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Aavegotchi · closed proposal

AGIP-3: Increase DAICO Tap from 100K DAI / month to 150K DAI / month to support monthly purchases of 50K DAI worth of GHST

0x027F…660c·ended 5y ago
Voters
380
GHST voted
0
Token price
$0.04

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Increase tap to 150K DAI / month0 (0.0%)
Leave it at 100K DAI / month0 (0.0%)
0 GHST · 380 votersblock 11653277

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Aavegotchi

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 th…

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