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closedEnded 4 years ago ยท Snapshot (Offchain)

Change to Lvl 8 & Lvl 9 Aaltars

By 0xa6ab...4271Fa

Author: CryptoGreen Gotchi Id: 11156

Recommended Altar Level for Spacious is lvl 8 and lvl 9, however out of thousands of Spacious parcels there are only 58 total lvl 8 and lvl 9 altars combined on all spacious parcels so far in the gotchiverse? One would wonder why is that? One could argue its b/c of the price it costs to have lvl 8/9 aaltar but the real reason imo is that its b/c of the structure of the time element on how many times you can channel per day. The current system for lvl 8 altar is that you can channel once every 2 hours which makes it possible to channel 12 times in a 24 hour period. The current system for lvl 9 altar is that you can channel once every hour which makes it possible to channel 24 times in a 24 hour period. Here is where the problem lies, its impossible to be efficient to the max b/c humans need to sleep and so there is no sustainable way where a human can channel 12 times per day with lvl 8 altar, and no way where a human can channel 24 times with a lvl 9 altar with what is implemented currently. This current system also makes it too demanding to manage lvl 8/9 altars and is part of the reason why it is so low in numbers how many lvl 8/9 altars there is in the gotchiverse, although its the recommendation from pixel craft simulations. My proposal would upgrade the current system where more users would be upgrading there Spacious Parcels. How so? By removing the time element. My Proposal is to allow lvl 8 altars to channel up to 12 times in any 24 hour period starting at the 5pm Pst. And lvl 9 altars to channel up to 24 times in any 24 hour period starting at the 5pm Pst. The Pros will outweigh the Cons with this new system.

Pros: More users will upgrade to lvl 8 and lvl 9 b/c its more efficient and easier to manage assets with no time element restrictions of waiting time to elapse before channeling again.

The more users upgrade, the more TVL (Total Value Locked) in the system which is a metric used normally in crypto that the higher this number is the healthier the protocol is and worth investing in.

A boost in amount of users upgrading to lvl 8 and lvl 9 on their parcels would make gltr in more demand and burned which would help cut down supply.

One of the largest benefits in my opinion, even if users didnโ€™t own any parcels in the gotchiverse but owned aavegotchis, is that if this proposal gets passed and users upgrade more to lvl 8/9 aaltars will bring much more demand for aavegotchis. Imagine if 100 upgrades happen from lvl 4 altars to lvl 9 altars. That would increase those parcels to channel additional 2100 gotchis just for those 100 altars. As you can see the demand for gotchis could go up dramatically and gotchiverse assets should in theory go upwards if this happens.

Cons: With more channeling, alchemica can go down much lower as more quanities are sold.

I have few more ideas that I will believe will give great value to all gotchiverse assets if this proposal passes.

Voting options :

  1. Remove time element on lvl 8/9 altars. Allow lvl 8 altar to channel 12 times in a 24 hour period starting at 5pm pst. Allow lvl 9 altar to channel 24 times in a 24 hour period starting at 5pm pst.

  2. Do nothing and keep current system .

  3. Remove time element across all altars, making it less demanding for users to manage their assets in the gotchiverse. Example instead of just passing proposal for lvl 8/9 altars , do it for all. Example lvl 4 altars can channel 3 times in any 24 hour period after 5pm pst.

  4. Another sink for gltr and have the time element eliminated by using gltr fee (must be fairly cheap where it makes sense for users to pay for this service)

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Connect Wallet to Add Note
0
Votes 517
VoterCast PowerVote & Rationale
0xDd56...1eAC63
3.389M

Do nothing and keep current syst

0x06b4...c03D99
242,652

Do nothing and keep current syst

0xd04e...8CC21b
205,131

Remove time element on lvl 8/9

0x60c4...9B30FC
198,221

Do nothing and keep current syst

0x50Be...0aa7B6
158,648

Remove all time element 1-9altar

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VOTE POWER
0
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Proposal Status
  • Sat August 20 2022, 01:27 pmVoting Period Starts
  • Fri August 26 2022, 07:00 amEnd Voting Period
Current Results

1-Do nothing and keep current syst

7.673M

78.7%

2-Remove time element on lvl 8/9

1.072M

11%

3-Remove all time element 1-9altar

725,599.964

7.44%
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