ApeChain on the Superchain

Great to see an AIP by OP!! As a community member in both APE and OP, I was too impatient so I launched an ApeChain Testnet (OP Stack) via Conduit. If any apes wanna try out OP Stack, you can try it here (or launch your own OP Stack testnet)!

OP has a super cool and enthusiastic dev community. Andrew from Conduit has been very helpful and responsive to my questions for the initial setup of the Sepolia L2 testnet. Right after I posted it. SuperBridge folks jumped in to offer help for customizing the testnet L1/L2 bridge UI. Bridging isn’t too complicate and it’s just like using Uniswap. The native OP cross-layer messaging is quite cool for doing things with APE on L1 and interacting with smart contracts on L2 without extra dependency (open source sample). I’ve been using this testnet for my MadeByApes#218 indie game - Another World. More experiments are on the way!

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ApeCoin on Optimism…that would be something.

I’m curious to know what the costs of this would be.

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would APE be the base currency of the chain?
Meaning would gas and validator fees be paid and received in $APE?

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The more utility we bring in our $APE token, it is of great value, turning the economy around and everything works well

Andrew from Conduit here, we’re the premiere rollups-as-a-service platform behind the major L2 launches like Zora Network, Public Goods Network, Aevo, and more.

We work closely with the Optimism folks on delivering the Superchain.

Appreciate @ben-chain’s and @jackie’s posts here. We’d love to work with the Apechain community to deliver a production-grade, fully-managed rollup on Ethereum.

Our offering includes:

  • High-availability Sequencing, with automatic failover and zero-downtime-deployments
  • Conduit Supernode RPCs, that scale automatically with your usage
  • Block Explorer, Transaciton Tracer, and Bridge UI (powered by Superbridge)
  • Best-in-class security, monitoring, and 24/7 on-call for your deployment
  • A suite of proprietary integrations, like Dune and Tenderly

As @jackie noted, you can spin up a testnet for free on our app here. Mainnet deployments take less than an hour (we spin up dedicated infrastructure just for your chain).

Let me know if you have any questions, my telegram is andrewhuang88!

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What we typically see is excess sequencer revenues can be used to buyback/burn the $APE coin. There are major benefits to having ETH as the native token:

  • Ease of L2 TX pricing, since DA fees are paid in ETH
  • Compatibility with other chains, easier onboarding
  • Better interoperability (see cosmos for why different gas tokens on different chains is so fragmenting).
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I’m intrigued by the concept of #ApeChain, and while I appreciate the current model of having $ape as a dao token, I believe it’s crucial to designate it as a ‘‘gas’’ token as well. Additionally, the incorporation of $ape, bayc, mayc, and bakc for staking purposes is vital for network security. This strategic move would enable a gradual phasing out of LM incentives. I wonder if the integration of these ideas is feasible through the use of ‘‘superchain’’ by optimism? I’ve detailed some of these thoughts and suggestions in greater detail in the following forum post: #ApeChain with bayc/mayc/bakc & $ape validators

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The proposed collaboration between ApeCoin and the Optimism Foundation for developing ApeChain on the Optimism Superchain holds promising potential. The outlined benefits, from easy deployment to active participation in Optimism’s governance, demonstrate how this partnership can facilitate a smooth launch and sustainable growth.

Notably, the emphasis on returning transaction fees to the community and ApeChain’s active role in governance adds depth to the proposal. Integration into the Optimism ecosystem not only promises access to innovations but also provides a robust foundation for ApeCoin ecosystem growth.

The detailed explanation of the Superchain vision, aiming to scale Ethereum through decentralized, interoperable L2 chains, highlights the multifaceted potential of this collaboration. The Superchain ecosystem’s highlights, from access to technology and talent to a fast, cost-effective platform, offer compelling reasons for ApeCoin DAO to explore this option.

Commitments to funding public goods and participation in Optimism Governance contribute to ensuring sustainable and fair development. Key terms like the “Law of Chains” and “Optimism Governance Participation” underscore the commitment to an open and democratic structure.

Lastly, the hope for a long-term strategic partnership emphasizes the potential for mutual benefits between ApeCoin DAO and the Optimism Collective. The willingness for transparent discussions and the involvement of Optimism contributors in cost breakdown underscore a commitment to open and collaborative development.

Overall, the proposal presents a compelling vision for the collaboration between ApeCoin and the Optimism Foundation, with the potential to strengthen not only the ApeCoin community but also the entire Optimism ecosystem.

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a very good question

Hey ApeCoin fam! Hilmar from Gelato here. Epic to see the community consider creating their own Rollup!

We would love to be the Rollup as a Service (RaaS) partner that makes ApeChain a reality and become part of the Superchain! Our Rollup platform not only enables projects to deploy and host enterprise-grade, fully managed & highly scalable OP Stack Rollups on Ethereum, it also provides an end-to-end web3 infrastructure offering to make Rollups actually useful in the first place.

This end-to-end Rollup infra offering includes:

  • Enterprise-grade OP Stack Rollup infrastructure (Sequencers, RPCs)
  • Account Abstraction (Paymasters, Bundlers & best-in-class AA SDKs) to create a web2-like UX
  • Oracles to create e.g. advanced DeFi applications
  • VRF Randomness to create e.g. raffles or lotteries
  • Smart Contract Automation to automate e.g. staking reward claiming for ApeCoin holders, similar to what Synthetix uses Gelato for.
  • Blockexplorer
  • Transaction Debugging Tools for a better developer UX

About us:

Gelato was founded four years ago and is one of the most widely used web3 infrastructure projects, powering over 400 projects including MakerDAO, Safe, Aave and many more. Even OPLabs uses our Functions to provide testnet ETH for all their OP Chains (tweet).

We now expanded our offering and partnered with the Optimism team to help with the deployments of OP Stack Rollups and with it accelerate the adoption of the Superchain. Feel free to dm me directly on telegram @hilmarx, we would be more than happy to onboard you on our Rollup platform, launch a testnet and guide you through your mainnet deployment process!

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I see it’s a race to scale up the Apecoin ecosystem. I have been following up the op stack and optimism super chain and I think the development is more than welcome.

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Hi @ben-chain,

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.

-@Facilitators

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What specific innovations and upgrades enabled by Optimism’s contributor ecosystem will ApeChain have access to as part of the Superchain, and how might these contribute to the growth of the ApeCoin ecosystem?

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

Hi @ben-chain,

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.

  • Once the AIP Draft is confirmed by the author and meets all DAO-approved guidelines, it will receive an AIP ID number and move forward for Draft Analysis Review.
  • @ben-chain please see your messages for the next steps.

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.

-@Facilitators

Hi ApeCoin DAO Community,

@ben-chain has requested to withdraw their application. As per the author’s request, this AIP will be moved to the General category where it will be open for further community discussion .

Kind Regards,

@Facilitators

Hi all, moved this to general to continue discussion–posting some followups to the questions and comments we’ve had so far!

On cost:

The OP Stack is cheap af, and only getting cheaper. OP Mainnet is regularly vying for the top spot on L2fees.info, after the Bedrock release of the OP Stack, where we made a concerted effort to get costs as low as possible.

In addition to this, the Collective is making big strides to continue lowering costs dramatically:

  • Span batches, being developed by Test in Prod (one of the Collective’s Core Developer teams, and creators of op-erigon) lower the costs by 10-90% depending on usage levels.
  • op-plasma, being developed by Lattice (the team behind MUD), will allow OP Chains to use alternative data availability layers with minimal safety sacrifices, lowering transaction costs to sub-cent levels.

We are incredibly proud of both of these examples because they are being shipped by our contributor ecosystem, not OP Labs or the Optimism Foundation. These core devs join efforts alongside Base, the Collective’s second Core Developer.

On usage of ApeCoin in ApeChain:

Because L2s derive their security from L1 Ethereum, and fees on L1 are paid in ETH, it is fundamental that any L2 ApeChain will have some requirement to spend ETH. If fees are paid in ApeCoin, this will fundamentally create sell pressure on ApeCoin to cover the L1 costs. This is not specific to the OP Stack, and is why the above cost measures are being minimized by the OP Stack are so important.

Also, all major ecosystem building blocks like NFT Marketplaces, Wallets, etc. accept ETH as a gas token already. Using ApeCoin as the gas tokens means having to work with all these ecosystem teams to adopt ApeCoin.

On the flipside, the introduction of sequencer revenue also introduces a new stream of funds which could be used by the ApeCoin ecosystem. For example, Zora uses the fees from its OP Chain as a rewards program for creators and collectors, which has been quickly gaining traction since being introduced earlier this year.

On usage of zero-knowledge proofs:

The OP Stack is optimistic today, zk tomorrow. A key philosophy to our approach is modularity – enabling different components of the OP Stack to plug into each other. This means that when zk tech is ready, the OP Stack will be ready for it too.

That work is not just an imaginary future – it’s ongoing. We have the privilege of not one, but two world-class zk teams – O(1) Labs and RiscZero – actively developing zk-OP-Stack proofs. If you want to get into the nitty-gritty, follow their progress here on github!

Keep the questions coming, love ‘em! :saluting_face::red_circle::sparkles:

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