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Aave Ecological NFT Project Aavegotchi Proposes GHST Token Decoupling from DAI

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On February 20, it was reported that Aave Ecological NFT Project Aavegotchi initiated a vote on the proposal to close the agreement Token GHST joint curve. The…

Aave Ecological NFT Project Aavegotchi Proposes GHST Token Decoupling from DAI

On February 20, it was reported that Aave Ecological NFT Project Aavegotchi initiated a vote on the proposal to close the agreement Token GHST joint curve. The proposal believes that after two years of development, Aavegotchi DAO has sufficient maturity and liquidity to meet the development of the project. Therefore, it is proposed to close the GHST joint curve, decouple GHST from DAI, fix its supply, and make GHST become a free circulation token.

Aavegotchi initiated a vote on the proposal to close the GHST joint curve

Interpretation of the news:


The Aave Ecological NFT Project Aavegotchi has recently initiated a vote on the proposal to close the agreement Token GHST joint curve. The proposal states that after two years of development, Aavegotchi DAO has achieved sufficient maturity and liquidity to meet the needs of the project. Therefore, it is proposed to decouple GHST from DAI and make GHST become a free circulation token.

This proposal is significant for the Aavegotchi community because it aims to address some key challenges that the project has been facing. One of the primary challenges has been the fluctuations and volatility of GHST token prices due to its dependence on DAI. DAI is a stablecoin that is pegged to the US dollar, but it is often influenced by market forces, which can impact the value of GHST.

The proposal also aims to fix the supply of GHST tokens, which is another key challenge that the project faces. The current supply of GHST is 50 million tokens, and it is expected to remain the same after the decoupling from DAI. This fixed supply can help to stabilize the value of GHST and make it more attractive to investors and collectors.

The proposal has already received a lot of support from the Aavegotchi community, and there are high hopes that it will be successful. The decoupling of GHST from DAI will be a significant milestone for the Aave Ecological NFT Project Aavegotchi, and it will open up new opportunities for the project in the future.

In conclusion, the proposal to close the agreement Token GHST joint curve and decouple GHST from DAI is a positive development for the Aave Ecological NFT Project Aavegotchi. It is a crucial step towards stabilizing the value of GHST and making it a more attractive investment option. The proposal has already gained significant support, and it is expected to be successful.

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