Aavegotchi

Author: Moon#5262 Gotchi: 3541 (Moon) Discourse Thread: https://dao.aavegotchi.com/t/adding-new-collaterals-awbtc-axsushi-as-spirit-force/1191

This is a proposal to add two new aTokens, specifically aWBTC and axSUSHI, as Spirit Force to Aavegotchi. The advantages of adding new collaterals should be pretty clear:

• We get to include more communities, especially of DeFi projects that share the same values as us.
• Players can summon an Aavegotchi while still being exposed to the price of their favorite token.
• A higher diversity of Aavegotchis. This could also give haunts distinct value since the odds of getting a specific collateral change.

I chose aWBTC and axSUSHI for the following reasons:

• aWBTC: Bitcoin is the mother of all crypto assets. As the largest cryptocurrency and the 4th largest Aave pool by market size, this is a no brainer in my opinion. It’s the most conservative crypto investment and the first choice for anyone dipping their toes into the space.
• axSUSHI: They are one of the most recent additions to the Aave liquidity pools and have already grown to be one of the largest. What started as a simple Uniswap fork has now become one of the leading innovators. Since axSUSHI is the aToken of staked SUSHI (xSUSHI), players will earn staking rewards (currently ~4.83% APY) on top of the Aave yield.

The largest downside is the low yield on both of these assets, which is a common trend for speculative tokens. aWBTC is at around 0.16% APY right now, with axSUSHI generating ~0.01% yield on Aave. axSUSHI makes up for this with the staking rewards (~4.83%), which puts it at rank 2 in terms of yields of non-stable assets (just after aSNX with ~5.51%).

Another drawback is that this proposal could take some time for the devs to implement (adding them to Gotchis and bridging the aTokens to Matic) - time that might be spent building minigames and the realm.

Since the implementation would depend on different factors (amount of dev work, launch of new haunts, etc.) I can’t give an exact timeline for this proposal. Would be great to have it included in haunt 2, but this is ultimately up to the team.

If you’re unhappy with my choice of aTokens, keep in mind that we can always create proposals for new collaterals in the future.

If you support this proposal, vote for Option 1 (“Yes, add aWBTC and axSUSHI”) If you do not support this proposal, vote for Option 2 (“No, don’t add new collaterals”)