ApeCoin

ABSTRACT

The expiration of the APE Foundation’s administrator contract for the second time in 2022 has magnified the need to develop internal capabilities and avoid reliance on any external resource that could result in a single point of failure in the DAO. This AIP represents progress over perfection – the only thing possible in this messy and amazing world of decentralized governance we love.

Compared to the costs of the previous version of this proposal – the above expenses represent a savings to the DAO of $372,812 over the 3-month period. It’s important to note that there will be other expenses related to WG0, but their allocation will be based fully on specific budget requests made by WG0 Stewards and subject to the approval of the Special Council.

OVERALL COST

The monthly cost for DAO Administrative Functions under this AIP are as below. All amounts are denominated in USD and payable in ApeCoin based on the previous 30-day average exchange rate. Any expenses beyond what are described below will not be allocated to Working Group Zero without approval of the Special Council:

Compared to the costs of the previous version of this proposal – the above expenses represent a savings to the DAO of $372,812 over the 3-month period. It’s important to note that there will be other expenses related to WG0, but their allocation will be based fully on specific requests made by WG0 Stewards and subject to the approval of the Special Council.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-196-bored-aip-bringing-order-and-reliability-via-ecosystem-decentralization/10160

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.