DinoSwap Launch GHST-ETH Liquidity Rewards are live!

Aavegotchi
4 min readJul 17, 2021

Farm DINO tokens, earn LP fees, and make FRENS all at once!

Decentralized Autonomous Organizations (DAOs) are evolving and will soon be the primary way people and capital organize across the Internet. Just look at AavegotchiDAO!

Aavegotchi’s own DAO has been growing over the past 10 months. Another major milestone was unlocked today with our first self-coordinated and funded collaboration 🚀

AavegotchiDAO voted in AGIP10 to allocate 100,000 GHST tokens toward “Extinction Pool” rewards on to the dinoswap.exchange DEX aggregator, with an additional 100,000 GHST being matched by Pixelcraft Studios, the lead developers of Aavegotchi.

In return, DinoSwap is incentivizing QuickSwap.exchange’s GHST-ETH liquidity with 2 million USD worth of DINO tokens over the coming 90 days.

AavegotchiDAO is starting to find its feet. Soon it will be running circles around the rest of us. Now let’s meet DinoSwap and read on to see how we all can participate in this brave new collaboration. 👇👇

Finally, an AAA aggregator on Polygon!

DinoSwap is a cross-chain infrastructure platform that builds liquidity for layer-one blockchains, AMMs and partnering projects, and it all starts on Polygon.

DinoSwap grows liquidity throughout the entire Polygon network, by encouraging yield farmers to provide the necessary liquidity to drive project growth. DinoSwap consults with projects prior to listing to ensure our values align, and always focus on quality over quantity.

Key Features

DinoSwap DEX: Users have the ability to swap tokens via existing AMMs on Polygon without ever having to leave the DinoSwap platform. Swaps are routed through existing AMMs like QuickSwap. DinoSwap will charge no fees for utilizing the DEX interface.

Fossil Farms: Users then stake their QuickSwap LP tokens to earn DINO token rewards. LPing for GHST-ETH on QuickSwap is one of the double incentivized launch pools!

Extinction Pools: Users can stake their farmed DINO tokens & earn rewards like even more Aavegotchi GHST tokens (thanks to the agility of AavegotchiDAO!).

You’re just in time!

Dinoswap.exchange went live yesterday with deposits opening. Today, the GHST-ETH rewards APY was confirmed on their site, starting at 1000+% APR and already 2.1 Million USD worth of liquidity exploding onto the previously dormant pool.

How to Participate

Here’s the 101 on how to participate, exactly step by step. You’ll notice that by following this flow, you not only farm DINO but you also are able to farm Aavegotchi’s FRENS points (leading to potentially winning valuable Aavegotchi NFTs like Haunt 2 Portals and REALM parcels).

Step 1: Go to quickswap.exchange and choose > Pools > Add Liquidity.

Step 2: Deposit GHST and ETH equally into the GHST-ETH liquidity pool.

Step 3: In return, you receive GHST-WETH LP tokens.

Step 4: Take those LP tokens and stake them at aavegotchi.com/stake-polygon

Step 5: In return, you earn FRENS points and you get stkGHST-WETH tokens

Step 6: Deposit those at dinoswap.exchange > Fossil Farms to farm DINO

BONUS: Send your DINO to the GHST Extinction Pool to earn even more GHST!

In Conclusion

We’re big believers in the power of DeFi and farming when constructed thoughtfully with all incentives properly aligned. DinoSwap stands out from the crowd with a well crafted DEX aggregator that doesn’t vampire value but actually benefits fellow participants on the network.

Their focus on aligning with quality projects and the success of their AMA in the Aavegotchi discord speaks to the amount of big brains involved.

If you’re a long term believer in the sustainability of decentralized finance, the power of Polygon Network, and of course, the absolute basedness of Aavegotchi then this is a collaboration worthy of your attention.

We’re excited for DinoSwap’s launch and wish them well. The conversation continues in our Discord at the dedicated frens channel for DinoSwap. Join to raise questions, share ideas and maybe make some proposals in the fast growing AavegotchiDAO. You’re early, fren!

About Aavegotchi

Aavegotchis 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. Owned by the community, Aavegotchi is governed by the AavegotchiDAO and the native eco-governance token GHST. Summon your first Aavegotchi today and join the future of playable NFTs staked with DeFi!

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