Aavegotchi Improvement Proposals (AGIPs)

Last updated on by
Contributors

Heya frens. Participating in Aavegotchi Improvement Proposals (AGIPs) are what responsible gotchis do! You need to vote and get your voices heard.

How far have we progressed as a community? Look at our archives of past votes here!

Tap increase for Scaling Sprint

Aavegotchi Improvement Proposal #1

Proposal Summary: The GHST Bonding Curve has been live for nearly one month and with that comes the first opportunity for GHST holders to adjust the DAICO’s tap mechanism. AavegotchiDAO 1.0 is built on the Aragon platform and functions as a straightforward DAICO where GHST holders are able to vote once per month to increase or decrease the flow of funds to the core team via the tap. The tap provides DAI directly from the GHST Bonding Curve where over 7.5 million DAI are currently secured.

We request the Aavegotchi community vote to increase the tap from 50K DAI / 30 days to 100K DAI / 30 days. 50k DAI was not enough to cover all of the milestones achieved (community growth, GHST token, game development) and the next sprint is even more ambitious. The hard coded constraints of AavegotchiDAO 1.0 limit this proposal to only a 50K DAI increase for this month’s voting period and thus we have budgeted our strategy with a total 100k DAI tap in mind.

The budget going forward deploys the additional 50k DAI into 4 distinct categories:

  • A game maker’s fund so we can solidify terms with key game developers.
  • Additional contracts for key positions in marketing, design, and development.
  • A marketing boost to make sure Aavegotchi’s presence is expanded.
  • Community rewards so we can continue to develop programs (like the Aartists and Aapprentices teams) that incentivize the most inspired in our community.

Voting Period: 15 - 19 October 2020

Results:

OptionVotes
Yes2,540,143 GHST
No601 GHST

Link to vote on Aragon UI


Add fees to Bonding Curve

Aavegotchi Improvement Proposal #2

Proposal Summary: The bonding curve is the main source of liquidity of GHST. Large buyers and sellers can currently buy in and out without any fees.

Our market maker offers the ability to add fees to buy and sell orders.

Multiple community members have proposed adding fees up to 0.3% to buying and selling on the curve.

This is possible to do by calling the updateFees function on our bonding curve, but should we? It’s up to you, AavegotchiDAO.

Any fees earned would automatically be transferred to the DAO Treasury address at 0xffe6280ae4e864d9af836b562359fd828ece8020 and would be considered as assets of AavegotchiDAO.

Voting Period: 18 - 21 January 2021

Results:

OptionVotes
Yes3,726,567 GHST
No108,143 GHST

Link to vote on Aragon UI


Increase DAICO tap for GHST purchases

Aavegotchi Improvement Proposal #3

Proposal Summary: Player rewards and liquidity incentives are crucial to bootstrapping the Aavegotchi ecosystem to a level where it becomes self-sustained on trading volume and economic activity.

Whenever GHST is spent in the Aavegotchi ecosystem, 33% of it is automatically sent to a burn address. Unlike most cryptocurrencies, burning GHST (except via the bonding curve) does not actually lower the total value of GHST, since that value is stored as DAI within the bonding curve.

What burning does do is trap DAI within the bonding curve, essentially increasing the reserve ratio over time, which stabilizes the price of GHST.

In order to offset the burning (which could ultimately turn GHST into a stablecoin), we advise the community to increase the tap to 150,000 DAI per month. This will help balance the reserve of the bonding curve, while also providing an extra 50,000 DAI per month that will be put towards player rewards and liquidity incentives.

Voting Period: 18 - 21 January 2021

Results:

OptionVotes
Yes3,836,093 GHST
No33,683 GHST

Link to vote on Aragon UI


Proposal for Haunt 2

Aavegotchi Improvement Proposal #4

Proposal Summary: 10,000 Portals is arguably not enough to satisfy the current level of demand for Aavegotchis. Therefore it may be necessary to deploy a new Haunt to ensure that all who want to participate can own an Aavegotchi. This Core Proposal provides four different options that have been suggested by community members, including one option not to create a new Haunt.

Details on the AGIP can be found here.

Option 1: No new haunt, Revisit in a month

Option 2: 10K Portals, 100 GHST each, 1 per txn

Option 3: 25K portals, 100 GHST each, 5 per txn (w/ stricter ape tax)

Option 4: Pre-sale, in which each wallet can subscribe for 1 Portal in exchange for 100 GHST. When the pre-sale period closes, all Portals are minted and transferred to their owners.

Voting Period: 17 - 24 March 2021

Results:

OptionVotes
25K portals, 100 GHST each, 5 per txn (w/ stricter ape tax)3,540,000 GHST (54.25%)
No new haunt, Revisit in a month2,510,000 GHST (38.46%)
10K Portals, 100 GHST each, 1 per txn377,550 GHST (5.78%)
Pre-sale option98,410 GHST (1.51%)

Vote Differential not met. No Haunt 2 for now!

Link to vote on Snapshot


Give unique non-transferable Background to Haunt 1 Aavegotchis

Aavegotchi Improvement Proposal #5

Proposal Summary: Many players are worried that Haunt 2 will be too similar to Haunt 1 and the newly-created Haunts will devalue the “Genesis” Haunt. One of the suggestions is to give special backgrounds to each Haunt to make them easily identifiable. This proposal has seen excellent discussion and significant support on the associated Snapshot. Note that irrespective of the DAO’s decision on this issue, all Aavegotchis will be getting special non-transferable "Haunt" badges that identify their Haunt. This proposal focuses specifically on the idea of a non-transferable background that can be equipped in the Aavegotchi’s BG wearable slot.

Details on the AGIP can be found here.

Option 1: Only Haunt 1 should get a special background

Option 2: Each Haunts should have it’s own unique background

Option 3: Neither, leave it as is

Voting Period: 17 - 24 March 2021

Results:

OptionVotes
Only Haunt 1 should get a special background3,670,000 GHST (63.09%)
Each Haunts should have it’s own unique background2,010,000 GHST (34.53%)
Neither, leave it as is138,240 GHST (2.37%)

Link to vote on Snapshot


Add Fee on Baazaar to Support Rarity Farming

Aavegotchi Improvement Proposal #6

Proposal Summary: With the announcement of SZN1 Rewards now official, we explore how to align the community's interests and rewards structures, as it pertains to Baazaar fees.

Currently, 2% is allocated to Pixelcraft and 1% to DAO treasury. While not exclusive of providing for RF rewards, the treasury funds are currently in no obligation to be allocated in any form of ratio towards the RF pool each season. The proposal aims to increase the Baazaar fees from 3% to 3.5%, with the additional 0.5% going directly to the Rarity Farming rewards pool.

Details on the AGIP can be found here.

Option 1: Yes, increase fees from 3 to 3.5

Option 2: No, leave the fees as they are

Voting Period: 7 - 13 April 2021

Results:

OptionVotes
Yes, increase fees from 3 to 3.54,570,000 GHST (93.69%)
No, leave the fees as they are307,890 GHST (6.31%)

Link to vote on Snapshot


Earn XP for Successful Signal Proposals

Aavegotchi Improvement Proposal #7

Proposal Summary: We currently have a lot of Signal / Community Proposals on Snapshot and new posts on our forum everyday. So far none of those proposals were able to even get close to the quorum of 20%. The most popular one by @JG about adding additional fees for rarity farming only got around 2 million GHST in votes (~11%)-even though the team decided to take it as a Core Proposal. After being upgraded to Core we smashed right through the quorum in less than 24h.

I think there are two pretty obvious reasons for this. On the one hand, our Snapshot is a bit chaotic right now, with some Signal Proposals not following the template at all. On the other hand-and I think this is the more important one-voting on Core Proposal gets you 20 Experience (XP) for your Gotchi.

I propose adding a small Experience drop (10 XP) for people who voted on successful Signal Proposals, meaning ones that reach quorum and get upgraded to Core Proposals. Simply dropping XP for all Community Proposals could result in more low quality suggestions, which shouldn't be the goal of this proposal.

Even if 10 XP might not be much, it gives people incentives to actually look through the Signal Proposals and vote on quality proposals with a higher chance of reaching quorum. As a DAO, community involvement is extremely important and I believe this is a small, but decent, step in the right direction.

If this Proposal reaches quorum and passes, all Aavegotchis held by their owners at the end of the vote will receive 10 XP!

Details on the AGIP can be found here.

Option 1: Yes, successful SigProps give XP

Option 2: No, SigProps should not give XP

Voting Period: 12 - 18 May 2021

Link to vote on Snapshot


Name of Aavegotchi Marketplace

Snapshot Voting

Proposal Summary: What should the Aavegotchi NFT Marketplace be called?

Aavegotchi is launching its own NFT marketplace on Polygon in tandem with the game!

What should we call the official Aavegotchi Marketplace?

Choice A: Aavegotchi Baazaar

Choice B: Aavegotchi Maarket

Choice C: Neither

The quorum for this vote is set to 500,000 GHST. If quorum is not reached, Pixelcraft will draw straws.

If "Neither" wins...you guys better start coming up with some good alternatives!

Voting Period: 8 - 11 February 2021

Results:

OptionVotes
Aavegotchi Baazaar973,380 GHST
Aavegotchi Maarket683,420 GHST
Neither150,380 GHST

Link to vote on Snapshot


Eligibility of GHST-USDC LP tokens to earn FRENS

Snapshot Voting

Proposal Summary: Should GHST-USDC LP token be eligible to earn FRENS?

Our liquidity migration program has been a huge success, with over 8M GHST migrated to Polygon already. However, as many community members have noted, liquidity for the GHST-USDC pair is still not deep enough to support trading large amounts of USDC for GHST on Quickswap.

We believe one way to remedy this is by adding GHST-USDC as a pair eligible for FRENS on https://aavegotchi.com/stake-polygon. Just like GHST-QUICK has a receipt token stkGHST-QUICK, staked GHST-USDC can also emit a stkGHST-USDC token, which may be eligible for rewards on Quickswap, if their team deems it necessary.

Since this decision directly affects gameplay, we believe it is a ripe candidate for our first Snapshot vote on Polygon.

We are setting a 500,000 GHST quorum for this vote to be enacted.

The GHST-USDC LP token will earn FRENS at the same rate as just staking GHST, since impermanent loss is minimal and fees are significant.

Voting Period: 8 - 11 February 2021

Results:

OptionVotes
Yes2,560,000 GHST
No354,030 GHST

Link to vote on Snapshot


Portals purchased in one transaction

Snapshot Voting

Proposal Summary: How many Portals can be purchased in one transaction?

Discussion period has ended for this topic, and now it's time to vote! The most popular options were: 1, 5, and 10 Portals per transaction.

Our fren @coderdannn also threw a spicy idea into the mix: an "Ape Tax" whereby higher numbers of Portals could be bought in a single transaction, but at a higher price. The Portals would be tiered as so:

  • 0-5: 100 GHST each

  • 6-15: 200 GHST each

  • 16-25: 300 GHST each

So this leaves us with four options: 1, 5, 10, and 25 (w/ ape tax).

Let your $GHST token speak for you, and vote!

Voting period: 72 hrs Minimum quorum: 10% of GHST on Matic (~1.1M GHST)

AavegotchiDAO discussion topic 👇

https://dao.aavegotchi.com/t/how-many-portals-should-be-bought-in-one-txn/17

Voting Period: 23 - 26 February 2021

Results:

OptionVotes
25 per txn (w/ Ape Tax)1,500,000 GHST
5 per txn921,830 GHST
10 per txn201,760 GHST
1 per txn169,000 GHST

Link to vote on Snapshot