GHST is a cryptocurrency that is used in the Aavegotchi ecosystem. Aavegotchi is a decentralized application (dApp) built on the Ethereum blockchain that combines the concepts of non-fungible tokens (NFTs) and decentralized finance (DeFi). Aavegotchi allows users to create and customize their own digital ghosts, which are represented as NFTs. These ghosts can be used in various games and activities within the Aavegotchi ecosystem, such as battling other ghosts or participating in mini-games. GHST is used as the primary currency within the Aavegotchi ecosystem, allowing users to purchase and trade ghosts, as well as participate in various DeFi activities such as staking and liquidity provision.

One unique aspect of GHST is its use of "haunt" mechanics. Haunts are limited-time events that occur within the Aavegotchi ecosystem, during which new ghosts are minted and sold. The price of GHST during a haunt is determined by a bonding curve, which means that the price increases as more GHST is purchased. This creates a sense of urgency and excitement among Aavegotchi users, as they compete to purchase new ghosts before they sell out. Overall, GHST and Aavegotchi represent an innovative and exciting use case for NFTs and DeFi, and have the potential to revolutionize the gaming and cryptocurrency industries.