Peeps… Some fun proposal updates:
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Following discussions with the Special Council, it was advised that a standardized grant agreement would be more suitable than an investment liquidity provision to better manage risk for the Foundation. In response, Ithaca Protocol will now inject a smaller, interim liquidity seed from the proposal funds, with plans to request additional liquidity once the market has expanded beyond the current allocation.
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Initially, Ithaca Protocol’s airdrop rewards from the liquidity provision were to be returned to the APE Foundation in full. With the new approach, since APE is granted and not isolated from other potential seed capital, benefits are being redirected into the community, with rewards being doubled for anyone trading APE options.
In summary, the original proposal requested $615,000 USD in APE, including a $500,000 seed investment controlled by the APE Foundation. The updated proposal requests a total of $245,000 USD provided in APE as a standard grant, with rewards being directed back into the ApeCoin ecosystem for those trading APE options.
➔ Click here for the Ithaca Protocol airdrop roadmap
➔ Click here for an educational resource on options trading from Ithaca Protocol
AC
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Hi ApeCoin DAO Community,
Our team has reviewed and discussed @AllCityBAYC '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,
-@Facilitators
Hi ApeCoin DAO Community,
Edits have been made to this Topic, by the author.
You can click the Pencil icon at the top of the post to see these edits.
Additionally, @AllCityBAYC 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,
-@Facilitators
Hi ApeCoin DAO Community,
Edits have been made to this Topic, by the author, by the author’s request, or with the author’s consent.
You can click the Pencil icon at the top of the post to see these edits.
Follow this Topic as further updates will be posted here in the comments.
Kind Regards,
-@Facilitators
Hi ApeCoin DAO Community,
We have no further questions for @AllCityBAYC . This AIP is now under Administrative Review.
Follow this Topic as further updates will be posted here in the comments.
Kind Regards,
-@Facilitators
Hi ApeCoin DAO Community,
@AllCityBAYC has requested to withdraw their application. This AIP will be moved to and remain in the Withdrawn AIPs category.
Kind Regards,
-@Facilitators