Aavegotchis is a crypto collectible that exists on the Ethereum blockchain and is supported by the ERC721 standard. Aavegotchis has three attributes that determine their overall value and rarity in Aavegotchi's world, collateral, features, and wearables.

More interest and value for Aave users.

The DEFI ecosystem is growing in popularity and lock-up value, while the volume of NFT tokens is exploding. Individually, each area is experiencing huge exponential growth, but so far no single project has been able to take full advantage of the explosive potential of the combination of the two.

Combine NFT+DeFi. It generates NFT collectibles by pledging DEFI assets. Its NFT attributes depend on its value and rarity in the Aavegotchi universe, such as different collateral rights, features, and wearables. Aavegotchi today is like Crypto Cat or Axie Infinity with DeFi collateral assets. This gives NFT not only collectible value but also intrinsic underlying asset value.

Users borrowing through Aave's LendingPool will generate vouchers in real time and convert them into GHST tokens at Aavegotchi. With GHST tokens, purchase Portal, which is set up as a Portal between the Aavegotchi nether world and the human Etheric world. After obtaining the Portal, the user can open the Portal and choose from 10 different Aavegotchis. Not only that, but you also need to pledge aToken to get Aavegotchi, essentially connecting to the void through a portal to get Aavegotchi Sprite. Aavegotchi will be destroyed after the collateral is retrieved. Aavegotchi obtained the NFT by using DeFi assets as collateral.

GHST is the ERC-20 native functional token in the Aavegotchi ecosystem, with the following use cases: Payment: GHST is used as the base currency for the purchase of a variety of digital assets, such as Aavegotchi Portals, wearable devices, consumables, and collectibles. Mortgaging: Players need to mortgage GHST tokens to generate a REALM, which represents the land of the Aavegotchi kingdom, to indicate economic investment in the ecosystem and to prevent malicious behavior. Governance: GHST will be awarded to users who participate in governance activities within AavegotchiDAO.

Aavegotchi has three attributes that determine its overall rarity and value, including: Spirit Force: Each Aavegotchi NFT manages a custodian contract address that holds aAVe-backed ERC-20 collateral called Spirit Force, whose collection is represented by aToken. AToken is an interest-bearing derivative token that is minted and destroyed when collateral is deposited and redeemed. Characteristics: Aavegotchis can have many characteristics. These characteristics affect their rarity, performance in mini-games, and the wearables they can equip. Some traits are randomly generated at birth, while others depend on how the user interacts with the Aavegotchis. Wearables: In addition to managing aToken, Aavegotchi can also manage NFT assets of sub-erC-721 or ERC-1155, which are called wearables in the Aavegotchi ecosystem. Some wearables can add or subtract some of Aavegotchi's features.

1. Each Aavegotchi NFT manages an escrow contract address that holds AAVe-backed ERC20 collateral, atoken. Atoken is generated through Aave's lending pool and generates revenue. Atoken in Aavegotchi's hosting address will increase by 2 over time. Users can earn FRENS points by pledging GHST or GHST-ETH LP and then exchange FRENS points at Aavegotchi stores for ERC1155 raffle tickets of varying rarity, which can be traded at the market. Raffle tickets can be used to participate in a raffle held regularly on Aavegotchi's main website and the prize is a voucher for Aavegotchi wearables.

Aavegotchi is an NFT+Defi+ gaming platform. But according to the team, Aavegotchi is not an official aave project, but is funded by aave, whose founder, Stani Kulechov, is his family's adviser. Each small ghost with different characteristics is an ERC721 standard NFT token, and the biggest feature is the combination of NFT and DEFI to make a micro innovation, that is, each small ghost is born from Atoken(AAVE interest certificate, and Lp token is the same) mortgage. ATokens borrowing through Aave's LendingPool generates interest income in real time, which means that if you mortgage 10 Dais to create a little ghost NFT, its value will also increase over time.

GHST as Aavegotchi's token is currently used for governance, pledge and payment. GHST's value is supported by the sale of the official joint curve and the interest generated by Aave borrowing. At present, the development of the project depends on the development of Aave platform. All kinds of aToken stored in the Aave ecosystem will be locked into Aavegotchi, thus making the locked assets surge. In addition, the team is exploring other possible ways to interact with Aave.