While everyone is eyeing 10,000% APY, I’m looking at new areas that haven’t received much attention yet.#GHST

NFTs are beginning to show the signs of a token economy, and I think they will rise collectively, not just the price of a single token.#RARI


While the concepts of digital art, collectibles, and virtual land are often touted as the pillars of the NFT ecosystem, it is worth noting that some projects are beginning to bridge the gap with the currently popular DeFi and governance tokens.

This is "NFTfi".#Meme


Aavegotchi——GHST#nftfi

A cross between Aave and Tomogotchis, Aavegotchis are digital pets fused with interest-earning aTokens. Think of them like Axies or CryptoKitties, but each creature is backed by aDAI for a stable passive value base.

Users can collect Aavegotchis and level them up to equip different wearables and compete in selected challenges.

This week, Aavegotchi launched its governance token, GHST, which utilizes a community-centric bonding curve to reward early contributors with priority use.

GHST is unique in that it uses a DAICO model to distribute funds. The 11 million DAI collected from GHST sales will be sent to an AavegotchiDAO, which will be managed and distributed by GHST holders. Currently, the core team only needs 50,000 DAI per month, mainly for community growth activities before the official launch.


With a die-hard community and a blossoming governance token, GHST is showing strong signs of leading the NFTfi movement.

Rarible——RARE

As an emerging NFT marketplace, Rarible shines with its innovative tokenization opportunities, including yNFTs — or NFT-based insurance protection underwritten by Nexus Mutual.


Rarible uses “Markeplace Mining” to distribute governance tokens, where 75,000 RARI are distributed evenly between buyers and sellers each week.

While the project suffered from a rash of wash trading in its early days, it later turned to governance to help address the issue by incorporating commissions for buyers and sellers into every market transaction.

In its current form, 2.5% commissions to buyers and 5% commissions to sellers will be sent to cold storage wallets owned by the core team rather than being governed directly by RARI holders.

This will be handed over to Rarible DAO soon. Still, adding incentives to sell NFTs is the first of a blossoming market that will be worth keeping an eye on in the coming months.

Meme Protocol——MEME

What happens when you combine liquidity mining and legendary NFTs? You get Meme Protocol.

After splitting off from a “degenerate” Telegram group, Meme created one of the most creative forms of liquidity mining to date.

In short, users stake MEME to earn non-transferable Pineapple Points, which can be used to mint NFTs of varying rarities, capped at a fixed supply.

The first set of Legendary NFTs was successfully minted and sold at a market value of 7.7ETH, and then resold for 77ETH. What happened next illustrates my excitement about this project.

With a successful case to back it up, people may give Meme NFTs more utility in the future, and MEME could become one of the most organic governance tokens.

If limited edition NFTs of the Meme continue to fly off the shelves at high prices like they have so far, I think the MEME will get more attention.

NFTfi is here

Outside of the three tokens mentioned above, the governance trend in the NFT space is expected to continue to grow in the coming months.

While it’s clear that many NFT projects have some catching up to do to compete with the models we see with the top DeFi tokens today, this trend is a strong signal for anyone seeking a hedged yield.

For me, the intersection of creative on-chain integration and DeFi primitives gives Ethereum-based assets a whole new meaning.