Slash the ApeCoin Only Staking Pool

Thanks for sharing this idea @Gerry ! Learning a lot from our lively discussion :smiley:

For those who may be lacking some context on ApeCoin staking, I’m going to share a chart as well as some quotes & links to refer to (source: AIP-22):


In this chart, I believe the “Period 2” mentioned in this Proposal Idea refers to the rows in “Year 2” on the chart.

Period 2 running from December 12th of 2023 through December 11th 2024

The 66% or 10 Million ApeCoin mentioned refers to the portion of the Year 2 pool that is dedicated to ApeCoin only, as opposed to BAYC/MAYC/BAKC. Per AIP-22:

  • Staking Pool Allocations:
  • Initial Staking Period:
    * ApeCoin Staking Pool: 30,000,000 ApeCoin Tokens
    * BAYC Staking Pool: 47,105,000 ApeCoin Tokens
    * MAYC Staking Pool: 19,060,000 ApeCoin Tokens
    * BAKC Staking Pool: 3,835,000 ApeCoin Tokens
    Note: The combined Staking Pool Allocations for the Initial Staking Period adds up to 100,000,000 ApeCoin tokens, or 10% of total ApeCoin Supply.
  • The Staking Pool Allocations for Staking Periods following the Initial Staking Period will be determined by the market prices of the BAYC, MAYC, and BAKC NFTs. An average price during Q4 of the previous Staking Period will determine the ratio allocated to each of the Staking Pool types. The ApeCoin Staking Pool will remain constant at 30%.
    Note: The BAKC Staking pool can only be utilized if a BAKC NFT is being paired 1:1 with a BAYC or MAYC NFT.

Would love for anyone to pitch in with any other context that may be missing! Thanks all!

-Halina.eth :cherry_blossom: