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The @aavegotchi DAICO has been live for a week now 
$GHST is held by over 2400 addr, with ~6M DAI in reserves
but everyone's asking us... why an uncapped, continuous bonding curve? inflation bad, right?
Here’s a
on why you should stop worrying and 
the curve
$GHST is held by over 2400 addr, with ~6M DAI in reserves
but everyone's asking us... why an uncapped, continuous bonding curve? inflation bad, right?
Here’s a
on why you should stop worrying and the curve
1/ What's a bonding curve, and why should it make you cozy?
Bonding curves define a relation between price and supply:
Higher supply --> higher price
BCs typically have uncapped supply bc capping supply also caps price.
Imagine buying the top if you know it's the top...
Bonding curves define a relation between price and supply:
Higher supply --> higher price
BCs typically have uncapped supply bc capping supply also caps price.
Imagine buying the top if you know it's the top...
2/ So how's it work?
Bonding curves are powered by automated market makers (AMM).
They're always on, and always liquid.
if you've ever bought from Uniswap, Curve, or NXM, you've used an AMM.
Tbh, w/o AMMs there would be no DeFi.
So h/t to the galaxy brains at @Bancor...
Bonding curves are powered by automated market makers (AMM).
They're always on, and always liquid.
if you've ever bought from Uniswap, Curve, or NXM, you've used an AMM.
Tbh, w/o AMMs there would be no DeFi.
So h/t to the galaxy brains at @Bancor...
/3 cool story bro, but why does Aavegotchi need a continuous bonding curve? why not cap $GHST at 25M and call it a day?
$GHST is your entry ticket into Aavegotchi. You'll need it to:
1. Buy portals, wearables, consumables
2. Stake to farm $REALM
3. Govern the DAO
...and more
$GHST is your entry ticket into Aavegotchi. You'll need it to:
1. Buy portals, wearables, consumables
2. Stake to farm $REALM
3. Govern the DAO
...and more
4/ Capping the bonding curve would be like Sony capping the number of Playstations they sell
Sure it would make 'em rarer, but fewer people would play their games.
An uncapped supply allows us to onboard an infinite number of players
and remember, price follows supply...
Sure it would make 'em rarer, but fewer people would play their games.
An uncapped supply allows us to onboard an infinite number of players
and remember, price follows supply...
5/ The supply cap meme is hot right now, but we shouldn't lose sight of Aavegotchi's ultimate vision:
to gamify DeFi and NFTs and onboard the masses into blockchain gaming, just like Tamagotchi did for digital pets
it's gonna take a lotta $GHST to do that...
to gamify DeFi and NFTs and onboard the masses into blockchain gaming, just like Tamagotchi did for digital pets
it's gonna take a lotta $GHST to do that...
