Ape Improvement ProposalsAsking For Over $250K USD Worth Of Funding Will Now Need Super Majority Support At The ApeCoin DAO

The ApeCoin DAO passed a significant Ape Improvement Proposal last week, mandating that AIPs seeking over $250,000 USD in funding must now secure supermajority support!

Last Wednesday, the DAO approved AIP-436, titled 'Enhancing Financial Decision-Making with Super Majority Voting of 69% for Allocations Over $250,000,' with 96.94% approval.

 

 

“This AIP proposes a modification to the ApeCoin DAO’s decision-making process by requiring a super majority vote for any proposal that involves spending or allocating more than USD two hundred fifty thousand dollars ($250,000) of DAO resources,” AIP-436 author and former Special Council member Captain Trippy wrote. “A super majority, for the purposes of this AIP, is defined as at least 69% of the total number of tokens cast during voting in favor of the proposal without consideration of any abstained votes. In the case of proposals with funding requests designated in $APE (or any other non-USD denomination), a USD-value determination must be made during the review period prior to the voting phase, and to be clarified for the community under the Overall Cost section of the relevant proposals.”

 

Starting this voting cycle, which includes five proposals requesting over $250,000 USD, AIPs must achieve 69% approval to pass.

The Bored Ape Gazette will continue to track the impact of this new supermajority rule on the DAO. Stay tuned for updates!