Aavegotchi

Author: CryptoGotchi GotchiID: 8612 Quorum requirement: 7.2M Discussion: https://discord.com/channels/732491344970383370/1392863251741802527

1) Summary

Currently, the DAO treasury owns funds worth upwards of 6 million USD. With GHST at 0.21 USD, it takes less than 2.0 million USD to acquire 9 million GHST and take complete control of our DAO - and with that, our treasury. Our non-GHST holdings are upwards of 3 million USD, so this is already, right now, a lucrative attack waiting to happen.

In addition, the DAO has - over the past few years - voted to give out at least 4.43 million USD worth of crypto to projects that either ended up doing something completely different, ended up being much more expensive than initially advertised, or simply did not deliver at all. To put that into perspective, at today’s GHST prices, that amount is equivalent to over 10 (!) seasons of Rarity Farming. The little successes we had were few and far between. We have also repeatedly refused to implement or insist on any safeguards, guarantees, or KYC when it comes to funding projects (the AGP tried at least 3 separate times and was voted down every time).

Therefore, it is clear that the funds of the DAO would be safer in the hands of its individual members than as part of a Snapshot-controlled treasury. In order to prevent future (intentional or unintentional) exploitation of the DAO’s naivety and goodwill, this proposal plans to distribute a part of the treasury to the individual DAO members.

2) Definitions

2.1 “Executor” means the DAO multisig.

2.2 “Eligible Wallet” means any wallet that voted on AGIP 146 or any AGIP thereafter up to and including this AGIP.

2.3 “Snapshot Time” means November 5, 2025, 2:56:39 PM UTC (snapshot time as per signal proposal).

2.4 “Combined VP” includes VP on Base, GHST holdings on Polygon (same as the previous GHST-related snapshot strategies on Polygon), as well as GHST in Gotchi Pockets on both Base and Polygon.

2.5 “Voting Percentage” is the number of eligible proposals a wallet voted on divided by the number of total eligible proposals. Eligible proposals are signal proposals and core proposals that resulted in a passed AGIP, excluding proposals for which Snapshot voting data is no longer available. Some proposals were mirrored to the GotchiVault snapshot. Votes on those mirrored proposals count as votes on the original Aavegotchi proposals.

2.6 “GitHub Repository” means the GitHub repository available at: https://github.com/pgendreau/aavegotchi-ptd

3) Implementation Details

To hone in on the exact implementation details, various polls were conducted (PTD-A to PTD-G2). The majority vote of each poll has been respected in this AGIP.

This proposal aims to distribute 1111 ETH of the DAO treasury via 3 pools.

Binding Resolutions:

Resolution A - Data Sources

A.1 The GitHub Repository shall provide: (a) the contract address of a distribution smart contract deployed on Base, with source code publicly available and verified on BaseScan; (b) the Merkle root for the distribution; and © documented source code for determining the distribution amounts.

A.2 A dashboard showing the distribution amounts may be provided by coderdan.

Resolution B - Total Distribution Amount

B.1 The DAO shall allocate a total of 1111 ETH for distribution under this AGIP.

B.2 The distribution amount shall be distributed via three pools, each intended to represent approximately one third of the distribution amount (allowing for slight rounding errors).

Resolution C - RF Pool

C.1 The RF Pool budget is 370.33 ETH.

C.2 74.07 ETH shall be distributed via Gotchi Battler (as voted on in PTD-G2).

C.3 296.26 ETH shall be distributed based on Rarity Farming performance on Season 12 Round 1 (as voted on in PTD-F). For each Gotchi, its weight is calculated by the standard RF equations.

A Gotchi’s reward from each leaderboard is then determined by:

• 185.16 ETH * BRS_weight / total_BRS_weight, where total_BRS_weight is the sum of the BRS weights of all Gotchis owned by Eligible Wallets (that are in the top 7500).
• 74.07 ETH * KIN_weight / total_KIN_weight
• 37.03 ETH * XP_weight / total_XP_weight

Resolution D - Holdings Pool

D.1 The Holdings Pool budget is 370.33 ETH.

D.2 The Holdings Pool shall be distributed based on Combined VP at the Snapshot Time.

D.3 The individual distribution amount is calculated by: 370.33 ETH * combined_VP / total_combined_VP, where total_combined_VP is the sum of the Combined VP of all Eligible Wallets.

Resolution E - Long Term Holders Pool

E.1 The Long Term Holders Pool budget is 370.33 ETH.

E.2 The Long Term Holders Pool shall be distributed based on Combined VP at the Snapshot Time weighted by Voting Percentage (based on poll PTD-B).

E.3 People who migrated their wallet from an older wallet to a new wallet (e.g., in response to a compromised wallet) are given the opportunity to migrate their voting history to the new wallet by filling out this form for wallet linking: https://docs.google.com/forms/d/e/1FAIpQLSegLtKGrhb0GQHiWBse1noqXd1ypDuoSthVtVXG5rz19eOGlw/viewform

E.3.1 Submissions for such linking requests will close 72 hours prior to the end of the voting period for this AGIP.

E.3.2 A verified wallet linking request will only affect the Long Term Holders Pool and will cause the Voting Percentage of all but the newest wallet to be set to 0.

E.3.3 Verification is done via a public review process.

E.4 The individual distribution amount is calculated by: 370.33 ETH * weighted_combined_VP / total_weighted_combined_VP, where weighted_combined_VP is combined_VP * voting_percentage and total_weighted_combined_VP is the sum of the weighted_combined_VP of all Eligible Wallets.

Resolution F - Eligibility Rule (Applies to All Pools)

F.1 To be eligible for the distribution, a wallet must be an Eligible Wallet.

F.2 The final distribution amounts per wallet will only become available after the conclusion of this AGIP.

Resolution G - Claiming Window and Recovery of Unclaimed Funds

G.1 The distribution will be available to claim for Eligible Wallets via smart contract on Base for 3 months. The 3-month claiming period was voted on in PTD-E.

G.2 After those 3 months, the DAO may claim back any leftover funds from the contract.

Resolution H - Source Assets and ETH Conversion

H.1 The Executor shall convert enough DAO-held WETH, rETH, and stETH into ETH to reach a total of 1111 ETH available for distribution.

Resolution I - Bridge to Base

I.1 The Executor shall make the distribution amount available on Base by bridging enough ETH to Base to reach the full amount of 1111 ETH.

Resolution J - Conversion to Cover Outstanding Liabilities

J.1 After completing Resolution I, the Executor shall convert the remaining WETH, rETH, and stETH (that are not part of the distribution amount) into USDC to be able to cover outstanding liabilities.

J.2 If, due to ETH price movements, that USDC does not cover all outstanding liabilities, the Executor shall use DAI (or USDC) from 0x62de034b1a69ef853c9d0d8a33d26df5cf26682e to cover the remainder.

Resolution K - Distributor Contract Deployment and Funding

K.1 The Executor shall call the function createDistributor() of the provided smart contract, which will include a transaction value of 1111 ETH. This will deploy and fund a copy of the distribution contract on Base.

K.2 One of the inputs of createDistributor() is the Merkle root, which must match between the GitHub Repository and at least one other independent source (e.g., a Merkle root created from the dashboard data).

K.3 After the conclusion of this AGIP, deployment of the distributor contract shall commence as soon as possible, but not prior to the appointment of the new Director (AGIP 154).

Resolution L - Salvatorius Clause

L.1 If any provision of this AGIP is or becomes invalid, illegal, or unenforceable, the remaining provisions shall not be affected or impaired thereby.

L.2 The DAO intends that any provision of this AGIP that is found to be invalid, illegal, or unenforceable be replaced, to the extent possible, by a valid and enforceable provision that most closely reflects the original economic intent of this AGIP.

L.3 The AGIP shall otherwise remain in full force and effect, and the remaining executable provisions shall be executed as written, as if such invalid, illegal, or unenforceable provision had never been included.

L.4 To determine any replacement provision(s) as referenced in L.2, one or more future Snapshot polls or proposals (an AGIP is not required) may be used to define and approve the valid and enforceable replacement provision(s), including any practical execution mechanism(s), provided that such replacement provision(s) are consistent with the original economic intent of this AGIP.

L.5 Notwithstanding anything else, no future poll nor proposal (including any poll or proposal referenced in L.4) may reduce, claw back, cancel, or otherwise cause the distribution amount of 1111 ETH to not be distributed. Any replacement provision(s) shall preserve the intent that the full distribution amount is distributed, and shall only modify the method, timing, eligibility computation mechanics, or allocation mechanics as strictly necessary to achieve a valid, lawful, and enforceable distribution consistent with the original economic intent of this AGIP.

L.6 For avoidance of doubt, if any Pool (RF Pool, Holdings Pool, Long Term Holders Pool) or any sub-mechanism within a Pool is affected by invalidity, illegality, or unenforceability, the remaining Pools and unaffected sub-mechanisms shall remain in full force and effect and shall be executed as written, and any replacement provision(s) shall apply only to the affected Pool(s) or mechanism(s), to the minimum extent required.