Question 1

What is GHST?

Accepted Answer

GHST is Aavegotchi's ecosystem governance and utility token: holders use it to participate in AavegotchiDAO governance, while ecosystem asset transactions are generally priced and settled in it. In other words, GHST connects both governance decisions and trading activity in the Baazaar marketplace.

Question 2

What governance role does holding GHST have?

Accepted Answer

Holding GHST grants voting power in AavegotchiDAO at a conversion of 1 GHST to 1 vote, and the rules described in the official documentation do not require tokens to be locked. Voting power therefore changes with wallet holdings; DAO proposals and votes are the mechanism through which token holdings become protocol governance participation, rather than an additional fixed-return commitment.

Question 3

How is GHST used in the Aavegotchi ecosystem?

Accepted Answer

GHST is the core medium of exchange in the Aavegotchi Baazaar. Official documentation states that primary sales and secondary trading of ecosystem assets are generally denominated in GHST; accordingly, the unit paid by buyers and received by sellers in settlement is generally GHST. Here, “generally” does not mean every peripheral service can use only GHST, but indicates the primary pricing relationship in the Baazaar asset market.

Question 4

How was GHST issued?

Accepted Answer

GHST was initially issued through a continuous token sale using the Aragon Fundraising Bonding Curve, rather than being pre-mined in a single issuance and sold at a fixed price. Users participated with DAI as curve collateral, and the curve's reserve ratio was 30%; while the sale continued, supply changed with trading on the curve. AavegotchiDAO voted to close the curve on March 10, 2023. The closure meant that this issuance path ended, and the Ethereum total supply listed by the official materials was subsequently fixed at 52,747,802 tokens; this is a separate stage from subsequent burns occurring on Polygon.

Question 5

What is GHST's supply?

Accepted Answer

There are two GHST supply measures that should be distinguished. The Ethereum total supply listed by the official materials is 52,747,802 tokens; this figure does not subtract GHST burned on Polygon through primary sales and Baazaar listings. If the quantity in the Polygon burn address is subtracted from the Ethereum measure, the official estimate closer to the actual cross-chain circulating stock is approximately 50,478,617 tokens. The difference between these figures is not two separate issuance plans, but whether burned quantities in the cross-chain ecosystem are included in the calculation.

Question 6

Are there locked, non-circulating GHST tokens?

Accepted Answer

Official documentation states that there are currently no GHST vesting locks in effect, so under its supply measure, the circulating supply is 100%. This means there is no batch of GHST still subject to vesting restrictions that will unlock under a predetermined vesting schedule; it does not mean all tokens are listed on exchanges, nor does it indicate market liquidity or price stability.

Question 7

Is GHST burned?

Accepted Answer

Yes. GHST burns have two main triggers: 0.1 GHST is burned for each new Baazaar listing created; in addition, the official materials state that 5% of GHST traded in primary sales has historically been burned. The former is triggered by the listing action, while the latter corresponds to primary sales; the two should not be combined as the same type of transaction fee. Burned tokens are no longer included in the available supply, so they affect supply measures; however, the burned amount alone cannot directly establish a change in token price or demand.

Question 8

Can GHST be used for liquidity provision?

Accepted Answer

Yes. Holders can provide liquidity for GHST trading pairs with other tokens, such as USDC or ETH, and stake the liquidity tokens they receive to earn GLTR rewards. The reward recipient in this process is the staker of liquidity tokens, not a wallet that merely holds GHST. Providing liquidity exposes assets to price changes in both tokens in the trading pair; changes in the exchange ratio may cause value to diverge from holding tokens individually. Whether and how much GLTR is earned depends on the relevant pool and staking rules, and should not be considered a fixed return.

Question 9

Which networks can GHST be used on?

Accepted Answer

Official documentation lists GHST contract deployments on Ethereum, Polygon, and Base. When using it across networks, first select the network that matches the application or recipient; contracts and balance records for tokens with the same name differ across networks. Therefore, before transferring, verify the network, token contract, and asset version supported by the recipient. Sending assets to an incompatible network, or treating balances on different networks as a single directly usable balance, creates operational risk.

Question 10

What role is GHST planned to have in Gotchichain?

Accepted Answer

Gotchichain is still described in official documentation as an “upcoming” Gaming L3. Under this plan, GHST will be used as the gas token for its non-sponsored transactions: users will need to pay a small amount of GHST so that transactions incur a cost, helping to curb spam transactions and unnecessary congestion. This use should not be confused with GHST's current role as a medium of exchange in the Baazaar.

Aavegotchi (GHST) Price