Aavegotchi

NOTE: This poll uses approval based voting. This means you can vote for as many options as you wish. This is to prevent the dilution of votes between choices 1 and 2.

With the release of Haunt 2 comes new gotchis that use collateral from the AAVE Polygon market. This opens up the potential for gotchis to take on debt using their spirit force collateral. Spirit force is currently underutilized, with most gotchis simply storing the minimum amount of collateral necessary to keep it alive. Allowing gotchis to take on debt would increase the utility of the gotchis, and would add the potential for gotchis to be liquidated for the sadistic gamblers among us.

Additionally, AAVE has a credit delegation feature which could potentially allow the user to directly borrow assets from AAVE with credit delegated from their gotchi. If this were to be implemented, the credit delegations should be reset to zero upon any transfer of a gotchi to prevent any funny business. Because of the potential implications of this feature, this may not be technically viable to implement. As this is just a signal proposal, we will have to wait for feedback from the developers to decide whether this would be viable.

As an example, one could put 4 ETH of collateral into a gotchi. The gotchi would then be able to borrow up to 3 ETH worth of any asset from AAVE, which would then be able to be transferred to your wallet for you to use for anything your heart desires.

Let’s get liquidated, gotchigang!

Discussion Thread: https://dao.aavegotchi.com/t/proposal-allow-gotchis-to-take-on-debt/2161