Auto Compounding for ApeCoin Staking

The idea would be to propose the option for compounding (claim + restake) of the rewards of ApeCoin Staking.

Different mechanism could be implemented such as:

  • If the NFT you paired are not maxed out: Auto-compounding of all rewards to complete pairing pools in priority.
  • If the NFT you paired are already max out: Auto-compounding in the ApeCoin pool instead.
  • In all cases: Make the single ApeCoin pool auto-compounded.

This AIP would need to define different parameters such as the Bounty to reward the user who trigger the compounding for a pool if the process is manual OR a performance fee to cover the auto-compounding integrated to the contract.

Let’s discuss about the idea?


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.

Hey @CypherGlaze,

Glad to this Idea from you, especially since you are one of the SC Nominees and a Bored Ape discord degen group member (Group is always forming) :gorilla: :orange_heart:

We have a comprehensive idea from a couple of Bored Ape devs, @srsly & @beleevens, I’ll link it here below! Once they finalize their Draft the post would be reopened for comments again, we can offer more feedback/support, & the Draft will be under admins review.

3 Likes

Love this idea and think this would generate huge value for the ApeCoin community. Pendle.fi and others are already trying to enable this sort of functionality, and many apes are interested. I think an official ApeCoin interface providing this functionality that is properly audited, bug-bountied, and developed, would be an incredible piece of DAO infrastructure.

Would love to extend Solidity.io’s resources as support in building this out and making this a reality.

4 Likes

Strongly agree here, which is why we’ve built an auto-compounding service and offered it to the ApeCoin community as a public good. The compounded charges no fees and the smart contracts are audited. https://twitter.com/pendle_fi/status/1602368497312374784
Just stake APE and get sAPE in return.

We also proposed to add a link to this feature directly in the apestake.io site. Would love the community’s feedback on this! Add $APE Compounder button at app.apestake.io

2 Likes

Hi @CypherGlaze,

Your topic will be automatically closing in less than 24 hours. Are you content with the feedback received, or do you wish to extend community discussion for a further 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.

-Pearson

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

Thank you @CypherGlaze 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. @CypherGlaze please see your messages for the next steps.

-Escape

Hello community,

Just an update here that we have not heard back from the author in more than 30 days. As per DAO Guidelines, this Proposal will be Withdrawn.

Best,
-mallard

1 Like