This is a draft proposal open for discussion regarding the possibility of obtaining frens from Aavegotchis.
What is the problem?
My thinking stems from the fact that there are two problems that are likely to become more pronounced over time.
First, getting an Aavegotchi is a tough choice for small wallets. Also, having an Aavegotchi is not a guarantee of profitability because Rarity Farming rewards mostly the wealthiest players.
While Gotchiverse can start to create returns for Aavegotchis, I think that today GHSTs are more valuable than NFTs, especially Aavegotchis.
For small portfolios, 1 Aavegotchi is worth nothing outside of speculation and its potential price in the future. If you count the floor price of an Aavegotchi (about 500 GHST), staking 500 GHST yields 500 frens per day, a rare ticket, or about 0.5 GHST.
So if I spend 500 GHST to buy an Aavegotchi, I go from 0,5 GHST per day to 0. Or almost 0 if I’m lucky enough to be ranked in rarity farming which will bring me a few cents anyway.
What could be the solutions?
Keeping an Aavegotchi could pay the holder a certain amount of FRENS.
It would be interesting to pay more FRENS based on Gotchi, but this could induce a new bias of paying the richest. Perhaps based on gotchi age would be the best way to reward older players rather than the wealthiest (e.g. 1 FREN / day / 1000 blocks).
What would be the benefits?
- Encourage players to buy Aavegotchis instead of holding GHST
- Boost the activity of the baazaar
- Increase the floor price of Aavegotchis
What are the risks?
- Having more interest in Aavegotchis without having new Aavegotchis on the market can make it harder to access.
- Less liquidity staked = ? (does it have any downsides?)
What do you think frens? Is it a good idea? Just an interesting thought that needs more study? Or a … complete piece of shit?
Thanks for your time.