Revamp the Aavegotchi Rental Protocol to support Parcels and Wearables
AI summary
This proposal aims to overhaul the Aavegotchi Rental Protocol to support a wider range of NFTs, including Parcels (virtual land) and Wearables (digital clothing/items), in addition to the existing Aavegotchis. The current system is limited and doesn't allow the Aavegotchi DAO to earn revenue from rental activities. The proposed solution involves implementing a custom version of the ERC-7432 standard, which will centralize the management of NFT utility delegation and introduce new features like royalties, non-custodial rentals, and direct rentals.
If passed, the Aavegotchi DAO will be able to collect royalties from NFT rentals, providing a new revenue stream. NFT owners will benefit from more flexible and secure rental options, including the ability to rent out Parcels and Wearables, and retain ownership during rentals. The DAO will gain a standardized way to integrate future NFTs into the rental system. No specific dollar amounts are mentioned for treasury allocation, but the DAO stands to gain from future royalty income.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author: ernani.eth Gotchi ID: #19417 Quorum requirement: 20% (9M) Vote Duration: 8 days XP reward: 20 XP to each AAvegotchi that is in the voter’s wallet Discussion link: https://discord.com/channels/732491344970383370/1142228456491458652
Gm Everyone!
Today, I’m super excited to come here on behalf of Orium Network and unveil a Proposal we have been working on for the past few months: A new Aavegotchi Rental Protocol!!!
Why does the DAO need a new Rental Protocol?
The current Rental Protocol was specifically made for the Aavegotchi use case. It will take a great deal of time to add supp…