AIP-229: Establish guidelines for ApeCoin staked in protocols to be counted for voting power

Makes sense, appreciate the effort here. Bake in a path to decentralize this task as soon as the Working Groups can handle it and we’re golden!

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Hi @BoredApeG,

Your topic will be automatically closing in less than 24 hours. Are you content with the feedback received, or do you wish to extend community discussion for a further 7 days?

If we do not hear from you within 48 hours after your topic closes, your topic will be moved straight to the AIP Draft process.

We look forward to hearing from you.

@Lost.Admin

I am content with the feedback received; we can move to the AIP draft process. Thanks

Thank you @BoredApeG, for your ideas [and the ApeCoin DAO community for the thoughtful discussions].

A moderator will get in touch with the author to draft the AIP in the appropriate template. Once the AIP is drafted and meets all the DAO-approved guidelines, the proposal will be posted on Snapshot for live official voting at: Snapshot

Follow this Topic as further updates will be posted here in the comments. please see your messages for the next steps.

Thank you,
@Lost.Admin

Hi ApeCoin DAO Community,

@BoredApeG has completed editing their AIP Idea to be their AIP Draft.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

@Lost.Admin

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This topic was automatically closed after 7 days. New replies are no longer allowed.

Hi ApeCoin DAO Community,

Our team has reviewed and discussed @BoredApeG’s AIP Draft and have sent a list of initial questions. We await answers.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

@Lost.Admin

Hi ApeCoin DAO Community,

@BoredApeG has responded to our questions and they are in our review once again.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

@Lost.Admin

I hope to see this AIP in vote soon :slight_smile:

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This is a great proposal.

Would you be open to expanding the proposal to include $APE which has been staked to BAYC/MAYC NFTs currently held in escrow by NFTfi.com?

I believe there is around 80-100,000 $APE which is currently committed to NFTs being used as collateral on NFTfi loans. Unfortunately, this $APE cannot be used for voting at present. I believe that a similar solution could be crafted to allow this voting power to be counted, as you’ve suggested for the staking protocols.

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I was about to ask this question to ParaSpace. Good thing there’s an AIP brewing for it now.

2 Likes

As a user of NFTfi.com in this situation myself, I completely get you! Although they didn’t co-author this proposal, the guidelines allows other protocols such as NFTfi.com to be able to request Ape Foundation help as well. This is in part why we proposed guidelines instead of specifically only aiding the co-authors so that any other protocol could also request help for implementation in the future. Separately, I’ll be happy to personally connect with the the NFTfi.com team to make this happen for their community too.

2 Likes

Hi ApeCoin DAO Community,

We have no further questions for @BoredApeG. This AIP is now under Administrative Review.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@lost.admin

Hi ApeCoin DAO Community,

In responding to our questions, @BoredApeG has provided consent to share them in this forum for the community.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

@Lost.Admin


Questions (Click to expand)
  1. Are there any potential legal risks associated with the activities of this AIP?

Answer:

None to note from our perspective.

  1. What are the Objectives and Key Results which have been identified for your proposal?

Answer:

N/A - not asking for grant monies.

  1. Are there any Milestones associated with your proposal?

Answer:

Successful implementation of ApeCoin voting power calculation for NFT Fi protocols such as BendDAO, JPEG’d, and Para Space.

  1. Please elaborate on your expectations for the future implementation of this proposal.

Answer:

That it will establish a process of ApeCoin staking protocols to seek assistance from Ape Foundation to have their users’ staked ApeCoin voting power for ApeCoin DAO governance voting.

  1. If approved, the Ape Foundation is expected to engage in the implementation of this AIP. Please specify the steps, the Ape Foundation operators who would be responsible for facilitation, and elaborate how it is expected to work.

Answer

Together with an ApeCoin staking protocol operator (“operator”), Ape Foundation will create a snapshot voting strategy to enable the implementation. The operator will provide the documentation required for the snapshot voting strategy; the expectation is that Ape Foundation will test and implement it the same way it did for calculating voting power for ApeCoin staked in apestake.io

  1. Your proposal states that this AIP “sets guidelines for the operators of respective ApeCoin staking protocols to request Ape Foundation’s assistance in implementing ApeCoin staked for its individual users…”. Please elaborate on how these operators may approach the Ape Foundation to request assistance in implementing ApeCoin staked for their individual users.

Answer:

Emailing: support@apecoin.com

  1. Your proposal states that “this process can change, particularly if such matters are transitioned to Working Groups of the ApeCoin DAO”. Please elaborate on your expectations for transitioning these responsibilities from the Ape Foundation to Working Groups.

Answer:

That is up to the Ape Foundation and Working Groups to decide amongst themselves if at a later date it is appropriate; we included this to acknowledge that there is a possibility that certain functions presently performed by Ape Foundation may move to Working Groups in the future.

  1. Have you or any of the other cited authors identified any additional financial, operational, or brand risks associated with this AIP?

Answer:

None to note from our perspective.

  1. Do you provide consent to share these questions with the community in this forum?

Answer:

Yes.

1 Like

exactly!

Fists we need to give the oportunity to understand type of staking