Creation of an Aarcade DAO

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. As suggested before by @CoyoteDev, @rootdraws and @ricJones_Grizzy, with a dedicated Aarcade DAO, composed by a trusted group of aarchitects, it would be possible to organize rewarding periodic events and support the active growth of the development community. That would lead to a more extensive and better quality series of mini-games.

Although this may sound like a lot of work, it could be initiated with something very simple, like allocating a budget from the main DAO funds to stake and generate FRENS. Those could be then transformed into raffle tickets and given away to mini-game players through periodic events.

To read previous discussions about other incentives or payment systems suitable for an Aarcade type of structure, please check this thread:

This thread is meant to start a conversation and gather opinions/ideas about the topic, so please feel free to share your thoughts!

14 Likes

I think this is a very appropriate and humble start for the Aarcade DAO.

6 Likes

So receiving funds from the main DAO, the AarcadeDAO can stake those GHST to generate FRENS, which in turn can be exchanged for raffle tickets. Those tickets can then be distributed as prizes correct?
At the same time, we can maintain the pay2play/ free2play fee structure, depending on what choice the dev/team chooses.
The collected fees can then be divided as some portions goes to rewards, some goes for development team and some goes to AarcadeDAO treasury

4 Likes

Sounds ideal really. Imagine in the future where indy devs can apply for funding from the AarcadeDAO :smirk:

7 Likes

That would be awesome! Even if we reach the point where many people want to develop new games, the Aarcade DAO could allocate certain budget per season to sponsor new content creation. Bottom line, IMHO we should start building the structure needed to grow in this direction earlier rather than later.

3 Likes

Yeah I love the idea of a sub-DAO / Committee for the Aarcade. The FRENS Committee already got a lot of support from the community, but I think that was just the beginning. Definitely makes sense to let select groups manage smaller parts of the ecosystem with dedicated funds. Has my support!

4 Likes

So should we stick with current DaoHaus version ? Currently one needs MATIC to make a proposal and even invite people in

The DaoHaus setup isn’t ideal in my opinion. Feels too slow and clunky.

There are more updated tools we can use, but will need to look into it more. Which DAO tools will the Frens commitee use @Moon ?

I love this idea and would really enjoy contributing to the committee. What do you think about the following as a pilot test:

The DAO Treasury stakes 110,000 GHST (out of its current 557k) on Aavegotchi to earn FRENS
The FRENS are used to buy 300 Drop Tickets and 6 Godlike tickets every 30 days
The 300 drop tickets are designated as rewards for everyone in the top 50 across the 6 minigames (50 drop tix/game)
The monthly winners across each minigame are rewarded with a Godlike ticket in addition to the drop ticket
This will incentivize ongoing engagement with the minigames and the platform while not incurring a net loss from the DAO Treasury
The dilution of FRENS/tickets is acceptable in that actively engaged community members are reaping the benefits

5 Likes

Currently if the raffles are ongoing then it would be a good idea.
However staking all the treasury to FRENS does not seem a good idea. IMO its too risky as treasury.

Curious what you think the risk of single-staking GHST is? The contracts are solid and tbh if they were to be hacked, I think the losses would be much greater than just the DAO treasury.

Now I come to think of that. It is easy to draw the staked GHST in order to pay the minigame developments so it may not be that risky I think.

Would this be open for any aarchitect to join?

I would also like to propose that we have not have significant overlap in membership between this committee and the FRENS committee. There may be some conflicts of interest or opportunities for exploitation if there were large voting blocks represented in both. A committee between 11-15 members, similar to the FRENS committee, should have no more than 2 members overlap. I do see some potential benefit to have line of sight into other committee’s projects and decision making process, which is why up to two should be allowed. Thoughts?

4 Likes

im all for creation of Sub-DAO’s to make things more Efficient, doing every single decisions via forum post > snapshot voting takes too much time and effort for every single thing.

2 Likes

I think we should define
how we should assess minigames,
How we should vote and
Also voting structure so that it can also represent the choice of the AavegotchiDAO community.