Aavegotchi

Author: Mark#4094 GotchiID: 19172 Quorum requirement: 20% (9M) Vote duration: 7 days XP Reward: 20 XP for each Aavegotchi in the voter’s wallet Discourse Thread: https://dao.aavegotchi.com/t/delay-the-3rd-land-auction/4063

Hello frens,

We are fast approaching the end of June when the LAND 3 auction/raffle is scheduled for based on the AGIP30 core prop. However, since this core prop was started (20th May) a lot of things have changed:

• Harvester release has been delayed
• We are in the middle of a bloodbath in the markets
• LAND prices have dropped 30-70%
• LAND bazaar volume has dropped 90%
• There’s been huge selling pressure on alchemica prices

Due to these significant changes in the market, its seems right to allow the DAO to have another emergency vote on whether to go ahead with the LAND auction or not as releasing an auction in this market is very likely to drive down assets prices across the ecosystem.

Coderdan confirmed it is viable to stop the auction but we must act quickly frens:

“My thoughts are that it’s generally not ideal to do a token sale in the middle of a market bloodbath as we are currently experiencing. Assets from all sectors of crypto are down, not just Aavegotchi. We are actually holding fairly strong in comparison. However, the DAO has voted to do this sale, and it passed overwhelmingly, so the DAO will also need to vote to delay it.”