve the character farming specs

(2) take alchemica now and lose on the yield multiplier

By implementing this elegant and relatively simple solution, we are not only changing the alchemica dynamics and cutting the efficient inflation by 50% (in the wild should be closer to 60/40 or 40/60, depending on market conditions), but also making a game more strategic and exciting for long term players.

Such change is an excellent alternative to the current economic proposals and additionally will reduce the MATIC spend for channelling in half.

Cheers!

Option 1: Implement original kinship mechanics
Option 2: Do not implement

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 80 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.

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!

AGIP50 Vote: https://vote.aavegotchi.com/#/proposal/0x345ddec87f19d29b438ac88d0f947798af6edadbe1116cb64f96edc931f06fb3
AGIP51 Vote: https://vote.aavegotchi.com/#/proposal/0x1b8438ec161f2b18dad49ebfcc9524340d030f4ec69a5fd71f732290ccb51bb4
AGIP52 Vote: https://vote.aavegotchi.com/#/proposal/0x84119ecd3be2cd0fd2382ffaf2db0490967b3456ff19695e6629fdeeb9058dbb
AGIP53 Vote: https://vote.aavegotchi.com/#/proposal/0xfb3766f05a6990514c618db06c2a74d8fd36298694740799e2dd23424a297115

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!

Aavegotchi Resources:
Website: https://aavegotchi.com/
Blog: https://blog.aavegotchi.com/
Official Wiki: https://wiki.aavegotchi.com/
Twitter: https://twitter.com/aavegotchi
Discord: https://discord.gg/aavegotchi
YouTube: https://www.youtube.com/c/Aavegotchi
Reddit: https://www.reddit.com/r/Aavegotchi/
Telegram: https://t.me/aavegotchi

Gotchiverse Resources:
Website: https://verse.aavegotchi.com/
Gotchiverse Docs: https://docs.gotchiverse.io/

Fake Gotchis Resources:
Website: https://www.fakegotchis.com/
Twitter: https://twitter.com/FAKEgotchis
Instagram: https://www.instagram.com/fakegotchis/