Aavegotchi

Author: dark_pet (forum) / Pressure#2880 (Discord) Gotchi ID: 7972 (Dark)

Link: https://dao.aavegotchi.com/t/peer-to-peer-trading-widget/1067

Proposal Description:

There are several possible ways to interact with other users within the Aavegotchi community, and one such way includes the purchasing or selling of Aavegotchis, portals, and other items on the Baazaar. In this transactional exchange, User A may list their asset in the Baazaar for a particular price in GHST that can then be purchased by User B. This transaction takes place without a formal discussion between Users A and B; one user posts, the other person purchases, and the transaction executes.

Throughout my time in the Discord, I have noticed numerous users attempting to try to negotiate “trades” with other users. The prime conundrum users attempting to trade are currently facing is that there is no safe and trustless way to transfer in-app assets. Other than manually transferring assets from user-to-user, the only available option for these users includes the transferring of in-app assets to a vetted third-party/intermediary within the community (such as a developer or community leader) who then collects the assets/funds from both parties and allocates them accordingly. However, this introduces both inconvenience (to all three parties) and the risk of human error (i.e., mistyping an address, or sending the incorrect asset).

My proposal is to create an in-app “Trade” widget, wherein users who have made an agreement off-app, for example on Discord or other discussion/social media platforms, can propose trades to other users. If accepted, the trade will process and the assets/funds will be transferred from each user to the other user in the agreement.

With this widget, there are innumerable possibilities. For instance, users can trade Aavegotchis, items, and even GHST, FRENS, or raffle tickets with one another. Gotchi for GHST, Gotchi for raffle tickets, portals for Aavegotchis, FRENS for items, etc.

Another possibility could be to “propose” trades, wherein users will have the option to open any individual’s Gotchi or Portal page and propose a trade. A great example of this is in Fantasy sports, where users are able to accept or reject trades made by other users.

Another possibility could be to have the “Trade” option listed for every asset listed on the Baazaar, so if a user does not want to spend the listed amount in GHST for a particular listed asset, they can propose a trade. For example, if an Aavegotchi is listed for 10,000 GHST, a user can propose a Trade countering the 10,000 GHST listed price and instead offering up a rare Haunt 1 portal.

Ultimately this will provide users with a standardized, trustless mechanism for trades that allows for more flexibility with what they can do with their in-app assets, while mitigating the risks associated with transferring assets to other random users.