Profile of Feld in ApeCoin

Posts by Feld

• Implementation Update | AIP-133: Boring Security - For The Long Haul! by Feld - Accepted AIP Author
  Posted on: Dec. 2, 2024, 9:54 p.m.
  Content: Sorry for the late reply here. If you’re looking for our more recent Implementation Update, please see here: Implementation Update | AIP- 373 : Boring Security - Runnin’ It Back AIP Implementation Updates AIP Name: AIP- 373 : Boring Security - Runnin’ It Back Implementation Status: Pending Author: @Feld Abstract Summary: Boring Security is seeking $ 239 , 000 for FY 24 . We are seeking funds to deploy into a Uniswap V 3 Liquidity Pool where Boring Security DAO can take structured withdrawals from yield generated month over month to cover its operating expenses not covered by partnership income and other grants. Overall Cost: $ 239 , 000 USD, denominated in ApeCoin Related AIPs: AIP- 9 : Boring Security -… In 2023 , Boring Security made significant advancements in enhancing security education and community engagement. The year was divided into two main phases: DAO-mode: Engage and Partner Everywhere & Metaverse Expansion. Phase 4 : Q 4 2022 & Q 1 2023 - DAO-mode: Engage During this phase, Boring Security focused on establishing a robust foundation for its decentralized autonomous organization (DAO). Key milestones achieved included: Funding and Treasury Setup: Setup and established the DAO’s deFi strategy, utilizing Uniswap V 3 LPs, and ApeCoin Staking. Participated in Gitcoin Rounds and received around 10 k USD in funding through quadratic funding! Supporter NFT Purchase by Mutant Cartel DAO Tooling Deployment: The team deployed critical DAO tools, such as ThriveCoin, Wonderverse, Snapshot, and DeForm. Custom bots were developed to enhance efficiency in class attendance tracking and scam domain detection. Community Engagement: Three Show & Tell sessions were held with DAO supporters, featuring projects like Revoke, Stelo, Safe Soul, and Pocket Universe. image 1000 × 1000 92 . 8 KB image 1920 × 1920 400 KB POAP - Pocket U 1920 × 1920 451 KB Launched four ThriveCoin seasons, which included a meme contest and the Safu Soldiers contest. The organization conducted four community raffles, awarding over $ 13 , 000 in APE and distributing multiple NFTs, such as those from Mutant Cats DAO, A.P.E. Keycard, ETH Towers, and Quirkies. Phase 5 : Q 2 2023 - Q 4 2023 - Partner Everywhere & Metaverse Expansion In the latter half of the year, Boring Security aimed to make security education more accessible and engaging. The following milestones were accomplished: Partnership Integration: By the end of 2023 , Boring Security established partnerships with over 90 communities, including notable names such as Mocaverse, Art Blocks, and Pudgy Penguins. These collaborations enhanced the organization’s outreach and influence within the ecosystem. image 1920 × 1080 332 KB Boring Security formalized partnerships with education-focused organizations like Ledger and Open Campus, which are expected to bolster the sustainability of the DAO and enhance educational offerings. Content Library Development: Expanded the content into multiple languages. The Boring Security website is now accessible in eight languages, catering to a diverse audience. 2 new classes developed from scratch and launched: Social Media Security, and Sleuthing Basics image 1920 × 1920 499 KB image 1920 × 1920 399 KB Metaverse Deployment & Learning Experiences: The Boring Security Oncyber classroom was built and established, hosting multiple introductory classes ( 101 and 102 ) to provide a more engaging learning experience for users. oncyber 11920 × 834 99 . 8 KB Partnered with Ledger in the developing and launching the ApeCoin Ledger Quest campaign last March-April 2023 image 1575 × 833 72 . 6 KB In addition to these initiatives, Boring Security successfully recovered over 36 BAYC and 18 MAYC NFTs that were compromised during the NFT Trader exploit in December 2023 . This recovery was achieved through on-chain communication and negotiation with the exploiter, demonstrating the trust and credibility Boring Security has built as a reputable Web 3 brand. x.com Boring Security @BoringSecDAO All 36 BAYC and 18 MAYC that the exploiter had are now in our possession. We sent her 10 % of the floor price of the collections as bounty. We will be working with the affected victims getting them back to them free of charge. Right after this coffee break... Victims please… x.com/i/web/status/ 1 … 5 : 54 AM - 17 Dec 2023 3 K 710
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• Implementation Update | AIP-373: Boring Security - Runnin’ It Back by Feld - Accepted AIP Author
  Posted on: Sept. 11, 2024, 5:26 a.m.
  Content: 1 . The ApeCoin DAO has posted a few resources on navigating the AIP process, including a series of Discourse posts; based on your experience, are these resources and the website helpful for drafting an AIP? Yes, although a snappy infographic that summarizes the major actions/purpose of each step would be a really sleek addition. 2 . Have there been any delays or changes to the original timeline? Our main goals were as follows: Growing the Alumni Circle: This is probably the most challenging of them all. Over the last 9 months since the passing of the AIP, we’ve cut our classes down considerably. Finding talent and pushing the boulder up-hill of scouring web 3 for potentially interested parties when community engagement is down across the board is challenging. Despite the recent uptick in web 3 activity, we still struggle to recruit students. We’ve only seen 400 new Alumni this year, and last year we had twice that amount in the same time period. image 1329 × 753 104 KB Service Existing Community: We have implemented a (mostly) monthly spaces. We’ve had a handful of Show and Tells with partners such as Open Campus, ZenGo, Ledger, and more on the way. We’ve also created a Solana class for our community, which is full each month for the last several months! Given the overall downturn in web 3 activity, I’d say we’ve kept monthly announcements jam packed with goodies, giveaways, and updates! image 1920 × 1920 399 KB Scale Operations with experiences: We’ve pivoted HARD to this. As much as we want to keep alive the Discord, live classes, and small-community feel, we’ve taken a moonshot attempt at creating a 2 D RPG game. Although we haven’t shared much details publicly, I think this short 15 minute experience (funded in part by OpenCampus) will be a living/breathing constantly updated experience (if resources allow) so long as we can get it some traction. YouTube Channel Launch We have also launched the Boring Security YouTube Channel, where we are actively creating and sharing video content. This initiative will expand as our channel grows. https://www.youtube.com/channel/UCmgNu 5 XZKYCobb 5 veGHuC 4 A 3 . Do you have any updates regarding the budget? When ApeCoin dropped below $ 1 we opted to stake the remainder hoping that an ApeChain launch would help recover, and we’d go back to our LP strategy. Our funds were around $ 375 , 000 at the beginning of the year, and that has since dropped to $ 200 , 000 with the depreciation of ApeCoin, and our staking rewards only covering about 20 % of operating costs, compared to close to 100 % or better when we were LPing. Although we’ve gotten a small $ 40 k Ledger contract, and a $ 50 k OpenCampus grant to help cover costs for the year, we’ll likely come back to the DAO for a (much smaller) grant request for 2025 to continue our perpetual funding dream, and help provide some liquidity to ApeCoin on-chain. 4 . How can the community support your initiative? When the game goes live, it would mean a lot to get some extra support from the DAO to push it forward. 5 . Do you have anything you would like to tell the community? If you haven’t taken the time to get into one of our classes, now is the time! Most of our classes are much smaller, and much more intimate these days, and it becomes conversational and casual. Students really get a lot out of small class sizes! 6 . Do you provide consent to share these questions with the community in this forum? Yes
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• AIP-387: GWG x UMA On-Chain Grants by Feld - Accepted AIP Author
  Posted on: Dec. 31, 2023, 7:50 p.m.
  Content: AllCityBAYC: Off-chain Votes: Voting activities conducted outside of the blockchain, like Snapshot. I love the UMA team. A bunch of big brains that we should be working with honestly. I’ll vote for anything they do. Was a token holder back in 2020 or so, but was always impressed with everyone on the team I spoke to back in the day.
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• Raise DAO membership to 10 ApeCoin by Feld - Accepted AIP Author
  Posted on: Nov. 18, 2023, 9:14 a.m.
  Content: I think I’ve seen this proposed before, but lets see where this discussion lands. However, I think the problem will only continue to get worse. Sybil attacks are annoying. The most commonly held amount of ApeCoin is 1 .x - 2 x. It is hard to reasonably assume DAO membership from dust in a wallet. Sybil attacks on every layer of the DAO ecosystem are occurring all the time. If someone wanted to create 100 forum accounts, farm reputation/rewards, etc. they could VERY cost effectively do this at try and farm all kinds of rewards through ThankApe, BSec, Thrivecoin, and weaken our ability to perform Sybil defense in the future with all these botted accounts forming. Q: So, why 10 ApeCoin then? A: Sybil defense is a spectrum, and we need to be very careful with turning the dial too far in one direction. By making the DAO membership across the board cost 10 , membership becomes about the cost of 1 dinner in an average OECD country. I don’t believe this will materially diminish anyone’s ability to participate in the DAO who really wants to, and it may at least slow the onslaught of bots, and let on-chain analysis check who the members are, and who just had a ton of bots airdrop farming, or potentially sybiling our DAO system in hopes for potential rewards in the future, or actual rewards in the present.
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• AIP-373: Boring Security - Runnin’ It Back by Feld - Accepted AIP Author
  Posted on: Nov. 16, 2023, 12:42 a.m.
  Content: We did hedge against the volatility with our $APE/USDC pool for quite a while. After repeatedly getting blown out on the way down, we actually ended up BUYING more ApeCoin than we were rewarded with in 2022 . However, the APE/ETH pair has performed far better for us, so instead of hedging, we seek to ApeCoin liquidity aligned, providing liquidity at any price, and trying to “live off the fees”, regardless if it makes financial sense in terms of what the value of the invested capital will be. tl;dr: Despite this setback, after reassessing the options that exist, we have no plans to materially change our approach re: liquidity providing. We just have the trust that, if the value of the grant or our positions don’t do well, that the DAO would understand that, and allow us to come back to the DAO to stay in operation. So long as it is worth it for the DAO to have us around, we will continue to try to be a shining star in the ecosystem.
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• AIP-373: Boring Security - Runnin’ It Back by Feld - Accepted AIP Author
  Posted on: Nov. 16, 2023, 12:38 a.m.
  Content: Through ThankApe there is already a way to get: 5 ApeCoin to complete 101 . 10 ApeCoin to complete 102 . The latter benefit will likely be reduced, as we’ve seen a slight uptick in attempts to farm it. ApeCoin holders do, however, get priority seating into our classes for our public signups. And we are still exploring ways to give out ApeCoin branded Ledgers to the community for committing to Security Education and the ApeCoin DAO.
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  • TheFatherOfAllStorms: What worries me is that there are people with multiple profiles here instead of just voting in snapchat that mind be using your mechanics; it mind come down to KYC, also this way you will protect yourself as USA company from possible sponsoring some human farm/individuals from countries not eligible to be a part of the ApeCoin DAO Foundation aka Not Allowed To be in this Forum. The other side is if you actually start tracking the wallets - it will upset many every day legitimate participants, when they found out that others cheat. & hoard. So I agree how crucial it is to make sure there is no farming. So do it as you have to in USA, because this is the location you registered under right? NATO coalition laws also apply.
• AIP-373: Boring Security - Runnin’ It Back by Feld - Accepted AIP Author
  Posted on: Nov. 15, 2023, 4:56 a.m.
  Content: Potentially some upping of the hours of some of our tech staff for the platform, and might bump up some spending on community outreach. That said, our budget isn’t being raised significantly as a result of this funding. We also have an ESP grant application to the Ethereum Foundation, which, if that passes, we might increase headcount and contributor spend a little bit if both of these pass.
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• AIP-373: Boring Security - Runnin’ It Back by Feld - Accepted AIP Author
  Posted on: Nov. 15, 2023, 4:54 a.m.
  Content: We have, and we wanted to partner with certain vendors in the space to provide that work on our behalf. However, our focus is on education and brand building. Having something with “Security” in the name though automatically implies some kind of auditing service, so we’ve worked to find something in that realm, but its low on the priority list at the moment.
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• AIP-373: Boring Security - Runnin’ It Back by Feld - Accepted AIP Author
  Posted on: Nov. 14, 2023, 3:49 a.m.
  Content: Edit # 1 : Fixed formatting to new AIP Template and changed some text in the Platform & Technologies section! **Edit # 2 **Added Powered by ApeCoin to some mockup materials at the request of @Halina.eth - great suggestion Prposal Name: Boring Security - Runnin’ It Back Proposal Category: Ecosystem Fund Allocation Team Description Feld is the founder of Boring Security, and long-time BAYC and DeFi enthusiast. We also have a star studded cast of instructors, contributors, and others, giving their time and expertise to Boring Security with over 20 contributors completing tasks each month. 1600 × 534 1 . 4 MB For a more expanded list of our contributors, check out https://boringsecurity.com/#contributors Abstract: Boring Security is seeking $ 239 , 000 for FY 24 . We are seeking funds to deploy into a Uniswap V 3 Liquidity Pool where Boring Security DAO can take structured withdrawals from yield generated month over month to cover its operating expenses not covered by partnership income and other grants. Motivation & Rationale: Although Boring Security currently has more ApeCoin than they received from AIP- 133 , the USD value of the remaining amount has dwindled to ~$ 140 , 000 . We are unable to do any long-term planning for 2024 without at least roughly knowing our budget for the upcoming year and having some padding, given that Boring Security does not sell all of their ApeCoin and hold stables or ETH like other AIP grant recipients! That, and with the current amount in our treasury, our initial goal of at least semi-perpetual funding with AIP- 133 is unachievable. Boring Security has served as a bastion of light in the ApeCoin DAO ecosystem. With AIP- 9 (Boring Security’s first AIP) being amongst the highest supported AIPs in the DAO’s history, we continue to be thought of as a de facto part of the ApeCoin DAO. Producing content and teaching hundreds of students per month throughout the depths of this bear market, month on month, Boring Security has not slowed down. Since the passing of AIP- 133 , we’ve got some nice metrics for y’all to chew on: 1600 × 900 998 KB Note: The number of Alumni is not reflective of the number of people who have taken the class, but who ALSO have claimed the NFT. The number of folks who have gone through our course is upwards of 2000 . Benefit to ApeCoin Ecosystem For less than the (former) cost of one Council member per month :trollfaceemoji:, we have a DAO full of almost 30 contributor members and 1600 Alumni token holders, preaching the message of Security, and showcasing the power of ApeCoin. We have expanded the ApeCoin ecosystem beyond just apes, partnering with Gitcoin, Art Blocks, Pudgy Penguins twice, publishing content with Ledger Academy, and building & teaching in the metaverse! 1280 × 555 82 . 2 KB Boring Security’s OnCyber Classroom: Boring Security Classroom We also will be adding ‘Powered by ApeCoin’ to all of our materials! Going forward, we want to make sure the world knows that we are ApeCoin powered. Boring Security simply would not be possible without the ApeCoin DAO, and with this proposal we are asking for permission to plaster this on all of our materials. We may also include other sponsors in parts of our branding as well, but we want folks to be reminded at every step that ApeCoin is at the heart of who we are and what we do. We pay our contributors in ApeCoin, we hodl our ApeCoin, and we provide (some) liquidity to ApeCoin as well. poweredbyapecoin 1280 × 720 163 KB A mockup of the Powered by ApeCoin usage Boring Security has been incredibly cost effective, being very judicious with every dollar spent. We’re committed to growing Boring Security as part of the ApeCoin DAO, building out an asynchronous catalog of security resources (beyond just articles) in 2024 . 1278 × 721 616 KB (The $ 20 k Marketing spent in March was a proposal to sponsor Revoke.Cash [which passed] and to honor Rosco’s incredible contribution in the space, as well as being featured on their front page for 1 year!) Curious about our budget? We have tracked every single transaction the DAO has made, as well as it’s supporting LLC entity, here: BoringSec Treasury - Google Sheets 746 × 245 16 . 6 KB We don’t want to be just a “public good funded by Apes”, but a representation of what a lean, mission driven DAO can accomplish for all of Web 3 . So far, we’ve focused on expanding our live class offering and growing our community. Next we want to be a household name, helping turn ApeCoin DAO to be the friendliest, most accessible ecosystem in all of crypto. We can’t wait to build in the Otherside along with you all, and send you on quests to defeat scammers in the metaverse! Key Terms: Active Liquidity Management - Liquidity management has become an ever-increasing important part of DeFi. Active Liquidity Management refers to the algorithmic and/or discretionary management of funds in DeFi that attempts to maximize fees earned by the liquidity provider, and minimize impermanent loss. Impermanent Loss - Impermanent Loss refers to the potential losses incurred by liquidity providers when the prices of tokens change, but is only realized when a liquidity provider withdraws. Platforms & Technologies: The main platforms of Boring Security are currently our Discord Server, Twitter/X, and our Website. We currently use DAO tooling such as ThriveCoin and PropHouse for community engagements that include incentives, and both Wonderverse and Coordinape for Contributor Payouts. We are transitioning to the use of DeForm to further automate and elevate our quiz experiences as well. Our treasury is spread across Uniswap V 3 Liquidity Pool Positions and ApeCoin Staking, as this has proven to be the optimal route for liquidity management. Despite an optimistic initial forecast at $ 5 for $APE, a drastic 80 % drop in volumes and a record low price of $ 1 forced us to reassess our liquidity strategy. We spent weeks exploring Active Liquidity Management solutions by Gamma Strategies, and Range Protocol with hopes to develop a DeFi strategy not only for Boring Security, but for other projects to apply as well. Unfortunately, these proved impractical, leading us to redeploy our existing approach, with slightly adjusted targets and buffers for the ultimate goal of using the power of DeFi to “go perpetual”. 921 × 437 44 . 1 KB Screenshot from Revert.finance backtesting the last 30 days of ApeCoin performance in our target LP position Steps to Implement & Timeline: Aside from redeploying the LP positions and “staying the course”, we want to take Boring Security one step further. This year we’ve had tons of achievements, but we have aspirations to scale our reach and consistently deliver unique and quality experiences at every turn. Next year we plan to Grow Our Alumni base using the same means we have this year. By continuing to Service Our Existing Community and give them opportunities to go deeper with their security knowledge, we build brand loyalty, and a “Safu Army” that we can leverage to Scale Our Education and its reach. 1600 × 730 1 . 1 MB 1 ) Growing our Alumni Circle: We believe that for each Alumni we teach, they become a Security ambassador for their community, friends, and family, and directly contribute to the reduction of scam/hack victims in the Ethereum ecosystem. Relevant tasks to achieve this include: Maintain operations of 10 - 15 instructor-led live classes every month Continue active outreach to existing Web 3 communities including gaming, DeFi, artists, and trading communities Develop classes and materials in multiple languages NewImageMoca 1000 × 1000 170 KB A list of some of the communities in 2023 who have partnered and taken classes with us! 2 ) Servicing our existing community: Ensuring that those who are already into our ecosystem have ways to deepen, broaden, and over time sharpen their security prowess is critical to keeping these “security ambassadors” up-to-date with the current security landscape, which is anything but static! BSECTOKENS 1500 × 1500 384 KB Our collection of NFTs and POAPs that folks have been able to acquire in the BSec ecosystem in 2023 . Relevant tasks to achieve this include: Enhance our community engagement infrastructure Build new experiences periodically to re-engage and further inform our Alumni Elevate our security content into new media forms including long & short form videos 3 ) Scaling our education to new and other market participants: While we’ve achieved success in creating a loyal community, our next challenge is to scale our content and education to the next level. Our goal is to mobilize and incentivize our dedicated Alumni to become champions of web 3 security, ensuring that it’s a top priority for the future. Relevant tasks to achieve this include: Revamp our website to become a comprehensive learning gateway for web 3 players of all levels via an asynchronous learning platform where students can earn Proof of Knowledge NFTs that are subject specific, taught by the foremost experts in the Web 3 security space. Revamp our website to become a comprehensive learning gateway for web 3 players of all levels via an asynchronous learning platform where students can earn Proof of Knowledge NFTs that are subject specific, taught by the foremost experts in the Web 3 security space. Shepherd unique experiences to make security “fun”. Events such as simulated hacks, hands-on learning opportunities, and other gateway events that can serve as a funnel to our ecosystem. Come up with novel incentivization mechanics that will mobilize and empower our core community to take part in forwarding Boring Security’s mission of spreading security education. Examples: Leaderboard mechanics, Referrals, Prophouse, Thrivecoin, etc. Our timelines that were outlined in AIP- 9 and AIP- 133 have largely been a success. Going through them, it’s not hard to put a :sparkles:gold star​:sparkles: next to each goal, even as someone only familiar with our project through these proposals. Check some of the details below: 1600 × 900 960 KB That said, there has been one goal that we believe will take some time to execute on, and that is: “Build out a “user journey” experience where people can come to our website, describe their knowledge, desires, and responsibilities, and have a customized curriculum built out for them.” While this is something we put on our goal list, it wasn’t something that we felt would be easily achievable on top of our other goals within 1 year. However, signs of life in the ecosystem are showing its head. The time for ensuring we have a platform for users to land on if the Bull market returns in full swing, is our top priority in 2024 . Though the structure of the DAO, and what that experience will actually shape out to look like in 2024 isn’t fully realized, we aim to have the early phases of this experience built out and usable before Q 3 of 2024 . This experience will include in-house content built on our website, and in the metaverse, partnership content such as Ledger Classroom modules, and other experiences built in collaboration with our many partners and Supporters in the Web 3 ecosystem. Overall Cost: $ 239 , 000 USD denominated in $APE
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• Replace Apecoin Only Staking Pool w/ OtherDeed Staking by Feld - Accepted AIP Author
  Posted on: Sept. 14, 2023, 7:36 p.m.
  Content: Hey Lost, I had thought about that too, like making some sort of staking allocation process where a team/project could acquire some amount of apecoin, and then stake it in some “partner” pool, and receive emissions. The question would be what would that application process and ongoing management of the adding/removing partner pools look like from an admin side. Certainly the preferred method, from my end to have something like that, and expand beyond the Yugaverse, but ya.
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