ApeCoin

ABSTRACT

The DAO’s operations rely on the Ape Foundation, which serves as a steward for ApeCoin by empowering the community to lead the DAO and helping to execute its vision. The terms of the Foundation’s relationship with the DAO were established on a six-month basis in AIP-1. That six-month period will conclude on September 30, and absent any alternative process for continuing the DAO’s operations, will bring with it the risk that the DAO falls into a vulnerable period during which it lacks actionable operational procedures. This AIP proposes a three-month extension of the terms laid out in AIP-1 to (1) provide time for the development of a proper and thorough Ape Foundation election framework and process; (2) allow the community to better understand and ultimately engage with whatever process emerges; and (3) enable the DAO to continue functioning coherently beyond September 30.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-113-extending-aip-1-the-dao-process/8236

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.