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P2E guilds (WIP)
ASPIS introduces guild mechanics, where every guild can be managed like Vault and all members will be able to participate in governance and profit-sharing securely and equally.
This solution is developed based on ASPIS protocol - protocol for collective asset management in Web3. It means that every guild will be able:
- Smoothly manage both in-game assets and liquid currency treasury (e.g. USDC balance) from the one DAO wallet;
- Automatically calculate membership contributions, rent fees, and profits and distribute them across all guild members;
- Make collective decisions via on-chain voting and be sure that all guild members act with integrity.
GameFi guilds are organizations of players participating in the Play-To-Earn or Action-To-Earn projects with the main idea of profit maximization of the guild members.
Guilds provide players with great benefits:
- Games research. Guilds are doing tons of research trying to find the next gems. And after a gem game was found, a guild shares it with the guild members;
- Players education. Sometimes game’s mechanics are confusing or not obvious. Guilds are trying to find the most profitable strategies and share them with the guild’s members;
- Scholarship. Players who can’t afford the game entry can try to apply for the guild’s scholarship. If the applicant is successfully chosen for the scholarship, the guild will provide all the staff needed to start the game and earn the game’s tokens. The applicant will be only obliged to pay fees to the guild from each token earned.
That is why guilds are so popular and a lot of them have $1M-$10M treasury capitalizations.
To provide all these benefits, guilds need special technical solutions such as rental protocol or Vault to secure all the processes. We will explain this part in details below!
A decentralized autonomous organization (DAO) or Vault - is an entity in which token holders participate in the management and decision-making:
- There is no central authority of a Vault; instead, power is distributed across token holders who collectively cast votes;
- All votes and activity through the Vault are posted on a blockchain, making all actions of users publicly viewable.
Since there will be a lot of guild content in future P2E games, we want to provide players with the highest level of usability and security, so that players can keep their minds on the game and not be distracted by the manual management, accounting, and trust issues.
The guild creator goes to aspis.finance and creates a Guild using Aspis Vault Constructor and specifies all the rules that will be used to settle guild members:
- General info about Vault, onboarding rules, fees, etc.;
- Guild token - representing the amount that a guild member has invested in the guild;
- List of wallets allowed to join the newly created Vault (Optional).
Members join newly created Vault, deposit their assets if required (both treasury or in-game assets) and get membership tokens or NFTs. Membership tokens are unique for each guild and represent a share of all assets of the guild owned by the member.
All guilds have their own rules. Some guilds require each participant to pay an entrance fee while others allow joining for free, but they will take a bigger cut of the % of the profit.
New guild members can earn their membership tokens. New guild members can sign a contract and automatically provide % from farmed in-game currency to the guild in exchange for membership tokens:
Vault guild can appoint guild managers and make proposals on changing their permissions and other guild rules.
Any guild member who has membership tokens may propose changes to the guild rules. Other guild members vote for the proposal using their membership tokens. Once the proposal is accepted, it is automatically executed at the DAO smart-contract level.
Guild managers are able to make transactions on behalf of the guild, but their permissions are limited. The guild manager's permissions are determined by the guild members via the voting process. This mechanism allows to prevent the guild manager from malicious behavior, for example, it makes it impossible to withdraw the guild's assets to a personal wallet.
Guild managers decide how to better allocate the guild’s assets to maximize the guilds profit:
- 1.Guild managers can spend tokens from the Vault balance to buy NFTs;
- 2.Guild managers can rent the guild’s NFTs to the members and take % from their earnings;
- 3.Guild managers are rewarded with a fee, payable by guild members.
All guild members get shares from the guild’s earnings and assets represented by their membership tokens. All earnings are accumulated on the guild’s balance sheet and can be automatically distributed among the members in the proportion to their membership tokens.
Guild members can burn membership tokens to get back their assets and accumulated earnings if they want to exit the guild.
P2E games can create different contests and competitions between guilds, and reward its members. Also, games can send rewards directly to the guild’s Vault wallet to eliminate the centralization and power of the guild manager who typically stores a lot of valuable assets in a personal wallet.
Players can “invest” in the guild and get earnings from efficient utilization of in-game resources under guild management.
Last modified 8mo ago