Aavegotchi

Author: Juliaan, Bobaa, AAdam and GotchiID: 13700 Quorum Requirement: 20% (9M) Vote Duration: 7 Days

Reference Material In-depth Proposal: https://docs.google.com/document/d/1DNBWdtrHezAYu7uSOpPYhQlISdsNJ-Tc_C9LcmIdTJk/edit?usp=sharing

ApeBond Documentation: https://docs.ape.bond/apebond/products-and-features/bonds

Liquidity Health Dashboard: https://ape.bond/liquidity-health/1/0x3f382dbd960e3a9bbceae22651e88158d2791550

AaveGotchi Trajectory Report: https://apebond.notion.site/AaveGotchi-Trajectory-Report-4008dc24d6874e6086c106224717d057

Proposal Summary: This proposal presents a strategic initiative to allocate DAI from AaveGotchi DAO’s Liquidity Wallet to bond into QuickSwap LPs through ApeBond’s Bonding mechanism. The aim is to enhance the depth of GHST-USDC liquidity pool, thereby bolstering AaveGotchi’s Protocol Owned Liquidity (POL), reinforcing the GHST token, and fostering community growth.

Objectives:

• Bonding Permanent Liquidity: Implement a pilot bonding program to ensure market stability.
• Leveraging ERC-5725: Use this standard to issue NFT Bonds, with GHST tokens vested over 60 days.
• Addressing Liquidity Debt: Resolve GHST’s $1.29M Liquidity Debt to establish a sustainable trading environment. Can be viewed in the Liquidity Health Dashboard. What is Liquidity Debt? Review in AaveGotchi Trajectory Report link above.
• Community Engagement: Integrate Bond NFTs with AaveGotchi through creative means listed in the extended proposal, but are not limited to or binding to this proposal.

Proposal Overview: Phase 1: Pilot Bond Sale with $250k DAI allocation in QuickSwap LPs. Phase 2: Reviewing Status Report demonstrating pilot Bond’s performance. Review current liquidity health. Recommending additional DAI allocation to close GHST’s remaining liquidity debt.

Execution Strategy:

• Collaborate with the community and governance
• Pilot Bond Sale targeting $232k - $250k+ POL
• Develop GHST-USDC LPs on Polygon
• Regular updates via a dashboard and DAO forums
• Aim for 93% - 99% Return on Polygon

Bond Sale Details:

• Duration: 30 days (4 weeks)
• Bond Token: $250k DAI -Vesting: 60 days linear
• Raise Asset: GHST-USDC Quickswap V2 LPs
• Fee: 0% Front end fee / 5% Success Fee

Key Performance Indicators (KPIs):

• DAI Bond Return on Emissions (ROE): 93-99%+
• Liquidity Debt Reduction: 10%+
• Unique User Wallets: Increase to 300+

Timeline: Week 1: Grant funds distribution and pre-launch marketing campaign. Week 2: Launch of Bond Sale Phase 1. Week 3: Operational bond metrics dashboard; first status report. Week 3-5: Ongoing marketing campaign. Week 5: End of Bond Sale Phase 1; status update in AaveGochi DAO forums. Week 6: Submission of Phase 2 proposal - Closing the Liquidity Debt for good…

Main takeaways and reasons to bond stables:

• Pull tokens from circulating supply
• Better returns than market buying native assets to add liquidity
• Consistent buy pressure
• Community building and engagement

Action:

• Send 250k worth of DAI should be sent to our partner wallet that’s in charge of managing funds: (polygon) 0x907cEc57456ADb5484921771d692a74c2Dd0d107
• Provided ApeBond with a wallet address to send back raised LPs to AaveGotchi.

Conclusion: AaveGotchi DAO Liquidity Incentives Proposal for ApeBond seeks to enhance the existing on-chain liquidity of the GHST token by strengthening Protocol Owned Liquidity.

Through ApeBond’s mechanism, we aim to solidify GHST on-chain liquidity, protect against market volatility, and foster the growth of the Aavegotchi community by attracting new users and traders to the ecosystem. For a more in-depth read, please review In-Depth Proposal, link above.