$APE Rewards for Staking Otherside "KODA" NFTs

This proposal outlines the implementation of a staking mechanism for $APE coin specifically designed for Otherside Koda NFT holders. The goal is to incentivize and reward NFT holders, enhancing the utility and value of Otherside Koda NFTs within the $APE ecosystem.

Motivation: Otherside Koda NFTs are unique digital assets that contribute to the vibrant ecosystem surrounding $APE. By introducing a staking mechanism exclusively for Otherside Koda NFT holders, we can create additional value for both the NFTs and the $APE coin. This proposal aims to foster long-term engagement, community participation, and overall growth of the $APE ecosystem.


  1. Staking Mechanism:
  • Otherside Koda NFT holders will have the option to stake their NFTs individually and/or by using $APE coins.
  • Staking periods and associated rewards will be determined based on consensus within the community, taking into consideration factors such as market conditions, network stability, and economic incentives.
  • Staking can be done through a dedicated staking platform, accessible via a web interface or through a compatible decentralized application (DApp).
  1. Rewards:
  • Stakers will be eligible to earn rewards in $APE coins for their participation.
  • The reward structure will be defined based on various factors, including the staking period, the number of Otherside Koda NFTs staked, and the overall staking pool size.
  • Rewards may be distributed on a regular basis, such as daily, weekly, or monthly, to provide consistent incentives to stakers.
  1. Governance and Voting:
  • Stakers who participate in the $APE staking program will be granted voting rights proportional to their staked Otherside Koda NFTs.
  • Voting power can be utilized for community governance decisions, such as protocol upgrades, parameter adjustments, or other significant changes to the $APE ecosystem.
  • Voting mechanisms can be implemented through on-chain voting contracts or through integrations with existing decentralized governance platforms.
  1. Security and Auditing:
  • The staking mechanism and associated smart contracts will undergo rigorous security audits by reputable third-party auditing firms to ensure the integrity and safety of participants’ funds and NFTs.
  • Regular security audits and updates will be conducted to address any vulnerabilities and maintain a robust staking infrastructure.

Implementation and Timeline:

  1. Proposal Submission: The AIP proposal will be submitted to the $APE community for review and feedback.
  2. Development and Auditing: Once approved, the development team will begin implementing the staking mechanism, followed by extensive security audits.
  3. Testing and Deployment: The staking platform will undergo comprehensive testing and debugging to ensure its stability and functionality.
  4. Launch and Integration: Upon successful testing, the staking platform will be deployed and integrated into the $APE ecosystem, allowing Otherside Koda NFT holders to start staking their NFTs for $APE rewards.
  5. Monitoring and Upgrades: The staking mechanism will be closely monitored for performance, user experience, and security. Upgrades and optimizations will be implemented based on user feedback and evolving market conditions.

Conclusion: Implementing a staking mechanism for Otherside Koda NFT holders within the $APE ecosystem presents an opportunity to enhance community engagement, incentivize long-term holding, and provide additional value to NFT owners. This proposal outlines the main features and considerations for such a staking mechanism, emphasizing the importance of security, rewards, governance, and community feedback. By embracing this proposal, $APE aims to create a mutually beneficial ecosystem that supports the growth and success of both the $APE coin and Otherside Koda NFTs.

I really hope the community and Koda NFT holders adhere to this new AIP proposal better than the one I submitted yesterday. I took everyone’s responses to that AIP and reflected on how this proposal could make a bigger/positive impact on the ENTIRE $APE ecosystem! Thank you ALL for your time and consideration!

Yours Truly KODA #5080

Proposals submitted to the AIP Ideas category can be vague, incomplete ideas. Topics submitted here are not required to be submitted as a formal AIP Draft Template, however, you may still use the template if you wish.

1 Like

Hey there @tmay314, glad to see you so passionate on this topic. If you haven’t already done so, I encourage you to check out the following previous posts, and comments, as it might help shape your proposal.

Rather than rehash the arguments that inevitably emerge from proposals of this nature, I recommend checking out the discussions on these, particularly the first one. Some great exchanges going on here that might help you when considering your proposal.


I thought Otherside will be utility for ApeCoin, if Otherside (Otherdeeds and Kodas) are going to generate ApeCoin, will it lower decrease the value of ApeCoin further?


Hi @tmay314,

Your topic will be moving to the AIP Draft phase in less than 24 hours. Are you content with the feedback received or do you wish to extend community discussion for another 7 days?

If we do not hear from you within 48 hours after your topic closes, your topic will be moved straight to the AIP Draft process.

We look forward to hearing from you.


if we add new collections to receive staking rewards, it should be outside of the yuga ecosystem to onboard new people into $APE.

kodas? a clear “no” from my side
any other collection? maybe

This topic was automatically closed after 7 days. New replies are no longer allowed.

Hi @tmay314,

Thank you for your ideas [and the ApeCoin DAO community for the thoughtful discussions]. A moderator will get in touch with the author to draft the AIP in the appropriate template. Once the AIP is drafted and meets all the DAO-approved guidelines, the proposal will be posted on Snapshot for live official voting at: Snapshot

Follow this Topic as further updates will be posted here in the comments. @tmay314 please see your messages for the next steps.


Hi ApeCoin DAO Community,

This Topic has been rejected based on the DAO-approved guidelines due to no response in the last 30 days. The Topic may be submitted again by any user and upon approval, will be open for 7 days for community discussions.

This Topic will move and remain in the Withdrawn AIPs category.