Implementation Update | AIP-310: Allow for ApeCoin staked in BendDAO protocol to be counted for voting power

AIP Execution and Transparency AIP Implementation Updates
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AIP Name: AIP-310: Allow for ApeCoin staked in BendDAO protocol to be counted for voting power

Implementation Status: Complete

Author: @BoredApeG

Abstract Summary: The current voting system does not allow ApeCoin staked in protocols, other than ApeStake.io , to be considered in voting power calculations for ApeCoin DAO governance.

This AIP allows for BendDAO to request Ape Foundation’s assistance in implementing ApeCoin staked for its individual users to count as voting power in ApeCoin DAO governance activities.

bend
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BendDAO is the first P2Pool-based NFT liquidity protocol. Built as the underlying infrastructure for NFTFinance, BendDAO offers several innovative features such as Collateral Listing, NFT Down Payment, Ape Staking, all of which leverage the power of instant NFT-backed loans.

BendApeStaking V2 is a Pool2Pool auto-pairing and staking solution, providing Gasless Reward Auto-compounding to all users for maximizing their ApeCoin yield. With V2, holders of BAYC, MAYC, BAKC, and ApeCoin can stake their assets and instantly start earning yield. It offers a pure staking solution, devoid of loan or liquidity risks, thereby safeguarding user assets while maintaining asset efficiency and flexibility.

Overall Cost: 0 ApeCoin

Related AIPs: AIP-2: Voting - Process & AIP-106: POAP Voting Rewards

Reconstruction: This AIP is a reconstruction of AIP-229 to be submitted separately by each protocol.

Timeline Updates:

Interview Q&A:

3 Likes
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I think there is an issue that APE staking on BendDAO does not show up here:

I think this pages also needs to update or the data for delegations will be incorrect.

For example this shows as 0, but has 2000 on BendDAO.

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I noticed we are only using 6 strategies in the apecoin.eth snapshot.

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https://snapshot.org/#/apecoin.eth/settings

Only one is related to delegation.

I think we need two more strategies to track the APE which is delegated to BendDAO and Para.

@BoredApeG

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No need to have new strategy, just append these strategies into the APE (delegated)

Btw, your delegation might not set correctly.

1 Like
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Can you copy paste the new strategies text here.

Many thanks.

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I would also recommend adding the following:

Apes+ created a new strategy to honor delegatexyz for delegated wallet support:

Also when testing myself and bigbull could not see a way to properly have Benddao or Para ape when staked so in return you get baAPE or cAPE, delegated to another user and represented in additional voting power for voting. I believe to likkee.eth’s point this needs to be appended to the existing strategy for those contracts.

Also the delegation.apecoin.com website only represents APE directly in a wallet or APE thats staked with ApeStake only. It does not represent any APE from benddao, Para, etc.

2 Likes
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{
  "symbol": "APE (delegated)",
  "strategies": [
    {
      "name": "erc20-balance-of",
      "params": {
        "symbol": "APE",
        "address": "0x4d224452801aced8b2f0aebe155379bb5d594381",
        "decimals": 18
      }
    },
    {
      "name": "erc20-votes",
      "params": {
        "symbol": "APE (staked)",
        "address": "0x0187Ae64E905b4FE7Dd1568a5642fbEf05E96e71"
      }
    },
    {
      "name": "erc20-votes",
      "params": {
        "symbol": "APE (lock up)",
        "address": "0xc6B740025485104987303E99DD2c54c1369FFe7B"
      }
    },
    {
      "name": "erc20-votes",
      "params": {
        "symbol": "APE(BendDAO)",
        "address": "0xd97420142211c0C8ACF6276e73d8B7A7b09386BB"
      }
    },
    {
      "name": "erc20-votes",
      "params": {
        "symbol": "APE(Para)",
        "address": "0x29E297cBfDBF0420c05b2c499AFe7F3c7AF816cd"
      }
    }
  ]
}
1 Like
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Many thanks. I also got feedback from BendDAO from their support channel.

Question is. Can we just implement this or we need an AIP? I would think this update would be covered by the disclaimer statement on the original AIP @BoredApeG @AllCityBAYC @DeSmart

Ape Foundation will work with BendDAO to assess its needs, and if appropriate, the eventual implementation to calculate voting power for end users. Note that this process can change, particularly if such matters are transitioned to Working Groups of ApeCoin DAO.

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Isn’t the previous AIP already approve for BendDAO and Para? Then should be include directly.

1 Like