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Gotchi VaultGotchi Vaultby0x10bFc18F848AdB42fe95e330111622D9497431770x10bF…3177

Geodes, Schematic Distribution, and a Final non-drop ticket Raffle

Voting ended over 2 years agoSucceeded

Author: dr.wagmi Gotchi ID: 16635 Discussion: https://discord.com/channels/732491344970383370/1126256051528937624/1126256051528937624

Please note the author, gotchi, ID, and discussion are the same for this Geode proposal and the Forge 2.0 Schematic proposal.

Takeaway points:

  • The table below outlines the programmed odds for the multi-tier rarity geode
  • The 14 Forge 2.0 Schematics will be distributed 60% through geodes and 40% by raffle
  • This raffle will be the last non-drop ticket raffle paving the way for a transition to GLTR tickets

Geodes: Geodes are currently only obtained by smelting wearables which means you can only get new content by smelting old content and burning alloy in the process. This allows for predictable distribution of new content over time. A well-stocked prize pool will transparently drip new content to the community and could be refilled at any time – refills could be new schematics or other prizes, content, partnership items (Anata NFTs), etc. MikeyJay designed the table below outlining odds for Multitier-Rarity Geodes. We plan to push this live in August alongside the Forge 2.0 New Schematic Release. Schematics can be minted and stored in the forge contract until the updated Geode contract is ready.

See Appendix A for details regarding geode odds and prize distribution: https://docs.google.com/document/d/1zFjdeOae-Pg8r2DHIGvJu7RGennHzZDtZ0lv8v142S8/edit

image

Forge 2.0 Schematic Distribution: We propose that the 14 new wearable schematics be distributed 60% by multi-tier rarity geodes and 40% by traditional raffle using FRENS-purchased tickets. This recommendation comes after soliciting feedback from the community and Pixelcraft. It avoids a resource-intensive auction which comes with a risk of poor user experience. It uses up all remaining FRENS (unless users elect to wait for a drop ticket raffle) and sets an expectation for no further FRENS-based tiered raffles. It also allows for the fun, community-building event of a raffle and slow, drip distribution metered by protocol engagement through the Geode mechanic. Overall, we think the 60:40 distribution strategy threads the needle and respects all stakeholders. See below for the exact distribution strategy, rarity tiers, and slots of items:

image

Final FRENS Tiered-Rarity Raffle The Forge Team proposes this raffle be the last traditionally tiered FRENS raffle. This means that Common-Godlike tickets purchased by FRENS will not be used again. They could be converted to Drop Tickets for a final Drop Ticket raffle to be determined later by Pixelcraft or the DAO. This is a significant step toward removing FRENS as a liability on the DAO balance sheet. It paves the way for creation of a GLTR-based raffle system to be used in the future if deemed necessary by PC or the DAO.

Please see the complementary proposal on the Forge 2.0 Schematics release for details on the proposed schematics and methodology.

The Forge Team

Off-Chain Vote

Yes. Accept all.
23.74K VLT92.7%
No. Do not accept.
1.88K VLT7.3%
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Timeline

Jul 17, 2023Proposal created
Jul 17, 2023Proposal vote started
Jul 23, 2023Proposal vote ended
Oct 26, 2023Proposal updated