ApeCoin

PROPOSAL DESCRIPTION

This AIP proposes a modification to the ApeCoin DAO’s decision-making process by requiring a super majority vote for any proposal that involves spending or allocating more than USD two hundred fifty thousand dollars ($250,000) of DAO resources. A super majority, for the purposes of this AIP, is defined as at least 69% of the total number of tokens cast during voting in favor of the proposal without consideration of any abstained votes. In the case of proposals with funding requests designated in $APE (or any other non-USD denomination), a USD-value determination must be made during the review period prior to the voting phase, and to be clarified for the community under the Overall Cost section of the relevant proposals.

This passing of this proposal would constitute a material change to AIP-1 (notably Phase 7 of the AIP Process) and AIP-2.

BENEFIT TO APECOIN ECOSYSTEM

1. Enhanced Financial Stewardship: Ensures that large financial decisions have broader community support, reflecting a higher consensus and reducing risks.
2. Increased Community Engagement: Encourages a more active participation from the community, knowing their input is crucial for major financial decisions.
3. Risk Mitigation: Mitigates financial risk by ensuring substantial financial allocations are thoroughly vetted and widely supported within the community.
4. Transparency and Trust: Builds greater trust and transparency within the community, as significant financial decisions require clear and convincing support.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = $0.

The APE Foundation will be responsible for determining which AIPs qualify for the supermajority vote and communicating that to the ApeCoin DAO community, as well as properly setting this up for Snapshot.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-436-enhancing-financial-decision-making-with-super-majority-voting-of-69-for-allocations-over-us-250-000/23705

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.