Aavegotchi

Author: FRENS Taaskforce, jarrod | aavegotchistats.com#9686 XP Reward: 20 XP for each Aavegotchi in the voter’s wallet Quorum requirement: 20% (roughly 8.5M according to https://aavegotchi.com/quorum/) Voting duration: 7 days

Discussion: CoreProp Discussion Thread: https://dao.aavegotchi.com/t/coreprop-agip14-issue-frens-for-ghst-matic-lps-on-sushiswap/2602 Original Discourse Thread: https://dao.aavegotchi.com/t/frens-incentive-for-matic-ghst-lp-pair-on-sushiswap/2336

This is the first DAO proposal to be created by the FRENS Taask Force (rebranded from FRENS Committee)

Proposal Details

Motivation

Polygon has been a huge reason behind the success of Aavegotchi. Super low transaction fees paid in MATIC have enabled the team to build a game where there is lots of activity happening on-chain such as petting, bid to earn auctions, Baazaar sales, and storage of the Aavegotchi game art.

As of early September, Sushiswap started offering 2x SUSHI rewards for farming the GHST-MATIC LP pair on Sushiswap: https://app.sushi.com/farm?filter=2x

Specification

The FRENS Taask Force recommends enabling a FRENS incentive to be paid for the GHST-MATIC LP pair on their AMM.

We recommend that the target rate of FRENS paid to the GHST-MATIC LP pair is greater than the target incentive for the GHST-ETH LP pair (120%) but lower than the target incentive for the GHST-QUICK pair (135%).

This is because the Impermanent Loss (IL) risk for GHST-MATIC is higher compared to GHST-ETH but lower compared to GHST-QUICK. We would recommend a target rate of 130% for the GHST-MATIC LP pair.

Currently, the majority of the liquidity for GHST resides on Quickswap. See: https://frens-taaskforce.vercel.app/

This offers a great opportunity to move some of our liquidity over to the widely adopted Sushiswap AMM.

Options

Option 1: Yes, reward GHST-MATIC LPs with FRENS Option 2: No, don’t reward GHST-MATIC LPs with FRENS