The Forge v1.1 - Geodes

Author: Dr Wagmi (Dr Wagmi#6629) Gotchi ID: 16635 Discourse Thread: https://dao.aavegotchi.com/t/the-forge-aalloys-essence-and-smithing-a-massive-proposal/4432 The Forge Whitepaper (WIP as a living document): https://docs.google.com/document/d/1RvlJmCRudFnso45oPU0veBqo-OLwwZiMJDaNBjRhf54/edit?usp=sharing

This signal proposal outlines the Geodes mechanic and a request for 8k GHST for funding its smart contract development, art, user interface, and economics.

The Forge team proposes development and implementation of Geodes in the Forge v1.1 release. The Geode mechanic has the following goals:

• Further gamify distribution of assets, specifically schematics for The Forge launch set
• Directly incentivize smelting and maximize deflationary pressure on alloy
• Creates a novel mechanic for distribution of current and future content. This makes the Forge set specifically unique to obtain, marking its namesake debut
• Add value to individuals directly engaging in the protocol
• Specifically add value to users who may otherwise feel put off by the 10% alloy tax
• Capture market interest in VRF-based mechanisms

The Forge Team’s current vision for geodes is the following:

• There are 6 different rarity tiers of geodes: common through godlike
• A geode is obtained with every smelt
• Users instantly receive the same rarity tier geode as the smelted wearable
• For the initial release, only legendary prizes will be available (Forgor set schematics)
• The mechanic will be further refined so different rarity tiers of prizes will be available

The following are the proposed chances for winning a prize for each geode rarity. Please note the highlighted row is for the initial Forge release where only legendary schematics will be available. As an example, a common geode gives a 0.792% chance of winning a legendary schematic while a mythical geode gives an 86.3022% chance of winning the legendary schematic. If all 400 legendary schematics are allotted to geodes, 2.25% of all wearables would need to be smelted for all schematics to be claimed.

The Forge Team will launch the minimal viable geode as soon as possible to support the Forge release and availability of the Forge set wearables. This will hopefully be soon after the full launch of the Forge.