AIP-517: Our locked $ape tokens need protection

[SmartAPE]

@furiousanger

I want to put a stop to special treatment being afforded to certain people.

Do you have an example of when this has actually happened? You’re not talking about this discussion Facilitator Note #20 : Apes Gotta’ Eat are you?

@furiousanger

The 69% threshold must be applied to any AIP spending or allocating $ape over $250k.

That’s the current standard.

As I previously explained, spending and allocating are being used interchangeably. The AIP was clear and the APE Foundation has now ratified the notion that tokens that don’t get removed from the treasury by way of spending, can be delegated as a “no cost” proposal.

Thus far, only two proposals and one discussion (not a proposal) have gone down this route:

07/03/24: AIP-489: Restoring Balance - 13.6M / FAILED 08/28/24
06/24/24: AIP-474: Delegated ApeCoin Community Voting Wallet - 15M / FAILED 08/28/24
03/03/24: REDRESSING THE BALANCE - APE FOUNDATION will delegate 6.3million $APE to a community VOTING wallet

@furiousanger

Only way to address this issue currently is to stop the method in which they are circumventing the application of the 69% threshold for certain AIPs. It’s not fair and it’s not right.

How is it being circumvented? And by whom?

@furiousanger

This is the foundation dictating their new setup - they simply use the words “locked tokens”.

Tokens are locked (from spending) until they need to be spent. And so, whether or not they are actually spent (paid out) or delegated (moved to a voting wallet), they need to be unlocked. Am I missing something?