Profile of WasAnAdmin in ApeCoin
Posts by WasAnAdmin
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A Public Letter to Cartan Group
by WasAnAdmin - No Role
Posted on: Jan. 17, 2023, 3:20 p.m.
Content: Hi @Harry,
The AIP process as approved on AIP- 1 specifies that an AIP DAR Package is prepared for review and final decisions are made by the Special Council. Upon their review, the Special Council deemed the AIP as “Return for Reconstruction” citing that the Ape Foundation will not participate in the multi-sig wallet when considering its current structure. Ape Foundation primarily provides grants - it cannot be expected to “oversee the activities to ensure transparency and consistency”.
AIPs may be resubmitted and you can get more details on this process here. Further information is available at Help and Resources to assist the community with the AIP process as well as clarify questions and misunderstandings.
Thank you for your participation and encourage you to continue sharing your ideas with the ApeCoin DAO Community.
-moderator
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Ape Staking & Bug Bounty Process
by WasAnAdmin - No Role
Posted on: Oct. 27, 2022, 6:41 p.m.
Content: We wanted to provide some clarification on how the bug bounty program proposed in AIP- 134 , which is up for vote on Snapshot from Thursday 27 October - Wednesday 2 November, relates to the launch of staking.
As a reminder, the ApeCoin staking smart contracts have been built by Horizen Labs via AIPs 21 & 22 , with an original timeline to launch by 10 / 31 . The Ape Foundation has asked Horizen Labs to delay the launch date until the end of the voting period (Nov. 2 , 2022 ).
If the community votes to approve the bug bounty program in AIP- 134 , to provide further security for the staking smart contracts, the Ape Foundation will request that Horizen Labs not launch Ape staking until after the bug bounty program concludes.
The author of the AIP has indicated the program would last roughly 3 weeks, so this would postpone the launch timeline of the smart contract to November 24 , 2022 , and staking distributions start on December 7 , 2022 .
As a reminder, the objective of the bug bounty program is to provide time to both surface and address vulnerabilities in the staking smart contracts.
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AIP-100: To incentivize decision making activity by rewarding ApeCoin DAO voters with free NFTs
by WasAnAdmin - No Role
Posted on: Oct. 11, 2022, 2:35 p.m.
Content: Hi ApeCoin DAO community.
This AIP Idea was tagged as “Need Administrative Review” and sent to the Special Council. Upon careful review, this topic has been deemed Return for Clarification.
We have provided @ASEC with the questions from the Special Council. We await answers.
Follow this Topic as further updates will be posted here in the comments.
Kind regards,
-moderator
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AIP-56: Sell all assets and buy Sappy Seals - Ecosystem Fund Allocation
by WasAnAdmin - No Role
Posted on: July 12, 2022, 4:52 p.m.
Content: Hi ApeCoin DAO Community,
The Special Council has deemed this AIP to be returned for reconstruction. In doing so, they cited that the proposal would not benefit the DAO at this stage.
We would encourage the author to keep collaborating with the DAO and to submit any other AIP Ideas.
Thank you again for your input and engagement so far, and do not hesitate to reach back out with any additional ideas or thoughts on the future of the DAO’s governance.
-moderator
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AIP-42: Stake Ape Dao Treasury with Lido Finance - Ecosystem Fund Allocation
by WasAnAdmin - No Role
Posted on: June 2, 2022, 9:34 a.m.
Content: Hi ApeCoin DAO Community,
This proposal has been deemed Return for Reconstruction by the Special Council. After thoughtful debate, the Council concluded that establishing a holistic DAO treasury management and asset allocation strategy is necessary before diverting a significant amount of treasury funds to a specific asset. Once such a strategy has been put together, the proposal would be in a stronger position to take into consideration.
The author or any community member is welcome to submit a proposal for a holistic treasury management strategy, and/or bring the matter up for community discussion on the Discourse forum.
Thanks.
-moderator
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