Aavegotchi: The formal on-chain vote to close GHST Bonding Curve is expected to be launched on March 8

According to reports, Aavegotchi officially announced that with the successful adoption of AGIP64 and AGIP65 (note: these two votes are informal off-chain votes conducted in advance on the snapshot), it will launch a formal on-chain vote on Aragon on closing GHST Bonding Curve and allocating its internal DAI reserves.

Interpretation of this information:

The announcement made by Aavegotchi regarding their adoption of AGIP64 and AGIP65 signals their readiness to move forward with plans to launch a formal on-chain vote on Aragon. This development is a crucial step for the platform as it is expected to determine the fate of two vital issues; the closing of its GHST Bonding Curve and the allocation of its internal DAI reserves.

It is important to note that AGIP64 and AGIP65 are informal off-chain votes that were conducted in advance of the forthcoming on-chain vote. These off-chain votes have already confirmed the strong support of the Aavegotchi community for the proposed changes.

With the success of these off-chain votes, the Aavegotchi team is now confident in their plans and is set to begin the formal on-chain vote. This development can be seen as the platform’s way of ensuring that all members of the community have a say in how the Aavegotchi project is run.

The voting process will utilize the Aragon platform, which is a decentralized governance tool that allows members to vote on any proposal with the use of the Ethereum blockchain. By using this platform, the Aavegotchi team is ensuring that the vote is transparent and fair, with all votes being recorded on the blockchain for full transparency.

The first issue that will be addressed in the vote is the closing of the GHST Bonding Curve. This is an important decision as it will affect how the platform’s tokens are distributed and the value that they hold. The second issue to be addressed is the allocation of the internal DAI reserves. This is critical as it will determine how funds that have been raised by the platform will be used.

Overall, the announcement regarding the upcoming on-chain vote is a major step for Aavegotchi. It shows that they are dedicated to making changes that will benefit the community and ensure the growth and sustainability of the project. It also highlights the importance of transparency and community involvement in the governance of decentralized projects. The Aavegotchi team should be commended for their commitment to these core principles, and the community should look forward to participating in the voting process.