AIP Name: AIP-582: ApeChain, On-chain – ApeCoin DAO Governance Revamp
Implementation Status: Pending
Implementation Date: N/A
Author: @Ape.Admin
Proposal Description: This AIP proposes replacing AIP-1 and AIP-2 and guiding the ApeCoin DAO to a drastically more effective governance process by removing administrative layers and moving more decision-making on-chain. This proposal would place more autonomy and power into the hands of the ApeCoin DAO, while focusing the DAO’s efforts on growing ApeChain.
Key Points:
- DAO Treasury:
- On-chain DAO treasury using Governor Bravo contracts
- 75/25 split
- 75% of total treasury placed on-chain for the ApeCoin DAO
- 25% of total treasury provided to Ape Foundation for its Administrative Budget
- Power directly in hands of ApeCoin DAO
- 75/25 split
- ApeChain Protocol Upgrades:
- On-chain protocol upgrades and updates using Governor Bravo contracts, governed by the ApeCoin DAO
- Creating the Executive Director role and clarifying the role of Special Council:
- Establishing an Executive Director of the APE Foundation, responsible for driving ApeChain’s growth and enhancing ApeCoin’s value.
- Creating an Audit Committee, to provide oversight over the Executive Director and the APE Foundation budgeting and finances.
- Clarifying that Special Council members are no longer involved in the AIP process, and current Special Council terms will be extended by 6 months to provide continuity and guidance in light of this governance revamp.
- Replacing AIP-1 and AIP-2, and adopting the ApeCoin DAO Constitution (see below in the “Benefit to ApeCoin Ecosystem” section).
Overall Cost: $100,000 one-time cost + $275,000 per year.
Related AIPs: AIP-1, AIP-2
Timeline Updates:
Interview Q&A: