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Aavegotchi’s Proposal for GHST Joint Curve Closure Receives Strong Community Support

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On February 28, it was reported that the proposal of Aave Ecological NFT game Aavegotchi to close the GHST joint curve of the protocol token had been voted, an…

Aavegotchi’s Proposal for GHST Joint Curve Closure Receives Strong Community Support

On February 28, it was reported that the proposal of Aave Ecological NFT game Aavegotchi to close the GHST joint curve of the protocol token had been voted, and the final support rate of the proposal was 91.17%.

Aavegotchi’s proposal to close the GHST joint curve has been voted

Interpretation of the news:


On February 28th, the Aavegotchi community voted in support of the proposal to close the GHST joint curve of the protocol token. The Aavegotchi team announced that the proposal had received a final support rate of 91.17%. Aavegotchi is a blockchain-based NFT game that is built on top of the Aave protocol. The game is centered around players interacting with their virtual Aavegotchi creatures, which are represented as NFTs.

The GHST token is an ERC-20 token that is used within the Aavegotchi ecosystem. It is used as a medium of exchange for purchasing and trading Aavegotchi NFTs. The GHST joint curve, on the other hand, is a mechanism that is used to control the supply of GHST tokens. It involves a bonding curve that ensures that the price of the GHST token increases as the supply of tokens decreases.

The proposal to close the GHST joint curve was put forth by the Aavegotchi team in order to combat the high gas fees that have been plaguing the Ethereum network. The team argued that the GHST joint curve was contributing to the high gas fees by creating a lot of demand for GHST transactions. By closing the curve, the team hopes to reduce the demand for GHST transactions and thus reduce the gas fees.

The strong support for the proposal among the Aavegotchi community is a testament to the community’s commitment to the development of the ecosystem. It also shows that the community is willing to make tough decisions in order to improve the user experience within the ecosystem. The proposal is a step in the right direction towards making the Aavegotchi ecosystem more accessible to a wider audience.

In conclusion, the strong community support for the proposal to close the GHST joint curve in the Aavegotchi ecosystem is a positive development. It shows that the community is willing to take bold steps to address the challenges facing the ecosystem. The closure of the curve is expected to lead to a reduction in the gas fees on the Ethereum network and improve the user experience for Aavegotchi players. It remains to be seen how the closure of the curve will impact the GHST token’s price and overall ecosystem, but it is certainly a development worth following closely.

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