Guarded Launch on Polygon — We have ignition 🚀 🚀
Today, we’re very excited to introduce our first savings pool on Polygon! 😃
We whitelisted over 500 community members for our guarded launch, following our Galactic Ghosts campaign. This allow us to test our DeFi savings game with actual players and real money. We aim to gather valuable feedback to iterate and improve, so we can quickly open up for more people.
Who is eligible to join? 🤷♂️
- Everyone who completed Mission 5 of our Galactic Ghosts campaign
- All early supporters to our Gitcoin Grants (Snaphot taken on 3 June 2021)
A full list of eligible addresses can be found here.
No worries if you didn’t make the list. We will have more savings pools going live in the next few weeks and months.
👉 Want to jump straight in? Check out our step-by-step guide or just head over to our website.
How does it work? 🌊
Hit your saving goals and earn a slice of the pool’s rewards
- Our savings pool runs for a fixed duration, from June 10 until July 22.
- Players join the pool by depositing 25 DAI, before June 17th, 3.15 pm CET.
- To win the game, each player has to make a weekly deposit of 25 DAI into the pool for 5 weeks straight. Hence, the goal is to save a total of 125 DAI.
- The pooled funds are automatically deposited into Aave on Polygon, and earn interest (in DAI) and additional rewards (in WMATIC tokens).
- After the final deposit deadline (15 July), there is a one week waiting period before the game ends, and players can claim their winnings.
- At the end, all winning players can claim their share of the rewards.
This includes the generated interest in DAI, as well as additional sponsorship in DAI and WMATIC tokens. - Players that miss a deposit can still get their initial deposit back, but do not earn any rewards nor interest.
🙏 Massive thanks to Aave for supporting us on our journey, and sponsoring this first pool with 2500 DAI! 🙏
💸 All winning players will earn at least $5 worth of DAI, as well as some WMATIC tokens. 💸
Why the name GoodGhosting? 👻
The more players that drop out of the game (i.e. ghost others), the better the rewards for the winners. Whenever you ghost others (i.e. miss a deposit), you lose the right to earn interest and additional rewards.
Players who get ghosted, get other users’ interest and earn a higher APY 🔥🔥🔥
To better understand where the rewards are coming from, check out the following simulations:
But what happens if most other players fail to save?
Then the rewards are even greater!
Want to dive into the specifics? Check out our Documentation.
What is GoodGhosting?
GoodGhosting is a DeFi savings game. Compete with others and get higher interest rates than when you would save by yourself. All without losing your initial deposit. How? Join our shared saving pools by depositing digital stablecoins on the Polygon network. Add to your savings weekly to stay in the game. Feel proud as your balance grows and you hit your financial goals.
Pooled funds are deposited in decentralized savings accounts (powered by Aave), earning higher interest rates than in traditional finance. By hitting your predefined goals, you earn a slice of the pool’s interest! Players that missed a deposit, still get their initial deposit back but do not earn any interest. So the more people drop out, the greater the returns for the winners! Annual interest rates over 10% are possible — although not guaranteed. We are also providing additional incentives for early users, through yield farming of MATIC tokens and prize matching by some of our great sponsors such as Aave.
We are fully non-custodial.You are free to remove your deposited funds at any time (minus a small early withdrawal fee which gets added to the saving pool).
Powered by Aave, Polygon, The Graph and MakerDAO.
Important note — although we take security seriously, and our genesis saving pool will only be available to a closed group, our contracts are not audited yet, and as with any DeFi initial launch there are security risks. Please only risk funds you can afford to lose.
