Aavegotchi

Authors: jarrod | aavegotchistats.com#9686, Gotchinomics#4936, Slick#2526 GotchiIDs: [6912, 233, 3934] 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/creation-of-an-aarcade-dao/2128/47?u=jarrod

Background

This SigProp was previously created back in June 2022, the proposal did not meet the quorum at the time. This proposal is being re-created as there has been some traction on games developed by community members that would like to utilize player rewards acquired through AGIP16.

Introduction

The open-source nature of the Aavegotchi protocol combined with its on-chain assets provides an excellent foundation for external development efforts. More specifically, third-party developed games can greatly expand the usability of Aavegotchi assets and provide growth to the entire project.

Problem

Through AGIP 16, the DAO staked 100k GHST to generate rewards that could be given out to the wider Aavegotchi community of players for participating in mini-game events. To date, there has been minimal usage of these rewards. This is in part due to lack of:

• Clarity on how game developers can apply for (and be sent) player rewards for their game events,
• A game development focused task force that can help review applications for these player rewards, and,
• New games!!

Solution

This proposal aims to introduce and confirm the Aarcade Taask Force (ATF) who will:

• Control the multi-sig wallet that distributes player rewards to the community and developers,
• Review applications for player rewards to be used in developer games, and
• Provide a supportive platform for developers to discuss, troubleshoot and test their games in the ATF’s Aavegotchi Aarcade discord server.

End Goal & Benefit

The ATF’s objective is to help incentivize the development of more mini-games of a higher quality for the Aavegotchi community to play, share and enjoy. The natural benefit of this is increased utility and growth for the Aavegotchi protocol and its assets. By taking active custody of the 100k GHST from AGIP16, the ATF firmly believes it can help more player rewards get to the community and spur the next generation of Aavegotchi mini-games!

Potential Risks

As we are in the early stages of forming the Aarcade Task Force some potential risks include:

• Mismanagement, theft or loss of rewards (multi-sig wallet helps mitigate this),
• ATF members becoming inactive (signer numbers have been kept low to help ensure the multi-sig remains agile)

Amendment to AGIP 16

AGIP16 did not originally allow for usage of the 100k GHST to directly purchase assets from the Aavegotchi bazaar.

The ATF proposes that for successful stress test and xp/release game events, the following maximum drawdown amounts from the 100k GHST pool can be made (in agreeance with the game developer hosting an event) to purchase additional prizes from the Aavegotchi bazaar to be distributed to players:

• 100 GHST per stress test game event
• 500 GHST per xp/release game event

Note: Purchases will only be made via the Aavegotchi bazaar for maximum transparency.

Fake Gotchi Cards (FGC’s)

Frens generated by the AGIP16 100k GHST were used to enter the last raffle draw for Fake Gotchi Cards netting a total of 87 burn cards that are now available for use as mini-game player rewards. Under this proposal, these cards would also be transferred to the ATF multi-sig.

The ATF intends to allow one card be used per game event to mint a collection that can be distributed to players as the game developer of that event sees fit. A typical use case could be that 100 pieces of art are minted with one FGC and then distributed to the top 100 addresses in a game leaderboard event.

Note: Compensation for artists collaborating on FGC works will be from funding sources outside of the AGIP16 100k GHST (and its rewards pool) and is outside the ATF’s scope. It will be the game developers responsibility to negotiate terms with a collaborating artist.

ATF Members

There will be 7 initial signers for the ATF multi-sig wallet.

These members have all actively participated in the Aavegotchi community for over a year now, come from different backgrounds and consist of experienced developers, security experts and gamers:

Transactions will require 4 out 7 signers to approve before they can be processed.

The ATF multi-sig treasury wallet will be used to:

• Control distribution of rewards from AGIP16 100k GHST Staking,
• Convert GHST to and from wapGHST for GLTR staking, noting the following: The staked ratio to be managed at the ATF’s discretion, and, Only the wapGHST pool will be used for staking ATF to stake for GLTR for now but will review this as the greater Aavegotchi protocol and DAO evolves
• Drawdown on 100K player rewards to purchase Aavegotchi NFT assets from the Baazaar to distribute as player rewards Maximum of 100 GHST for each stress test event Maximum of 500 GHST for each xp/release event
• Minting Fake Gotchi Card art work to be used as player rewards

Conclusion

So what do you think? Should we form the Aarcade Taask Force this time Anon?