Omnichain Fund for Apecoin Ecosystem

Withdrawn AIPs
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PROPOSAL NAME:

Omnichain Fund for ApeCoin Ecosystem Expansion

PROPOSAL CATEGORY:

Ecosystem Fund Allocation

TEAM DESCRIPTION:

We are a group of blockchain and finance experts with extensive experience in DeFi, cross-chain technologies, and DAO governance. Our team includes:

  • Ian, a blockchain architect with over 5 years of experience in developing cross-chain solutions.
  • Jordan, a finance specialist focused on DAO treasury management and decentralized fund allocation.
  • Sam, a community manager with a deep understanding of the ApeCoin and broader NFT community dynamics.

Each team member set to receive funds will sign a separate grant agreement and undergo KYC verification before funds are released.

ABSTRACT:

This proposal seeks to establish an Omnichain Fund within the ApeCoin ecosystem to promote growth, innovation, and interoperability across multiple blockchains. The fund will finance projects that develop omnichain applications, services, and infrastructure benefiting ApeCoin users and holders, fostering a more integrated, accessible, and versatile blockchain ecosystem.

BENEFIT TO APECOIN ECOSYSTEM:

Implementing an Omnichain Fund will:

  • Enhance ApeCoin’s utility across multiple blockchains, increasing its adoption and value.
  • Support innovative projects that align with APE Community’s core missions, such as decentralization, inclusivity, and interoperability.
  • Attract new members and developers to the ApeCoin ecosystem, enriching the community with fresh ideas and initiatives.

KEY TERMS:

  • Omnichain: Referring to technologies or protocols that operate across multiple blockchains.
  • Interoperability: The ability of different blockchain networks to share information and value seamlessly.

PLATFORMS & TECHNOLOGIES:

The fund will leverage existing cross-chain technologies such as:

  • Cosmos SDK for building interconnected blockchain applications.
  • Polkadot for enabling scalable cross-chain transfers.
  • Chainlink for secure and reliable off-chain data feeds.
  • LayerZero and other omnichain protocols for seamless asset transfers.

STEPS TO IMPLEMENT & TIMELINE:

  1. Formation of the Omnichain Fund Committee: Select a diverse group of community members and experts to oversee the fund (Month 1).
  2. Open Call for Proposals: Announce and solicit project proposals from the community (Month 2).
  3. Proposal Evaluation & Selection: The committee reviews submissions and selects projects for funding (Month 3).
  4. Funding & Development Phase: Allocate funds to chosen projects and monitor development progress (Months 4-12).
  5. Review & Reporting: Evaluate completed projects and report back to the community on outcomes and learnings (Month 12 onwards).

OVERALL COST:

The proposed initial allocation for the Omnichain Fund is $2,000,000. This budget covers project funding, operational expenses, and contingency reserves. The allocation will be reviewed annually based on fund performance and community feedback.

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Hi @Xavierfreeway ,

The community feedback period for your proposal would be ending in less than 24 hours.

  • If you’re content with the feedback received, your next steps are to finalize your proposal using the AIP Draft Template.

  • A moderator will reach out to the author to finalize the AIP Draft. Upon receipt of the final Draft, we will review and provide instructions on the next steps.

  • Are you ready to proceed to the next phase or do you wish to extend community discussion for another 7 days?

We look forward to hearing from you.

-@Facilitators

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

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Hi @Xavierfreeway ,

Thank you for your ideas [and the ApeCoin DAO community for the insightful discussions].

A moderator will reach out to the author to finalize the AIP Draft using the appropriate template.

  • Once the AIP Draft is confirmed by the author and meets all DAO-approved guidelines, it will receive an AIP ID number and move forward for Draft Analysis Review.
  • @Xavierfreeway please see your messages for the next steps.

Follow this Topic as further updates will be posted here in the comments. In accordance with DAO-approved guidelines, if the author does not respond within 30 days, the proposal will be automatically transferred to the Withdrawn category, and the author can re-submit the idea.

-@Facilitators

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Hi ApeCoin DAO Community,

This Topic has been rejected based on the DAO-approved guidelines due to no response in the last 30 days. The Topic may be submitted again by any user and upon approval, will be open for 7 days for community discussions.

This Topic will move and remain in the Withdrawn AIPs category.

-@Facilitators

1 Like