Earning 50% APY on Aavegotchi's GHST Token

The @aavegotchi DAO is buying $13.25M of its native $GHST token over the next 6 months. That's $87,500 worth of $GHST every day! Let's dive into how I'm earning over 50% APY on my GHST while buckling in for massive upside.

— Dr Wagmi (@Stedari) April 16, 2023

The DAO just turned off the bonding curve which released an impressive $21M DAI to the DAO, giving it more stablecoin in its war chest than almost every other DAO. https://t.co/TCy7suSulx

— Dr Wagmi (@Stedari) April 16, 2023

The $13.25M in buy pressure comes from three separate @aavegotchi DAO proposals:

AGIP-69 $7M in $GHST purchases for player rewards over 6 months.
AGIP-72: $5M in $GHST purchases for liquidity over 6 months
AGIP-73: $1.25M in $GHST purchases for liquidity over 2 months.

— Dr Wagmi (@Stedari) April 16, 2023

Prior to AGIP 72 + 73 going live, there was a daily average of $106k trading volume on @QuickswapDEX, $39k of which was from AGIP-69.

So, a new $47k/day of purchases started on 4/14 and will continue for two months.

You can do the math on what to expect.

— Dr Wagmi (@Stedari) April 16, 2023

The DAO-designed bot avoids front-running by utilizing the @gelatonetwork to power the $GHST purchases which occur every four hours. Many thanks to the @TheBeaardedLady who continues to flex his big brain.

— Dr Wagmi (@Stedari) April 16, 2023

The @aavegotchi DAO ranks second to @ensdomains in total voters and second only to @decentraland in number of proposals. The Aavegotchi protocol is community-run and the community is well-funded and incredibly engaged - a recipe for sustained success. pic.twitter.com/LDl6Nhs5sl

— Dr Wagmi (@Stedari) April 16, 2023

The utility of $GHST is expanding and impressive. An overview:

Primary NFT Sales: $50M all time used to purchase GHST and acquire native NFT assets.
Liquidity Farming: Multiple DeFi options to farm $GLTR, $GHST, and $dQUICK for >50% APR@AaveAave and @QiDaoProtocol Collateral pic.twitter.com/4xAkZuYBiS

— Dr Wagmi (@Stedari) April 16, 2023

I'm making >$100/day utilizing the following pathway:
- Borrow MAI on @qidao against my GHST
- Buying more GHST with half
- Swap remaining MAI to USDC
- LP GHST-USDC on QuickSwap for >50% APR pic.twitter.com/l8qOjGR8pT

— Dr Wagmi (@Stedari) April 16, 2023

More utility coming:@aavegotchi is getting a @0xPolygon supernet this summer which will use $GHST for gas in all transactions. There are currently >20k daily transactions being performed on Aavegotchi smart contracts which will all need GHST.https://t.co/yt92S6kv79

— Dr Wagmi (@Stedari) April 16, 2023

Moar utility!?@aavegotchi will debut its first mobile game, @gotchiguardians this summer which will integrate native assets.

The Aavegotchi community has multiple games in development which will also use native assets.

— Dr Wagmi (@Stedari) April 16, 2023

In summary:@aavegotchi is one of the most successful Web3 projects of all time.

It's native token, $GHST, has vast utility.

There is $13.25M of guaranteed buy pressure over the next 6 months

You can make >50% APR on GHST

It's accepted collateral on blue chip money markets

— Dr Wagmi (@Stedari) April 16, 2023