Profile of Gerry in ApeCoin
Posts by Gerry
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BREAKING! Yuga To Delegate 6.5M APE to MBA Holders
by Gerry - Accepted AIP Author
Posted on: Sept. 20, 2024, 7:25 a.m.
Content: You did raise it that many times actually and have gone back on your word that you would decrease it when a certain someone did as well.
You know what they say about power though. :man_shrugging:
Likes: 2
Replies: 0
No replies yet.
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AIP-489: Restoring Balance
by Gerry - Accepted AIP Author
Posted on: July 8, 2024, 11:56 a.m.
Content: Out of curiosity what would the justification be for increasing Mocas voting block further?
This proposal spreads 13 . 8 million votes across 2 voting blocks and 140 , 000 NFT’s. Mocaverse
is currently 6 . 3 million votes controlled by 8 , 888 NFTs.
Moca would already have one of the largest voices within the Otherside Block due to their Deed Bag so increasing it more just to put 140 , 000 Ape, Deed, and Kodas in check seems unnecessary.
Likes: 4
Replies: 0
No replies yet.
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AIP-489: Restoring Balance
by Gerry - Accepted AIP Author
Posted on: July 3, 2024, 9:08 p.m.
Content: Change log for changing things that need to be changed
July 5 th - Added Quorum rules
Likes: 0
Replies: 0
No likes yet.
No replies yet.
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AIP-489: Restoring Balance
by Gerry - Accepted AIP Author
Posted on: July 3, 2024, 9:02 p.m.
Content:
Proposal Name:
Restoring Balance
Team Description:
Captain Trippy
Twitter: @capetaintrippy
ApeChain Advisor, Banana Program Advisory Committee, Former Special Council.
JRNY Crypto:
Twitter: @jrnycrypto
CEO and founder of Aiur Labs, JRNY CLUB, BlockNews.com, and more. Also created and built up a Crypto-focused YouTube channel to over 600 k subscribers during the last bull market.
Gerry:
Twitter: @nftgerry
Former Special Council and long-time community member. Founding member of the Surreal Apes.
Amplify:
Twitter: @ 0 xAmplify
Amplify is a former governance working group steward and a passionate member of the APE community since day 1 .
DeJen:
Twitter: @dejen_eth
Dejen - Dejen is the founder of Surreal Guild and has expertly and consistently managed the Surreal snapshot vote for the past year. A seasoned Ape and Etherean, she has also served as a judge at multiple ETH Global events.
Proposal Description:
This proposal aims to allocate 13 . 8 Million ApeCoin in voting power to better reflect the contributions and stakes of Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Kodas, and Otherdeed holders within our community. We aim to create a more balanced and representative governance. We aim to create two distinct wallets; one for the monkees and one for the Kodas and the Deeds they keep watch over.
The Ape Wallet will have 6 . 9 million ApeCoin delegated to it by The Ape Foundation. The vote will be controlled by BAYC ( 2 votes) and MAYC ( 1 vote) via snapshot.
The Otherside Wallet will have 6 . 9 million ApeCoin delegated to it and will be controlled by Koda ( 2 votes) and Otherdeed Expanded holders ( 1 vote)
This delegation will have a one-year term starting from the date that the wallets are used to vote in any AIP. The term can be renewed if a member puts up an AIP to extend it before the term ends. However, these delegations will not be used to vote in any subsequent decisions related to them, such as renewing, extending, or ending it early.
Benefit to ApeCoin Ecosystem:
The proposed voting adjustment aims to empower those who were intended to lead The Otherside. This change is designed to foster a fairer voting environment, promoting decisions that benefit the broader community and support the long-term health of the ecosystem. The timing is critical as we approach the launch of major initiatives like Otherside and ApeChain.
Steps to Implement:
Wallet Creation: Upon approval, The APE Foundation will create one or more wallets to securely hold the ApeCoin.
Delegation: The ApeCoin will be delegated to two hot wallets; one for Apes and one for Koda and Deed holders. Each vote must meet a minimum quorum of 420 . These will be managed by Amplify and Dejen.
Snapshot Configuration: Amplify and Dejen will set up and manage the two new Snapshot pages, transferring AIPs to Snapshot and voting accordingly.
Pending an extension, one year after the APE Foundation allocates the ApeCoin, this delegation will be dissolved.
Reporting Expectations:
Regular, weekly updates will be provided through the official ApeCoin community channels, keeping the community informed about the progress and any adjustments in the process while the program is being stood up. After voting begins and the process is functional and routine; reports will be limited to changes, updates, or any unforeseen irregularities that need to be addressed.
Overall Cost:
Total amount requested from the ApeCoin Ecosystem Fund = No Cost
This ApeCoin would remain in the custody of the APE Foundation.
Likes: 1
Replies: 1
Replies:
- furiousanger: Gerry:
The Ape Wallet will have 6.9 million ApeCoin delegated to it by The Ape Foundation. The vote will be controlled by BAYC (2 votes) and MAYC (1 vote) via snapshot.
The Otherside Wallet will have 6.9 million ApeCoin delegated to it and will be controlled by Koda (3 votes) and Otherdeed Expanded holders (1 vote)
I do have an issue with this.
Basically I can buy 85 expanded othersdeeds at a cost of approx 10ETH and get 85 votes.
OR
Buy 1 bayc at a cost of approx 10ETH and only get 2 votes. (Or 5 MAYC at same cost and get 5 votes.)
This doesn’t seem proportionate or fair to me and will just further dilute the value of BAYC & MAYC NFTs imo.
(Even if we say MAYC&BAYC are 3x as valuable as deeds&kodas (weight wise at voting due to the supply differences), the gap is still perhaps 12x in favour of deeds&kodas? - Need some data, but can’t be far off.)
Following. LFG.
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Slash the BAYC/MAYC/BAKC Staking Pools
by Gerry - Accepted AIP Author
Posted on: Nov. 18, 2023, 11:25 a.m.
Content:
secengjeff:
Removing the NFT pools only is IMO weird and seems like a retaliatory proposal given Gerry’s idea to remove the $APE only pool.
I’m encouraged that Kodama felt comfortable putting up an idea so quickly that wasn’t a fully fleshed out AIP. We need more of this.
The notion that an Idea must be a fully thought out and ready to present proposal is one we need to move past if we wish to encourage more participation.
Likes: 4
Replies: 0
No replies yet.
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Slash the BAYC/MAYC/BAKC Staking Pools
by Gerry - Accepted AIP Author
Posted on: Nov. 18, 2023, 9:29 a.m.
Content: It would be a dream come true if we could get those 100 MM ApeCoin to vote.
Likes: 2
Replies: 0
No replies yet.
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Slash the ApeCoin Only Staking Pool
by Gerry - Accepted AIP Author
Posted on: Nov. 15, 2023, 2:31 p.m.
Content: Settle down there turbo. Ideas are meant to be presented and discussed. If you want to be combative and insulting; perhaps ask yourself if that’s encouraging future participation.
love your ideas btw
Likes: 0
Replies: 2
No likes yet.
Replies:
- kodama: I was merely expressing my opinion that this AIP idea seems rushed and not well thought out. You are SC and tackle a very sensitive topic here. I don’t want to be combative and insulting. I want to raise the standard. Next time I will phrase my feedback in a friendlier way
I would appreciate if you would answer any of the questions raised.
In addition, it would be great if you could update the AIP idea and add more reasoning.
What is the thought process behind this idea?
Why cut it by 66%? Why just for Period 2? Why only cut the APE only pool?
Why cut staking in general?
etc.
etc.
- Zloj: Where did you see the rudeness? kodama did not behave aggressively. He asks the right questions to which there are no answers. And which are worth discussing. I support - it’s the ApeCoin DAO, not the BAYC/MAYC DAO
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Slash the ApeCoin Only Staking Pool
by Gerry - Accepted AIP Author
Posted on: Nov. 14, 2023, 11:55 a.m.
Content: Reserved for change log
Likes: 1
Replies: 1
Replies:
- FrankNFT: I’ll go for option A, if this makes it to snapshot.
i’ll prob have to buy an extra ape, to stake my overrun that i put in the APE pool, but i can live with that.
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Slash the ApeCoin Only Staking Pool
by Gerry - Accepted AIP Author
Posted on: Nov. 14, 2023, 11:31 a.m.
Content: I propose based on popular demand that we reduce the ApeCoin only staking pool for Period 2 running from December 12 th of 2023 through December 11 th 2024 by 66 % or 10 Million ApeCoin.
Over the next week we will choose between two options to present in the AIP.
A) Allocate the 10 Million ApeCoin to the BAYC, MAYC, and BAKC pools.
B) Do not Allocate the 10 Million ApeCoin
Likes: 0
Replies: 0
No likes yet.
No replies yet.
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AIP-344: Moving gallery for the DAO
by Gerry - Accepted AIP Author
Posted on: Oct. 12, 2023, 10:42 a.m.
Content: Incredible work. One way or another, I need one of these in my office.
Likes: 2
Replies: 0
No replies yet.
