AIP-286: Allow for ApeCoin staked in BendDAO protocol to be counted for voting power

Proposal Name: Allow for ApeCoin staked in BendDAO protocol to be counted for voting power

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

Reason for Return: Return for Reconstruction

The community would benefit from seeing proposals to count voting power for individual groups, protocols and collectives separately.

Resubmission Updates

Authors: BendDAO, CryptoBeaker

Proposal Category: Process


This AIP is a reconstruction of AIP-229 as recommended by Ape Foundation to be an individual proposal.

The current voting system does not allow ApeCoin staked in protocols, other than, 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 is the first P2Pool-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 V2 is a Pool2Pool auto-pairing and staking solution, providing Gasless Reward Auto-compounding to all users for maximizing their ApeCoin yield. With V2, 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.


ApeCoin DAO members have the right to vote, and this right should not be limited by the ApeCoin staking protocol one wishes to use. By supporting this AIP, we can help more users to participate in governance activities and have a say in the future of the DAO.


Ape Foundation guiding principle of Collective Responsibility: We leave everything better than we found it.

With this proposal we aim to make an improvement to the voting process that preserves each member’s right to vote.

Total APE Staked as of 5/19/2023

BendDAO ~4,950,000

Allowing users to vote will benefit both the growth of ApeCoin DAO and the whole NFTfi industry.


Ape Foundation will take reasonable steps to determine the appropriateness of BendDAO’s staked ApeCoin to be counted as voting power in ApeCoin governance activities.

Important considerations include but are not limited to the following:

  • Ensuring no aggregators in voting power (e.g. ensuring the protocol operators do not control the voting power)

  • Proving that ultimate ownership is not centralized (i.e. voting represents individual wallet owners only)

Ape Foundation will work with BendDAO for implementation.

Steps to Implement

BendDAO Vaults

BendApeStaking V1, a Peer2Peer-based pairing staking solution, doesn’t feature a vault. Instead, each paired staking instance has its own proxy address. However, with the introduction of V2, which is a Pool2Pool-based auto-pairing staking solution.

All ApeCoin staked through V2

BendStakeManager: 0x9d1833becb105405a8305F775F0aF3157d12B33c

All NFTs staked through V2

NftVault: 0xaAa2DA255DF9Ee74C7075bCB6D81f97940908A5D

Together with BendDAO, the Ape Foundation can potentially create a snapshot strategy which:

  1. Checks the IDs of the BAYC/MAYC/BAKC address deposited into BendDAO’s (vaults note above)

  2. Check the staked APE in the ApeStake contract for the IDs found above

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.



This will be implemented immediately.

Overall Cost

$0 requested from the ApeCoin DAO treasury for this proposal

Looks good fren, keep at it :saluting_face:


I’m happy to see this proposal moving forward. As a regular user, I’ve wanted to use my votes too. This proposal helps more of us get involved in the DAO. Big thanks for putting this proposal together.

1 Like

I love this proposal @bkr . It would allow more community members to get their voice across.
One thing that I can’t get my head around, maybe I don’t understand the technicalities of it, but is a ‘snapshot’ based system foolproof? Can I unstake my Apecoin on Bend after snapshot and stake it on apestake, thereby enabling double voting, is it possible? If yes, then what are the safeguards to prevent this?


Same as for Paraspace, agree that every apecoin should count for voting.


Hi @bkr,

Your topic will be moving to the AIP Draft phase in less than 24 hours. Are you content with the feedback received or do you wish to extend community discussion for another 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.



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

Hi @bkr,

Thank you 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. @bkr, please see your messages for the next steps.



Hi ApeCoin DAO Community,

@bkr 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,


Hi ApeCoin DAO Community,

Our team has reviewed and discussed @bkr’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,


1 Like

Hi ApeCoin DAO Community,

This Topic has been rejected based on the DAO-approved guidelines due to no response in the last 30 days. The Topic may be submitted again by any user and upon approval, will be open for 7 days for community discussions.

This Topic will move and remain in the Withdrawn AIPs category.