What is Aavegotchi?
Aavegotchi is DeFi-staked Crypto Collectibles, created by the team behind the Aave DeFi dapp, the core element is the Aavegotchi (Aave+Tamagotchi) characters.
Each one is an Ethereum based NFT, which is created using a new ERC20 token that Aave is creating. Called GHST (Ghost), users will spend GHST to create each Aavegotchi and each Aavegotchi will need to be backed with the interest-bearing aTokens that run the Aave dapp.
These are generated when a user deposits collateral into Aave, so depositing DAI generates aDAI, USDC generates aUSDC etc.
In this way, each Aavegotchi is created with some inherent financial value. Indeed, because each aToken has an interest rate attached to it, so each Aavegotchi will increase in value over time.
Congratulations @dappradar! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board And compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @hivebuzz:
always keep bringing news about new dapps! thanks
Wow, that is very interesting thanks for sharing. I'm a big fan of NFTs!