Thread
In my former threads, I’ve talked about @aavegotchi and the removal of the bonding curve
The flywheel has been set in motion
I’m surprised that @aavegotchi and Gotchinomics are still underrated
A 🧵
1/
Let's dive deep here on
The flywheel has been set in motion
I’m surprised that @aavegotchi and Gotchinomics are still underrated
A 🧵
1/
Let's dive deep here on
There are four pillars for Aavegotchi thesis
• Healthy treasury
• Recent DAO proposals AGIP 73, 72, 69
• Active Governance and community engagement
• Gotchi Supernet
Came across this thread as well, and will try to dissect more.
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• Healthy treasury
• Recent DAO proposals AGIP 73, 72, 69
• Active Governance and community engagement
• Gotchi Supernet
Came across this thread as well, and will try to dissect more.
2/
->Treasury
The unbonding as per AGIP-65 happened and gave the DAO access to millions in Dai
snapshot.org/
Currently it houses $21 mil Dai, out of the total $28 mil
While majority of DAOs have treasury in native tokens.
Having ample stables signals better health
3/
The unbonding as per AGIP-65 happened and gave the DAO access to millions in Dai
snapshot.org/
Currently it houses $21 mil Dai, out of the total $28 mil
While majority of DAOs have treasury in native tokens.
Having ample stables signals better health
3/
-> AGIP-69 - Rarity rewards buyback
The 25% of unlocked Dai($7 mil) will be used to allocate for protocol rewards in the form of rarity farming rewards.
A planned duration of than 18 months following a non-linear approach to daily/weekly purchases.
snapshot.org/
4/
The 25% of unlocked Dai($7 mil) will be used to allocate for protocol rewards in the form of rarity farming rewards.
A planned duration of than 18 months following a non-linear approach to daily/weekly purchases.
snapshot.org/
4/
-> AGIP-72 - Loan payment
Before curve transition, $5 mil Bal 80-20 Ghst-USDC pool was setup.
polygonscan.com/tx/0xae27fed433feac9a4eb8a73871fbf307de107255fdb0d0fa289c81d065adb8a6
Now these $5 mil worth GHST will now be returned to the DAO where 3% in DAI, 97% in GHST.
snapshot.org/
5/
Before curve transition, $5 mil Bal 80-20 Ghst-USDC pool was setup.
polygonscan.com/tx/0xae27fed433feac9a4eb8a73871fbf307de107255fdb0d0fa289c81d065adb8a6
Now these $5 mil worth GHST will now be returned to the DAO where 3% in DAI, 97% in GHST.
snapshot.org/
5/
Third part of puzzle
-> AGIP -73 -Liquidity buyback
$2.5 mil worth of Dai will used here.
50% of this amount to buy GHST, and pool it with 50% USDC in a Quickswap pool (Gamma V3).
Increasing liquidity and cash flow for the DAO (through fees)
snapshot.org/
6/
-> AGIP -73 -Liquidity buyback
$2.5 mil worth of Dai will used here.
50% of this amount to buy GHST, and pool it with 50% USDC in a Quickswap pool (Gamma V3).
Increasing liquidity and cash flow for the DAO (through fees)
snapshot.org/
6/
Most of these activities have already started.
The DAO-designed bot avoids front-running by utilizing the
@gelatonetwork to power these on-chain trustless strategies, which occur every four hours.
Many thanks to the @TheBeaardedLady who continues to flex his big brain.
7/
The DAO-designed bot avoids front-running by utilizing the
@gelatonetwork to power these on-chain trustless strategies, which occur every four hours.
Many thanks to the @TheBeaardedLady who continues to flex his big brain.
7/
Biggest health factor for a DAO is active governance and participation.
Here @aavegotchi shines, as per @nansen_ai
• #3 on: unique wallets who have voted on any proposal in the last 6 months (on ETH)
• #2 on: unique wallets who voted currently active proposals being voted
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Here @aavegotchi shines, as per @nansen_ai
• #3 on: unique wallets who have voted on any proposal in the last 6 months (on ETH)
• #2 on: unique wallets who voted currently active proposals being voted
8/
• #4 : in number of successful proposals passed in last 30 days.
→ In the world of governance, they are head and shoulders above any gaming platform alongside the big boys, @AaveAave @BENT_Finance @Balancer @fraxfinance
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→ In the world of governance, they are head and shoulders above any gaming platform alongside the big boys, @AaveAave @BENT_Finance @Balancer @fraxfinance
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One big pivotal moment for @aavegotchi will be getting a
@0xPolygon supernet live this year, which will use $GHST for gas in all transactions.
Long term thesis is that, games will need an appchain, already >20k daily transactions being performed on Aavegotchi contracts.
10/
@0xPolygon supernet live this year, which will use $GHST for gas in all transactions.
Long term thesis is that, games will need an appchain, already >20k daily transactions being performed on Aavegotchi contracts.
10/
Disclaimer:
Comfy and pragmatically, long Aavegotchi, builders and community.
Embrace pragmatism and do the needful.
Comfy and pragmatically, long Aavegotchi, builders and community.
Embrace pragmatism and do the needful.
Inviting Gotchi community for dialogue and discourse.
@gotchibulls
@thegotchifarmy
@grailguide
@metaversejohnnys
@firstaavegotchi
@gbmauction
@ct_p2e_guild
@Chris_H5
@aavegotchi
@aavegotchi
@gotchidevs
@FlexLack
@Webb_Nft
@coderdannn
@xavieriturralde
@AavegotchiS
@gotchibulls
@thegotchifarmy
@grailguide
@metaversejohnnys
@firstaavegotchi
@gbmauction
@ct_p2e_guild
@Chris_H5
@aavegotchi
@aavegotchi
@gotchidevs
@FlexLack
@Webb_Nft
@coderdannn
@xavieriturralde
@AavegotchiS
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Abhi @0xAbhiP
·
Apr 21, 2023
nice read.