Every degen knows about yield farming nowadays but I bet you what to know how to do it in a new triple way. Aavegotchi (a new DeFi-enabled crypto collectibles game) gives such an opportunity. Let’s talk about these 3 ways in details:
1) Each Aavegotchi (your game character) is an ERC721 NFT token which backed by Aave “aToken” (Aave is open infrastructure for decentralized finance, one of the biggest DeFi project, If you do not know much about Aave I suggest you read about it because working with DeFi you will have to do it sooner or later). Every aToken generates yield via Aave’s LendingPool, so you will get more tokens over time. It will not be huge, may be about 2–10% APR but it is relatively stable.
2) You can stake GHST (a native ERC-20 token for Aavegotchi ecosystem) to get FRENS which are non-transferable. With FRENS it is possible to buy Raffle Tickets. And for these tickets you can get different prizes, like wearables for you Aavegotchi. And you can sell it for ETH on the OpenSea platform. It is impossible to predict APR for such activity, you can even lose money if GHST price drops hard, but if you like Aavegotchi project and are ready to hold GHST long term I believe it can give you sick gains someday.
3) In is not implemented yet, but very soon we will get something like Aavegotchi fight club. Or an Aavegotchi’s slaughterhouse (a dark side of every farm) where you can defeat other ghosts and drain their lives. By slaughtering enemy Aavegotchi you getting its value (reminding aToken mechanics) and may be even its wearables if you are true savage. You can also lose for sure but if you will be able to develop strong fighting strategy you will just print money until the rivals massively adjust.
I will definitely try all three ways. Hope to meet you at the slaughterhouse.
