Raise DAO membership to 10 ApeCoin

Withdrawn AIPs
22

I also propose this idea, which would be optional to have AIPs suggest they will match funds.

Three choices:

1.They could match by saying they will invest x and we will grant x
2.They will lock x APE and we will grant x APE. E.g. I want 10,000 APE but I will put 10,000 APE locked into a contract for x period of time. They would still get the 10k APE back in say 12 months with rewards.
3. Deposit to a Liquidity Pool (though risk reward and potential impermanent loss needs to be considered) for x period of time.

Thoughts?

3 Likes
23

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25

Hi ApeCoin DAO Community,

@Feld has requested to extend the community discussion period for this AIP idea. This topic will automatically close a further 7 days from now. We encourage the community to continue to engage in thoughtful discussions through constructive criticism, honest feedback, and helpful suggestions.

Follow this Topic as further updates will be posted here in the comments.

-@Facilitators

26

Hmmm, this is tricky.

I joined the DAO with 1 ApeCoin after the EthGlobal Scaling Ethereum event in March, still hold it.

I’ve kinda been on a 1 man 1 ApeCoin mission this year to be truthful, test the theory if that makes sense. I hope I have contributed enough to bring value in other ways be it ideas, different solutions and the like.

I have managed to complete various ThankApe tasks and quests which have gained me additional ApeCoin through the year, but have used them to fund IRL costs.

I think it would deter others like me to join and contribute but understand measures need to be put in place to prevent those pesky farmers :tractor: and dodgy characters just taking up valuable resources.

1 ApeCoin 1 Vote is the selling point of the DAO.

Food for thought:

A suggestion would be to work more around the trust levels so that you need to be at least level 2 or even 3 to do anything within the geek-o-system and perhaps add additional levels of trust.

Currently level 3 is obtainable but requires some effort so perhaps that is a better way to tackle the issues at hand.

A solution that could be cool is after obtaining a certain trust level you are then able to mint an ApeCoin NFT, using $APE or ETH and these can serve as proof of commitment to the cause.

By doing this we could generate revenue for the DAO as well and use them to token gate certain initiatives and creation of AIPs, joining in the ThankApe fun, etc.

I would proudly display my ApeCoin soulbound NFTs, Gitcoin did this a while back for completing different quizzes and it almost became a fun challenge to get the full collection.

After getting all levels and NFTs, maybe there can be a small reward or get a cool T-Shirt to wear IRL and show your love and support for the ApeCoin community and DAO.

Some Examples of my Gitcoin Tokens
Snip20231128_3
Snip20231128_4
Snip20231128_5

6 Likes
27

Lots of good ideas and thoughts. There is something to think about and take into work :+1:

1 Like
28

Honestly I don’t think 10 ape would cut it though, it should be a minimum of 50 ape. Why I say this is because the more you actually trust and have vision for a project the more you’d be willing to invest in it. IMO though

29

Leave the entry threshold as it is - 1 APE. I think there are more technological ways to deal with Sybil. Do not restrict access to users because of this, for many it will be a significant barrier

3 Likes
30

I think higher is better, but unfortunately you start to get into gate-keepy territory at that point.

10 just makes repetitive farming very hard.

3 Likes
31

I think that maybe 5 would be more reasonable, especially in case $APE goes up in price

32

I agree that sticking to the origins of the DAO narrative, 1 APE = 1 Vote is important. That’s been a core part of the messaging for a long time and could be a negative to change it this far in.

Combining that with either the sliding scale for funding as noted above, or some of these other good ideas here also seems to have benefits, all build from the foundation of the 1 APE 1 Vote starting point.

This is interesting…maybe the trust levels could be a filter for ‘proposing’ something to the community. So 1 APE to vote, but tust level N in order to do certain other types of posts.

Question: What’s was the bot/Sybil attack history for the DAO during 2021, 2022? What were the major occurrences to date from the past and how much (if any) damage did they cause?

One of the benefits of having a manual/human process for final funds release is that it prevents would be attackers from capitalizing on automated treasury movements. So really we’re only talking about protecting the Discourse, which makes me curious to hear what the attack history has been historically.

2 Likes
33

Thanks all for the lively discussions.

It seems that the overall impressions of the discussions thus far are:

A) We need to do something about sybil, all-up.
B) Probably raising the limit is a weak solution, and affects the 1 ApeCoin = you’re in, narrative, more than it helps the sybil problem.

One thing we do for BSec is require that a wallet have some other activity, other than just a Zsync bridge, a ThankApe claim, and a funding tx. Those who have partner NFTs in their wallet get priority on classes, and other benefits in our system. I wonder if we can implement something like that, where it makes sybil more expensive per wallet, but doesn’t actually dissuade or limit actual meaningful DAO participation.

6 Likes
34

What this quote suggests to me is that one becomes ‘qualified’ to talk about changing a process if they have about £12.5k spare.

Our processes are far from perfect and we need to encourage people to make these suggestions rn - not stifle them by implementing high monetary thresholds imo.

One could also argue that copying ENS DAO has not been that beneficial to “us” so far.

1 Like
35

Voted yes as agree we need to do something. I mentioned same issue with TA proposal - figures are not representative of the true facts - in relation to the numbers most likely consisting of many farming accounts.

Hope you can figure something out that helps across the board with these issues. :pray: Thanks.

1 Like
36

Hi @Feld,

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

37

Many were like you too, with 1APE for example, they delivered enormous value to the DAO, I think this issue of putting a very high number of $APE for proposals would inhibit many excellent proposals coming from excellent people.
You are an example of this, I always see you contributing a lot here at DAO in every way.

2 Likes
38

I make your words mine, excellent, as if it were a badge system !

2 Likes
39

Maybe the “problem” with this question is that there are also a lot of people who are literally new to web3, some people who came to me wanted to know how they got into DAO.
I taught what web3 is and the steps she needs to follow to start interacting with web3 and apecoinDAO.
How will she build credibility in her wallet without the minimum amount of time and interaction required?
I find the issue mentioned about the existence of a badge system much more interesting.
Thus, people who increase their level of interaction and contribution acquire badges and thus become legitimate and not sybil.

1 Like
40

Well spoken! That’s a whole lot of cash 10k ape? Nah bro

2 Likes
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