Profile of VonFrontin in ApeCoin

Posts by VonFrontin

• High Level Ape Coin Ecosystem Expansion: App Development, Conference Exposure, and Long-Term Media Campaign by VonFrontin - No Role
  Posted on: Nov. 17, 2024, 7:24 a.m.
  Content: Really well thought out and very reasonable ask for the proposal. I expect you may be asked to break the ask into tranches of funding. If so, how would you do that?
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• ApeChain, On-chain – ApeCoin DAO Governance Revamp by VonFrontin - No Role
  Posted on: Nov. 8, 2024, 6:35 a.m.
  Content: In re: ApeChain The DAO has already allocated 100 M $APE to the development of ApeChain via the Banana Bill (not to mention the initial funds to build it in the first place). In the AIP, we established structure for the management of those funds as well. So my question is: what happened to that? I ask this genuinely as I am not aware of any signed agreements the team has made. Not that I should, but it would be helpful to understand both the use of the funds already allocated as well as what becomes of the current leadership structure of the Banana Bill should this AIP pass. Additionally, is the intent of this AIP that all DAO approvals should be made only if a proposal is building on ApeChain? I ask for two reasons: Wasn’t that the point of the Banana Bill? Doesn’t that disenfranchise other builders in the space who are building with IP or integrating Web 3 in other ways? I want ApeChain to succeed as much as the next person, but I’m hesitant to do so at the cost of so many builders in the space who look to the DAO as a path to achieving their goals. Appreciate your thoughts on this as always.
  Likes: 2 Replies: 1
  Likers: furiousanger, nataliecrue
  Replies:

  • DavidW: nataliecrue: Funding should be available to ALL token holders and no minimum amount of tokens should be a requirement Good point. ernestlee: That is the fastest that an AIP idea has ever moved forward to a vote. Good point. VonFrontin: The DAO has already allocated 100M $APE to the development of ApeChain via the Banana Bill… So my question is: what happened to that? Good point.
• ApeChain, On-chain – ApeCoin DAO Governance Revamp by VonFrontin - No Role
  Posted on: Nov. 8, 2024, 6:10 a.m.
  Content: Thanks for the clarification. So based on current delegations, the proposal means that, 13 delegations can Temp Check and 8 delegations can move an idea to vote. This seems rather centralized to me and I also fear that those new to the DAO without an established network wouldn’t know how to garner support (or even who to contact). How does the Arbitrum DAO deal with this? My main fear is we’re introducing a level of gate keeping into the DAO, where the few decide what is voted on and approved. This is a model we are all too familiar with and I doubt anyone wants return to. Appreciate your thoughts on this. (Will post separate follow up below to keep the convos separate)
  Likes: 1 Replies: 0
  Likers: nataliecrue
  No replies yet.
• ApeChain, On-chain – ApeCoin DAO Governance Revamp by VonFrontin - No Role
  Posted on: Nov. 7, 2024, 6:45 p.m.
  Content: 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.
  Likes: 1 Replies: 0
  Likers: Ty.INTRFAC3
  No replies yet.
• AIP-553: ApeCoin DAO Reporting RESET by VonFrontin - No Role
  Posted on: Nov. 5, 2024, 6:26 a.m.
  Content: I’d like to pull this thread some. I like the idea of trustless / permissionless processes. How does this work with the AIP process? One of the major problems this proposal seeks to solve is AIPs getting lost in the process and never making it to a DAO vote. Interested in your thoughts here.
  Likes: 1 Replies: 1
  Likers: Cryptosheep
  Replies:

  • DavidW: VonFrontin: How does this work with the AIP process? One of the major problems this proposal seeks to solve is AIPs getting lost in the process and never making it to a DAO vote. For an AIP like mine, which has been in totally opaque admin review for months, there should have been a clear legal check that shows whether it was approved, then a clear admin check that shows whether it is in conflict with the DAOs mission. That should have taken no more than a week. That would need to be done by two humans, neither of whom needs a six-figure salary.
• AIP-553: ApeCoin DAO Reporting RESET by VonFrontin - No Role
  Posted on: Nov. 4, 2024, 5:09 p.m.
  Content: Commenting here what I mentioned on the Space earlier so it can be discussed. I’m all for transparency in the process, so I support the spirit of the AIP here. A few things I would like to see added, assuming there is still a SC in 2 months. Accountability: As has been mentioned before, there have been previous (failed) attempts to get communication from the SC. While the DAO can technically call for a vote of no confidence in a SC member, given this has never happened (to my knowledge) means this is an ineffective accountability measure. I would like the accountability measures of not complying with this AIP to be built into the process to failure to comply does not require additional work from the DAO. Process: We should explore how much of this process, communication and accountability can be built on-chain. The more autonomous certain aspects of the DAO are (e.g. progressing through stages of proposal, reviews, feedback, etc), the less burden on the DAO and the more transparent the process (assuming there are also standard reports built on top of this that are readily accessible to all DAO members). Communication: I believe this AIP adequately addresses most of the communication issues that have been brought up in the past. No issues there at this point. I have no idea what the DAO will look like in a year let alone 2 months. If there is a SC, I hope it functions in a way that enables DAO members to continue to seek funding for their proposals, participate in an open and democratic process and, if approved, build their dreams. If this helps us get closer to THAT form of the DAO, I’m all in.
  Likes: 1 Replies: 0
  Likers: ernestlee
  No replies yet.
• NFT staking change by VonFrontin - No Role
  Posted on: Nov. 1, 2024, 8:51 a.m.
  Content: Instead of “should we vs shouldn’t we”, let’s have the “what needs to be true” conversation. Lay out everything that needs to happen to move this over to ApeChain, and then we can all discuss if we want those things to happen (or if we missed a step).
  Likes: 3 Replies: 0
  Likers: MisterHype, ernestlee, adventurousape
  No replies yet.
• NFT staking change by VonFrontin - No Role
  Posted on: Oct. 31, 2024, 7:56 p.m.
  Content: Ending a discussion: Yes (But seriously, we should move as much ApeCoin and ApeCoin related activity to ApeChain as long as it’s done in a way that doesn’t cause financial downside to the extent this is possible)
  Likes: 2 Replies: 0
  Likers: ernestlee, MonkeyMike.eth
  No replies yet.
• AIP IDEA: NFT Showroom RWA Authentication Certificate Platform, Powered by ApeCoin by VonFrontin - No Role
  Posted on: Oct. 28, 2024, 9:50 p.m.
  Content: I’ll be interested to see the financial ask when it comes, but love the concept you are building.
  Likes: 1 Replies: 0
  Likers: NFTShowroom
  No replies yet.
• AIP IDEA: NFT Showroom RWA Authentication Certificate Platform, Powered by ApeCoin by VonFrontin - No Role
  Posted on: Oct. 28, 2024, 8:46 p.m.
  Content: Thanks for the very thorough response. Very interesting use of the tech and overall model. Good luck with the AIP process.
  Likes: 1 Replies: 0
  Likers: NFTShowroom
  No replies yet.