Hey congrats @Tenzent I’ve been following Silo since beta and I’m stoked to see you guys gathering liquidity. Thank you so much for your AIP Idea! I will reach out to you in DMs but wanted to share here that with our current DAO architecture there are a few bumps in the road in terms of implementing this AIP.
The APE Foundation currently holds the entirety of our Treasury, (
) and they are a not for profit Cayman Island Foundation. They won’t be able to deposit any APE into Silo from the perspective of the Foundation. Your team, or more preferably, a treasury working group would need to take custody of this grant request to facilitate the deposit.
We do have a DAO owned multi-signature wallet that was set up as a part of AIP-98:
I don’t want to discourage you, as there are clear workarounds, but I do want to make clear the APE Foundation won’t be able to participate in any investments like this. Personally, I would reach out to @zheerwagen and see if there is potential there for the multi-sig to take custody and facilitate the depoist.
Question:
Your AIP specifies the DAO would retain custody of these assets, is there any timeline you’d like us to keep them deposited in Silo? I’m guessing at least 1 year, but I just want to set expectations up front on when our liquidity obligations would be over after passing this AIP. Not to imply there is reason to move it around in a year, I just want to get clear on expectations. =)