Aavegotchi: why to buy and how to stake.

Kreddor
2 min readDec 23, 2020

2020 was the year of decentralized finance, but what trends await us next year? My opinion is that the development of DeFi will continue, although not so rapidly. And it is highly likely that NFT will be an important trend in 2021. I advise everyone to read Messari’s «Crypto Theses for 2021». This analyst firm predicted 2020 DeFi trend at the end of 2019.

Aavegotchi is located exactly at the intersection of DeFi and NFT, which means it has excellent potential not only in itself, but also because it fits perfectly into the expected trends of the crypto market in 2021.

So how to earn?

First of all you have to read Aavegotchi’s wiki, it is really good. But for lazy crypto billionaires I will try to make it even easier:

1. GHST is a native ERC-20 token for Aavegotchi. You can buy it on Binance or using Uniswap.

2. Move your GHST to personal wallet (Metamask for example)

3. Visit Aavegotchi’s website aavegotchi.com, connect your wallet and choose “Stake GHST” option.

4. While staking GHST you will get FRENS. You can choose to stake GHST only or to provide liquidity for Uniswap at GHST-ETH pair. These numbers are for now: “1 GHST = 1 FRENS / Day, 1 GHST-ETH LP Token = 100 FRENS / Day”. Obviously GHST-ETH is a much better choice, so use it. But before this go to Uniswap, find GHST-ETH pair and provide liquidity with your GHST tokens and corresponding amount of ETH.

5. With your earned FRENS you can purchase Raffle Tickets at the “Shop”

There are 6 types of tickets from Common to Godlike. You have to build your own strategy which is better to buy and when.

6. Click on the “Enter Raffle” icon and take part in the lottery. You will have good chances to win Aavegotchi wearables, which you can sell at OpenSea or use in playing. I hope we will have an opportunity to play at the beginning of 2021.

GL for all.

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