[AGIP 61] Launching the Aavegotchi Forge

Author: Dr Wagmi (Dr Wagmi#6629) Gotchi ID: 16635 Quorum requirement: 20% (9M) Vote duration: 7 days XP Reward: 20 XP for each Aavegotchi in the voter’s wallet Discourse thread: https://dao.aavegotchi.com/t/the-forge-aalloys-essence-and-smithing-a-massive-proposal/4432

Completed Forge Whitepaper: https://docs.google.com/document/d/1RvlJmCRudFnso45oPU0veBqo-OLwwZiMJDaNBjRhf54/edit?usp=sharing

I propose that we launch the Aavegotchi Forge! This proposal combines all previous Forge-related signal proposals into a final core proposal. The Core Framework has already been submitted and accepted as a core proposal (AGIP 57). The Completed Forge Whitepaper outlines all Forge mechanics and economics. The Whitepaper will be updated with Forge v1.1- Geodes expansion when the mechanic has been finalized.

The signal proposals included in this core proposal:

The Forge v1.1 – Geodes Funding and Implementation: https://snapshot.org/#/aavegotchi.eth/proposal/0x23655a075cd863a6c91f5a55557413c2b20b6cf3d41ab12c575437b321e9b851

Forge Raffle Strategy and Revenue Splits: https://snapshot.org/#/aavegotchi.eth/proposal/0xfd80fb620a1bfc80f1796d5f3cdc47bb62223e7ccbb8333bd4d7deb76c9f1fd9

The Forge- Fee Structure and Burn/DAO Percentages: https://snapshot.org/#/aavegotchi.eth/proposal/0x5436b9282dc8bff710b89110a9bcfd81010fe606f4306673f8e7a46058adc658

The Forge- Establishing Alloy Ratios: https://snapshot.org/#/aavegotchi.eth/proposal/0xac0a2081017c0540538e877d9bb5f2d8c87dcc1bc47d50435bbfd89cdfcb4962

The DAO modifiable variables:

The following are build-in variables designed as levers for the DAO to control.

1. Alloy return on smelting
   • Currently set at 90% of the amount required to forge
   • Of the 10% not returned, launch settings are the following: - 50% of alloy sent to a burn address - 50% of alloy sent to the DAO
2. Core Framework Ratios and Sales – Already passed in AGIP 57
3. Essence destination on Forging
   • Settings on launch: 50% of essence will be burnt; 50% sent to the DAO

This proposal has no major adjustments from the passed signal proposals to the final product.