AIP-42: Stake Ape Dao Treasury with Lido Finance - Ecosystem Fund Allocation (REVISION DISCUSSION)

Withdrawn AIPs
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This discussion is in regards to AIP - 42 which was denied by the special council due to wanting a treasury management firm before diversifying out of APE. Please see proposal here:

AIP-42: Stake Ape Dao Treasury with Lido Finance - Ecosystem Fund Allocation

My two main concerns with this denial are:

  1. How many trustworthy Treasury Management Firms are there in web 3?

By the looks of it I see one or two firms at most. Can the DAO trust these firms with millions of dollars? Since this is a nascent industry how can we measure their performance? How long do we wait until a trustworthy treasury management firm gains credibility and is able to be hired? Do they custody the DAO’s money?

Feels like lot’s of unknowns here that may take years to solve.

  1. How much lower will the treasury go if we stay 100% entrenched in APE COIN?

We are obviously in a bear market now and ALT coins notoriously underperform ETH/BTC during bear markets. APE also earns no yield. It feels like any treasury management firm would recommend longing ETH since it is at the center of web 3. .

The special council should reconsider this AIP at a lower percentage. 5% of the treasury is diversified in stETH?

Would love to understand the community’s thoughts and a reconsideration from the special council at a lower percentage of the DAOs treasury.

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Hi @Chiefer,

Your topic will be automatically closing in less than 24 hours. Do you wish to extend community discussion for a further 7 days or proceed to the Drafting phase?

We look forward to hearing from you.

- river

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

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Thank you @Chiefer for your ideas. 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. @Chiefer please see your messages for the next steps.

- river

1 Like
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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.

- river