0x08c1…9F6f

PROPOSAL DESCRIPTION

ApeLance is set to transform the freelance landscape by offering a secure, transparent, and efficient platform powered by ApeChain. By ensuring instant payments, confidentiality, and a robust verification system, ApeLance provides a reliable and innovative solution for freelancers and clients worldwide.

Problem: All platforms use third-party payment systems. Traditional freelance platforms charge high fees (up to 40%) and delay payments, which can be a big problem for freelancers. If these payment systems are not available in a particular country, freelancers can face difficulties, including the risk of not receiving their payments. Even when these systems do work, they often charge very high fees. In Asian regions, many freelancers do gig work on the side, and their earnings are typically low. For example, if I complete a $50 job and have to pay a $10 fee, it feels unfair to me.

The Solution: ApeLance Payments in ApeCoin are instant and transparent, significantly reducing the risk of non-payment or delayed payment. Smart contracts hold funds in escrow and release them upon the completion of predefined milestones, ensuring that both parties fulfill their obligations.Payment delays can disrupt the cash flow for freelancers.

Bidding System

Sometimes, employers may not know how to manage their projects or who to hire. In such cases, they can simply post their project on Apelance. People who have the skills and knowledge to complete the job can then submit their own bids, including the price and the time needed to finish the work. This is a unique feature not found on any other freelance platform. Additionally, by setting a budget, clients can quickly find the right person for the job from a wide range of options.

Most lowes fee platform of this industry! and more…

0.5% marketplace fee will be charged if paying and receiving payments using ApeCoin. 1% fee will be charged if payment is made in other coins.

• New User Acquisition: By targeting freelancers and clients globally, ApeLance will attract new users to the ApeCoin ecosystem, including those who have not previously engaged with crypto. ApeLance will encourage active participation from the ApeCoin community, including developers, designers, marketers, and other freelancers, fostering a vibrant and collaborative environment. The platform will help businesses find skilled freelancers quickly and efficiently, driving economic activity within the ApeCoin ecosystem.

• NFT Verification: The NFT verification feature will incentivize NFT holders to use and hold ApeCoin, increasing engagement within the ApeCoin ecosystem.

• Long-Term Viability: The decentralized and transparent nature of ApeLance ensures its sustainability without reliance on a central authority, aligning with the principles of decentralization and self-sovereignty central to the ApeCoin community.

The 0.1% of the market we are targeting amounts to $500 million, representing the total sales between employers and employees. We will generate revenue by taking a commission from these transactions.

Challenges in Asia The reason for focusing on Asian countries is that they are often ranked low in the freelance market because of payment issues. As I mentioned earlier, the payment systems either don’t work, or banks don’t support them. The few systems that do work charge high fees. Even though we all live on the same planet, the opportunities are different. Just think about it—there isn’t even a single McDonald’s or Starbucks in our country. That’s why I want to solve at least one problem that Asians face.

Our goal is to create a blockchain-based P2P freelance platform to capture 0.1% of this rapidly growing market. Unpredictable events such as the COVID-19 pandemic and subsequent isolation have demonstrated that people’s lives are not fixed. The next generation dreams of working on diverse projects from anywhere in the world rather than settling in one place.

BENEFIT TO APECOIN ECOSYSTEM

We plan to spend 20% of commissions rewarding our most active users and 10% to support initiatives of ApeCoin DAO. Our goal for the next five years is to attract 0.1% of the market, which is estimated $2.5 million. The 20% of commissions allocated for rewarding our most active users will be distributed based on a point system. Points will be awarded for activities such as completing projects, receiving high ratings, and contributing to community discussions. These points can be redeemed for ApeCoin or used to access premium features. The 10% allocated to support ApeCoin DAO initiatives will be used to fund projects and events that align with the DAO’s goals, such as educational programs, community meetups, and development grants. Detailed criteria and application processes for these funds will be developed in collaboration with the DAO. Additionally, users will receive a Job NFT Badge, and job ads and information for NFT-certified users within the Yuga Labs ecosystem will appear at the top of listings. Similarly, Mocaverse NFTs will also rank high.

Regarding the use of ApeCoin trademarks, we do not expect to maintain full ownership rights to the content or IP created as a result of the approval of our proposal. We anticipate that any content produced will be owned by the ApeCoin DAO, aligning with the principles of decentralization and community ownership.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = $147,000

Two tranches of funding have been requested: Upon approval, the initial phase would require $67,000 to cover platform development and launch expenses. The second tranche, at the start of Milestone 3, would require $80,000 for marketing, monitoring, maintenance, and other miscellaneous costs.

Technical Development:

1. Smart Contract Development: $3,000 Developing the smart contracts that will power the decentralized freelance marketplace, ensuring security and functionality.
2. Integration with ApeChain: $4,000 Integrating the platform with the ApeChain blockchain, including wallet integration and transaction processing.
3. Security Audits: $20,000 Conducting comprehensive security audits to identify and fix vulnerabilities in the smart contracts and platform.
4. Blockchain Node Setup and Maintenance: $10,000 Setting up and maintaining the necessary blockchain nodes to support the platform’s operations.

User Interface Design: 5. UX/UI Design: $5,000 Designing the user interface for the platform, focusing on user experience and ease of use. 6. Front-End Development: $10,000 Developing the front-end of the platform, including responsive design for different devices. 7. Testing and Iteration: $5,000 Conducting user testing and iterating on the design based on feedback to ensure a seamless user experience.

Deployment and Launch: 8. Deployment Costs: $10,000 Deploying the platform on the ApeChain mainnet, including final testing and optimization. 9. Launch Marketing: $50,000 Marketing activities to promote the platform launch, including social media campaigns, influencer partnerships, and press releases.

Monitoring and Maintenance (1 year): 10. Ongoing Maintenance: $10,000 Continuous monitoring and maintenance of the platform to ensure stability, performance, and security. This includes server costs, bug fixes, and updates. Miscellaneous Expenses: 11. Contingency Fund: $20,000 Allocated for unforeseen expenses and to cover any additional costs that may arise during the project.

PROPOSAL

Link to the full proposal: (https://forum.apecoin.com/t/aip-524-apelance-on-apechain-web-3-0-bridge-resubmission/26042)

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.

ABSTRACT

ApeCoin is a promising concept with significant potential, but for ApeCoin to truly flourish, its utility needs to expand. Increasing ApeCoin adoption as a payment option for brands is essential for enhancing its utility. Brands that integrate ApeCoin as a payment option should be rewarded, and those that haven’t yet should be encouraged to do so. This proposal not only rewards current brands accepting ApeCoin but also motivates other brands to follow suit. Currently, over 400 Made By Apes (MBA) brands exist, but not many accept ApeCoin—this needs to change.

With a proven track record of crafting high-quality content and showcasing the work of builders within the space, our objective is to leverage our skills to elevate all brands operating within Web3.

To achieve this, we will categorize our approach into several key areas:

• Editing & Production
• Time Compensation
• Product Acquisition

Our mission begins with establishing a content calendar that spotlights individual brands that accept ApeCoin, with a priority for Made By Apes brands. This involves setting transparent guidelines, managing brand expectations, fostering meaningful partnerships, and generating content for the ApeCoin ecosystem.

The Unboxing Web3 team has already featured numerous brands within the ApeCoin ecosystem. This is achieved by collaborating with brands that accept ApeCoin as currency, showcasing the physical products they offer as digital-native brands.

The desired outcomes include:

• Creating content for brands that may lack resources.
• Producing high-quality content for increased exposure.
• Developing a transparent content calendar with deadlines for deliverables.
• Producing a series of videos that spotlight builders that are utilizing ApeCoin as an option to purchase.
• Apecoin logo in all videos produced for this series, to represent sponsorship “powered by Apecoin”
• Supporting builders within the Apecoin ecosystem by purchasing and showcasing their products.
• Giveaways of selected brands to increase exposure.

We propose to continue creating Unboxing videos for as many brands that accept ApeCoin as possible, without cost to the brands themselves. Each Unboxing episode will educate viewers on the project and its products, providing guidance on how to follow and purchase these products, with an emphasis on using ApeCoin as the chosen currency.

BENEFIT TO APECOIN ECOSYSTEM

The ApeCoin focused Unboxing Web3 series aligns with the ApeCoin DAO’s mission to foster community-led projects that inject culture into the metaverse. This series will bring exposure to brands that accept ApeCoin and ApeCoin-funded projects by narrating the stories of these brands, and showcasing their products or services.

By highlighting successful Apecoin accepting projects, this initiative will:

• Amplify the marketing efforts of these brands, raising awareness within the community and beyond about products and services that accept ApeCoin as payment.
• Drive adoption of all brands utilizing IP from brands accepting of apecoin by presenting real-world examples of its successful integration into business. i.e. Animoca Brands, Yuga Labs, etc.
• Generate revenue for brands through increased sales resulting from video content showcasing purchasing instructions and in-depth product/service reviews.
• Offer valuable exposure for featured projects and the individuals behind them, promoting their ventures and attracting new customers or potential investors.
• Attract new members to projects using their IP by showcasing diverse creative opportunities for IP use cases.
• Enhance internal and external communication with these brands and increase community engagement with them.

OVERALL COST

The total amount requested from the ApeCoin Ecosystem Fund = $97,400 USD.

This budget proposal requests an allocation of $Ape Tokens equivalent to $97,400 USD to cover Unboxing Web3’s operational needs, specifically for the production and marketing of the 78 videos over 12 months as detailed in this proposal.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-440-enhancing-exposure-of-brands-that-accept-apecoin-as-payment-unboxing-web3-partnership-proposal/23816

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.

ABSTRACT

This proposal requests funding to support the long-term sustainability and growth of ApeChain through the creation of the “Banana Program”, with two complementary initiatives:

• a Commercial Agreements Initiative; and
• a User Incentives Initiative

The Commercial Agreements Initiative is tasked with negotiating commercial agreements with projects, companies and protocols committed to building on ApeChain. These commercial agreements will cover a wide array of structures and incentive models, including the possibility of revenue shares, collaborations, and other ownership arrangements. However, a key commonality will be that the terms of the commercial agreements will provide value to the ApeCoin DAO.

The commercial agreements may also incentivize builders to use community and stakeholder intellectual property in games, activations and/or protocols utilizing ApeChain, and to integrate ApeCoin into game and protocol economics on ApeChain.

Any proceeds generated from the commercial agreements will be redirected back into the overall budget for the programs so that this will become a reusable source of funding for supporting and growing ApeChain. Proceeds may come in various forms, such as tokens, revenue share (fiat or crypto), stock, or assets. Given that each of these will need to be dealt with on a case-by-case basis (e.g. what wallet would crypto revenue share be transferred to), the Special Council will determine for each Commercial Agreement how the proceeds will be returned to the Banana Program for continued use during the two year term, or returned to the ApeCoin DAO.

Similarly, the User Incentives Initiative (as detailed further below) will distribute user incentives with the goal of proportionally growing the network, and may be used as a part of the overall package when negotiating the core economic terms of the commercial agreements.

The Advisory Committee will oversee both programs, including providing endorsements for commercial agreements that will be subject to Special Council veto-authority. The Advisory Committee will be initially composed of the members noted above, and will be supported in day-to-day operations by a Program Facilitator and Strategic Accounts Manager.

This proposal will create a vibrant and attractive environment for game publishers and developers, DeFi protocols, and others seeking to build on ApeChain. The commercial agreements will aim to create a steady stream of future revenue and value, empowering the ApeCoin DAO to continue funding growth many years into the future.

This proposal will Bolster ApeChain Network Activity through New Allocations (BANANA). This is the BANANA Bill: Apes Gotta Eat.

BENEFIT TO APECOIN ECOSYSTEM

We anticipate that the ApeCoin DAO will receive ongoing revenue from capturing around 77.5% of the fees generated from user activity on ApeChain. As such, ensuring the chain’s success should be a top priority of the DAO.

Additionally, the chain’s growth will offer other valuable opportunities for the DAO, including but not limited to airdrop negotiations, bridge liquidity with associated fee capture, and increased utility for $APE.

(1) User Incentives Initiative for ApeChain

The User Incentives Initiative will provide a pool of rewards for users of ApeChain. This initiative will focus on growing the ApeChain ecosystem by educating and encouraging users to try out different dApps, with the goal of a larger proportion of rewards being allocated to dApps that most strongly contribute to the sustainable growth of ApeChain. This initiative will also focus on indirectly growing the ApeChain ecosystem by incentivizing the creation of dApps, community intellectual property, and other content on ApeChain.

The initiative will be overseen by the Advisory Committee with support from the Program Facilitator and Strategic Accounts Manager. The responsibilities of the Advisory Committee include:

• Negotiating the size and methods of distribution of incentives through dApps.
• Creating and managing user incentive analytics, such as growth and adoption metrics, to measure the benefits of the incentives
• Identifying industry leading incentive distribution methods and implementing them on ApeChain.

(2) The Commercial Agreements Initiative for ApeChain

The Commercial Agreements Initiative will facilitate the seamless creation of bespoke commercial agreements with companies and individuals that want to utilize ApeChain. The Advisory Committee may also leverage the User Incentives Initiative to optimize the terms of the commercial agreements. This initiative will be overseen by the Advisory Committee, with day-to-day support from the Program Facilitator and Strategic Accounts Manager. The responsibilities of the Advisory Committee in overseeing the Commercial Agreements Program include:

• Reviewing Proposals: reviewing proposals for commercial agreements submitted by applicants, including the potential for value accrual for the ApeCoin DAO.
• Assessing Alignment with Ecosystem Growth Strategy: Beyond purely economic analysis, evaluating whether the proposed commercial agreements align with the mission, strategy, and values of ApeChain and the ApeCoin DAO. They may only endorse partnerships or collaborations that benefit the ApeCoin DAO and advance its objectives.
• Financial Analysis: analyzing the financial aspects of proposed commercial agreements, including:
  • Potential for value accrual
  • Costs
  • Profitability
  • Sustainability
• Risk Assessment: Conducting risk assessments of each proposed commercial agreement. This involves evaluating potential risks and benefits, assessing financial implications, legal considerations, reputational risks, and any other factors that may impact ApeChain.
• Due Diligence: Performing due diligence on potential partners or collaborators to ensure their credibility, reliability, and suitability for the proposed commercial agreement. This may include background checks, financial analysis, and assessment of past performance.
• Legal Review: In collaboration with legal counsel, reviewing proposed commercial agreements under applicable laws, regulations, and policies.
• Decision Making: Based on their evaluations and assessments, recommending which commercial agreements to enter, which are subject to veto by the Special Council of the APE Foundation.
• Monitoring and Oversight: Once commercial agreements are approved and implemented, providing ongoing monitoring and oversight to monitor compliance with agreed-upon terms and objectives. The Advisory Committee may periodically review performance metrics, financial reports, and other relevant information to assess the effectiveness and impact of the agreements.
• Reporting: The Advisory Committee charter will be made public, and each quarter there will be a transparency report disclosing the total amount allocated that quarter, and outlining which commercial agreements have been made (but not the specific terms of each agreement), subject to any duties of confidentiality negotiated with the counterparty in the commercial contract.

OVERALL COST

Total: 100 Million ApeCoin with target allocations to the following initiatives:

User Incentives Initiative: 23 Million APE in total
Commercial Agreements Initiative: 73 Million APE in total
Administrative Budget: 2 Million APE per year, to be paid Quarterly

• Advisory Committee: up to 1,250,000 APE
• Program Facilitator (including all team members): up to 300,000 APE
• Strategic Accounts Manager (including all team members): up to 450,000 APE

The Program Facilitator and Strategic Accounts Manager will rely on additional team members and resources at their respective companies to perform all of their responsibilities as needed, staying within the Administrative Budget allocated above, with any changes subject to Special Council approval.

The administrative budget is also meant to cover any incidental costs related to the management of the program, including compensation for the Regional Community Advisors. The administrative budget is currently estimated at 2% of the total budget annually and should not exceed 3%. Note that this administrative budget is an estimate, and may be higher or lower depending on the number of Advisory Committee members.

The compensation paid to each eligible Advisory Committee member will be based on their experience and skillset. However, in all cases, the total amount paid to any individual Advisory Committee member will not exceed 250,000 APE per-year, and all compensation will be subject to a 50% one-year lockup.

Specifically Approved Limitations:

• Yuga Labs may not receive any funds from the Banana Program, whether under the Commercial Agreements Initiative or the User Incentives Initiative
• Any person that is a Yuga Labs or Animoca employee, or any project or business owned by such person, may not receive compensation as a member of the Advisory Committee, as a Program Facilitator, or as a Strategic Accounts Manager.
• Any person, or any project or business owned by such person, who is a member of the Special Council, Advisory Committee, a Program Facilitator, or a Strategic Accounts Manager may not receive any funding under the Commercial Agreements Initiative or the User Incentives Initiative, unless such potential conflict is disclosed to the Advisory Committee and such person recuses him or herself from any decision making.
Any Advisory Committee member already receiving compensation from the APE Foundation may not receive the compensation listed here. For example, any Special Council member on the Advisory Committee will not receive the compensation otherwise intended for an Advisory Committee member.

Specifically Approved Terms:

• 100,000,000 APE to be used for the Banana Program, provided:
  • Up to 65,000,000 APE may be allocated under the Commercial Agreements Initiative in Year 1
  • Up to 23,000,000 APE may be allocated under the User Incentives Initiative in total, and no more than 73,000,000 APE may be allocated under the Commercial Agreements Initiative in total, unless the Special Council approves such adjustment
• Two year term for the Banana Program, such that any APE not allocated under the Commercial Agreements Initiative or the Users Incentives Initiative by the end of the term will be returned to the ApeCoin DAO treasury
• Approval to spend no more than 3,000,000 APE per year on administrative expenses, including but not limited to, payments to Advisory Committee members, any Program Facilitator, any Strategic Accounts Manager, or any other consultant or advisor providing services to support the Banana Program, legal and business costs and expenses, and other similar costs or expenses.
• The Advisory Committee to oversee the Banana Program based on its Charter (see below) and for the Special Council to oversee the Banana Program and Advisory Committee based on the Banana Program Rules (see below)
• The people identified above (acting in their individual capacity) will initially make up the Advisory Committee, the Program Facilitator, and the Strategic Accounts Managers, as identified above.
• The Special Council may appoint up to two more Advisory Committee members in accordance with the Banana Program Rules (see below) so that the total number of Advisory Committee members will not exceed 7.
• All funds allocated under the Banana Program must be affirmatively endorsed by a majority of the Advisory Committee (e.g. 3 of 5, 4 of 6 or 4 of 7) and must not be vetoed by the Special Council.

Specific Requirements of Approval:

• Within 30 days of the Banana Bill passing:
  • The Advisory Committee will submit for the Special Council’s approval its “Charter”, which outlines its decision-making process and standards, which will at a minimum require that a majority of the Advisory Committee approve making an endorsement under the User Incentive Initiative or Commercial Agreement Initiative
  • The Special Council will publish the Banana Program Rules for (i) adding or replacing members of the Advisory Committee, (ii) vetoing an Advisory Committee recommendation, with the intent to veto only in limited, objective circumstances, and (iii) replacing the Strategic Accounts Manager or Program Facilitator, which will only be initiated upon the recommendation of the Advisory Committee.
• Each quarter during the two year term, subject to confidentiality obligations, a transparency report will be published identifying at a minimum (i) the amount of APE allocated under the Commercial Agreements Initiative and User Incentives Initiative during the prior six months, and (ii) the number of commercial agreements entered into in the prior six months, along with the names of the counterparties.
• The APE Foundation, upon advice of legal counsel, may structure the execution of the Banana Program as advisable or necessary under applicable law.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-454-the-banana-bill-apes-gotta-eat/24367

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.

DESCRIPTION

The election process for the ApeCoin Governance Working Group Stewards was established across AIP-239, AIP-347, and AIP-412, which outline the process for an equal and fair opportunity to be elected as a Governance Working Group Steward. In this vote, the top 2 candidates will be elected as Stewards of the Governance Working Group. The term shall begin July 1, 2024, and will last for one (1) year.

OVERALL COST

Each Governance Working Group Steward shall receive compensation as stated in AIP-408, or $9,000.00 of ApeCoin equivalent each month for the length of the current Governance Working Group budget, which expires at the end of September 2024.

To request Working Group funds, Leads of each Working Group will submit Ecosystem Fund Allocation Proposals, as defined in AIP-1 Proposing the DAO (‘Ecosystem Fund Allocation Proposal’) in the form of a Working Group Budget Proposal within the final 15 days (inclusive) of the months of February and August each calendar year (each a ‘Funding Window’).

ELECTION CANDIDATES

Listed in alphabetical order:

• AllCityBAYC: https://forum.apecoin.com/t/allcitybayc-governance-wg-nomination-07-2024/23989/10
• CryptoKev: https://forum.apecoin.com/t/cryptokev-governance-wg-nomination-07-2024/23992
• Cryptosheep: https://forum.apecoin.com/t/cryptosheep-governance-wg-nomination-07-2024/23990/34
• DeSmart: https://forum.apecoin.com/t/desmart-governance-wg-nomination-07-2024/23991

LINK TO THE NOMINATION ANNOUNCEMENT: https://forum.apecoin.com/t/elections-announcement-governance-working-group-nomination/23547

PROPOSALS

Link to AIP-239: Working Group Guidelines & The Governance Working Group Charter: https://forum.apecoin.com/t/aip-239-working-group-guidelines-the-governance-working-group-charter/11462

Link to AIP-347: Enable DAO Wide Voting for Working Group Stewards https://forum.apecoin.com/t/aip-347-enable-dao-wide-voting-for-working-group-stewards/19259

Link to AIP-412: Streamingling Working Group Elections: Improved Second Round Voting Strategy https://forum.apecoin.com/t/aip-412-streamlining-working-group-elections-improved-second-round-voting-strategy/21502

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.

DESCRIPTION

The election process for the ApeCoin Web3 Development Working Group Stewards was established across AIP-239, AIP-347, and AIP-412, which outline the process for community members to apply for Steward of the Web3 Development Working Group. In this vote, the top 2 candidates will be elected as Stewards of the Web3 Development Working Group. The term shall begin July 1, 2024, and will last for one (1) year.

OVERALL COST

To request Working Group funds, Leads of each Working Group will submit Ecosystem Fund Allocation Proposals, as defined in AIP-1 Proposing the DAO (‘Ecosystem Fund Allocation Proposal’) in the form of a Working Group Budget Proposal within the final 15 days (inclusive) of the months of February and August each calendar year (each a ‘Funding Window’).

ELECTION CANDIDATES

Listed in alphabetical order:

• 0xboreddev: https://forum.apecoin.com/t/0xboreddev-web3-development-wg-nomination-07-2024/24007
• 0xWebMoss: https://forum.apecoin.com/t/0xwebmoss-web3-development-wg-nomination-07-2024/24005
• Grainz0x: https://forum.apecoin.com/t/grains0x-web3-development-wg-nomination-07-2024/24008
• johnny: https://forum.apecoin.com/t/johnny-web3-development-wg-nomination-07-2024/24009
• romantik: https://forum.apecoin.com/t/romantik-web3-development-wg-nomination-07-2024/24010

LINK TO THE NOMINATION ANNOUNCEMENT: https://forum.apecoin.com/t/elections-announcement-web3-development-working-group-nomination/23544

PROPOSALS

Link to AIP-376: Web3 Development Working Group Charter: https://forum.apecoin.com/t/aip-376-working-group-charter-web3-development/20197

Link to AIP-347: Enable DAO Wide Voting for Working Group Stewards https://forum.apecoin.com/t/aip-347-enable-dao-wide-voting-for-working-group-stewards/19259

Link to AIP-412: Streamingling Working Group Elections: Improved Second Round Voting Strategy https://forum.apecoin.com/t/aip-412-streamlining-working-group-elections-improved-second-round-voting-strategy/21502

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.

DESCRIPTION

The election process for the ApeCoin Marketing and Communications Working Group Stewards was established across AIP-239, AIP-347, and AIP-412, which outline the process for community members to apply for Steward of the Marketing and Communications Working Group. These 5 candidates were selected from the conclusion of the nomination process. In this vote, the top candidate (1) will be elected as Steward of the Marketing and Communications Working Group. The term shall begin July 1, 2024, and will last for one (1) year.

OVERALL COST

To request Working Group funds, Leads of each Working Group will submit Ecosystem Fund Allocation Proposals, as defined in AIP-1 Proposing the DAO (‘Ecosystem Fund Allocation Proposal’) in the form of a Working Group Budget Proposal within the final 15 days (inclusive) of the months of February and August each calendar year (each a ‘Funding Window’).

ELECTION CANDIDATES

Listed in alphabetical order:

• Brazy: https://forum.apecoin.com/t/brazy-marketing-communications-wg-nomination-07-2024/23994
• Hiisver: https://forum.apecoin.com/t/hiisver-marketing-communications-wg-nomination-07-2024/23996
• shotgun.tobi: https://forum.apecoin.com/t/shotgun-tobi-marketing-communications-wg-nomination-07-2024/23999
• Temuulen: https://forum.apecoin.com/t/temuulen-marketing-communications-wg-nomination-07-2024/23997
• Yumi: https://forum.apecoin.com/t/yumi-marketing-communications-wg-nomination-07-2024/23995

LINK TO THE NOMINATION ANNOUNCEMENT:

https://forum.apecoin.com/t/elections-announcement-marketing-communications-working-group-nomination/23546

PROPOSALS

Link to AIP-246: Marketing & Communications Working Group Charter: https://forum.apecoin.com/t/aip-246-working-group-charter-marketing-communications/11837

Link to AIP-347: Enable DAO Wide Voting for Working Group Stewards https://forum.apecoin.com/t/aip-347-enable-dao-wide-voting-for-working-group-stewards/19259

Link to AIP-412: Streamingling Working Group Elections: Improved Second Round Voting Strategy https://forum.apecoin.com/t/aip-412-streamlining-working-group-elections-improved-second-round-voting-strategy/21502

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.

DESCRIPTION

The election process for the ApeCoin DAO was established in AIP-138, which outlines the process for an equal and fair opportunity to be elected to the Special Council. These 5 candidates were selected from the conclusion of the nomination process. In this vote, the top 2 will be elected to the Special Council. The term shall begin July 1, 2024, and will last for one (1) year.

OVERALL COST

Each Special Council member shall receive compensation as stated in AIP-350, or $125,000 USD for the term.

ELECTION CANDIDATES

Listed in alphabetical order:

• AaronHaber: https://forum.apecoin.com/t/aaronhaber-special-council-nomination-07-2024/23979
• JasonJape: https://forum.apecoin.com/t/jasonjape-special-council-nomination-07-2024/23981
• LeilaS: https://forum.apecoin.com/t/leilas-special-council-nomination-07-2024/23982
• mo_ezz14: https: //forum.apecoin.com/t/mo-ezz14-special-council-nomination-07-2024/23984
• Waabam: https://forum.apecoin.com/t/waabam-special-council-nomination-07-2024/23988

LINK TO THE NOMINATION ANNOUNCEMENT:

https://forum.apecoin.com/t/election-announcement-special-council-nominations/23543

PROPOSALS

Link to AIP-426: Special Council Future Election Requirement and Role Clarification: https://forum.apecoin.com/t/aip-426-special-council-future-election-requirement-and-role-clarification/23463

Link to AIP-350: Shaping Success: Building a Stronger Future with new Special Council Pay: https://forum.apecoin.com/t/aip-350-shaping-success-building-a-stronger-future-with-new-special-council-pay/19265

Link to AIP-138: The Special Council Election Process: https://forum.apecoin.com/t/aip-138-the-special-council-election-process/8850

Link to AIP-1: Proposing the DAO Process: https://forum.apecoin.com/t/aip-1-proposing-the-dao-process/39

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.

ABSTRACT

As a team of very passionate ApeCoin DAO & Yuga community members, we want to play our part in the success of ApeChain. And we will not only support it, but even amplify it.

Introducing Blever, a cutting-edge web3 platform combining NFTs with social farming & incentivized content creation. The platform empowers teams to effortlessly bring their creations to life while enjoying unparalleled hype & attention. By leveraging social login and seamless FIAT payments, Blever provides easy access to ApeChain not only for experienced users but also for casual players and retail.

In addition to gaming, you also need fun, culture, memes, and PFPs to make ApeChain appealing and popular. Blever is designed to do just that.
We see ourselves as an extended community-driven business development arm. We search for projects, support their launch, and bring them tremendous reach and engagement through social farming. Everyone wins!

With $APE being the native gas token of ApeChain we believe that bringing users/traffic/projects to the chain is probably the single most important thing the DAO can focus on in the near future.

Driving demand for ApeChain = Driving demand for $APE

Easy access to ApeChain → more users on ApeChain → more demand for $APE
Incentives on ApeChain → more users on ApeChain → more demand for $APE
More use cases on ApeChain → more use cases for $APE
ApeChain hype → $APE hype

This is our biggest opportunity and we want to do everything we can with Blever to make the most of it.

Having already invested more than 2 months of our time and resources, we are now looking for funding from the DAO to help us achieve our goal. Let’s make ApeChain a success together

BENEFIT TO APECOIN ECOSYSTEM

ApeChain needs builders, users, fun & culture.

We aim to become an ApeChain launch partner.

Consider us to be an external business development arm for ApeChain.
Via our platform, we will onboard creators, users, culture & fun to ApeChain.
We have already started with outreach to various brands and projects + we have existing/confirmed partnerships as well.

Maximizing reach & engagement for projects that launch on ApeChain: easy access to social farming & incentivized content creation will ensure that they get the hype and attention they deserve.

Easy ApeChain onboarding with Social Login & FIAT payments

• Social Login will allow casual gamers & retail to sign up by using their traditional login methods (such as Google, X, Meta, etc.) - no wallet needed.
• FIAT payments will allow them to pay by Credit Card or other common payment methods.
• No gas fees - we will cover them on their behalf.

This combination will enable the simplest, fastest, and smoothest onboarding process for new users! No wallet, no crypto needed - a seamless web2.5 experience for everyone ; )

Powered by Ape(Chain) branding - permanently placed in our footer for 1 year.

Joint marketing efforts via our points system: we already had initial conversations with ApeCoin DAO members. Imagine $APE & ApeChain all over your timeline ; )

Stackable multiplier for Apes and other partner collections like (Kodas, Mocaverse, and more) in all social farming campaigns. Making sure that our fam & frens have a headstart. $APE payments - all mints on ApeChain will have ApeCoin as their default currency, creating additional demand and utility.

OVERALL COST

“Total amount requested from the ApeCoin Ecosystem Fund = 185,000 $APE”

Cost Breakdown: Platform Design & Development: $115,000

• UX/UI Design: $15,000
• Front-end: $30,000
• Back-end: $35,000
• Smart Contract: $10,000
• Social Farming Dashboard: $25,000

Marketing & Business Development & Operations: $85,000

• Marketing & Community: $40,000
• Biz Dev & Partnerships: $25,000
• Operations & Miscellaneous: $20,000

Legal: $27,500

• Legal policies: $20,000
• Consultation Compliance & AML: $7,500

Note: Our team has borne all costs incurred to date - amounting to a total of approx. $40,000. This includes expenses for the company setup, hundreds of hours of work, third-party subscriptions, prototype designs, domain, logo, legal matters, and more.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-437-a-powerup-for-apechain-blever-where-nfts-social-farming-meet/23733

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.

ABSTRACT

This proposal aims to hire a Head of Network Development to help oversee matters within theAPE Foundation, supporting our community in achieving its strategic goals and ensuring operational excellence. The Head of Network Development will be responsible for supporting daily operations, facilitating strategic planning, coordinating community engagement, and representing the DAO in external affairs. Additionally, this role will be well-positioned to make recommendations for further improvements as needed. For clarity’s sake, this position does not equate to a chief executive officer or “leader”, but rather a critical support function for the APE Foundation and the DAO.

To optimize efficiency and create cost savings, this proposal also includes a proposed reduction in future Special Council members’ payments to offset the cost of this hire. The APE Foundation will be empowered to oversee the hiring process for this position, ensuring that all legal, tax, and other relevant considerations are thoroughly addressed and optimized. The Head of Network Development will serve at the pleasure of the Special Council, the DAO’s Advisory Board.

BENEFIT TO APECOIN ECOSYSTEM

As ApeCoin DAO continues to expand, the need for ongoing, dedicated, and professional support at the APE Foundation has become increasingly evident. A Head of Network Development will offer essential oversight, strategic facilitation, and operational management, ensuring the ApeCoin DAO fulfills its mission efficiently and effectively. This role is vital for maintaining momentum, building community trust, and ensuring the long-term sustainability of the DAO. Additionally, this position will allow our Special Council to focus on their responsibilities as the Advisory Board they are intended to be.

OVERALL COST

USD $120,000 per annum paid in $APE. However, we will reduce Special Council member payments to offset this cost. Effectively makes this proposal zero additional cost to the DAO up to USD $125,000 once the reduction of the Special Council members payments kicks in (January 1, 2025).

APE Foundation could use its discretionary authority to go over USD $125,000 per annum if a competitive salary for this role is deemed necessary.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-413-hire-a-head-of-network-development-at-the-ape-foundation/21580

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.

ABSTRACT

“ApeCoin Presents First Friday: Bridging Communities, Creativity, and Governance” encapsulates an unprecedented partnership that signifies more than ApeCoin becoming the presenting sponsor for First Friday events in Las Vegas. We have the opportunity to place ApeCoin at the heart of a cultural gathering that attracts 15,000-20,000 visitors on average, offering unparalleled exposure and the access to creative collaborations within a community rich in art and innovation. This is a six month deal that will run from July-December of 2024, the prime time for this event. We also will be given the opportunity to renew on a longer term basis after this initial six months is completed.

It heralds a holistic collaboration aimed at enhancing ApeCoin’s visibility and embedding it deeply within the local cultural and artistic milieu. This partnership is a strategic alliance, underscoring a commitment to support communities that resonate with creativity, innovation, and progressive governance. By integrating ApeCoin into these seminal community events, we’re not only expanding our reach but also aligning seamlessly with our core mission to foster an ecosystem where technology and creativity intersect harmoniously. “ApeCoin Presents First Friday” is set to celebrate the fusion of digital innovation with the arts, setting a precedent for the role of Web3 in cultural and community engagement.

BENEFIT TO APECOIN ECOSYSTEM

This partnership extends beyond mere sponsorship, bringing multifaceted benefits to the ApeCoin ecosystem, the city of Las Vegas, and its governance framework:

Amplified Brand Exposure and Community Engagement: As the presenting sponsor, ApeCoin secures prime visibility across all First Friday communications, including official banners prominently displayed throughout the event, mentions in press releases, and a dedicated section on the First Friday website with a hyperlink to ApeCoin’s platform. This comprehensive exposure ensures ApeCoin’s presence is palpable, reaching an expansive audience of artists, enthusiasts, and city dwellers.

Dedicated Space for ApeCoin and Web3 Exploration: Perhaps the most significant advantage of this partnership is the allocation of a large, dedicated area at each First Friday event. This space will serve as the epicenter for presenting ApeCoin and its array of AIP-approved projects. It’s an opportunity to engage the community directly, showcase the practical applications of ApeCoin, and provide a tangible experience of the possibilities within the Web3 ecosystem. This space also allows us to bring in a swath of presenters, who can use our space to showcase their own aligned initiatives, whether that be web3 driven projects or local initiatives.

Strengthened City and Government Relations: The partnership positions ApeCoin as a cultural and economic contributor to Las Vegas, fostering positive engagements with local government and policy makers. This proactive involvement aims to solidify Web3’s role in the city’s future, advocating for a regulatory environment that champions digital innovation.

Foundation for Additional Local Partnerships: Engaging with First Friday opens the door to numerous collaborations within the Las Vegas community, from cultural institutions to technology innovators. These partnerships will be instrumental in solidifying ApeCoin’s presence and influence in the local ecosystem, driving broader acceptance and integration of Web3 technologies.

Catalyst for Web3-Friendly City Development: Beyond immediate brand visibility, this initiative embodies ApeCoin’s commitment to embedding digital currencies within the social and economic fabric of Las Vegas. By demonstrating the value of ApeCoin through community-centric events, we pave the way for Las Vegas to emerge as a beacon for blockchain and digital currencies, inspiring other cities to explore similar collaborations.

Exclusive Benefits as Presenting Sponsor: The array of exclusive benefits, including creative control over the dedicated area, input on featured content and activities, and the ability to highlight ApeCoin’s contributions to the Web3 community, underscores the strategic value of this partnership. It provides a dynamic platform for engaging with a diverse audience, educating them on the benefits of digital currencies, and showcasing the tangible impacts of ApeCoin and its projects on the local community.

In sum, “ApeCoin Presents First Friday” is a landmark initiative that transcends traditional sponsorship. It’s a comprehensive strategy aimed at fostering long-term engagement with the Las Vegas community, promoting the adoption of Web3 technologies, and establishing ApeCoin as a pivotal force in the cultural, economic, and governance landscapes of Las Vegas. Through this partnership, we envision a future where ApeCoin is integral to the city’s vibrant cultural scene, supported by a governance framework that embraces the transformative potential of digital currencies.

Sponsorship Details
As the Presenting Sponsor for First Friday, ApeCoin commits to a dynamic and multifaceted involvement, both in terms of what we provide and facilitate. This sponsorship is tailored to leverage ApeCoin’s unique position within the Web3 ecosystem, offering a blend of technological innovation and community engagement at one of Las Vegas’s most anticipated monthly cultural events. Here’s a detailed breakdown of our contributions and facilitations:

Dedicated Exhibition Space: ApeCoin will have access to three 10x10 spaces within the event premises, and a prime location at Boulder Plaza of a 30x60 space reserved for interactive activations. This large dedicated area will serve as a hub for showcasing ApeCoin and its other AIP-approved projects, allowing for immersive experiences that include AI NFT digital art collectibles and educational activities powered by ApeCoin.

Creative Collaborations: The space will be utilized to foster creative collaborations, highlighting the intersection of art and technology. It will feature installations and exhibitions from artists within the ApeCoin community, including those focused on digital and NFT art, providing a platform for these artists to gain exposure and engage with a wider audience. We have already had a great interest in these collaborations, so this proposal would allow us to capitalize on these opportunities.

Brand Visibility: As part of the sponsorship agreement, ApeCoin will be prominently featured on official banners and other event marketing materials. This includes the ApeCoin logo on the monthly event poster, displayed across various platforms, ensuring significant brand visibility. Additionally, three banners provided by the sponsor will be strategically placed throughout the event to maximize exposure. These banners may include QR codes to direct attendees to more information about ApeCoin and its ecosystem.

Website Affiliation: ApeCoin will be featured on the First Friday website with a hyperlink, facilitating easy access for event-goers interested in learning more about ApeCoin, its values, and its projects. This online presence will be complemented by a dedicated social media post on one of First Friday’s platforms each month, further enhancing ApeCoin’s visibility.

Media and Press Engagement: The sponsorship ensures ApeCoin a mention in First Friday’s press releases each month, amplifying our reach beyond the physical event to the broader public and media outlets. The presence of ApeCoin in Las Vegas will be difficult to overlook.

Photos and Videos: Leverage high-tier local production companies to capture professional-grade photos and videos of ApeCoin’s presence and activities during First Friday events. This content will be utilized to further boost ApeCoin’s marketing and community engagement efforts across all digital platforms, showcasing the vibrant interaction between ApeCoin, artists, and attendees.

Marketing Materials to Give Away: Produce and distribute a range of high-quality, visually appealing marketing materials such as brochures, flyers, posters, and ApeCoin-themed merchandise. These items will not only serve as a tangible reminder of the ApeCoin experience at First Friday but also as educational tools to foster a deeper understanding and interest in ApeCoin and the broader Web3 ecosystem.

Educational Materials and Workshops: Develop and offer comprehensive educational materials, including an educational video and printed resources curated with insights from ApeCoin experts. Host workshops and interactive sessions during the First Friday events to educate attendees on ApeCoin, blockchain technology, and the importance of digital currencies in the arts and beyond. These initiatives are designed to demystify ApeCoin for newcomers and enrich the understanding of existing enthusiasts.

Ability to Host Events Year-Round: Beyond the monthly First Friday events, leverage the partnership to host additional events, showcases, and activations throughout 2024. These events will not only maintain the momentum and engagement generated during First Friday but also strengthen ApeCoin’s ongoing relationship with the local community, artists, and city officials. Through year-round events, ApeCoin will solidify its presence and influence within the Las Vegas arts and cultural scene.

By aligning with First Friday, ApeCoin establishes a significant presence within the Las Vegas art community and pioneers the integration of digital innovation into cultural events. This partnership, enriched by comprehensive educational initiatives, engaging marketing materials, and the ability to host year-round events, showcases ApeCoin’s commitment to promoting Web3 technologies, fostering community engagement, and enhancing its ecosystem through the arts.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = 225,000 APE

The budget for the “ApeCoin Presents First Friday” initiative is carefully crafted to ensure comprehensive coverage of all activities and engagements associated with the partnership, aiming for a high-quality execution. Below is a detailed breakdown of the estimated costs, reflecting the investment in making ApeCoin the presenting sponsor and enhancing its community engagement and visibility:

First Friday Presenting Sponsorship:
Cost: 60,000 APE
Six months presenting sponsorship fee for First Friday events, ensuring ApeCoin’s premium exposure and engagement in the vibrant Las Vegas arts community.

Events and Partnerships Manager:
Cost: 40,000 APE
Compensation for a dedicated manager to oversee and enhance the collaboration between ApeCoin and First Friday, including managing partnerships and event execution.

Additional Staffing for Events:
Cost: 18,000 APE
Additional personnel for event days, providing necessary support for setup, operations, and breakdown, ensuring each First Friday event runs seamlessly.

Marketing Material Funds:
Cost: 10,000 APE
Creation and dissemination of promotional and educational materials to effectively communicate ApeCoin’s value and mission at events.

First Friday Event Logistics:
Cost: 25,000 APE
Comprehensive logistical support including tents, stages, power supplies, sound systems, and more, to create an immersive and branded experience for event attendees.

Collaborations Fund:
Cost: 15,000 APE
Funds designated for initiating meaningful collaborations with artists, businesses, and educational initiatives within the Las Vegas community to deepen ApeCoin’s local engagement.

Digital Media Fund:
Cost: 30,000 APE
Significantly increased budget to support the production of high-quality digital content that showcases ApeCoin’s initiatives at First Friday, including videos, live streams, and interactive media for broader audience reach.

Social Media Fund:
Cost: 10,000 APE
Targeted social media campaigns to promote ApeCoin’s involvement in First Friday, driving awareness and engagement through platforms like Instagram, Twitter, and Facebook.

Event Technology Setup:
Cost: 5,000 APE
Setting up advanced digital displays and integrating ApeCoin payment technology to facilitate transactions at the events, showcasing the practical application of ApeCoin in real-world settings.

Miscellaneous and Contingency Costs:
Cost: 12,000 APE
A strategic reserve to cover unexpected expenses, ensuring the initiative can adapt to unforeseen challenges and capitalize on emergent opportunities throughout the year.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-432-apecoin-presents-first-friday-bridging-communities-creativity-and-governance/23364

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.

ABSTRACT

Ape Express aims to launch the ultimate toolkit for a thriving memecoin ecosystem on ApeChain, empowering users with the tools they need to create, customize and deploy tokens on ApeChain.

With Ape Express no technical skills are needed for safe, unruggable launches. Configure and deploy your token with multiple features in seconds.

Streamlined liquidity management: borrow, deploy, and lock liquidity effortlessly. Developers can deploy an LP using borrowed capital, and launch a coin with a starting market cap of $15K while spending only $300 out of pocket. Liquidity loans can be automatically repaid from token taxes, liquidity, or manual payment.

In one place users can create their brand identity, deploy tokens, manage liquidity, build and engage their community. (Think Pump.fun on ApeChain, but way better and less trash. For instance, on Pump.fun tokens start with 1K MC, and never have a chance to reach a DEX. With our system, every launch makes it to the DEX of choice and encourages a free open market on ApeChain.)

Token creators will have an option and be encouraged to airdrop portion of their supply to the holders of the blue chip collections of Yuga ecosystem. BAYC/MAYC/BAKC, CryptoPunks, Kodas, Moonbirds and Mocaverse holders.

This will bring benefit to the holders of these collections and, at the same time, give the upcoming projects an opportunity to reach the high quality user bases that are the lifeblood of these collections.

All of these processes are streamlined in the dapp so that anyone can do it with a few clicks of a button.

This project aims to expand the ApeCoin ecosystem, increase token velocity, TVL and offer new opportunities for the builders in the ApeChain ecosystem.

None of the funds requested in this proposal will be spent on development or team salary. This proposal aims to bootstrap platform liquidity and the Ape Express marketing budget.

BENEFIT TO APECOIN ECOSYSTEM

1. Ape Express will give 10% of all gross revenue from platform fees back to the Apecoin DAO’s treasury.
2. Onboarding memecoin degens from other chains and converting this liquidity into $APE.
3. Boosting APE liquidity pairs: Ape Express encourages users to pair their tokens with $APE by automatically converting ETH, USDT, and other assets used on the platform into $APE. By locking APE in LPs we contribute to the overall TVL of the ApeChain.
4. Amplifying on-chain activity: by facilitating fast and easy token creation and trading of memecoins, we drive overall transactions volume. Memecoin trading volume on Solana accounts for $1.2B daily, and over $120M in volume on Base chain. We drive transaction volume to the ApeChain native DEX.
5. Enhancing APE token velocity: gas fees, liquidity loans, and buybacks will all utilize $APE.
6. Backed by The Crypto is a Fun marketing engine. The apes you see above are some of the most prolific memecoin degens in web3. We have our fingers on the pulse of the space and can push our audience over to ApeChain. We run the #1 daily memecoin spaces on CT best believe we will promote ApeChain and Ape Express to the masses.
7. With our novel liquidity loan system we will attract aspiring devs because of the low barrier to entry. They don’t need initial liquidity - they just need a dream and that dog in em

LIST of FEATURES:

1. Token creation
2. Liquidity loans (initial LP)
3. Option to airdrop portion of supply to BAYC/MAYC or other Yuga NFTs.
4. Telegram trading bot - web-facing interface
5. Liquidity lockers
6. Airdrop multi sender
7. Stake APE to earn platform-generated revenue
8. Competitive leaderboard for hot pairs and contest
9. Degen Analytic bots
10. AI Website & brand builder

PLATFORMS & TECHNOLOGIES:

• Smart contracts for deploying tokens
• Smart contracts for lending liquidity & liquidity locker built-in
• Smart contracts and mechanisms for clawing back lent out liquidity

We have created our own set of contracts which interact with each other, giving as much fluidity and flexibility to the system as possible. Users simply pay for token minting, which is dependent on how many features they are including in the token. This acts as initial revenue for the product to safeguard minor expenses with regard to the deploying costs(the user’s token and other related contracts per product deployed), and liquidity rounding errors from the lending activities.

There are several ways for users to repay the loans:

• Direct payment: borrow 10,000 APE in liquidity, repay a direct 12,500 APE to receive ownership of LP tokens (albeit locked until the lock period is over)
• Tax Tokens: borrow 10,000 APE in liquidity, and passively repay 12,500 APE as taxes are generated from the trading activity of the token. All taxes are diverted to repaying the loan until completed. The creator will then receive ownership of the LP, and release it to their creator’s address when the lock period is over.
• Liquidity Threshold: borrow 10,000 APE in liquidity, and as the liquidity pool grows from net buying activity, a loan with interest is repaid via clawback. This means the user can select a 2x with a 25% interest to repay 12,500 APE when the liquidity pool contains at least 20,000 APE. This approach is generally regarded to be safest when a higher threshold is selected (as high as 5x is available). This process is an automated repayment method.

Another product is the liquidity locker. All created tokens are automatically opted into this feature with a minimum of 30 days, which begins when the loan is repaid in full. Tokens created outside the platform can also use this feature given they make a small payment in APE tokens. The lock period ranges from 30 days, 3 months, 6 months, and 1 year.

Finally, Ape Express will be equipped with a mass sender contract and UI. This is for any creator wanting to do an airdrop or presale distribution manually.

Ape Express’ GTM strategy will include a referral/discount coupon program, initially to be issued by team members. In addition, APE stakers (10k tokens staked and up) will be able to generate their own referral and discount codes customizable up to 20% referral/discount mix.

An incentive program will also be put into action if approved for a grant. The tokens with the most activity, measured by volume and holders, will be awarded APE tokens every week for the token’s creator/treasury. These metrics are reset every week to further incentivize only currently active projects or new projects to receive such rewards.

Although we cant stop people from creating NSFW tickers on a permissionless blockchain we will have measures on our backend to hide any racist, hateful or pornographic material from our leaderboards. We can control what is represented on our platform and we will carefully monitor this to make sure we are in line with Apecoin guidelines

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = 750,000 APE.

Use of funds Breakdown:

• 400K - Reserve for liquidity loans
• 350K - Marketing and onboarding activity incentives for Ape Express and ApeChain
  • Contests
  • Giveaways (SAF spaces, raffles)
  • Quests
  • Create educational tutorials
  • Video content creation
  • IRL marketing
  • Ads online (explorers, scanners, tg bots etc)
  • KOL activations
  • Gorilla marketing
  • PR

1. Contests

• Description: Organizing contests to engage users and increase participation on ApeChain
• Budget Allocation: 30,000 APE
• Timeline: Q2-Q4 2024
• Details:
  • Monthly contests with varying themes.
  • Prizes to include APE , merchandise, and nft prizes

2. Giveaways (SAF spaces, raffles)

• Description: Hosting giveaways and raffles to attract and retain users.
• Budget Allocation: 35,000 APE
• Timeline: daily and weekly throughout 2024
• Details:
  • Weekly raffles and special event giveaways.
  • SAF spaces to include exclusive content and benefits.

3. Quests

• Description: Creating quests that users can complete for rewards.
• Budget Allocation: 30,000 APE
• Timeline: Q3-Q4 2024
• Details:
  • Gamified experiences to encourage user engagement.
  • Rewards to include tokens and unique NFTs.

4. Create Educational Tutorials

• Description: Developing tutorials to educate users about ApeChain and Ape Express
• Budget Allocation: 20,000 APE
• Timeline: Q2-Q4 2024
• Details:
  • Video tutorials, blog posts, and step-by-step guides.
  • Focus on onboarding and ecosystem navigation.

5. Video Content Creation

• Description: Producing high-quality video content to promote ApeChain and Ape Express
• Budget Allocation: 25,000 APE
• Timeline: Q2-Q4 2024
• Details:
  • Promotional videos, user testimonials, and educational series.
  • Regular content updates and new releases.

6. IRL Marketing

• Description: Real-life marketing activities to build brand presence.
• Budget Allocation: 50,000 APE
• Timeline: Q2-Q4 2024
• Details:
  • Sponsoring events, setting up booths, and distributing flyers and merch encouraging builders to deploy on ApeChain
  • Collaborations with other projects with synergies and influencers.

7. Ads Online (explorers, scanners, tg bots, etc.)

• Description: Running online ads on various platforms.
• Budget Allocation: 60,000 APE
• Timeline: Q2-Q4 2024
• Details:
  • Targeted ads on explorers, scanners, Telegram bots, and other relevant platforms.
  • Performance tracking and optimization.

8. KOL Activations

• Description: Engaging Key Opinion Leaders to promote ApeChain.
• Budget Allocation: 55,000 APE
• Timeline: Q2-Q4 2024
• Details:
  • Collaborations with industry influencers.
  • Sponsored content and endorsements.

9. Gorilla Marketing

• Description: Creative and unconventional marketing strategies.
• Budget Allocation: 20,000 APE
• Timeline: Q3-Q4 2024
• Details:
  • Viral marketing stunts, Shillers, callers and growth hacking methods
  • Focus on creating buzz and awareness and fomo

10. PR

• Description: Public relations activities to enhance brand image.
• Budget Allocation: 25,000 APE
• Timeline: Q2-Q4 2024
• Details:
  • Press releases, media partnerships, and interviews.
  • Crisis management and reputation building.

Projected Timeline

• Q2 2024: Launch educational tutorials, contests, and KOL activations.
• Q3 2024: Roll out quests, IRL marketing, and gorilla marketing.
• Q4 2024: Continue all ongoing activities and evaluate overall impact.

This plan outlines a comprehensive approach to utilizing the 350,000 APE marketing budget effectively across various channels and activities, ensuring a steady growth and engagement within ApeChain ecosystem throughout the year.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-433-ape-express-next-gen-degen-tools-for-building-instantly-on-apechain/23615

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.

ABSTRACT

The nomination process for the ApeCoin DAO was established by AIP-137, which outlines a process for community members to apply for the Special Council. Applicants put themselves forward and nomination profiles were posted on Discourse for community discussion. Now it is time to vote for the 5 candidates who will move to the Special Council election vote that will take place Jun 13 - 19 2024

OVERALL COST

None

ELECTION NOMINEES

Alphabetical Order

• @AaronHaber - https://forum.apecoin.com/t/aaronhaber-special-council-nomination-07-2024/23979
• @ernestlee - https://forum.apecoin.com/t/ernestlee-special-council-nomination-07-2024/23980
• @JasonJape - https://forum.apecoin.com/t/jasonjape-special-council-nomination-07-2024/23981
• @LeilaS - https://forum.apecoin.com/t/leilas-special-council-nomination-07-2024/23982
• @mo_ezz14 - https://forum.apecoin.com/t/mo-ezz14-special-council-nomination-07-2024/23984
• @Moonlyght - https://forum.apecoin.com/t/moonlyght-special-council-nomination-07-2024/23983
• @pieter - https://forum.apecoin.com/t/pieter-special-council-nomination-07-2024/23985
• @TheFatherOfAllStorms - https://forum.apecoin.com/t/thefatherofallstorms-special-council-nomination-07-2024/23986
• @VonFrontin - https://forum.apecoin.com/t/vonfrontin-special-council-nomination-07-2024/23987
• @Waabam - https://forum.apecoin.com/t/waabam-special-council-nomination-07-2024/23988

PROPOSAL

Link to the Nomination Announcement: https://forum.apecoin.com/t/election-announcement-special-council-nominations/23543

Link to the Nomination Profiles: https://forum.apecoin.com/c/special-council-elections/30

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.

ABSTRACT

This no-cost proposal provides a solution for an element of second-round voting during ApeCoin DAO Working Group elections that currently restricts voters to selecting only one candidate when multiple seats for the same positions are being filled.

To fix this, we propose changing the Snapshot Strategy to weighted voting, which enables the option to distribute voting power among each of the candidates you wish to see elected.

It is important to note that we are already using this method of voting in the first-round of Working Group elections. Furthermore, under this format should you favour our existing second-round standard of single-choice voting, you can still concentrate all of your voting power on one candidate. We’re simply offering an alternative for those who wish to have a broader influence across all positions being filled.

Examples of other DAOs that utilize options to help voters to select more than one candidate when multiple seats are being filled include Arbitrum, ENS, and Optimism.

BENEFIT TO APECOIN ECOSYSTEM

1. Improved Voter Representation and Accuracy: Under our current second-round voting format, election results do not accurately represent the community’s preferences when filling multiple seats for the same role. Instead, they reflect the community’s favourite, accounting for only one seat.

2. Stronger leadership teams: By obtaining more accurate election results, our Working Groups will be formed more deliberately, empowering the community to have a greater say in selecting the best candidates for the job.

3. Enhanced governance integrity: Elections and voting mechanics are polarizing, intricate components of any governance-operated entity. Yet, by pursuing changes in logical, fair, and meaningful ways, the sentiment within the ApeCoin DAO community toward these processes will be strengthened.

4. Preserving choice while maintaining traditional voting preferences: By shifting to a flexible voting strategy, we can provide options to voters while still maintaining the ability to select only one candidate, ensuring that members who prefer that method can still participate according to their preferences.

5. Promoting inclusivity and increasing opportunities for candidates: Weighted voting in the final round of elections will enable voters to more easily endorse multiple candidates with diverse perspectives simultaneously. This system may also amplify opportunities for qualified candidates who typically need expansive networks to obtain meaningful positions within the ApeCoin DAO Working Group structure.

OVERALL COST

There is no cost to implement this proposal.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-412-streamlining-working-group-elections-improved-second-round-voting-strategy/21502

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.

ABSTRACT

This proposal seeks to extend the success of ApeCoin’s participation in WebX2024 by strategically leveraging our presence in the Asian blockchain market. Building upon the WebX sponsorship, we aim to enhance the visibility and adoption of ApeChain within the Asian blockchain communities through a comprehensive series of events, including IVS Crypto, Korea Blockchain Week, Token2049 Singapore, DAOTOKYO, ETHTOKYO, CoinFest Asia. These events will serve as pivotal platforms for showcasing ApeCoin’s innovations and fostering connections within the regional blockchain ecosystem.

BENEFIT TO APECOIN ECOSYSTEM

Participating in these events will not only amplify ApeChain’s exposure but also strengthen our ties within the Asian blockchain communities. By strategically aligning with WebX’s vision and expanding our presence in key markets, we anticipate increased adoption of ApeChain and heightened engagement within the $APE ecosystem.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund: $2.1m USD in APE

1. Sponsorship: $900,000
2. Booth Production: $200,000
3. Side Event: $450,000
4. Staff Expenses: $120,000
5. Marketing Materials: $330,000
6. Flight Tickets: $100,000

All content produced can be transferred to the Ape Foundation, marketing and communication working group or any other initiative that the foundation requests for safe keeping.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-419-expansion-of-apechain-presence-in-key-asian-events/23113

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.

ABSTRACT

The proposal aims to support the Community-Led IP ecosystem (CLIP), powered by ApeCoin, dedicated to empowering web3 creators, brands, and enthusiasts in the digital ownership landscape. CLIPStarter, our flagship platform, will serve as the innovation, fostering collaboration, and driving the commercialisation of NFT IP assets. Through crowdfunding for community projects, virtual exhibitions, collectibles, loyalty programs, and strategic partnerships, CLIP will pave the way for NFT IP to transcend mere collectibles and become powerful engines of commerce.

CLIP will be implemented based on ApeChain. While ApeChain is the infrastructure that scales $APE and support the growth of ApeCoin ecosystem, CLIP will become the IP licensing engineer on top of ApeChain and be among the first few dAPP on ApeChain with real business operations.

We will setup a dedicated APE Team to serve ApeCoin DAO and ApeChain:

1. Identify opportunities with new brands and partners to collaborate with ApeCoin DAO and ApeChain
2. Promote ApeCoin to all existing ecosystem partners to raise brand awareness and integrate ApeCoin into entertainment & lifestyle sectors such as movies, video games as skin, traits, characters, F&B, etc.
3. Proactively develop high-end collectables with existing brand partners, exclusively for ApeCoin DAO members
4. Develop pinnacle experience with brand partners, exclusively available to ApeCoin DAO members.
5. Connect Made-By-Ape (MBA) products with sales channels and promote brand awareness for MBA builders.
6. To encourage ApeCoin holders to migrate their $APE to ApeChain, our loyalty system shall provide a multiplier to our participants who holds $APE on ApeChain.
7. A CLIP ecosystem grant will be setup to provide initial funds for qualified creators if they are willing to
   • Adopt ApeChain as the core blockchain infrastructure technology to their projects, and/or
   • include and promote ApeCoin in their projects (subject to ApeCoin DAO final approval);

Any projects receiving the CLIP ecosystem grant will have to contribute a certain percentage of their Net Revenue to the Ape Foundation
 This will be able to attract high quality projects, as well as strong Web3 communities such as Mocaverse, Pudgy Penguin, etc., to the CLIP and APE ecosystem.

BENEFIT TO APECOIN ECOSYSTEM

CLIP will provide a platform for any builders to showcase and promote their IP and projects, fostering collaboration and driving innovation within the ApeCoin DAO ecosystem. By empowering creators and brands to leverage the power of NFTs, CLIP will attract new users and drive adoption of ApeCoin as a valuable digital asset. Additionally, by facilitating partnerships and collaborations, CLIP will enhance the visibility and credibility of ApeCoin DAO, positioning it as a hub for digital creativity and innovation. Since ApeCoin aims to be the leader of Web3, this platform powered by ApeCoin will help build IPs around it and make ApeCoin achieve its goals. This will also be a very powerful business applications running on ApeChain and help driving the growth of the ApeCoin ecosystem.

ApeCoin Foundation shall receive:

• 50% of the Net Revenue generated by the APE Team
• Branding Integration opportunities into all the CLIP’s featured projects that potentially will create millions of impressions, as a means to promote ApeCoin and ApeChain.
• Revenue contributions from projects supported by the CLIP ecosystem grant.
• 500 limited-edition branded collectables, licensed with Mocaverse NFT, will be distributed to ApeCoin DAO’s community members as exclusive rewards.
• 500 limited-edition branded collectables licensed with BAYC NFT, will be distributed to ApeCoin DAO’s community members as exclusive rewards.
• 50 conference tickets hosted by CLIP, providing ApeCoin DAO with opportunities to engage with industry leaders and stakeholders.
• All these collectables and tickets will be distributed to the top 1,000 active ApeCoin DAO’s participants based on the CLIP’s loyalty system. Anyone holding $APE on ApeChain will receive a multiplier.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund: 2,750,000 ApeCoin

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-417-ip-ecosystem-with-clip-powered-by-apecoin/22886

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.

ABSTRACT

The Special Council of the APE Foundation, at the behest of the ApeCoin DAO members, acts as a liaison between the ApeCoin DAO members and the directors and officers of the APE Foundation. The Special Council exists to serve the vision of ApeCoin DAO.

To further shape the success of the role long-term, the following changes are proposed to be made:

1. Clarify that the Special Council is an “Advisory Board’’ that serves an advisory function with no corporate decision-making power.
   • Rationale: Oftentimes there is quoted confusion in the community about what the Special Council is or is not. In practice, the Special Council is in fact an Advisory Board neither corporate officers nor management executives, and they should not be viewed as such. The Advisory Board should also not be misconstrued as the board of directors of the APE Foundation.
   • An effective advisory board member brings unique qualities to the table. Key qualities and characteristics that make an individual effective in this role: diverse knowledge base, proven familiarity and understanding of the ApeCoin DAO ecosystem, good judgment, thoughtfulness, communication skills, commitment, integrity, and team player abilities.
2. Special Council nominees must have been discourse members for at least 6-months prior to the commencement of the term for which they are running and must have achieved a minimum of Trust Level 2 on discourse. For example, a nominee for the Special Council must have been a discourse member by June 30, 2024 if they are running for the January 1, 2025 term.
   • Rationale: The primary responsibility of Special Council members is to conduct administrative review of AIPs. Accordingly, it is important for the DAO that the individuals elected to the Special Council have a strong history of participation in the discourse and with AIPs.
3. Removal of the weekly reports established by AIP-305.
   • Rationale: It was a good experiment, but the minimal engagement metrics of the reports has shown that they have not been an effective use of anyone’s time and efforts. Furthermore, such reports are not appropriate for advisory boards.

BENEFIT TO APECOIN ECOSYSTEM

Implementing the proposed changes could yield several benefits for the ApeCoin DAO and its governance structure:

Clarity: Renaming the Special Council to the “Advisory Board” clarifies its role and that it is distinct from corporate management and decision-making. This clarity can help ApeCoin DAO members and better understand the purpose and function of the board, leading to more focused discussions and decision-making processes.

Fit and Focus: Requiring nominees to have a history of discourse participation and familiarity with AIPs ensures that Advisory Board members are properly suited to their roles. This can result in more informed discussions, better decision-making, and increased trust from the community.

Overall, these changes aim to optimize the Advisory Board’s role within the ApeCoin DAO, promoting long-term sustainability, and efficiency.

OVERALL COST

No ApeCoin requested from the treasury.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-426-special-council-future-election-requirement-and-role-clarification/23463

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.

ABSTRACT

fungible tokens (NFTs), thereby enhancing the utility and adoption of $Ape as a token. Puffles, the project introduces a user-friendly, no-code tool for NFT creators to launch their collections on various blockchain networks effortlessly. With an emphasis on customization and support for multiple blockchain networks, Puffles empowers creativity and accessibility in the NFT space. The primary objective is to establish an NFT Launchpad utilizing $Ape as currency to mint NFTs on the ERC-20 network, providing creators with a seamless platform for minting, showcasing, and trading their NFTs. This endeavor reflects a commitment to fostering blockchain innovation and supporting artists and creators in the crypto community.

BENEFIT TO APECOIN ECOSYSTEM

$Ape stands as a trailblazer in the NFT ecosystem, representing the very essence of NFTs at the forefront. Its journey has been fueled by the passionate Ape and NFT community. Consequently, it holds immense significance for $Ape to lead the way in the NFT realm, ensuring a system that not only enriches $Ape holders but also forges meaningful connections among NFT communities through this unique token.

The NFT Launchpad emerges as a great opportunity for projects to put life into their creations, minting NFTs with the $Ape rather than conventional tokens (recall the otherside mint?). This initiative promises to draw in a surge of transactions, infusing vibrancy into the network’s overall transactional activity. The resultant upswing will not only elevate the value of $Ape but also nurture the flourishing Apecoin ecosystem. Such utilization of $Ape extends beyond mere benefits for projects; it symbolizes $Ape’s emotional commitment as a direct, passionate contributor to the thriving NFT ecosystem."

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = $15,000 USD

Cost Breakdown:

• Designing of the Whole Platform: 4k (Team of 2)
• Development Cost for 3 Months: 6k (Team of 3)
• Deployment and Testing Cost: 2k (Team of 2)
• Audit: 3k Thank you for considering our grant application. We welcome the opportunity to discuss our proposal in further detail and provide any additional information you may require.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-397-nft-launchpad-powered-by-ape/21555

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.

ABSTRACT

In the interest of concentrating the competitiveness of each election pool, this proposal would limit ApeCoin DAO election nominees to run for one single position per election cycle.

BENEFIT TO APECOIN ECOSYSTEM

By ensuring that a nominee may only apply to run for a single position in a given election period, we would see greater selectivity by candidates as they opt for the position that plays to their greatest strengths. This has the effect of enriching the overall talent pool for each position, as well as reducing crucial administrative overhead.

OVERALL COST

This proposal costs zero ApeCoin.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-415-single-seat-nominees-a-more-competitive-election-pool/22907

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.

ABSTRACT

Liquidation Loans (ZLLs). ZLLs are a novel DeFi primitive that allow (i) borrowers to borrow without liquidation risk and (ii) lenders to lend in underdeveloped credit markets with higher yield potential.

For DAOs, ZLLs are a powerful new tool to increase the utility of their native token and to enable them to use their reserves in a more productive and strategic way.

We propose the creation of a lending market for $APE, utilizing MYSO’s v2 protocol. This initiative can offer community members access to non-liquidatable loans, thereby enhancing the utility of the $APE token. If there is confidence in the continuous growth of $APE and a desire to offer more incentives to $APE token holders, establishing a non-liquidatable lending market is an effective way to achieve this objective.

BENEFIT TO APECOIN ECOSYSTEM

By using above described convertible Zero-Liquidation Loan product, it is possible to::

• Create credit markets for the $APE token without lengthy governance processes, oracle integrations, etc.
• Lend treasury reserves in a more strategic way that creates value for the overall community.
• Provide a unique borrowing experience to the ApeCoin’s community, without liquidation risk.
• Reduce selling pressure for the $APE token and incentivize long-term holding.
• Fully customize and control the loans one underwrites.
• Signal high conviction on the $APE token and participate in a possible synthetic buyback strategy.

SPECIFICATIONS Using MYSO, it’s possible to offer fully customizable loan options to $APE token holders by simply setting up a lending vault and specifying the loan terms desired for lending.

For example, the grant recipient (i.e. Governance Working Group [GWG], see below) could set up a vault to lend out USDC (or any other token) and accept its native $APE token as collateral. The GWG can create multiple loan offers concurrently and define at which LTVs, tenors, and interest rates they’d feel comfortable lending. Updating/deleting these loan offers is also possible in a matter of minutes.

From a financial risk-reward perspective, the lender bears default risk that a loan may become undercollateralized and not be repaid. This resembles a deep in-the-money covered call strategy with a low delta. It’s worthwhile to mention that the risk premium is set by the GwG and can be hedged outside and independently of MYSO, if needed.

MYSO’s protocol fee starts at 0.1% and scales linearly to +0.4% for a loan with a duration of 1 year. To illustrate, the protocol fee for a loan with a 90 day tenor would therefore be at 0.2% of the collateral amount. Worthwhile to highlight that MYSO’s protocol fee is currently set at 0.00%.

MYSO v1 was deployed on Ethereum in January 2023. MYSO v2 was deployed on Mantle end of August 2023, on Ethereum end of September 2023 and on Arbitrum mid of October 2023. As of today, MYSO has a $1.25m TVL.

Other organizations that have successfully implemented MYSO’s lending protocol include:

• Olympus DAO ($500k pilot project for a gOHM/DAI lending market)
• Mantle (created a lending market for $MNT), Rocketpool (we launched the first RPL/rETH credit market for their community)
• Pendle (seeded a lending market for PT-sDAI Token), IndexCoop (to seed a lending market dsETH)

OVERALL COST

$750,000 USD

In order to enable meaningful borrowing capacity, MYSO would recommend seeding $750k. It’s important to note that the GWG retains full control over their lender vault, as well as the credit markets and loans they underwrite. The GWG also has the flexibility to withdraw their funds at any time, excluding the portion currently being lent out, or add more funds to their lender vault if they wish to do so.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-363-unlocking-ape-potential-building-a-credit-market-with-myso-finance/19712

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.