Aavegotchi Haunt 2 Signal Proposal is Live!

A Brief History of the Haunts

Haunt 2 Proposal Details

How many Portals?

  • 15,000 Portals (each Portal summons one Aavegotchi)
  • Each Portal contains 10 potential Aavegotchis

Stake what tokens to summon?

  • Polygon Aave.com amTokens

What Spirit Forces are completely new?

  • WBTC, MATIC and WETH designs + GHST (pending listing on Aave.com)

How will Portals be distributed?

How does Haunt 2 relate to Season 2 of Rarity Farming?

  • 40% of total Portal revenue will fund the Rarity Farming rewards pool.
  • 2 new “Rookie Season” leaderboards will be added for Kinship and XP (see below)
  • Season 2 reward distribution caps at a maximum 2 Million GHST
  • Any additional GHST in the pool will be reserved and staked to earn more for future seasons.
  • Top 5000 in each of the five categories will farm GHST

Why Haunt 2 now?

  • Exclusive, non-transferable Haunt 1 themed backgrounds for all first gen summoned Aavegotchis.
  • Two new H2-specific eye shapes
  • An update to the UI indicating which Haunt each Aavegotchi belongs to
  • Significant progress on the Pixelcraft Studios development roadmap
  • Incredible user growth on our home chain, Polygon (aka Matic Network)
  • The release of details and timelines regarding The Gotchiverse Realm virtual world
  • A new NFT drop method, powered by bid-to-earn mechanics

Adjustments to the Virtuous Cycle

  • Dampened effect: The unique nature of GHST token (asset backed by DAI and minting/burning on a bonding curve) means burning has minimal impact on volatility.
  • Opportunity costs: This massive amount of value burned could have been put to work on behalf of Aavegotchi. In one example, a certain leading exchange offers an OTC desk product to high networth individuals and institutional investors. We were approached to have GHST offered in their catalog, but in order to do so, a minimum stake north of 1 million GHST would be required. By providing that GHST, we would be exposing our token to larger scale investors and also could earn a decent percentage return for simply providing the tokens on a long term loaned basis (not selling them). If we hadn’t just lit our GHST on fire, we would have had the reserves to execute on this sort of opportunity.
  • War chest: Finally, Pixelcraft and AavegotchiDAO are extremely ambitious organizations facing their own unique challenges in regulations, taxation, and scaling. For example, potential taxation on a 33% token burn represents a significant risk factor for Pixelcraft Studios. Even if sailing is smooth, a strong warchest helps both Pixelcraft and the DAO continue healthy growth while remaining independent. While flexible and open to strategic partners, we’d rather not have to ever be in a position where we feel we must sell out to outside parties.
  • Marketing campaigns: Ticket giveaways are a great way to drum up interest in Aavegotchi, but since we are committed to not “pre-minting” any tickets, they must be earned by staking just like everyone else. Having more GHST to stake allows us to generate more tickets which can be used for strategic marketing campaigns and airdrops to help grow the #GotchiGang!
  • Rewards pool = 40%
  • Pixelcraft Studios = 40% (up from 17%)
  • AavegotchiDAO = 15% (up from 10%)
  • GHST burn = 5% (down from 33%)

Haunt 3, Haunt 4 and beyond

Conclusion, time to vote

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DeFi-enabled Crypto Collectibles Collect, compete, and combine your Aavegotchis for the ultimate gamified DeFi experience! Powered by @aaveaave.

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