Stake a part of DAO funds for generating play2earn rewards
Author: Gotchinomics#4936 Gotchi ID: 3934 End Date: September 30, 2021 at 16:00 UTC Discourse Thread: https://dao.aavegotchi.com/t/creation-of-an-aarcade-dao/2128
Problem
Aavegotchi aims to be one of the top Play2Earn projects in the crypto gaming space, being the launch of the Gotchiverse Realm the cornerstone to achieving this long-term goal. However, there is room for improving the short-term possibilities through seasonal gaming events. The main problem is the lack of structure and funds.
Solution
Before creating a dedicated Aarcade DAO, the first step to enable play2earn rewards is to create a sustainable stream of funds. A simple and low-risk solution would be to stake a portion of the main DAO tresury, such as 100k GHST, to generate FRENS. Those could be then transformed into raffle tickets and given away to mini-game players through periodic events.
Potential risks
Staking GHST will indirectly imply a dilution of FRENS/tickets. However, since they would be distributed via mini-game rewards, the impact should be minimal compared to the boost on engagement and appeal to new people.
Alternatives
Wait for the Aarcade DAO to launch and let the new committee decide how to designate funds. However, this alternative option would mean loosing precious time to generate more attractive rewards.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x60eD...fa1EAB | 635,798 | Yes, stake 100K GHST |
 0xf09D...ECf15e | 428,631 | Yes, stake 100K GHST |
 0x329c...543eD4 | 300,870 | Yes, stake 100K GHST |
 0x417a...be8C48 | 283,746 | Yes, stake 100K GHST |
 0x03b1...876253 | 282,995 | Yes, stake 100K GHST |
VOTE POWER
Proposal Status
- Thu September 16 2021, 08:00 amVoting Period Starts
- Thu September 30 2021, 02:00 pmEnd Voting Period
Current Results
1-Yes, stake 100K GHST
9.091M
2-No, wait for Aarcade DAO
223,235.616