Aavegotchi Report by Jesse

Hope everyone has been enjoying the amazing gains this week as Bitcoin continues to hold above the 200-day moving average. Today we’ll be looking at a new and adventurous move into the blockchain gaming space called Aavegotchi.

Introduction

Aavegotchi are provably rare DeFi-staked NFT collectibles, powered by Aave and alive on the Ethereum blockchain. All Aavegotchis have three main attributes that determine their value and rarity within the Aavegotchi universe. These are collateral stake, traits, and wearables. Each Aavegotchi is minted as an ERC-721 NFT and manages an escrow contract address that holds an Aave-backed ERC20 collateral, or “aToken”. aTokens generate yield via Aave’s LendingPool, which increases the quantity of aTokens held in the wallet. Making the amount of aTokens held in the Aavegotchi’s escrow address grow over time. Aavegotchis own many traits that influence their rarity, their performance in mini-games, and the wearables they can equip. Some are generated randomly upon birth, and others depend on user interactions with the Aavegotchi. Rarity value is determined by calculating the rareness of each Aavegotchi’s traits and equipped wearables within the Aavegotchi universe.

Upon birth, every Aavegotchi is assigned several random trait values using the ChainLink VRF random number generator. Trait values are distributed on a bell-curve, and each trait is assigned a value of Common, Uncommon, Rare, Legendary, or Mythical, depending on its rarity. What’s not randomly decided is “Kinship”. Instead of random assignment Kinship starts at a fixed value upon birth and increases or decreases based on various factors, such as how long the Aavegotchi has been with the same owner, and how often the owner interacts with it. Aavegotchis “level up” as they gain more experience by voting in