Changing Reservoir Cool Down Times

Author: Quincy1971#6786 Gotchi ID: 5375 Quorum requirement: 20% (9M) Vote duration: 8 days XP Reward: 20 XP for each Aavegotchi in the voter’s wallet Discourse link: https://dao.aavegotchi.com/t/changing-reservoir-cooldown-times-from-8-hours-to-11-hours-with-a-1-hour-drift-window/4737

With the inevitable passing of the latest spending competition proposal, the DAO will be facing another strong uptick in alchemica issuance. The competition is viewed by many as a necessary evil that is being used to reduce the circulating supply of alchemica being that the economy does not have any meaningful and sustainable burning mechanisms currently in place. The preceding spending competition was a marked success especially based on the amount the DAO paid verses the amount of alchemica that was burnt. Its success however had the unforeseen consequence of increased alchemica issuance due to incentivizing the building and leveling of installations. Being that the latest spending competition is similar to the first and has not really addressed the unavoidable issuance increase of alchemica that concerns many DAO members, I am proposing a change to the cool down times of all reservoirs to help mitigate the expected increase and help extend the time period between the need for another spending event.

THE PURPOSE The purpose of this proposal is : *To help further manage the issuance of alchemica tokens by adjusting the ability to claim from up to 3 times a day to only 2 times per day *To enact these changes early in the developmental stage as to prevent negatively affecting a vast amount of players later on *To reduce player's gas fees by increasing the period between claiming alchemica from reservoirs *To enact safeguards to help mitigated increases to issuance caused from additional parcels becoming active, future land sales and/or other unforeseen events *To help to extend the time-frame between spending events by maximizing the event's positive effect on reducing the circulating supply of alchemica.

THE DATA (https://dune.com/9stx6/aaltars-alchemica-emissions , https://dune.com/froid1911/gotchiverse-analytics) & https://dune.com/queries/1728950/2851336

*In FUD we have 16,787 lvl 1 harvesters, at least 1,847 lvl 2-lvl 3 reservoirs, at least 2,179 lvl 4-lvl 6 reservoirs and at least 512 lvl 7- lvl 9 reservoirs. For a total of 10,894 reservoirs. *In FOMO we have 21,482 lvl harvesters, at least 1,732 lvl 2-lvl 3 reservoirs, at least 2,698 lvl 4-lvl 6 reservoirs and at least 894 lvl 7- lvl 9 reservoirs. For a total of 12,356 reservoirs. *In ALPHA we have 16,285 lvl harvesters, at least 1,533 lvl 2-lvl 3 reservoirs, at least 1,629 lvl 4-lvl 6 reservoirs and at least 480 lvl 7- lvl 9 reservoirs. For a total of 9,347 reservoirs *In KEK we have 11,328 lvl harvesters, at least 1,444 lvl 2-lvl 3 reservoirs, at least 1,418 lvl 4-lvl 6 reservoirs and at least 462 lvl 7- lvl 9 reservoirs. For a total of 8,501 reservoirs This gives of the grand total of 41,098 reservoirs with 30,826 in the lvl 1- lvl 3 range which would be the cheapest to upgrade. (As of April 14 2023) This shows how fast the amount of circulating tokens has been increasing using FOMO as an example, however all alchemica have almost the same steep trajectory.

Here is an example to show the effect a change could have using lvl 6 FOMO reservoirs. A lvl 6 reservoir’s capacity is 80 fomo so if emptied every 8 hours that’s 240 fomo daily and 1680 weekly. If we were to change it to a 12 hour schedule it would be reduced to 160 fomo daily and 1120 weekly. That would reduce issuance by 560 fomo weekly or 2240 fomo monthly. At first glance, it does not look to be a substantial reduction however when you apply it to the current total of 685 lvl 6 FOMO reservoirs the number transforms to a possible reduction to issuance of over 1.534 mil FOMO tokens monthly and that is just lvl 6 reservoirs.

THE PLAN I am proposing that the cool down time increase from 8 hours to 11 hours. Players would benefit by having a natural 1 hour window to prevent time drift and this would easily facilitate an optimum 12 hour claiming schedule.

POTENTIAL BENEFITS This change will allow parcel owners the flexibility to maintain a 12 hour emptying rotation set to their individual preference on their reservoirs by adding a 1 hour drift window which would help especially in high fee/high traffic time periods. The change would help to mediate increases in token issuance due to spending events by limiting daily issuance. This change will help to future proof increases to issuance caused by future parcels coming online, further leveling of reservoirs and future land sales which are still needed to complete the cathedral map by further gate keeping tokens entering the ecosystem. The change would come at a time-frame that will not negatively affect the vast majority of landholders due to an early implementation.

POTENTIAL DOWNSIDE The biggest and probably the worse consequence from increasing the cool down time would be that we will have some owners sit with a full reservoir for 3 hours if they are on a 8 hour rotation of claiming their tokens presently.

VOTING OPTIONS The voting options will be: *Option 1: YES Change Reservoir Cool Down Times *Option 2: NO Do Not Change Cool Down Times