Aavegotchi Holders Push Back Against $3.2 Million Buyout Bid from Chinese VC

With two days left to vote, Aavegotchi holders are overwhelmingly opposing a $3.2 million acquisition offer from a Chinese venture firm, with nearly 90% of participating votes cast against the deal so far.

The proposal, introduced on July 22 by a community member acting as an intermediary, outlined an offer from Rongming Investment to buy out the DAO treasury — approximately 16 million GHST — at a 60% discount to the 14-day moving average price for roughly $3.2 million in USDC stablecoins.

Although the rationale behind the proposed 60% discount remains unclear, the deal outlined in the proposal would grant Rongming Investment full rights to use and market the Aavegotchi IP, dissolve the DAO, and distribute the proceeds to active community members.

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