It's finally here. I've summoned my first Aavegotchi and it feels great!
Aavegotchis are exciting because they are the first to introduce game items which are backed by actual money. The following gif is my imagination of what game items will be like in the near future.
This is made possible thanks to decentralised finance (DeFi) protocols and applications e.g. Aave.
There is a lot to unpack here if you're completely new to the DeFi. Hence, I'm attaching here some pre-reading that will be most useful for the beginner.
However, the purpose of this article is to give you straight up hands-on guide to experience summoning an Aavegotchi on testnet.
Note that all the following you will do it on the Ethereum Kovan Testnet - thus is only a simulation of the real thing but does not involve real money. This however will give you an idea what to expect, help the developer team test functions, which you can feedback in their Discord Channel here. So, what we're going to do is:
First, get some money (testnet).
You will need ETH for paying transaction fees.
You will need GHST for buying portals.
You will need Aave Interest Bearing Tokens (aTokens) to attach to your Aavegotchi in order to summon it into existence.
Summon a portal.
Choose an Aavegotchi.
Name your Aavegotchi.
Let's begin.
For this exercise, we are using the Metamask wallet for Desktop.
If you do not have one yet, please use this guide to setup your first wallet.
Firstly, connect to the Kovan Testnet Network on your wallet.
Change from Main Ethereum Network to Kovan Test Network. For new wallets, your ETH balance should be zero.
Next, get some money from the following faucets.
The difference between DAI and aDAI tokens is aDAI are interest bearing tokens... they appreciate over time thanks to interest earned from Aave's lending protocol.
Go to Portal and click the purple button 'Buy'.
Enter quantity of 1. Each Portal costs 100 $GHST.
Click 'Buy 1 Portal' and pay the transaction fee (this will be deducted from your 0.1 ETH balance).
You now have 1 Portal.
Go ahead and open the portal.
You will need to pay another transaction fee (also deducted from your ETH balance).
Each portal will summon 10 Aavegotchis for you to choose from.
Choose one that you like.
In this example, I chose an aDAI-backed Aavegotchi that is
I will now need aDAI to summon it into existence.
If what you need is aLINK, aTUSD, aLEND, please revisit Step 1 - get some aTokens.
Once you have the correct responding aToken, you can summon the Aavegotchi. Go ahead, pay one more transaction fee and summon your Aavegotchi into existence.
You now have one unnamed Aavegotchi backed by money and with the corresponding unique traits.
Click on the Aavegotchi, pay one more transaction fee to give your Aavegotchi a name.
Congrats!
You have summoned your first Aavegotchi and have given it a name.
We'll need to wait for the developers to announce more features soon.
Meanwhile, you can:
I hope you have enjoyed this guide.
What are your thoughts? Are you excited for Aavegotchi mainnet launch?
