🟡 Implementation Update | AIP-582: ApeChain, On-chain – ApeCoin DAO Governance Revamp

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:

  1. 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
  1. ApeChain Protocol Upgrades:
  • On-chain protocol upgrades and updates using Governor Bravo contracts, governed by the ApeCoin DAO
  1. 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.
  1. 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: