Yuga should have followed the DAO rules when putting up this AIP and/or the Foundation should have enforced the rules themselves. Also, Yuga should release the information that we need to make an informed decision on this AIP.
That said, I sincerely hope that Yuga does a better job with these assets. I’m a Bored Ape. I will always be here should any other Bored Ape need anything at all.
I’m officially NOT withdrawing from the ApeCoin DAO Special Council race. Here’s why this matters for ALL of us!
I’m glad @Garga letting go of Meebits, Moonbirds and Cryptopunks has given him time to see that the DAO fulfilled its role, but the landscape has shifted. We have moved past the experimental stage. We are creating the leading chain in cryptocurrency and growing the most renowned brand in NFTs. ApeCoin is intended to be the driving force for that future.
We at Clutch Markets on ApeChain and the Clutch Puppies community fully support this proposal. Less spending , less emisisons , more revenue , more winning , it is a no brainer.
Lets fcking go.
Underhandedd here in full support of sunsetting the DAO. Time to let the founders take the reins once more.
First of all — truly excited to see this transition proposal. BAYC and the broader Yuga ecosystem are one-of-a-kind in Web3 and NFT history. They must thrive, and restructuring the operational model is absolutely necessary to get us there.
When I mention “BAYC ecosystem,” I refer to the entire Yuga Labs ecosystem — including Mutants, Kennel Club, Otherside, and associated products and experiences.
When the official AIP is published, it would be great to include more concrete plans for how builders will be supported. A few thoughts:
Request: Make MBA a strategic pillar within ApeCo’s roadmap. It has the strongest foundation for long-term real-world and Web3 synergy.
As a builder working in the RWA (real-world asset) space for the past 1.5 years, I see a major opportunity here:
Request: Consider highlighting support for builders working on RWA, consumer dApps, PayFi, etc., within the MBA and ApeChain ecosystem.
A strong, well-defined value proposition is crucial for attracting the right builders and dApps into the ApeChain ecosystem. Without it:
We need ApeChain to be more than just another general-purpose chain . The era of “all-encompassing L1/L2” is fading. What wins now are chains with strong cultural gravity and focused direction .
If the vision is to make ApeChain “the most culturally relevant chain in crypto,” then:
Request: In the final AIP or future comms, share more about ApeChain’s:
This clarity will attract purpose-driven builders who are here to build with intention, not just farm grants or traffic.
As a fellow builder and BAYC holder, here’s what we’ve been working on:
Final ThoughtsWe’re here, we’re building, and we’re proud to do it as part of this iconic ecosystem.
Thanks @dutchee took the time to organize and share the content from the recent Space did by @Garga. That context was incredibly helpful and made it easier for everyone to understand the vision behind this proposal.
dutchee’s post: https://x.com/DutcheeWasHERE/status/1932237762897539326
Love the incredibly well organized thoughts here Jade.
Thanks for amplifying the post 
LFB
I put together a post detailing what the voting power necessary to enact this AIP is going to look like.
This will be highest voted on AIP in ApeCoin DAO’s history.
What is going to be the tax charge on this transaction. If the assets are transferred for nothing in return, will ApeCo have income to the extent of the fair market value of the assets transferred?
Who will pay that tax?
Will ApeCo liquidate ApeCoin to pay that tax?
Let’s assume for the sake of that discussion that the value of the assets in a conservative $400 million, and that the tax will be at the 21% corporate tax rate, that’s an $84M tax bill and roughly 120M ApeCoin will need to be sold to cover that debt.
A sale this large will have a significant impact on the price of ApeCoin.
Hi @Garga ,
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.
To start with the truth: the concerns raised thus far are valid and we have seen particularly strong and meaningful inputs from Ernest Lee, Bigbull and others… kudos to all of you for making us pause and reflect critically. There is no doubt that this DAO has done meaningful work. From Banana Bill to the Security Council, from Layer 2/3 innovation to funding indie builders, we have seen real people, real talent, and real energy flow into building something on-chain, something ours. That certainly deserves respect. Full stop. And for that I thank every contributor, every vote, every experiment and the hours of effort and work poured in - respect to you all.
In parallel, we also need to be brutally honest: none of this would exist without Yuga’s original fire. The funds came from Yuga. The momentum came from Yuga. The permission to dream in this space came from a team that did not wait for a roadmap, did not beg regulators for clarity, they invented it, built it and led for the entire space. That is the kind of “F@ck it” energy that started everything.
During a foggy time, Yuga handed a shared responsibility to the DAO. It was not a surrender, but an invitation. An experiment in decentralization during regulatory chaos. And the DAO carried that flame for a while. But let’s be real, the DAO did not create the fire, it tried to manage it. And somewhere along the way, that raw instinct of Yuga got diluted. We traded “f@Ck it, let’s build” for governance cycles. We traded instinct for infrastructure. We turned culture into committees and vibes into voting portals. We told ourselves we were decentralizing, but what we really did was bureaucratize. Yes, the DAO funded some great experiments, but it also lost the plot and turned into popularity and/or extraction contests. Not always… but often enough that many of us started to drift away from it.. Because: We stopped being dangerous. We stopped being fast. We stopped being us. That ‘f@ck it’ spirit was never meant to be tamed.
Through it all, the core truths did not change:
We can keep refining governance frameworks, drafting new KPIs, and promising quarterly transparency reports. But if we are to be brutally honest, none of that is what brought us here. We were never supposed to become another protocol DAO fighting over budget spreadsheets and quarterly audits. We were here to build something wild, something legendary, something that did not yet exist.
If this were just about who could better file transparency reports, I would lean to vote “no.” But to me, this vote will be bigger than a spreadsheet of assets or legal constructs. It will be a test of whether we still have the courage to move like the founders did at the onset. This is about getting us back to the edge.. reclaiming speed.. reclaiming culture.. reclaiming risk. And if that means sunsetting what no longer serves for us to achieve that, so be it. There is no shame in that, just evolution.
Let us acknowledge and honor the builders and bless what the DAO made possible, but then return the reins to the originators who had the guts to start this journey in the first place. Because no, there are no legal guarantees if ApeCo takes the reins. No clauses to force Yuga/ApeCO to do what we think they should. But there were never guarantees at the beginning either. Just conviction. Just audacity. Just the wild belief that we could build something legendary, without permission.
And with that, no matter how much I reflect, it brings me back to the exact same question: do we still have the courage to trust the fire that started it all? So that is what I will be voting on: to return to form.. return to movement.. return to the chaos that created this legend. I am all in.. to get back to letting the pirates steer the ship again.. not because it’s safe.. not because it’s tidy.. But because it’s true to what got us here in the first place.
Its time for us to get back to instinct.. back to the edge, not out of bitterness, but with love. With respect, and with the deep gratitude of having tried, learned, and contributed. To me, this is not the end of a chapter, just a return of the pen to the ones who first dared to write the story!
You are truly gifted at writing. Probably the most beautiful thing I have read this year.
This topic was automatically closed after 7 days. New replies are no longer allowed.
Hi @Garga ,
Thank you for your ideas [and the ApeCoin DAO community for the insightful discussions].
A moderator will reach out to the author to finalize the AIP Draft using the appropriate template.
Follow this Topic as further updates will be posted here in the comments. In accordance with DAO-approved guidelines, if the author does not respond within 30 days, the proposal will be automatically transferred to the Withdrawn category, and the author can re-submit the idea.
Hi ApeCoin DAO Community,
@Garga has completed editing their AIP Idea to be their AIP Draft.
This proposal has been assigned the AIP ID Number 596.
Follow this Topic as further updates will be posted here in the comments.
Kind Regards,
Hi ApeCoin DAO Community,
We have no further questions for @Garga . This AIP is now under Administrative Review.
Follow this Topic as further updates will be posted here in the comments.
Kind Regards,
The Final AIP now submitted to Snapshot does not disclose the total value that will be transferred to ApeCo. This is the first AIP ever submitted to a vote without even a rough estimate of the total cost. This is a requirement included in AIP-1 before an AIP moves to a vote. AIP-1: Proposing the DAO - Process
We should therefore be provided a copy of the AIP Analysis Report and the DAR Package together with all Special Council comments to the same so that we can understand the reasoning behind changing the rules for this AIP.
We are, after all, still a DAO, until we are not.
This proposal is live for vote on Snapshot. The voting period closes 13 days from now at 9PM EST.
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.