AIP-454: The BANANA Bill: Apes Gotta Eat

[SmartAPE]

The one thing that still concerns me - and those I am contact with and who tend to pay attention - is that $100M is still a massive amount of the DAO treasury liquidity - even if it’s still being doled out in tranches during the course of this program. It’s a major risk, especially when you consider that most of the revenue generating projects aren’t likely to be signed, go online, earning revenue for quite some time. And as I’ve said before, success or failure, people in the program will still get paid because thus far I haven’t seen any KPI or incentives based discussions surrounding compensation. We need to have that particular conversation and I hope that, at the very least, Kodama, Lost, AdventurousApe or someone else who can attend the next Spaces if I cannot, will raise this rather serious point.

I would also like to see a specific Discourse section with updates as this program moves forward. Take a look at the Arbitrum $265M GCP updates thread for an example of how to do this.

In closing, I would like to say this again - and with zero ambiguity:

I have no immediate plans to deploy any of my three projects on ApeChain. Aside from the fact that I have already made commitments to other friends in this regard, I still believe that it’s going to be a massive lift for it to be even a minimal success. Since 2022, I have had too much time and money invested in these projects to take that kind of risk because if I lose this Web3 bet that I have made, I could lose it all. I am 61, and as an active dev who still [shockingly] actually writes code for my projects, I don’t have any more games left in me. So, this is it for me.

That said, I will continue to cheer on those many credible and hardworking builders (gamers or otherwise) who come through here from time to time, and help them, in whatever way that I can, to succeed.

And if I do end up finding a way to support ApeChain with games, I will communicate it directly to the DAO because I have no interest in behind-the-scenes deals which I will continue to rally against because that’s not how transparency should work. That said, I do have some ideas, but I need to fully formulate them before presenting them to my DAO frens.

[SmartAPE]

@blockchainzilla

I disagree that the DAO community’s trust in Horizen is at an all-time low, and I’m always wary of anyone claiming to speak for the community at large. I certainly understand that your and a few others’ trust may need to be repaired but on a broader scale,

Agreed. I should have said “the trust level that some in the DAO community”. I was not speaking obo the entire community at large, but rather, going by the sentiments expressed and which are within my social media and private discussions purview. In that regard, I have personally seen more dissent than support. Even within Horizen’s own social media outlets and DAO community.

@blockchainzilla

Regarding social media feeds, I am currently the most actively front-facing HL employee around ApeChain and talk about ApeChain, the DAO, etc. constantly on X. Most of our opinions/postings come from employee accounts, not The Horizen Labs official feed. The Horizen Labs official feed is mostly focused on promoting products that are actively being shipped (zkVerify, for example, currently), and there will be posts about our work on ApeChain coming from there as we get closer in; it’s simply not where we opine on things for the most part.

Understood.

@blockchainzilla

I have absolutely no insight into any of the prior interactions you’re referring to between other Horizen Labs/Horizen Labs-adjacent folks and anybody on your side, and as such, you’ll excuse the lack of a direct response. What I will say is feel free to route this DAO member to me. We are committed to working with DAO members and getting AIPs passed that benefit ApeChain in particular, and I’d be happy to talk to them.

Very well. Thank you.

[Lost.Admin]

Hi @Waabam,

The community feedback period for your proposal would be ending in less than 24 hours.

• If you’re content with the feedback received, your next steps are to finalize your proposal using the AIP Draft Template.

• A moderator will reach out to the author to finalize the AIP Draft. Upon receipt of the final Draft, we will review and provide instructions on the next steps.

• Are you ready to proceed to the next phase or do you wish to extend community discussion for another 7 days?

We look forward to hearing from you.

-@Facilitators

[Lost.Admin]

Hi ApeCoin DAO Community,

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

• This proposal has been assigned the AIP ID Number 454.

• Our team has reviewed and discussed @Waabam’s AIP Draft and have sent a list of initial questions, to which the author has responded.

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

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

Kind Regards,

-@Facilitators

[Lost.Admin]

AIP-454: The BANANA Bill: Apes Gotta Eat

PROPOSAL NAME: The BANANA Bill: Apes Gotta Eat TEAM DESCRIPTION: Authors: Waabam, APE Foundation Aepicurean, Full Moon Labs Blockchainzilla, Horizen Labs BoredApeG, APE Foundation Hazel, APE Foundation Proposed Advisory Committee: The proposed Advisory Committee is composed of community members with an array of expertises to leverage for the benefit of the Banana Program and APE Ecosystem. Their experiences have taken them across the globe and their skills cover, amongst other things, …

This proposal is live for vote at Snapshot. The voting period closes 2024-07-04T01:00:00Z

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimize for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.

[Mocaverse]

Khaby, here！ they don’t need dao, they just need everyone to bring their money together.

[dyorjdr]

What a pleasure to read an AIP of this type…
Finally, we will move forward, and give ApeCoin and ApeChain all the potential they deserve.

[12GAUGE.Admin]

Hi ApeCoin DAO Community,

The voting period has closed for this proposal and it has been accepted with a 75.75% pass rate. The proposal will be passed on for implementation.

Follow this proposal under the AIP Transparency and Execution Category. A new post has been created here, Implementation Update | AIP-454: The BANANA Bill: Apes Gotta Eat , and further updates will be posted.

Thanks,

-@Facilitators