What Happens To All The $APE That Was Never Staked By Apes?

Can anyone tell me what happens to all the unlcaimed $APE?

For example, there are thousands of BAYC/MAYC that are listed, many of them bought and sold everyday, that are not staked.

What happens to the $APE that they could have claimed by staking but never did?

Is it just left in the DAO?

How will it be used or distributed?

It remains in the treasury.

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Is there a tally or estimation of how much has gone unclaimed?

00049

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Not nearly as helpful or detailed as most of your other replies. But I do respect your attempt to use a meme.

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Actually, I forgot to add the text portion of that to explain the meme. That would have been me pointing out that there’s no such data to be found AFAICT, and also, transparency and accountability data are hard to come by. And even when available, very few care much about them. To wit:

AIP-508: Update AIP Tracking Data
AIP-507: APE Foundation DAO Transparency Reports
AIP-506: Update treasury dashboard to reflect pre-allocated funds
AIP-497: Restore Elections Data Visibility


The phase after Admin Review
Ape Foundation Transparency Report - 2024 - Q1

The APY for a staker is proportional to how many are staking. So it’s not a matter of unclaimed ape. Instead, those who are staking make more because others are choosing not to. The total amounts distributed are set, so if only 1 person staked in a pool, they’d get 100% of the pre-set allocation.

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Wow, that’s crazy. I did not know that. I thought the amount was set, I did not realize there was a scale based on how many people are staking.

Do we have an idea of how many people are currently staking, or an average over a given period of time?

I quickly scanned the contract and didn’t see a fast way to request that read info, but (you might need to connect to a VPN to see this) this will give you aggregate numbers about how much $APE is staked in each pool. https://app.apestake.io/pools

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Thank you for this. I appreciate it.

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Good education going on in here peeps!

And love seeing the fam asking questions they need answered!!

This is community :muscle::muscle:

AC

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“Can anyone tell me what happens to all the unlcaimed $APE?”

The question made me think of the 150m $ape for claiming.

Wonder if a figure of unclaimed $ape to date is easily obtained/abstracted?

From what I can see there’s no end date to the claim - unclaimed $ape remaining in the contract “locked” forever?

Also, where would it even go if there was an end date in place?

Just curious tbh if anyone knows.

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I have been trying to source this info myself, but to no avail. But they promised us that blockchain was all about transparency. I’m shocked crypto degens lied about that too. lol

I have to admit that the thought of unclaimed $ape actually sitting in the contract is the funniest thing to me. Seriously.

It would just stay there because there’s no burn mechanic to the contract.

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It’s the common practice in the DeFi staking!