Aavegotchi

Author: Maxicrouton (13700) Quorum requirement: 20% (9M) Vote duration: 10 days

Proposal Details

We have significant Protocol Owned Liquidity (POL) on Quickswap (Polygon network), which is accumulating over $250k in fees (GHST and USDC). Unlike Balancer POL, these fees do not compound automatically and need to be claimed manually.

This proposal seeks to determine the best course of action for these accumulated fees. Below are the options we have identified:

• Do Nothing: Leave the fees unclaimed and unutilized.
• Compound Monthly: Allow the directors to claim and compound the fees every month by re-adding the rewards to the QuickSwap pool on the Polygon network.
• Bridge and Add to Liquidity on Base Network: Bridge the rewards to the Base network and add them to the GHST-WETH liquidity pool on Aerodrome.
• Bridge and Use as Incentives on Base Network: Bridge the rewards to the Base network and use them as incentives for bribing the GHST-WETH pool on Aerodrome. These incentives will be distributed over a period of two months (8 epochs) with equal allocation for each epoch.

Implementation Timeline:

These transactions should be carried out within seven (7) days of reaching a decision, unless extenuating circumstances cause delays.

Voting Options

1. Do Nothing
2. Compound Monthly on Quickswap (Polygon network)
3. Bridge to Base and Add to GHST-WETH Liquidity Pool on Aerodrome
4. Bridge to Base and Use as Incentives for GHST-WETH Pool on Aerodrome (2 Months, 8 Epochs with Equal Allocation Each Epoch)

Thank you for your consideration frens!

Discussion Thread : https://discord.com/channels/732491344970383370/1241028017699033099