Profile of Ape.Admin in ApeCoin

Posts by Ape.Admin

• ApeChain, On-chain – ApeCoin DAO Governance Revamp by Ape.Admin - Official Ape Admin Account, This user is a moderator
  Posted on: Nov. 7, 2024, 3:56 p.m.
  Content: PROPOSAL NAME: ApeChain, On-chain – ApeCoin DAO Governance Revamp TEAM DESCRIPTION: @BoredApeG , ApeCoin DAO Special Council @Hazel, ApeCoin DAO Special Council @mo_ezz 14 , ApeCoin DAO Special Council @Waabam, ApeCoin DAO Special Council PROPOSAL DESCRIPTION: This AIP proposes replacing AIP- 1 and AIP- 2 and guiding the ApeCoin DAO to a drastically more effective governance process by removing administrative layers and moving more decision-making on-chain.This proposal would place more autonomy and power into the hands of the ApeCoin DAO, while focusing the DAO around a new mission: growing ApeChain. Key Points: DAO Treasury: On-chain DAO treasury using Governor Bravo contracts 65 / 35 split 65 % of total treasury placed on-chain for the ApeCoin DAO 35 % of total treasury provided to Ape Foundation for its Administrative Budget Power directly in hands of ApeCoin DAO ApeChain Protocol Upgrades: On-chain protocol upgrades and updates using Governor Bravo contracts, governed by the ApeCoin DAO Reducing Scope of and Sunsetting the Special Council: Significantly reduced scope of the Special Council, limiting their role in governance to merely security and administrative matters, including oversight of the Banana Bill program. Sunsetting the Special Council entirely once each current member’s term is over. Replacing AIP- 1 and AIP- 2 , and adopting the ApeCoin DAO Constitution (see below in the “Benefit to ApeCoin Ecosystem” section). MOTIVATION Following the successful launch of ApeChain, it is imperative that the ApeCoin DAO now focus its efforts on growing the ApeChain protocol. While the introduction of a governable protocol and chain presents an economic opportunity for the ApeCoin DAO, it also presents an opportunity to reimagine and improve ApeCoin DAO governance to effectuate on-chain actions autonomously and streamline on-chain access to the treasury. This AIP does not propose the end-all version of ApeCoin DAO governance and could evolve over time to incorporate governance processes that better fit an ever evolving DAO, such as the potential introduction of a bicameral governance system, or the introduction of ApeCoin lock-up mechanics to increase ApeCoin DAO voting power. Governance is not perfect and is an iterative process – this AIP proposes one giant leap for Ape kind. BENEFIT TO APECOIN ECOSYSTEM On-Chain DAO Treasury: a. Splitting the treasury (and locked APE streams) in a 65 / 35 split: i. 65 % of the treasury and unlocking APE will be directed to an on-chain DAO treasury contract, which will be controlled directly by the ApeCoin DAO. ii. 35 % of the treasury and unlocking APE will be directed to the Ape Foundation for its Administrative Budget, which will be utilized to build and maintain ApeChain, and to support the administrative needs of the ApeCoin DAO. a. DAO-Controlled Drip Contract: In order to keep in line with transparency, decentralization and accountability to the ApeCoin DAO, the 30 % treasury split for the Administrative Budget will be held in a multi-sig, over which the ApeCoin DAO will hold an admin key and be able to “clawback” such funds and send them to the DAO treasury contract. b. The DAO-Controlled Drip Contract will “drip” along a monthly scheduled rate of 18 months, which will be able to be claimed by the Ape Foundation. On-Chain Protocol Upgrades and Updates: a. The ApeCoin DAO, and the Security Council (as introduced below), will be given “chain owner” privileges over ApeChain, having the power to directly propose, vote on and implement ApeChain upgrades and updates. Introduction of the Security Council: a. With the mainnet launch of ApeChain, security should be the utmost priority for the ApeCoin DAO. Given that the governance process is subject to a timeline unfit for quickly addressing emergency situations, it is critical that there be a fail-safe to quickly and immediately react to potential security threats to ApeChain. b. To address this issue, a democratically elected Security Council will be empowered to implement certain Emergency and Non-Emergency Actions, as described further in the Constitution of the ApeCoin DAO. Reduced (and Eliminated) Role of Special Council: a. Rather than serving as the last filter before an AIP is put up for vote by the ApeCoin DAO, the Special Council’s Administrative Review will no longer be a prerequisite for an AIP to go to vote by the ApeCoin DAO, and the Special Council will merely provide administration and oversight of AIPs until the end of each current member’s terms, after which the Special Council will fall away entirely. b. Additionally, with the passage of AIP- 454 : “The BANANA Bill: Apes Gotta Eat”, the Special Council will temporarily serve to provide oversight over the Banana Bill program until its elimination entirely. With the passage of this AIP, AIP- 454 will be amended to remove references to the Special Council and instead replace their final oversight role with the directors and administrators of the Ape Foundation. By adopting the below proposed Constitution, inspired directly by the ArbitrumDAO Constitution, the ApeCoin DAO will be empowered to have a stronger voice and on-chain authorities and powers to shape the future of the ApeCoin ecosystem and ApeChain. Constitution of the ApeCoin DAO This document lays out the Constitution of the ApeCoin DAO. Some of the rules and procedures of this Constitution will be enforced directly by smart contracts on a blockchain, and some will not. All rules are equally binding. Actions taken under this Constitution may be on-chain or off-chain actions. On-chain actions are those that are actuated directly by the governance smart contracts of the DAO as transactions on a blockchain. Off-chain actions are those that are actuated by other means. This Constitution also includes some “recommended guidelines” which are non-binding but strongly recommended as good governance practice. This Constitution describes the procedures by which it may be amended and lays out the governance framework of the ApeCoin DAO and the Ape Foundation. Definitions: AIP: An Ape Improvement Proposal Administrative Budget: The assets held by the Ape Foundation separate from the DAO Treasury. ApeChain: The canonical ApeChain blockchain utilizing Arbitrum Nitro technology DAO Treasury: All $APE tokens held in a governance smart contract governed directly by the ApeCoin DAO and/or the Security Council of the Ape Foundation via on-chain voting mechanisms. Votable Tokens: All $APE tokens in existence, excluding any tokens held by the Ape Foundation, including its Administrative Budget and the DAO Treasury (including any locked APE intended for the Administrative Budget and DAO Treasury) Section 1 : Chain “ownership” This Constitution describes the decision-making framework for the ApeCoin DAO governance over ApeChain and the broader ApeCoin ecosystem. ApeChain, utilizing Arbitrum technology, has one or more “chain owners” who have the power to take administrative actions that change ApeChain’s core protocol and code and/or alter any of its core parameters. The “chain owner” will also have the power to upgrade certain associated Layer 2 contracts. The “chain owner” will control affordances on the chain such as updating the contract implementation of any of ApeChain’s core protocol Transparent Upgradeable Proxy contracts, and adjusting system parameters via, e.g., setter methods in the ArbOwner precompile. “Owner” privileges on ApeChain have been given to both the ApeCoin DAO and the Security Council of the Ape Foundation. Section 2 : DAO Proposals and Voting Procedures The following process governs the rules and procedures by which the ApeCoin DAO may propose, vote on and implement Ape Improvement Proposals (AIPs). Each phase may only begin once the prior phase is completed, unless otherwise stated. No AIP may be in violation of applicable laws, in particular sanctions-related regulations. Any such AIP in violation of applicable laws, including sanctions-related regulations, may be vetoed by the Security Council. Phase 1 : Temperature Check ( 1 week): The AIP is suggested on the Discourse and discussed/debated for 1 week. The AIP should be accompanied by a Snapshot poll or other method as determined pursuant to the governance process, which can only be submitted by an address that can vote at least 500 , 000 Votable Tokens. The Snapshot poll also runs for 1 week, and is decided by a simple majority with no required participation threshold. An AIP that fails the temperature check should not be submitted for a vote. Phase 2 : KYC and contract negotiations ( 0 - 14 days): During this phase, if applicable, the Ape Foundation will be tasked with oversight and administration of the AIP, including, but not limited to, conducting KYC and contract negotiations. Coming to contractual terms at this phase will allow for votes approved in Phase 4 to be self-executing. Phase 3 : Formal AIP and call for voting ( 3 days): The AIP is submitted via governance contracts on ApeChain, with a user interface available on Tally, Snapshot X, or another on-chain voting platform. The AIP proposer is required to have an address that is delegated at least 1 , 000 , 000 Votable Tokens. After 3 days, a voter distribution snapshot will be taken and the voting period will begin; this gives interested parties time to discuss the AIP and gather votes before the voter distribution snapshot is taken. Each AIP must be labeled as Constitutional or Non-Constitutional. A Constitutional AIP is one that: Process: Modifies the text or procedures of this Constitution Software update: Installs or modifies software on ApeChain Core: Takes any action that requires “chain owner” permission on ApeChain Recommended guideline: DAO members should vote against any AIP that is incorrectly labeled. A Non-Constitutional AIP is one that is not considered a “Constitutional AIP” including: Funding: Requests funds/grants or otherwise propose how to spend or allocate funds from the DAO Treasury and, so long as the Ape Foundation exists, the ability to clawback the remaining funds in the DAO-Controlled Drip Contract Informational: Provides general guidelines or information to the community but does not otherwise propose a new feature or update As a recommended guideline, an AIP should include: Team Description - A brief description of the team. Proposal Description - A summary outlining the proposal. Benefit to ApeChain - An explanation of how the proposal benefits ApeChain. Definitions - Definitions of any terms within the proposal that are unique to the proposal, new to the ApeCoin community, and/or industry-specific. Steps to Implement - The steps to implement the proposal, Including the project’s start and end dates, any milestones and key performance indicators, any associated costs, personnel, and platforms needed for each step., and any requests directed to the APE Foundation for each step. Reporting Expectations - A schedule for sharing progress reports to the community. Overall Cost - The total cost to implement the AIP. As a recommended guideline, the AIP author can add additional fields to any template if necessary to fully communicate the intentions, specifics and implications of the AIP. As a recommended guideline, resubmitted AIPs should also include: A link to the original AIP; Reasons such original AIP was not approved; Changes that have been made and why it should now be approved; and Any additional fields to any template if necessary to fully communicate the changes made and the intentions, specifics and implications of such resubmitted AIP. Phase 4 : DAO votes on AIP, on ApeChain ( 14 - 16 days): During this Phase 4 , the ApeCoin DAO will be able to vote directly on-chain on a submitted AIP. An AIP passes if the following 2 conditions are met: More Votable Tokens have casted votes “in favor” than have casted votes “against” (“Threshold 1 ”); and In the case of a: Constitutional AIP, at least 5 % of all Votable Tokens have casted votes either “in favor” or “abstain”; or Non-Constitutional AIP, at least 3 % of all Votable Tokens have casted votes either “in favor” or “abstain” (collectively, “Threshold 2 ”). The voting period ends 14 days after the start of voting. However, if Threshold 2 is reached within the last 2 days of the 14 -day voting period, the voting period will be extended to end 2 days after Threshold 2 was reached. If the AIP fails to pass, the process ends after this Phase 4 . If the AIP passes, then: If it is a Constitutional AIP, Phases 5 through 8 below are carried out. If it is a Non-Constitutional AIP, Phase 5 is carried out, and then Phases 6 and 7 are bypassed, after which the AIP enters Phase 8 immediately. Phase 5 : L 3 Waiting Period ( 3 days): After an AIP has passed Phase 4 , a 3 day waiting period occurs. This gives users who object to the AIP time to initiate withdrawal of their funds or take other action on L 3 . Phase 6 : Initiate and Finalize an L 3 -to-L 2 Message (at least 1 challenge period of the rollup protocol): After the 3 day waiting period in Phase 5 has passed, an L 3 -to-L 2 message is sent indicating that the AIP was passed. When this message is finalized on L 2 , anyone can redeem it to complete this step and initiate the next step. This step ensures that the completion of the L 3 waiting period will be recognized on L 2 after any withdrawals initiated during or soon after the voting period have been recognized on L 2 . Phase 7 : L 2 Waiting Period ( 3 days): Following the completion of Phase 6 , there will be an additional 3 day waiting period. This ensures that users who initiated withdrawals or other L 3 -to-L 2 messages have time to execute them on L 2 before the AIP takes effect. Phase 8 : Implementation: The AIP is fully executed and implemented. This may happen on L 2 or via a transaction sent from L 2 to ApeChain. This AIP process as specified will typically require 37 days from the beginning of the temperature check in Phase 1 until an AIP is finally executed in Phase 7 for a Constitutional AIP, or 27 days for a Non-Constitutional AIP. An AIP may optionally specify further delay before its implementation. Section 3 : The Security Council The Security Council is a committee of 9 members who are signers of a multi-sig wallet, which has powers to perform certain Emergency Actions and Non-Emergency Actions, as delegated to it by the ApeCoin DAO and the Ape Foundation, and is responsible for upholding this ApeCoin DAO Constitution. Through the submission, approval and implementation of a Constitutional AIP, the ApeCoin DAO is able to modify the Security Council’s powers or to eliminate the Security Council entirely. Equivalent “copies” of the Security Council multi-sig contracts exist, one on Arbitrum One and another on ApeChain. Emergency Actions: The Security Council has the power to execute any software upgrade or perform other required actions with no delay in order to respond to a security emergency, should one arise (such actions, “Emergency Actions”). Performing any Emergency Action requires a 7 -of- 9 approval from the Security Council. The Security Council must not use its power to perform Emergency Actions except in a true security emergency, such as a critical vulnerability that could significantly compromise the integrity, confidentiality, or availability of ApeChain. After performing any Emergency Action, the Security Council must issue a full transparency report (at an appropriate time after the security emergency has passed) to explain what was done and why such Emergency Action was justified. The ApeCoin DAO is able to curtail or eliminate the Security Council’s power to perform Emergency Actions via approval and implementation of a Constitutional AIP. Non-Emergency Actions: The Security Council may also approve and implement routine software upgrades, routine maintenance and other parameter adjustments in a non-emergency setting, as well as veto AIPs which violate applicable law or otherwise put the integrity, security and safety of the ApeCoin DAO, ApeChain or the Ape Foundation at risk. These actions (“Non-Emergency Actions”) require a 5 -of- 9 approval in order to take effect. Any software related Non-Emergency Action, after approval by the Security Council, will bypass Phases 1 to 4 of the AIP process and instead directly go through Phases 5 to 8 of the AIP process, to provide a delay before any Non-Emergency Action is deployed. The Security Council may optionally specify additional delays before deployment. Other Non-Emergency Actions may be utilized during Phase 5 to ensure the security, integrity and safety of the ApeCoin DAO, ApeChain or the Ape Foundation. The ApeCoin DAO is able to curtail or eliminate the Security Council’s power to perform Non-Emergency Actions via approval and implementation of a Constitutional AIP. Section 4 : Security Council Elections​ The Security Council has 9 members, who are divided into two Cohorts of 4 and 5 members. The members of the initial Security Council are: Matthew Katz (Caldera) Bill Lingafelter (LayerZero) [Placeholder] (Offchain Labs) Quit (Yuga Labs) Feld (Boring Security) Roman (Ape Express) Gerry (Ape Solar, Former APE Foundation) BoredApeG (APE Foundation) CaptainTrippy (Banana Bill) The initial Security Council Cohorts were determined by randomly splitting the 9 members into two 6 -member cohorts – 4 members in the ‘First Cohort’ and 5 members in the ‘Second Cohort’. The first Security Council election is scheduled to begin on the 15 th May 2025 or the earliest possible date. The election can only begin upon the availability of an on-chain election process that is approved and installed by the ApeCoin DAO. This first election replaces the ‘First Cohort’. The next election replaces the ‘Second Cohort’ and so forth. The date chosen for the first election will form the basis for all future elections. Every election should begin 6 months after the previous election has started and it will replace its respective cohort of 4 or 5 members. All Security Council members are expected to serve their term until the election is complete and the new Security Council members are installed. The following timeline governs an election that starts at time T: Contender submission (T until T+ 7 days): Any DAO member may declare their candidacy for the Security Council, provided that a current Security Council member in one cohort may not be a candidate for a seat in the other cohort. Nominee selection (T+ 7 until T+ 14 days): Each DAO member or delegate may vote for their declared contender. Each token may be cast for one contender. To the extent that there are more than six contenders, each eligible contender must be supported by pledged votes representing at least 0 . 2 % of all Votable Tokens. Compliance process (T+ 14 until T+ 28 days): All candidates will cooperate with the Ape Foundation and complete the compliance process. The Ape Foundation is responsible for removing any candidates that fail the compliance process. In the event that fewer than 4 or 5 (as applicable] candidates are supported by pledged votes representing at least 0 . 2 % of all Votable Tokens, the current Security Council members whose seats are up for election may become candidates (as randomly selected out of their Cohort) until there are [ 4 or 5 (as applicable)] candidates. Member election (T+ 28 until T+ 49 days): Each DAO member or delegate may vote for any declared candidate. Each token may be cast for one candidate. Votes cast before T+ 35 days will have 100 % weight. Votes cast between T+ 35 days and T+ 49 days will have weight based on the time of casting, decreasing linearly with time, with 100 % weight at T+ 35 days, decreasing linearly to 0 % weight at T+ 49 days. At T+ 49 days: The process for replacing the cohort of Security Council members with the [ 4 or 5 (as applicable)] candidates who received the most votes will be activated. The installation process must be executed via the on-chain governance smart contracts and it may take several days until the new Security Council members are installed. The Ape Foundation is allocated 14 days for the Compliance process and it should be executed between the Nominee selection and Member election. The Ape Foundation has flexibility to update its compliance policy for every new election. This is required to allow the Ape Foundation to comply with Cayman Island laws. Furthermore, the Ape Foundation maintains the right to issue new procedures and guidelines for off-chain components of the Security Council election. All efforts should be made by the Ape Foundation to ensure an orderly, fair, and transparent election. As a matter of best practice for maintaining an independent Security Council, no single organization should be overly represented in the Security Council. In particular, there should not be more than 3 candidates associated with a single entity or group of entities being elected to the Security Council, thereby ensuring that there will be no single entity or group of entities able to control or even veto a Security Council vote. Furthermore, no candidate with conflicts of interest that would prevent them from acting in the best interests of the ApeCoin DAO, ApeChain and/or the Ape Foundation should be elected to the Security Council. Potential conflicts of interest could be, but are not limited to, affiliations with direct ApeChain competitors, proven histories of exploiting projects and others. The DAO may approve and implement a Constitutional AIP to change the rules governing future Security Council elections, but the AIP process may not be used to intervene in an ongoing election. Security Council members may only be removed prior to the end of their terms under two conditions: At least 5 % of all Votable Tokens have casted votes either “in favor” of removal or “abstain”, and at least 5 / 6 ( 83 . 33 %) of all casted votes are “in favor” of removal; or At least 7 of the Security Council members vote in favor of removal. The seats of Security Council members who have been removed prior to the end of their respective terms shall remain unfilled until the next election that such seats are up for appointment, unless otherwise replaced prior to such next election by a vote of at least 7 of the Security Council members, in which case such seat shall be up for appointment at the next such election. The Security Council may not re-appoint a removed member and they can only be re-elected via the election voting system. Section 5 : Data Availability Committee​ Transactions occurring on the ApeChain are settled on Arbitrum One, with the underlying transaction data batches posted and stored by the members of the Data Availability Committee on a Data Availability Server (and not on Arbitrum One). The members of the Data Availability Committee of ApeChain are the following: Yuga Labs Offchain Labs Animoca Caldera Magic Eden LayerZero Labs Horizen Labs Data Availability Committee members can be appointed and removed at any time pursuant to a Constitutional AIP approved by the ApeCoin DAO. In the event that a Data Availability Committee member is removed (and not otherwise replaced) pursuant to a Constitutional AIP approved by the ApeCoin DAO, or in the event that a Data Availability Committee member resigns without a replacement, the Security Council may execute an Emergency Action ( 7 -of- 9 approval required) to appoint a replacement for such removed or resigned Data Availability Committee member. Section 6 : Community Values​ As the guiding values of the ApeCoin DAO and the Ape Foundation, ApeChain, technology, and community should be: Boldness: We don’t shy away from the weird, the hard, or the new. Equality: One APE equals one APE. Transparency: Processes and decisions are shared openly with the community. Collective Responsibility: We leave everything better than we found it. Persistence: Success is an ouroboros, not a straight line. DEFINITIONS: The definitions in the Constitution are referenced and incorporated herein. PLATFORMS & TECHNOLOGIES: Snapshot Tally, Snapshot X, or other on-chain voting platform Arbitrum Nitro technology stack STEPS TO IMPLEMENT: Implementing ApeCoin DAO governor contract and adding it as an “owner” of ApeChain contracts Moving 65 % of treasury held by Ape Foundation to on-chain treasury Deprecating AIP- 1 and AIP- 2 via adoption of the ApeCoin DAO Constitution OVERALL COST Total Cost: $ 0 . This AIP represents a cost savings of $ 400 , 000 Each Security Council member shall receive $ 25 , 000 per year. There are 9 Security Council members proposed. The total cost of which would be $ 225 , 000 . However, Special Council members currently receive $ 125 , 000 per year. There are 5 of them, representing a total cost of $ 625 , 000 . This role is being eliminated, which offsets the $ 225 , 000 for the Security Council and saves the DAO an additional $ 400 , 000 .
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  • VonFrontin: Several clarifying questions: What are the dollar amounts associated with this? 35% feels big. Can you help us understand why this is the right amount for the Ape Foundation to be able to run its operations? Also, can you describe what “Power directly in the hands of the ApeCoin DAO” means? Ape.Admin: On-chain DAO treasury using Governor Bravo contracts 65/35 split 65% of total treasury placed on-chain for the ApeCoin DAO 35% of total treasury provided to Ape Foundation for its Administrative Budget Power directly in hands of ApeCoin DAO Does the following mean that only authors with 500,000 $APE can submit proposals? If so, I’ll have several follow up questions, but want to give you the opportunity to answer this first. Ape.Admin: Phase 1: Temperature Check (1 week): The AIP is suggested on the Discourse and discussed/debated for 1 week. The AIP should be accompanied by a Snapshot poll or other method as determined pursuant to the governance process, which can only be submitted by an address that can vote at least 500,000 Votable Tokens. The Snapshot poll also runs for 1 week, and is decided by a simple majority with no required participation threshold. An AIP that fails the temperature check should not be submitted for a vote. Similar question as above, does the below mean that authors would then need to have an additional 500,000 $APE (1,000,000 $APE in total) delegated to them in order to unlock voting? Ape.Admin: Phase 3: Formal AIP and call for voting (3 days): The AIP is submitted via governance contracts on ApeChain, with a user interface available on Tally, Snapshot X, or another on-chain voting platform. The AIP proposer is required to have an address that is delegated at least 1,000,000 Votable Tokens. Additionally, while the spirit of the AIP says that the DAO focus on ApeChain, it is silent on the types of AIPs that would be accepted to further this. Is this intentional? If not, clarification of the types of AIPs this AIP is seeking to have the DAO fund would be helpful. Again, several follow up questions depending on the answer here, but will give you the chance to answer the first question. Appreciate all you do for the DAO, but given this is a significant shift in the direction of the DAO, I hope we can have a robust discussion about this before it ultimately goes to a vote.
  • nataliecrue: Ape.Admin: Phase 1: Temperature Check (1 week): The AIP is suggested on the Discourse and discussed/debated for 1 week. The AIP should be accompanied by a Snapshot poll or other method as determined pursuant to the governance process, which can only be submitted by an address that can vote at least 500,000 Votable Tokens. The Snapshot poll also runs for 1 week, and is decided by a simple majority with no required participation threshold. An AIP that fails the temperature check should not be submitted for a vote. This is a GROSS misstep that disenfranchises the average community member in this DAO and continues the trend of power grabbing at the expense and health of this DAO all while centralizing decision making and power within a group comprised of a select few. Furthermore, the treasury and adjacent structures should remain as is and not sent to a treasury controlled by said group of companies and individuals. Funding should be available to ALL token holders and no minimum amount of tokens should be a requirement of such. Proposers shall not have to meet a minimum requirement of tokens. Lastly, the security council should be an even balance between reps from these companies and community members. This election should be fair, open and equitable. There shall be clauses that allow for the removal of security council members as at the moment this is extremely vague and lacks specificity. The suggested conditions that details the ways in which members may be removed are not sufficient and also may lead to . The quorum should be sufficient and equitable. Seats should also not be dictated by a percentage of token holders.
  • furiousanger: Ape.Admin: OVERALL COST Total Cost: $0. Let’s just keep it simple rn (although I have several more questions & concerns). You’re seeking to assign 100% of our DAO funds; ring-fencing & allocating 35% for administrative costs over 18months. Meaning a 69% super majority threshold should be imposed on this AIP by the foundation, however, the issue ofc is the foundation are the ones proposing this change. Zero cost label is completely unpalatable for me, & ngl deeply offensive.
  • bigbull: Nice work to review this. Ape.Admin: In the case of a: Constitutional AIP, at least 5% of all Votable Tokens have casted votes either “in favor” or “abstain”; or Non-Constitutional AIP, at least 3% of all Votable Tokens have casted votes either “in favor” or “abstain” (collectively, “Threshold 2”). Small adjustment, it actually would include abstain in the total. ernestlee: and that at least 3% or 5% or all Votable Tokens for “in favor” during the final on-chain voting. It is interesting to see what could pass in terms of Constitutional votes. 32.5M in favour or abstain as a min. Also this shows how they define Circulating supply. @ernestlee @furiousanger docs.arbitrum.foundation What is the token circulating supply? | Arbitrum DAO - Governance docs Learn about the Arbitrum token circulating supply Note the numbers suggested by Waabam line up to here. To submit a temperature check using a Snapshot poll, you must have an Ethereum wallet address with 500,000 votable tokens1; to submit a proposal on-chain using Tally, you must have an Ethereum wallet address that represents at least 1,000,000 votable tokens. docs.arbitrum.foundation How to submit a DAO proposal | Arbitrum DAO - Governance docs Learn how to submit a proposal to the Arbitrum DAO's governance forum by using Snapshot to conduct a temperature check, and then Tally to facilitate an on-chain vote. I actually suggested something similar back in August, but with different amounts. Reform of the Voting Systems in the ApeCoin DAO General Below are some ideas based on what other leading DAOs are already doing. Also, I think we need to think how the DAO wide elected Stewards can play an important role in this process. Function of Stewards Suggest a new model of compensation for Stewards that will have a part of compensation in USDT and part in APE that is vested over 1 year, but the voting weight is immediately given via Hedgey Finance, see info Hedgey Vesting. This will enable Stewards to have sufficient APE voting power to b… Reform of the Voting Systems in the ApeCoin DAO Potential New Structure - Model A: Criteria AIP - Ops / Temp Check Proposals Executable Proposals Type of proposal Offchain Onchain Location Snapshot TBC https://www.tally.xyz/gov/apecoin Function Changes to process or working groups, Temp Checks Distribution of Funds Minimum threshold to propose $100,000 APE $1,000,000 APE Quorum ≥ 10m $APE, 50% Approval for Grants funding, 66% for Constitutional changes ≥ 15m $APE*, 50% Approval (Votes ‘For’ + Abstain count towards quorum) Voting period TBC 6 days TBC 7 days Subject to time-lock? No Yes, 3 day time lock Reform of the Voting Systems in the ApeCoin DAO Type of proposal Quorum Abstain included Constitutional 1.5% N Ops - Budget 1% N Temperature Check 1% N Executable 1.5% Y Also included is a summary of a detailed FAQ. AIP-466: Proposal To Close Non-Essential Working Groups As per above, a new Discourse category called “Job Description” related to either a work for hire request or an RFP so that the DAO community can have the opportunity to participate in such hiring opportunities. Also, do you think that the Security Council comes under the definition of work for hire?
  • bigbull: Why is this the initial 9 members of the Security Council? Ape.Admin: The members of the initial Security Council are: Matthew Katz (Caldera) Bill Lingafelter (LayerZero) [Placeholder] (Offchain Labs) Quit (Yuga Labs) Feld (Boring Security) Roman (Ape Express) Gerry (Ape Solar, Former APE Foundation) BoredApeG (APE Foundation) CaptainTrippy (Banana Bill) Also can you update CaptainTrippy as: CaptainTrippy (Banana Bill, Ape Solar, Former APE Foundation) Also BoredApeG will no longer be in the APE Foundation in 7 weeks, as he would have hit the two year time limit in the Special Council. Therefore, depending on when this goes to vote his title could be adjusted. Ape.Admin: b. To address this issue, a democratically elected Security Council will be empowered to implement certain Emergency and Non-Emergency Actions, as described further in the Constitution of the ApeCoin DAO. Perhaps update this to after the initial security council selected by the Foundation a future democratically elected Security Council will be elected by May 2025. Ape.Admin: b. Additionally, with the passage of AIP-454: “The BANANA Bill: Apes Gotta Eat”, the Special Council will temporarily serve to provide oversight over the Banana Bill program until its elimination entirely. With the passage of this AIP, AIP-454 will be amended to remove references to the Special Council and instead replace their final oversight role with the directors and administrators of the Ape Foundation. Can an AIP force a change on the Banana Bill? Also, correct me if I am wrong, but would remove all Oversight of the Banana Bill from the DAO? Ape.Admin: By adopting the below proposed Constitution, inspired directly by the ArbitrumDAO Constitution, the ApeCoin DAO will be empowered to have a stronger voice and on-chain authorities and powers to shape the future I of the ApeCoin ecosystem and ApeChain. I am not sure if shifting the oversight to the Foundation would fit the definition of a strong voice for the DAO. I think a shift to a more centralised automous organisation structure would be more accurate (CAO), however retaining a DAO component. Why has the temp check level been selected at 500,000 which is more in USD terms compared to ARB or ENS? I outlined in August here: Reform of the Voting Systems in the ApeCoin DAO General Below are some ideas based on what other leading DAOs are already doing. Also, I think we need to think how the DAO wide elected Stewards can play an important role in this process. Function of Stewards Suggest a new model of compensation for Stewards that will have a part of compensation in USDT and part in APE that is vested over 1 year, but the voting weight is immediately given via Hedgey Finance, see info Hedgey Vesting. This will enable Stewards to have sufficient APE voting power to b… What type of Bicameral Governance System are you thinking of? Reference link https://www.perplexity.ai/search/what-is-a-bicameral-governance-XVq1HB4iS5CVuTOMAGXL8Q#0
  • nataliecrue: Ape.Admin: The Security Council has 9 members, who are divided into two Cohorts of 4 and 5 members. The members of the initial Security Council are: Matthew Katz (Caldera) Bill Lingafelter (LayerZero) [Placeholder] (Offchain Labs) Quit (Yuga Labs) Feld (Boring Security) Roman (Ape Express) Gerry (Ape Solar, Former APE Foundation) BoredApeG (APE Foundation) CaptainTrippy (Banana Bill) I’ve yet to see behind the rationale of selecting members to be a part of this security council. And why are none of these people women? smh!
  • furiousanger: bigbull: Also this shows how they define Circulating supply. Hi BB, I’m not sure we should automatically default to the ARB definition of circulating supply, reason being VOTABLE TOKENS (see below quote), are defined. Either way tho, totally agree this needs more clarity so there’s less ambiguity - “in existence” is one example for me where a clearer definition or ARB circulating supply reference could be used etc. Ape.Admin: Votable Tokens: All $APE tokens in existence, excluding any tokens held by the Ape Foundation, including its Administrative Budget and the DAO Treasury (including any locked APE intended for the Administrative Budget and DAO Treasury)
• Ape Foundation - Special Council Announcement by Ape.Admin - Official Ape Admin Account, This user is a moderator
  Posted on: Oct. 11, 2024, 5 p.m.
  Content: Airvey, a member of the Ape Foundation Special Council, has resigned from that position to pursue other endeavors. We thank Airvey for his contributions to the ApeCoin DAO, including co-authoring the winning bid on the ApeChain RFP (AIP- 378 ). We wish Airvey well and look forward to his future contributions to the ApeCoin DAO.
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• Regarding the Status of Returned Proposals by Ape.Admin - Official Ape Admin Account, This user is a moderator
  Posted on: Sept. 25, 2024, 2:22 a.m.
  Content: Regarding proposals that have been Returned for Reconstruction, the Foundation would like to clarify for the community that these “Returns” may also be revoked upon further review. This would have the effect of reverting a proposal tagged “Return for Reconstruction” back to its previous “AIP Draft” status, eliminating the need for those authors to completely re-submit proposals as an AIP Idea for a second time. We believe this clarification will help the community to better understand certain mechanics of the existing AIP process, and would enable some authors to have their proposals put up for vote in a more timely, expeditious fashion. Clarifying further, authors also retain the right to resubmit a proposal that has been Returned for Reconstruction, and may opt to forego the seven-day community feedback period if they so choose.
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• Ape Foundation Transparency Report - 2024 - Q1 by Ape.Admin - Official Ape Admin Account, This user is a moderator
  Posted on: Sept. 4, 2024, 3:34 p.m.
  Content: Hi ApeCoin DAO community, We are pleased to publish Q 1 2024 Ape Transparency Report. This report shows $APE balances, inflows and outflows, and grants that have been allocated, paid, and remaining. Full reports linked here Q 1 2024 (Jan-Mar 2023 ) A TLDR; version of the report can be found at this Twitter (link)
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• Ape Foundation Transparency Report - 2023 - Q4 by Ape.Admin - Official Ape Admin Account, This user is a moderator
  Posted on: April 6, 2024, 10:08 p.m.
  Content: Hi ApeCoin DAO community, We are pleased to publish Q 4 2023 Ape Transparency Report. This report shows $APE balances, inflows and outflows, and grants that have been allocated, paid, and remaining. Full reports linked here Q 4 2023 (Oct-Dec 2023 ) A TLDR; version of the report can be found at this Twitter (link)
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• AIP-406: ApeCoin DAO multi-year partnership with Redacted, a Formula One Team by Ape.Admin - This user is a moderator, Official Ape Admin Account
  Posted on: Feb. 27, 2024, 1:38 p.m.
  Content: PROPOSAL NAME: ApeCoin DAO multi-year partnership with Redacted, a Formula One Team PROPOSAL CATEGORY: Brand Decision TEAM DESCRIPTION: The APE Foundation is facilitating an AIP on behalf of [redacted], a Formula One (F 1 ) racing team (“Redacted”). Due to confidentiality undertakings at this stage, we are unable to disclose the name of Redacted until after the voting period has finished and the grant agreement has been executed. Redacted finished in the Top 6 of the 2023 Constructor Standings. ABSTRACT: The APE Foundation has been approached by a team with a strong history competing in Formula One. We are thrilled to present this proposal for a potential groundbreaking multi-year partnership between ApeCoin DAO and Redacted, an F 1 racing team. 81920 × 1080 228 KB BENEFIT TO APECOIN ECOSYSTEM: An F 1 team partnership offers a myriad of benefits, encompassing unparalleled brand exposure on a global stage. With a vast international audience reaching millions of viewers each race, the sponsorship provides an unparalleled platform for increasing brand visibility and recognition. Moreover, it offers unique opportunities for engaging with our global ApeCoin community. Beyond the track, the partnership extends to various marketing channels, including digital, social media, and events, maximizing the reach and impact of the partnership investment. Designation (Non-Exclusive): Team Partner Designation (Exclusive): Community Coin Partner Intellectual Property: Use of all Redacted marks, footage, images, and logos for approved promotional purposes subject to individual team guidelines. image 1268 × 712 88 . 3 KB OBJECTIVES The partnership objectives are: Unleash ApeCoin DAO’s first partnership in motorsports to enhance global awareness, ultimately ensuring further adoption and retention of a loyal user base for ApeCoin DAO and the partnership. Expand the ApeCoin community by actively engaging and strengthening client relationships through Redacted events and ApeCoin DAO’s curated experiences, resulting in an exclusive and aspirational customer demographic. Creating authentic storytelling, use cases through Redacted’s Web 3 initiatives and ongoing projects to demonstrate ApeCoin utilities. image 1272 × 703 217 KB TACTICAL CONSIDERATIONS To bring results against the objectives above, Redacted was sure to consider the following criteria and directions in building out its recommendations. Identify opportunities to integrate ApeCoin to the greater team motorsport network through structured events and programming. Amplify ApeCoin brand presence throughout Redacted branding assets to enhance ApeCoin credibility in the web 3 environment. Offer enhanced hospitality and high-end VIP experiences & unique experiences to this partnership that can both replace and augment ApeCoin DAO’s current initiatives. Propose compelling use cases showcasing ApeCoin solutions into our web 3 ecosystem. image 1273 × 710 151 KB KEY BENEFITS SUMMARY Below, please find a brief outline of the foundational activations that will drive results against ApeCoin’s objectives. Redacted’s full recommendation, including detailed description of the ideas below, will follow. Web 3 developments and our commitment to provide access for ApeCoin DAO to exclusive integration throughout the full Redacted ecosystem. Bespoke racetrack events that underscore and emphasize ApeCoin offering to customer settings. Bespoke platform that can be used to add value to new and current ApeCoin DAO members reinforcing ApeCoin’s position as the leading culture token in the world. Specific WEB 3 operations to unleash with ApeCoin ApeCoin shall be integrated in Redacted’s WEB 3 strategy and explore new projects boosting ApeCoin/ApeChain development. There are numerous ways in which Redacted can activate ApeCoin IP and fanbase following to drive attention and use cases for ApeCoin and ApeChain. Below is a list of non-exhaustive ideas to be explored over the year of the partnership. Limited Edition Redacted x ApeCoin merchandise with or without wearable in-game digital twins, purchasable in ApeCoin Limited Edition ApeCoin wrapped Redacted team cars with or without drivable in-game digital twins, purchasable in ApeCoin NFT traits, badges, liveries and accessories purchasable in ApeCoin to complement Redacted team collections Loyalty activations within Redacted’s network for buyers or holders of ApeCoin Loyalty activations with Redacted for engagement with the ApeCoin ecosystem (e.g. socials, newsletter sign-ups, AIP voting, proof of event attendance) Avatar crossover activations between Bored Apes and Redacted avatars on Redacted’s web 3 platform. Gaming and metaverse activations produced in partnership with ApeCoin DAO and Redacted’s other gaming partners. Creation of Redacted themed collections, locations, ships or storylines within Otherside,Dookie Dash and/or other Yuga Labs gaming offerings – gated or purchasable with ApeCoin. Release of limited edition NFTs on ApeChain. ApeCoin DAO will be able to leverage Redacted drivers to share educational videos on how ApeCoin offers utilities to holders. ApeCoin DAO will have priority as Community Coin Partner to be engaged in new web 3 projects and to be used as a payment system for specific Redacted projects. Redacted will endeavor to create opportunities within the development of digital collectibles to amplify ApeCoin brand visibility amongst Redacted’s growing fan community. Redacted x ApeCoin driver uniform special edition Redacted should develop with its official apparel partner a special one race jersey edition worn by Redacted drivers during Grand Prix weekend. This edition will be available for sales exclusively to ApeCoin holders. The design will see ApeCoin having a prominent branding presence on the stomach. image 550 × 650 82 . 3 KB For illustrative purposes only, not the final design. Signage and Brand Placements Redacted Car Brand Placements ApeCoin DAO shall receive the following season-long brand placement on the ApeCoin Redacted cars: REAR ENGINE COVER LOWER image 1021 × 582 40 . 1 KB Redacted Brand Placements Alongside integration into the motorsport team logos, ApeCoin DAO shall also receive the following standalone season-long brand placement across all competitions: Driver Uniform 1 , race TBD, integrating ApeCoin designed and worn by Redacted drivers during the selected Grand Prix. Replica jersey will be produced and available only to ApeCoin holders. Team Collateral Branding (i.e., partner stack, HQ reception, team transporters, team motorhome (European races only), press paper, website, media backdrop, garage panels, etc.) At-Track Hospitality and Experiences F 1 Premium Tickets** ApeCoin DAO shall receive: Ten ( 10 ) Las Vegas Premium Hospitality Tickets (e.g. Koval straight in 2023 ) Additional tickets can be purchased on top of limited allocation Ten ( 10 ) Premium Tickets (Premium races: Miami, Singapore, Austin, Abou Dhabi) Additional tickets can be purchased on top of limited allocation Twenty ( 20 ) Premium Tickets (classic races: all grand prix not mentioned above) Additional tickets can be purchased on top of limited allocation **Each Premium tickets provides access to all three days of a race weekend. Most partners divide the Premium hospitality between each of the three days of a race weekend to triple the opportunities (i.e. up to 120 tickets). The Redacted Premium ticket holders will get access to: All day hospitality with gourmet cuisine and an open bar serving premium drinks. Best seats in the house viewing experience with views of the pit lane including the start and finish line. Daily walks in the pit lane where your guests can watch the mechanics working on the cars up close. Guided tour of the Redacted garage. Appearances by key team personnel including Team Drivers. A special gift bag with branded merchandise from Redacted and race program. ApeCoin DAO shall also receive the right to purchase additional Premium tickets at partner rate. Circuit Admission Tickets ApeCoin DAO shall receive Twenty-five ( 25 ) Circuit admissions tickets total for use at F 1 races as selected and subject to availability. Each circuit admission tickets provides access to all three days of a race weekend. Most partners divide these tickets between each of the three days of a race weekend to triple the opportunities (i.e. up to 75 tickets). Redacted Passes ApeCoin DAO may request team passes over the term of the partnership. Team Passes allow for “backstage access” to a space reserved for Drivers, Team Principals, Pit Crew, Team Staff, and VIP guests. Such passes should be used in line with a Premium Ticket and include the right to watch live sessions from the Redacted Garage and access to the podium ceremony. All team passes are to be used in conjunction with a Premium tickets. Motorhome / Team Dinner ApeCoin DAO shall receive one (a) private dinner events at the Redacted motorhome space, each for up to six ( 6 ) guests, on Thursdays or Fridays of race weekends (except few overseas races with small hosting area). Car Launch Car Launches: Three ( 3 ) passes to the car launches each season. Access to Drivers & Management Driver Appearances ApeCoin DAO shall receive: Three ( 3 ) Redacted driver appearances during the race weekend In addition, all ApeCoin DAO guests visiting Redacted shall have the opportunity to meet the Redacted drivers, subject only to their racing, engineering and media duties. The Redacted drivers shall also visit the team’s guests in the Redacted premium suite at selected times during each race weekend. Two ( 2 ) Academy Team Driver appearance during the race weekend. Senior Management / Leadership Appearances ApeCoin DAO shall receive: Four ( 4 ) senior management / leadership appearances during the race weekend. Ambassador Appearances Redact shall explore activations and collaborations with one ( 1 ) Ambassador per year to promote ApeCoin partnership. Merchandise, Account Management, and Measurement Memorabilia ApeCoin DAO shall receive: Fifty ( 50 ) Redacted driver signed caps signed by 1 x Redacted driver. One hundred ( 100 ) official Redacted polo shirts. Digital Media and Launch Plan Digital Integrations ApeCoin DAO shall receive: Landing Page: A dedicated landing page on Redacted Racing website(s). Social Media Posts Two ( 2 ) bespoke social posts relating to ApeCoin x Redacted content on agreed social channel, on at least two Redacted social media channels Launch Plan ApeCoin DAO and Redacted shall jointly announce the partnership across all Redacted social channels through a coordinated, multi-channel launch strategy that will include a press release and partnership video. image 1280 × 716 94 . 5 KB KEY TERMS: F 1 : Formula One Redacted: A Formula One racing team Designation (Non-Exclusive): Team Partner Designation (Exclusive): Community Coin Partner Intellectual Property: Use of all Redacted marks, footage, images, and logos for approved promotional purposes subject to individual team guidelines. PLATFORMS & TECHNOLOGIES: Redacted WEB 3 Platform/Ecosystem: a bespoke platform for ApeCoin. To be developed and revealed as part of the partner reveal. ApeChain : The ApeCoin DAO approved ApeChain. STEPS TO IMPLEMENT & TIMELINE: The APE Foundation will work with Redacted to execute its grant agreement. Upon execution of the agreement, the name of Redacted will be revealed. The APE Foundation will work closely with Redacted for the entire implementation of the program while soliciting feedback from the ApeCoin community on ways we can optimize the experience for the DAO. The APE Foundation will oversee custody of the F 1 experience tickets/merch/benefits, but the intention is for the APE Foundation and Redacted to develop a framework for distribution to be proposed to the ApeCoin community. The purchase of additional tickets (if any) would be done via an AIP. The expectation is that granular details surrounding the implementation of the partnership will need to be determined. The APE Foundation will communicate with the ApeCoin community regarding the next steps of this process. OVERALL COST: Amount requested from the ApeCoin Ecosystem Fund = € 5 , 125 , 000 total over the first two years proposed Year-One payment schedule: 40 % € 1 , 000 , 000 . 00 , upon approval of the AIP and the execution of the grant agreement 30 % € 750 , 000 . 00 , April 2024 30 % € 750 , 000 . 00 , June 2024 Year-Two payment schedule: € 1 , 050 , 000 . 00 , February 2025 € 787 , 500 . 00 , April 2025 € 787 , 500 . 00 , June 2025 ApeCoin DAO retains the option to renew the partnership for a third year, following the payment schedule above, with a 5 % escalator. The DAO may choose to exercise this option with a follow up AIP. Formula 1 : Drive to Survive - Season 6 | Official Teaser | Netflix
  Likes: 10 Replies: 2
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  • furiousanger: Ape.Admin: The APE Foundation is facilitating an AIP on behalf of [redacted], a Formula One (F1) racing team (“Redacted”). Due to confidentiality undertakings at this stage, we are unable to disclose the name of Redacted until after the voting period has finished and the grant agreement has been executed. How can the community make a fair assessment of a proposal when the AIP is being made on behalf of a phantom? Vote ‘FOR’ an initial €5,000,000 payout based on withheld information. IMO proposals with the words “on behalf of……redacted” have no place here. The APE FOUNDATION has obviously failed in their duties to clearly explain to the “redacted” what a DAO is and how we work!!!
  • furiousanger: Ape.Admin: F1 Premium Tickets** ApeCoin DAO shall receive: Can I ask how will these be distributed? Fairly to any apecoin holder via a verified random process? OR Shared out to “top-brass”/reserved for the most “highly-active” DAO members? Some clarification/commitment would certainly be appreciated. I’d like to see all of these perks distributed fairly to apecoin holders, and not a pre-selected few.
• Process for Requesting a Trademark Agreement [AIP-291] by Ape.Admin - This user is a moderator, Official Ape Admin Account
  Posted on: Feb. 6, 2024, 3 a.m.
  Content: Hi ApeCoin community, We are excited to announce an update regarding the implementation of the process for AIP- 291 ! To request the use of the ApeCoin DAO’s trademark, please adhere to the following procedure: Initiate your request by sending an email to trademarks@apecoin.com. Once your email is received, you will be provided with instructions on how to access the request form. In the email you receive, you will find a link leading you to the request form, where you can provide the details for your trademark request. Complete the form by filling in all the required fields with accurate and comprehensive information. After you’ve submitted the form, your trademark request will undergo a thorough review and evaluation by the Ape Foundation. Please be aware that successful applicants granted permission to use the trademark must fulfill two additional steps: Trademark Agreement: You will receive a trademark agreement that outlines the terms and conditions of using the trademark. It’s essential to thoroughly review the license agreement, ensuring you understand and agree to its provisions before signing. KYC (Know Your Customer) Process: As part of our due diligence, successful applicants will be required to complete a KYC process. It’s important to note that the Foundation reserves the right, at its sole discretion, to decline trademark use requests or refer them to the AIP process. Furthermore, following the execution of a successful Trademark Agreement, both the Ape Foundation and the ApeCoin DAO community will engage in ongoing monitoring of trademark usage. This monitoring will ensure adherence to quality standards, alignment with brand guidelines, and overall appropriate usage. Please be aware that the license agreement is revocable and may be terminated at the discretion of the Ape Foundation. We appreciate your interest in using the DAO’s trademark and your respect for the brand. Following these steps will enable a smooth and transparent process for requesting trademark use. Please contact the @Moderators if you have any questions about entering the process. For community members whom are approved to use ApeCoin DAO’s trademarks please refer to this guide for the proper usage of the ApeCoin logo and marks. Usage Guide
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• ApeChain: Build an ApeChain - Vote For or Against by Ape.Admin - This user is a moderator, Official Ape Admin Account
  Posted on: Feb. 1, 2024, 12:04 p.m.
  Content: PROPOSAL NAME ApeChain: Build an ApeChain - Vote For or Against PROPOSAL CATEGORY Process ABSTRACT This vote is to decide whether or not to proceed with the results of the proposal titled “ApeChain: Selection of proponent to build ApeChain”, which aims to select a proponent to build ApeChain, a dedicated ApeCoin blockchain that scales $APE and supports the growth of the ApeCoin ecosystem. BENEFIT TO APECOIN ECOSYSTEM The potential proponents will be the providers who chose to apply and qualified for the Request for Proposals (RFP) advertised here: ApeChain: Request for Proposals General 1 . Introduction The ApeCoin community seeks a proponent to build ApeChain, a dedicated ApeCoin blockchain that scales $APE and supports the growth of the ApeCoin ecosystem. Over community discussions in recent weeks and months, it has become clear that the ApeCoin community would like a Request for Proposals (RFP) process for ApeChain. In order to assist with this process, the APE Foundation is announcing this RFP to select a proponent to build ApeChain. 2 . Background ApeCoin is a fungible E… STEPS TO IMPLEMENT Voting FOR = Approve the continuation of voting of ApeChain: Selection of proponent to build ApeChain Voting AGAINST = Disapprove the continuation of voting of ApeChain: Selection of proponent to build ApeChain and delete the Snapshot VOTING PERIOD 6 -days OVERALL COST $ 0
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• Implementation Update | AIP-362: Establish bi-monthly AIP voting periods by Ape.Admin - This user is a moderator, Official Ape Admin Account
  Posted on: Jan. 15, 2024, 12:35 p.m.
  Content: The APE Foundation is exercising its right outlined in AIP- 362 to modify the voting period, and will be implementing a 13 -day voting period as opposed to the 14 -day voting period initially suggested by AIP- 362 . This 13 -day voting period adds a 24 -hour window between voting periods, which is a necessary buffer window so that the APE Foundation has the administrative time to take snapshots and post the AIPs on Snapshot, which is particularly important when a vote that is active on Snapshot has implications for a vote going to Snapshot in the immediately subsequent voting period (e.g. election votes with two rounds, etc). Please take notice that this change will be implemented starting in the next voting period, beginning Thursday January 19 th, 2024 , and going forward. Tagging AIP Author: @BoredClubCanada
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• APE Foundation Players – The Special Council [AIP-282] by Ape.Admin - This user is a moderator, Official Ape Admin Account
  Posted on: Jan. 2, 2024, 3 a.m.
  Content: The Special Council job responsibilities encompass the following, though they are not limited to the items listed below: Reviewing AIPs Conducting meticulous reviews and evaluations of proposed AIPs, integrating critical and analytical perspectives to grasp the depth and breadth of each AIP Engaging in thoughtful and informed discussions with fellow SC members and the APE Foundation on potential impacts and benefits of AIPs Participating in internal votes to send AIPs to vote by the ApeCoin DAO after comprehensive discussions, as outlined by Phase 6 of The Process in AIP- 1 Attending regular meetings with the APE Foundation, ApeCoin DAO administrator, directors, and legal counsel to ensure strategic alignment and operational flow Actively participating in ApeCoin DAO governance, contributing insights and ideas to upholding the principles and mission of ApeCoin DAO where appropriate Exploring regulatory strategies in order to comply with relevant laws and regulations and mitigating legal risks to the ApeCoin DAO ecosystem Stewarding the Treasury, ensuring efficient utilization of resources and implementing fiscal policies in support of the ApeCoin DAO’s objectives Overseeing the APE Foundation administrators and other foundation service providers to ensure their tasks are executed appropriately, efficiently, diligently, and in a timely manner. Consistently exploring innovative strategies to enhance the governance structure and processes of the ApeCoin DAO with a commitment to the improvement and adaptability of the ApeCoin DAO Regularly attending ApeCoin DAO meetings with Working Group Stewards and Discourse Facilitators, contributing actively to discussion and ApeCoin DAO governance processes Actively engaging with the community and broader ecosystem, fostering a collaborative environment and establishing positive relationships amongst all ApeCoin DAO members Contributing to conversations in various ApeCoin DAO communication channels, facilitating discussions and providing updates on ApeCoin DAO initiatives Providing responses to community members and fostering open communication, ensuring that inquiries, concerns and suggestions are adequately addressed Participating in relevant spaces/events, representing the community’s interests and expanding the ApeCoin DAO network within the broader ecosystem Collaborating with the community in an effort to guide the general direction of the ApeCoin DAO, ensuring the ApeCoin DAO’s objectives align with the needs and interests of the broader community Working with the community to facilitate DAO initiatives; leveraging collective knowledge and resources to drive the implementation of strategic goals Proactively exploring and identifying opportunities for the ApeCoin DAO, fostering growth and advancement in line with the ApeCoin DAO’s strategic goals Advocating for the ApeCoin DAO within the broader web 3 and non-web 3 communities, including the adoption and decentralization of ApeCoin DAO with the intent of expanding its reach and influence in resilient ways Advocating for the adoption of ApeCoin across diverse demographic and geographic scopes Planning for sustainability of APE Foundation’s and ApeCoin DAO’s operational expenses Stewarding the intellectual property rights of the ApeCoin DAO Requirements of Special Council members: Comprehensive knowledge and understanding of the ApeCoin DAO structure, including the APE Foundation, its functioning and relevant governance protocols Flexibility/adaptability to commit full-time hours when required Excellent communication skills, with the ability to articulate complex ideas clearly and effectively across diverse audiences Demonstrative leadership skills, including the ability to guide multiple teams and inspire others toward achieving ApeCoin DAO goals Exceptional attention to detail, ensuring accuracy and thoroughness in all aspects of the role A strong desire for community service, manifesting in a commitment to work towards the betterment of the ApeCoin DAO community and broader ecosystem Expectations of Special Council members: Maintaining availability for meetings, events hosted by the APE Foundation and/or ecosystem members, discussions, or otherwise, on a flexible basis, including adapting to varying schedules and committing necessary hours to fulfill responsibilities effectively Demonstrate flexibility in terms of working hours, showing willingness and ability to accommodate changing schedules and deadlines in line with the ApeCoin DAO’s requirements and needs Ensuring that they are adequately informed on all AIPs
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