Implementation Update | AIP-310: Allow for ApeCoin staked in BendDAO protocol to be counted for voting power

Chris.Admin - Facilitator, This user is a moderator
Sept. 26, 2023, 1:01 a.m.

AIP Name: AIP- 310 : Allow for ApeCoin staked in BendDAO protocol to be counted for voting power Implementation Status: Complete Author: @BoredApeG Abstract Summary: The current voting system does not allow ApeCoin staked in protocols, other than ApeStake.io , to be considered in voting power calculations for ApeCoin DAO governance. This AIP allows for BendDAO to request Ape Foundation’s assistance in implementing ApeCoin staked for its individual users to count as voting power in ApeCoin DAO governance activities. benddao.xyz BendDAO - Web 3 Data Liquidity BendDAO is the first decentralized peer-to-pool based NFT liquidity protocol. bend 720 × 123 49 KB BendDAO is the first P 2 Pool-based NFT liquidity protocol. Built as the underlying infrastructure for NFTFinance, BendDAO offers several innovative features such as Collateral Listing, NFT Down Payment, Ape Staking, all of which leverage the power of instant NFT-backed loans. BendApeStaking V 2 is a Pool 2 Pool auto-pairing and staking solution, providing Gasless Reward Auto-compounding to all users for maximizing their ApeCoin yield. With V 2 , holders of BAYC, MAYC, BAKC, and ApeCoin can stake their assets and instantly start earning yield. It offers a pure staking solution, devoid of loan or liquidity risks, thereby safeguarding user assets while maintaining asset efficiency and flexibility. Overall Cost: 0 ApeCoin Related AIPs: AIP- 2 : Voting - Process & AIP- 106 : POAP Voting Rewards Reconstruction: This AIP is a reconstruction of AIP- 229 to be submitted separately by each protocol. Timeline Updates: Interview Q&A:

AIP-310, authored by @BoredApeG, has been completed and addresses the issue that ApeCoin staked in protocols other than ApeStake.io could not be used for voting power calculations in ApeCoin DAO governance. This AIP now allows BendDAO to request the Ape Foundation's help to ensure that ApeCoin staked by individual users in BendDAO can count towards their voting power in ApeCoin DAO governance activities. BendDAO is described as a decentralized peer-to-pool NFT liquidity protocol and provides innovative features like Collateral Listing and Ape Staking.

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Likers: likkee.eth, bigbull, Money

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bigbull - Governance Working Group Steward
Sept. 4, 2024, 5:05 a.m.

I think there is an issue that APE staking on BendDAO does not show up here: delegate.apecoin.co… I think there is an issue that APE staking on BendDAO does not show up here: delegate.apecoin.com ApeCoin Delegation ApeCoin delegation and governance I think this pages also needs to update or the data for delegations will be incorrect. delegate.apecoin.com 0 xC 19 D 7 ... 3239 • Delegate Profile ApeCoin delegation and governance For example this shows as 0 , but has 2000 on BendDAO. image 2240 × 1258 256 KB image 1614 × 1490 258 KB

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bigbull - Governance Working Group Steward
Sept. 4, 2024, 8:04 a.m.

I noticed we are only using 6 strategies in the apecoin.eth snapshot. https://snapshot.org/#/ape… I noticed we are only using 6 strategies in the apecoin.eth snapshot. https://snapshot.org/#/apecoin.eth/settings Only one is related to delegation. I think we need two more strategies to track the APE which is delegated to BendDAO and Para. @BoredApeG

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likkee.eth - Regular
Sept. 4, 2024, 11:05 a.m.

No need to have new strategy, just append these strategies into the APE (delegated) Btw, your dele… No need to have new strategy, just append these strategies into the APE (delegated) Btw, your delegation might not set correctly.

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bigbull - Governance Working Group Steward
Sept. 4, 2024, 12:02 p.m.

Can you copy paste the new strategies text here. Many thanks. Can you copy paste the new strategies text here. Many thanks.

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- likkee.eth: { "symbol": "APE (delegated)", "strategies": [ { "name": "erc20-balance-of", "params": { "symbol": "APE", "address": "0x4d224452801aced8b2f0aebe155379bb5d594381", "decimals": 18 } }, { "name": "erc20-votes", "params": { "symbol": "APE (staked)", "address": "0x0187Ae64E905b4FE7Dd1568a5642fbEf05E96e71" } }, { "name": "erc20-votes", "params": { "symbol": "APE (lock up)", "address": "0xc6B740025485104987303E99DD2c54c1369FFe7B" } }, { "name": "erc20-votes", "params": { "symbol": "APE(BendDAO)", "address": "0xd97420142211c0C8ACF6276e73d8B7A7b09386BB" } }, { "name": "erc20-votes", "params": { "symbol": "APE(Para)", "address": "0x29E297cBfDBF0420c05b2c499AFe7F3c7AF816cd" } } ] }
NFT_Dreww - No Role
Sept. 4, 2024, 12:07 p.m.

I would also recommend adding the following: Apes+ created a new strategy to honor delegatexyz for … I would also recommend adding the following: Apes+ created a new strategy to honor delegatexyz for delegated wallet support: x.com NFT_Dreww.eth @nft_dreww ? Add Delegate XYZ Support to Snapshot ? With the giga brains at @ApesPlus and @ 0 xAlchemist anyone can now add @delegatedotxyz support to their snapshot space! All you have to do is go to your Snapshot Space > Settings > Strategies and add the "delegatexyz-erc 721 -balanceof"… x.com/i/web/status/ 1 … pic.x.com/t 16 h 71 yadd x.com/ApesPlus/statu… APES+ @ApesPlus We’re proud to share that we’ve developed a @SnapshotLabs strategy to enable @delegatedotxyz V 2 support for erc 721 NFT’s. Powered by @apecoin + @ApeCoinGWG Small Grants Program. Made with love by ApesPlus ? https://t.co/zvOPkj 0 FAW 12 : 09 PM - 19 Aug 2024 28 4 Also when testing myself and bigbull could not see a way to properly have Benddao or Para ape when staked so in return you get baAPE or cAPE, delegated to another user and represented in additional voting power for voting. I believe to likkee.eth’s point this needs to be appended to the existing strategy for those contracts. Also the delegation.apecoin.com website only represents APE directly in a wallet or APE thats staked with ApeStake only. It does not represent any APE from benddao, Para, etc.

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likkee.eth - Regular
Sept. 5, 2024, 2:56 a.m.

{ "symbol": "APE (delegated)", "strategies": [ { "name": "erc 20 -balance-of", … { "symbol": "APE (delegated)", "strategies": [ { "name": "erc 20 -balance-of", "params": { "symbol": "APE", "address": " 0 x 4 d 224452801 aced 8 b 2 f 0 aebe 155379 bb 5 d 594381 ", "decimals": 18 } }, { "name": "erc 20 -votes", "params": { "symbol": "APE (staked)", "address": " 0 x 0187 Ae 64 E 905 b 4 FE 7 Dd 1568 a 5642 fbEf 05 E 96 e 71 " } }, { "name": "erc 20 -votes", "params": { "symbol": "APE (lock up)", "address": " 0 xc 6 B 740025485104987303 E 99 DD 2 c 54 c 1369 FFe 7 B" } }, { "name": "erc 20 -votes", "params": { "symbol": "APE(BendDAO)", "address": " 0 xd 97420142211 c 0 C 8 ACF 6276 e 73 d 8 B 7 A 7 b 09386 BB" } }, { "name": "erc 20 -votes", "params": { "symbol": "APE(Para)", "address": " 0 x 29 E 297 cBfDBF 0420 c 05 b 2 c 499 AFe 7 F 3 c 7 AF 816 cd" } } ] }

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bigbull - Governance Working Group Steward
Sept. 5, 2024, 9:58 a.m.

Many thanks. I also got feedback from BendDAO from their support channel. Question is. Can we jus… Many thanks. I also got feedback from BendDAO from their support channel. Question is. Can we just implement this or we need an AIP? I would think this update would be covered by the disclaimer statement on the original AIP @BoredApeG @AllCityBAYC @DeSmart Ape Foundation will work with BendDAO to assess its needs, and if appropriate, the eventual implementation to calculate voting power for end users. Note that this process can change, particularly if such matters are transitioned to Working Groups of ApeCoin DAO. image 1774 × 1566 135 KB

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likkee.eth - Regular
Sept. 5, 2024, 12:02 p.m.

Isn’t the previous AIP already approve for BendDAO and Para? Then should be include directly. Isn’t the previous AIP already approve for BendDAO and Para? Then should be include directly.

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