What are Aavegotchi, NFT and internet ghosts?

Сергей Нелюбин
2 min readDec 23, 2020

I’m not saying the DeFi theme is over. It’s just that markets, like the seasons, are subject to cyclical changes and adjustments. And as ‘summer’ is replaced by ‘autumn’ (literally for some projects), it’s a good time to sit down and think about what we can do to continue making profits while contributing to the growth of the system as a whole.

In line with the more measured energy of autumn, perhaps it’s time to turn our attention to a more sustainable form of farming. In other words, it’s already time to create something that works in the long term, overcoming all those seasonal adjustments, including winter.

And there is no better way to do this than by resorting to using something that is beyond the seasons.

Unless you’re a crypto-caveman, you’ve probably come across these adorable pixel ghosts online before. These avatars are known as Aavegotchis. You may have even come across mentions of the project’s ambitious new native token idea under the ticker $GHST on the expanse of crypto-twitter.

For the uninitiated, Aavegotchis are NFT (non-exchangeable tokens) linked to tokens that generate interest from Aave.

Over time, your Aavegotchi helps you increase your income, both by generating interest from your assets while you keep them in your account, and by interacting with the larger Aavegotchi Meta universe.

This unique combination of DeFi and NFT gives us another way to continue to ‘grow the crop’ and make profits in the long run. On the one hand, it guarantees profits for the token holder, and on the other hand, it will help grow the DeFi industry thanks to more than affordable tools.

On top of that, they are extremely cute creatures. Wouldn’t you want a cute pet like that?

Translated with www.DeepL.com/Translator (free version)

--

--