Aavegotchi

Author notorious_btc Gotchi IDs: 15320

Discourse Thread https://dao.aavegotchi.com/t/setting-a-fixed-cap-on-new-wearables/4211

Problem

Over the lifespan of Aavegotchi, we’ve endured many wearable dilution events which have negatively impacted our community by:

• Loss of investor confidence (and investors) • Depreciation of asset values • No known schedule for releases, resulting in uncertainty in the markets • In bullish conditions, new wearables would be released, capping our upside growth

It makes sense to have a wearables budget. Something the whole community can see and investors can easily digest. A cap based on total live gotchis was proposed, but in truth it does not accurately depict the true usage of assets.

The community by and large agrees on a budget, however at this moment in time, we don’t have the metrics or data to create one. This budget is likely going to come from data such as daily active users (once PvP is live).

Proposal

This proposal is simple and straightforward:

1. No new BRS-based wearables until the DAO votes on a budget

2. That budget will be developed at a later date once the data is available

The idea is to restore investor confidence and allow us to sleep a bit easier at night, knowing that our assets will not suffer from spontaneous dilution.

Note: this proposal does not include aesthetic wearables, new set creations, or set rebalances (such as Link Marine)

Associated Risks

I don’t see any potential risks for this proposal.