Aavegotchi is a DeFi-enabled cryptocurrency collection game that allows players to exchange avatars for non-fungible tokens (NFTs) and interact with the Aavegotchi metaverse.
Aavegotchi NFT
Before you can raise a pixel ghost baby, you need to summon it with a portal. Portals can be purchased in one of the following ways:
- In an auction
- In a drop ticket raffle
- At the Baazaar (Marketplace)
Aavegotchi (Gotchi) are pixel ghosts that live on the Ethereum blockchain and are backed by the ERC-721 standard. Their value is determined by their rarity level, which is calculated using multiple factors such as base traits, pledge/token amount, and equipped wearables.
Aavegotchis have three attributes that determine their overall value and rarity in the Aavegotchi universe:
Collateral Stake. Each Aavegotchi ERC721 NFT manages an escrow contract address that holds an ERC20 collateralized Aave pledge, or “aToken”. The aTokens generate revenue through Aave's LendingPool, which increases the number of aTokens stored in the wallet. Thus, the number of aTokens stored at Aavegotchi's escrow address grows over time.
Character Traits. Aavegotchi possess a variety of traits that affect their rarity, performance in minigames, and the wearable items they can equip. Some are randomly generated at birth, while others depend on the user's interaction with the gotchi.
- Random Traits: At birth, each Aavegotchi is assigned a number of random trait values using the ChainLink VRF random number generator. The trait values are distributed on a bell curve, and each trait is assigned a value of “Common”, “Uncommon”, “Rare”, or “Mythical” depending on its rarity.
- Kinship: “Kinship” is not assigned randomly, but starts at a fixed value (50) at birth and increases or decreases depending on various factors such as how long the Aavegochi has been with the same owner and how often it interacts with them.
- Experience: Aavegotchi increase their level by gaining more experience through voting on AavegotchiDAO and participating in mini-games. Every three levels, gotchis gain one spirit point, which can be spent to increase or decrease a certain trait.
Wearables. In addition to managing aToken escrow, Aavegotchi also extends the ERC998 Composables standard that allows them to manage child NFTs, known as wearables. Not every wearable can be equipped with every gotchi. Some wearables can only be equipped by aavegotchi stabbed with certain collaterals, of a certain level, and with certain character traits. Some wearables can increase or decrease certain characteristics of a gotchi. For example, equipping a sword may slightly increase an aggressiveness, while equipping a Bob Marley t-shirt may decrease its energy level.
The relationship between related items, traits, wearable items, and affinities is best visualized as an onion diagram. Each layer builds on the previous ones, and the end result is the aavegotchi itself.
GHST token
The GHST token is an eco-governance ERC-20 token that manages the entire Aavegotchi ecosystem.
Ownership of GHST gives the holder voting rights in AavegotchiDAO at the rate of 1 vote per token. GHST is also the main settlement currency for NFT trading on the Aavegotchi marketplace.
Incentivizing users plays a huge role in any project. In this case, GHST provides economic incentives to encourage greater participation in the ecosystem. Specifically, the token helps align the respective goals of AavegotchiDAO, GHST holders, and Gotchi owners.
Players must buy GHST and spend it in the ecosystem. A portion of these funds are transferred directly back to the DAO to continue funding the development of the ecosystem. At the same time, a portion of the value is distributed as a reward for wise management in the DAO, and as a reward for participating in the cultivation of rarities.
Aavegotchi Marketplace
This is the official secondary marketplace for Aavegotchi. Each new listing on the Marketplace is charged 0.1 GHST, which is burned.
When an item is sold, the seller receives 96.5% of the sale price to their wallet. The remaining 3.5% is distributed as follows:
- 2% - Pixelcraft Studios
- 1% - AavegotchiDAO
- 0.5% to the Rarity Farming rewards fund.
All listings have a minimum price of 1 GHST. If a seller wants to price an item below 1 GHST, multiple items must be listed so that the total listing price is at or above 1 GHST.
Buyers can buy 1, some or all items from multiple listings.
Aavegotchi Game Center
The Center serves as a hub for all games in the Aavegotchi ecosystem. It includes a catalog of Gochi-themed games, both existing and in development.
Designed with players and developers in mind, the Game Center contains new games for players and also offers developers a place to showcase their projects.
Before the Game Center, developers in the community freely came together to create mini-games.
Aavegotchi Ecosystem
Bridge
Bridge is software that allows assets to be transferred from one blockchain to another.
The original plan was to launch Aavegotchi on Ethereum Mainnet on January 4, 2021. Due to the high cost of gas, the community voted to launch the project on the Polygon Network. This decision resulted in the need to transfer assets from one network to another.
Aavegotchi Bridge is an official bridge created by Pixelcraft Studios. It currently allows the transfer of ERC-20 tokens and ERC-721 assets (Gotchis) from Ethereum Mainnet to Polygon Network and vice versa. The bridge for ERC-1155 (Wearables) will be launched soon.
Gotchi Lending
With the Lending, Aavegotchi owners can lend their NFT to other players and start accruing passive income in just a few clicks, backed by the security of the blockchain.
The Gotchi Lending smart contract is designed so that Aavegochi NFTs are loaned out with limited rights. Borrowers can use aavegotchi to play and make money in the Gotchiverse, but can never steal NFTs. The lender sets the term for which they want to lend their character any upfront fees, and the fee to be split between them and the borrower. Borrowers can browse through the various options and find the aavegotchi with the terms that best suit them.
