AGIP-3: Increase DAICO Tap from 100K DAI / month to 150K DAI / month to support monthly purchases of 50K DAI worth of GHST
Player rewards and liquidity incentives are crucial to bootstrapping the Aavegotchi ecosystem to a level where it becomes self-sustained on trading volume and economic activity.
Whenever GHST is spent in the Aavegotchi ecosystem, 33% of it is automatically sent to a burn address. Unlike most cryptocurrencies, burning GHST (except via the bonding curve) does not actually lower the total value of GHST, since that value is stored as DAI within the bonding curve.
What burning does do is trap DAI within the bonding curve, essentially increasing the reserve ratio over time, which stabilizes the price of GHST.
In order to offset the burning (which could ultimately turn GHST into a stablecoin), we advise the community to increase the tap to 150,000 DAI per month. This will help balance the reserve of the bonding curve, while also providing an extra 50,000 DAI per month that can be put towards player rewards and liquidity incentives.
Our recently-announced Rarity Farming player reward bonus of 50,000 GHST is a great example of this, as is the Matic liquidity migration incentive of 50,000 USD we are offering starting January 29.
Please signal whether or not you support this modification to the Aavegotchi DAICO bonding curve.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xfd7d...3A3780 | 0.00 | Increase tap to 150K DAI / month |
 0xfC62...7105f1 | 0.00 | Increase tap to 150K DAI / month |
 0xfB5A...450F3D | 0.00 | Increase tap to 150K DAI / month |
 0xFB3F...E76213 | 0.00 | Increase tap to 150K DAI / month |
 0xfABB...F669c6 | 0.00 | Increase tap to 150K DAI / month |
VOTE POWER
Proposal Status
- Mon January 11 2021, 04:00 amVoting Period Starts
- Mon January 18 2021, 04:00 amEnd Voting Period