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Aavegotchi Launches Formal On-Chain Vote on Closing GHST Bonding Curve

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According to reports, Aavegotchi officially announced that with the successful adoption of AGIP64 and AGIP65 (note: these two votes are informal off-chain vote…

Aavegotchi Launches Formal On-Chain Vote on Closing GHST Bonding Curve

According to reports, Aavegotchi officially announced that with the successful adoption of AGIP64 and AGIP65 (note: these two votes are informal off-chain votes conducted in advance on the snapshot), it will launch a formal on-chain vote on Aragon on closing GHST Bonding Curve and allocating its internal DAI reserves.

Aavegotchi: The formal on-chain vote to close GHST Bonding Curve is expected to be launched on March 8

Interpretation of the news:


Aavegotchi has recently announced that it will launch a formal on-chain vote on Aragon. The vote aims to close GHST Bonding Curve and allocate its internal DAI reserves. The announcement comes after the successful adoption of AGIP64 and AGIP65, two informal off-chain votes conducted in advance on the snapshot.

The concept of Aavegotchi is relatively new to the blockchain community. All the more, the news indicates that the project is thriving and expanding. Aavegotchi is one of the newest members of the DeFi niche, a sector within the blockchain industry that provides decentralized financial services. Aavegotchi has revolutionized the market by providing users with NFTs with real value. The NFTs earned can store collateral from Aave, a major player in the DeFi world.

The AGIP64 and AGIP65 are informal off-chain votes conducted in advance using snapshot. The polls sought to determine the opinion of the Aavegotchi community on the proposed changes. The results of these polls were successful, leading to the formal on-chain vote on Aragon.

The closure of the GHST Bonding Curve would mean future avenues for profit earning for investors/holders. The Bonding Curve is a mechanism that may regulate supply and demand of GHST coins in the market. The goal of the committee is to grant maximum profit to the investors, and the off-chain votes indicate that holders are in favor of doing so.

Moreover, allocating internal DAI reserves can diversify the overall benefits of the community. DAI is a stablecoin that provides stability to the DeFi ecosystem, and allocating its internal DAI reserves to profitable investments can increase revenue.

In conclusion, the official announcement by Aavegotchi suggests exciting prospects and developments in the DeFi industry. The success of AGIP64 and AGIP65 indicates that the community recognizes the potential for growth and development in the project, a good omen for future endeavors. The formal on-chain vote on Aragon promises to open windows of innovation and profitability for project holders/investors.

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