AIP-596: Sunsetting the DAO and Launching ApeCo — A New Operating Model for ApeCoin

Proposal Name

Sunsetting the DAO and Launching ApeCo — A New Operating Model for ApeCoin


Team Description

Greg Solano, CEO of Yuga Labs


Proposal Description

This proposal recommends a bold and necessary evolution of the ApeCoin ecosystem: the wind-down of the ApeCoin DAO. While the DAO was instrumental in bootstrapping ApeCoin’s early momentum, it has become misaligned with the future we must build. The next chapter demands sharper focus, faster execution, and an operating model that backs only the highest-caliber projects.

This AIP authorizes the orderly transition of assets and responsibilities to ApeCo, a new entity established by Yuga Labs. ApeCo’s mission will be to supercharge the APE ecosystem by supporting high-quality builders and reinforcing three core pillars: ApeChain, Bored Ape Yacht Club, and Otherside. The ApeCo team will be composed of Cameron Kates, the current Executive Director of the Ape Foundation, as well as other Ape Foundation and Banana Bill team members.


Motivation

ApeCoin DAO was a bold experiment, but one born of a different era. What started with promise has devolved into sluggish, noisy, and often unserious governance theater. Too many resources have gone to vanity proposals and low-impact initiatives.

That stops now.

The redeeming aspect of the DAO was that it funded builders. We still believe in that mission, but the bar on what is worth funding is going way up. The new model must focus on quality, impact, and alignment with the core of what ApeCoin is meant to power.

We believe this transition will:

  • Unleash faster product development and capital deployment
  • Eliminate governance gridlock that holds real builders back
  • Reignite belief in the long-term utility and cultural significance of ApeCoin
  • Make ApeChain the most culturally relevant chain in crypto

Rationale

The ApeCoin DAO:

  • Enabled experimentation but at the cost of quality
  • Encouraged governance participation, but became easy to game
  • Funded some good builders, but many bad ones
  • Was never optimized for long-term product development or market agility

This proposal clears the cruft and installs a professional operation to direct capital with conviction and strategic intent.


Specifications

Final Allocations & Asset Transfers

  • Staking Commitment: Fully fund the ApeCoin staking contract (~11.25 million APE), as previously approved.

  • Obligations & Transition Costs: Retain 10 million APE for legal and contractual obligations (including Executed AIP Contracts), plus administrative, operational, and transition expenses.

  • Transfer Remaining Assets: Transfer all remaining assets of the Ape Foundation and/or ApeCoin DAO (including APE, fiat/digital currency, IP, smart contracts, domains, and technical infrastructure) to ApeCo.

Governance Termination

  • Terminate the DAO governance system, including all rights and powers of tokenholders related to governance and assets.
  • Dissolve the ApeCoin DAO, including:
    • Nullification of all prior AIPs (except for ongoing adherence to Executed AIP Contracts)
    • Termination of delegated authorities, working groups, elections, and forum and
    • Waiverof the ability to amend or revoke this AIP

Override of Conflicting Frameworks

  • Supersede and nullify all prior AIPs, governance docs, or contracts that conflict with this AIP

Execution Authority

  • Authorize the Executive Director of the Ape Foundation to take all legal, administrative, and technical steps required to carry out this AIP, including ensuring the transfers to ApeCo are done in a way that is consistent with the Motivations above (such as considering tax efficiencies).

Benefit To ApeCoin Ecosystem

  • Decisive Clarity: Ends the ambiguity of DAO governance and eliminates waste

  • Strategic Focus: Directs resources to core ecosystem pillars: ApeChain, BAYC, Otherside

  • Builder-Friendly: Offers funding to real builders via milestone-based grants and tighter accountability

  • Trust-Driven: Creates a governance-lite structure that stakeholders can believe in again


STEPS TO IMPLEMENT:

  1. Fund the staking contract
  2. Shut down DAO infrastructure
  3. Transfer assets to ApeCo, as specified

Reporting Expectations

N/A


Overall Cost

Total amount requested from the ApeCoin Ecosystem Fund = No new cost beyond allocations described above. Existing treasury assets will be used.


Conclusion

The DAO served its purpose, but the game has changed. We’re no longer in the experimental phase. We’re building the best chain in crypto and expanding the most iconic brand in NFTs. ApeCoin should be the economic engine for that future.

3 Likes

I fully support this and am happy to see it in motion

14 Likes

Fully supported and voted for!

9 Likes

IN FULL SUPPORT - This is what was needed - for the tastemakers who made the club great to take full control again and tastemake again to make apecoin great again.

7 Likes

DAO fatigue is real. ApeCo sounds like the reset we’ve been needing with clearer ops, stronger leadership, and still space for the community to win. Let’s build smarter.

8 Likes

Never Fade Yuga – Will be standing alongside you on this new journey. We’ve come along way from the beginning starting at Yuga Labs and evolved into a massive force of energy. Looking to reinforcing the pillars that we’ve been standing on. LFG Gargamel!

6 Likes

A much needed AIP… Full support!:fire::fire::fire:

8 Likes

First time voting on governance as an APE! Full steam ahead. Voted for. :collision:

4 Likes

Would like to know what happens to the following things

  • Approved AIPS, which never made anything
  • Budget of Apecoin Foundation and Banana Bill, which got approved recently, will also be transferred to ApeCo?
  • Acquired NFTs from Machi and Yat Siu will also get transfered to ApeCo?
  • There was another Yat Siu AIP where he asked for 10 million to coinvest as far i can remember, this didnt got executed yet i assume, so its also cancelled?

Otherwise will support what Garga and the majority of the community wants, sometimes it takes drastic approaches to fix stuff.

15 Likes

Full support, has my vote yes.

5 Likes

much needed change and I’m glad it’s happening so quick. full support!!

5 Likes

Voted for this. This is what is absolutely needed, we need to keep ApeCoin sustainable. Yet able to use in certain areas
Not allowing it to go towards just anything and no more overfunding :100:

2 Likes

you have my absolute full support on this. A Much needed change! Lets get it done! Voted for the proposal

4 Likes

Makash here – fully aligned. :brain::fire:

I’ve been building with ApeCoin and ApeChain from the trenches – from IRL integrations to premium products that bridge Web2 and Web3.

This AIP is the long-overdue evolution the ecosystem needs. Clarity. Speed. Quality over chaos.

Sunsetting the DAO in favor of ApeCo is not the end – it’s the maturation of what we all dreamed ApeCoin could become.

ApeChain, BAYC, Otherside – this trinity deserves full focus.

Builders will finally have a structure that supports innovation at pace, with accountability and purpose.

I’m ready to build under ApeCo.

And I fully support this shift. Let’s make history – again. :gorilla::globe_showing_europe_africa:

2 Likes

this proposal is the most lean, on-chain, and community-first move we’ve seen in a while.
I support this :saluting_face:

2 Likes

I support this. We need to move forward and be agile.

3 Likes

Voted. ApeChain on TOP

3 Likes

Also what happens to the ownership of banana bill investments?

4 Likes

Good to see this move Garga, misfunctioning mechanisms should be fixed, if not possible, they had to be replaced. ApeChain on top.

1 Like

Eventually came to the day

Before the faucet got drained