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Aavegotchi’s Proposal to Close GHST Joint Curve Token Receives Strong 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…

Aavegotchis Proposal to Close GHST Joint Curve Token Receives Strong 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

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On February 28, the Aave Ecological NFT game Aavegotchi proposed to close the GHST joint curve of the protocol token. The proposal received significant support from the Aave community, with a final support rate of 91.17%. The closure of the GHST joint curve will affect the token’s liquidity, and the decision to close it was not taken lightly.

Aavegotchi is a pixelated ghost-creature NFT game where users can create, customize and compete with their own Aavegotchi creatures. Aavegotchi has a strong community, and it is one of the significant projects in the Aave ecosystem. The project aims to merge the world of non-fungible tokens (NFTs) and decentralized finance (DeFi). Aavegotchi integrates various DeFi protocols, allowing users to lend and borrow assets, as well as earn yield on their NFTs.

Aavegotchi’s proposal aims to close the GHST joint curve of the protocol token. A curve is a mathematical equation that defines how a token’s price changes as its supply changes. The GHST token is the governance token of Aavegotchi, and it is used to vote on proposals that affect the project. The GHST joint curve is a liquidity pool that allows users to trade GHST tokens for stablecoins like USDC and DAI. The curve ensures that the price of GHST is pegged to a stablecoin’s value, reducing price volatility.

According to Aavegotchi’s proposal, the GHST joint curve’s liquidity pool is inadequate, causing an imbalance in the token’s supply and demand. Inadequate liquidity leads to price slippage, making it challenging for users to trade GHST tokens. The proposal argues that the GHST joint curve’s closure will limit the supply of new GHST tokens and maintain a healthy balance between supply and demand.

In summary, Aavegotchi’s proposal to close the GHST joint curve of the protocol token received strong support from the Aave community, with a 91.17% support rate. The closure of the GHST joint curve will limit the supply of new GHST tokens and maintain a healthy balance between supply and demand. The decision to close the GHST joint curve was necessary to strengthen the token’s liquidity and ensure a stable price. It is fascinating to see how DeFi and NFT projects like Aavegotchi are challenging traditional finance concepts and building a new, decentralized financial world.

In conclusion, the proposed Aave ecological NFT game Aavegotchi closure of the GHST joint curve of the protocol token has received overwhelming support from the community, aiming to control supply and maintain a healthy equilibrium between supply and demand. The project’s focus on merging non-fungible tokens and decentralized finance ensures that financial concepts are being evaluated and redefined for a more decentralized financial world.

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