Hi ApeCoin DAO Community,
In responding to our questions, @Amplify 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,
Questions (Click to expand)
- Are there any potential legal or regulatory risks associated with the activities of this AIP?
During our drafting process we’ve reached out for council and are confident this AIP has no legal or regulatory risk associated with it.
- Please elaborate on the teams’ expectations for the future.
We expect the Ape Assembly to become a standard for DAO governance and recognizing the importance of incorporating a diverse and active human element into meta-governance structures.
- Is the Ape Foundation expected to engage in any of the steps of the AIP implementation? If so, please specify the step and elaborate how it is expected to work.
The Ape Foundation is expected to fulfill invoices as needed up to the DAO approved budgets in this AIP, until such time the two other Stewards and the Secretary have configured the signers of their multisig. The Foundation administrators would be expected to work with and assist the Governance Working Group Stewards and Discourse Facilitators to move AIPs through the process and to Snapshot for DAO voting.
- Have you or your team identified any additional financial, operational, or brand risks associated with this AIP?
No.
- Your proposal states that “Upon Dissolution of a Working Group, any and all unspent funds will be returned from that Working Group, at the time of dissolution, must be immediately returned to the DAO.”.
Please clarify your expectations for this process.
A part of this proposal ratifies an Initiative called the Ape Assembly, which is made up of hundreds of highly active governance participants within the ApeCoin ecosystem. This Assembly is empowered with a budget and would operate a multi-sig with this budget While not ideal, this multi-sig can be thought of as a “Community Fund” for the Ape Assembly and therefore akin to secondary DAO wallet. There are several other DAO approved multisigs we can use, such as the one approved in AIP-124, or AIP-98, both of which are DAO owned, approved, and operated multisigs.
- Under the Working Group Guidelines and Process section, your proposal states that “Only current elected Stewards of the Working Group are eligible to serve as a Lead within that given Working Group” & “Leads may be appointed or removed from that role at any time by a vote among the Stewards of a Working Group, with the outcome of that vote communicated in the ApeCoin DAO governance forum”.
Please clarify how, or if, the Working Group Lead position could be appointed during any interim periods where there may be only one DAO approved Steward appointed.
I think this scenario would only ever apply for this AIP, for this interim period in which I can address immediately that I, Amplify, as a proposed Steward in this AIP would not assume the position of “Lead” until / if such a time came that the other two Stewards elected me to be in that position.
- Under the Working Group Guidelines section your proposal states that “In the event that a Steward is removed, steps down, or is unable to continue as a Steward, for whatever reason, any temporary vacant positions will be filled by a contributor selected by the Ape Assembly, until an election to assign a new Steward to that Working Group has been completed.”
Please clarify your expectations for how the Ape Assembly would select a new Steward.
They would gather a list of qualified candidates and vote for an interim solution.
- Under the Governance Working Group Mandate and Scope section, your proposal states that the group is responsible for several items including but not limited to: “Providing operational support and project management support for the Foundation.”
Please clarify your expectations for the relationship between the Working Group and the Foundation as it relates to this statement.
The Ape Foundation has custody of the platforms in which our governance process lives, Discourse and Snapshot (authorship). Further, the Ape Foundation has engaged with several service providers in which to facilitate operations in our DAO. It is expected that the Governance Working Group and other Foundation service providers work together in order to facilitate our governance process on Discourse and Snapshot for as long as the website and Snapshot authorship for apecoin.eth is in their custody.
- Under the Governance Working Group Reporting Requirements, your proposal states that “The Governance Working Group will publish budget and progress reports to the DAO on a quarterly basis. These reports will include Governance Initiative progress reports and budget expenditures, as well as a summary of the activities within the Governance Working Group for a given quarter.”
Please indicate the first month the DAO should expect one of these reports.
The DAO should expect these reports within a few weeks after March 31, June 30, September 30, and December 31.
- Do you provide consent to share these questions with the community in this forum?
Yes!