Implementation Update | AIP-21: Staking Process with Caps (1x drop) - Process

AIP Name: AIP-21: Staking Process with Caps (1x drop) - Process

Implementation Status: Complete

Author: @giacolmo.eth

Abstract Summary: After the vote against AIP-4&5, the community had meaningful discussions on the ApeCoin DAO forum and elsewhere. The essential feedback was that overall the framework was fine, but lacked the key element of caps.

This AIP proposes a staking system for ApeCoin and the Bored Ape Yacht Club (BAYC) NFT ecosystem: Bored Ape Yacht Club, Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC). Staking participants will be able to stake ApeCoin and use the Bored Ape Yacht Club ecosystem NFTs to receive ApeCoin from a preset pool over a set period of time.

Overall Cost: $300,000 – $500,000

Related AIPs: AIP-134: Bug Bounty Program for AIP-21, AIP-4: Reloaded: Staking Process with Caps (1x drop), AIP-5: Reloaded: Staking Pool Allocation (linked to AIP4 Reloaded with Caps 1x drop) & AIP-22: Staking Pool Allocation Reloaded - Ecosystem Fund Allocation

Timeline Updates:

Interview Q&A: