IT ALL COMES DAO-N TO THIS: $Ape Holders Are Heading To The Voting Booth To Cast Their Coins On Garga's AIP To Shut Down The ApeCoin DAO!

It all comes DAO-n to this.

Later this week, the polls at the ApeCoin DAO will likely close for the last time as $Apes take to the voting booth and cast their coins to “cut the cruft” and usher in a new era for $Ape.

All eyes are on ApeCoin this week as $Ape holders make their voices heard between now and Thursday at 12:30 A.M. EST, voting on Yuga Labs CEO Garga’s Ape Improvement Proposal titled “Sunsetting the DAO and Launching ApeCo — A New Operating Model for ApeCoin.”

 

“This proposal recommends a bold and necessary evolution of the ApeCoin ecosystem: the wind-down of the ApeCoin DAO,” Garga wrote. “While the DAO was instrumental in bootstrapping ApeCoin’s early momentum, it has become misaligned with the future we must build. The next chapter demands sharper focus, faster execution, and an operating model that backs only the highest-caliber projects.”

if passed, Garga’s sunsetting proposal would end the DAO’s governance system, meaning no more AIP votes or Special Council elections. It would also override all previously passed AIPs, and transfer the DAO’s assets to ApeCo, a new organization led by ApeCoin CEO Cameron Kates and other members of the Banana Bill and Ape Foundation teams. The AIP would also hold back 10 million $Ape  for legal and contractual obligations, and would ensure that the DAO’s existing staking protocol will continue as planned, finishing its final year of rewards, which are scheduled to end in March 2026.

 

“The DAO served its purpose, but the game has changed. We’re no longer in the experimental phase,” Garga wrote. “We’re building the best chain in crypto and expanding the most iconic brand in NFTs. ApeCoin should be the economic engine for that future.”

 

This is a major vote for ApeCoin regardless of how it goes and the outcome will have a lasting impact on the token’s future. That’s why everyone is encouraged to cast their coins and make their voices heard this week.

 

As the Bored Ape Gazette previously reported Ape Foundation CEO Cameron Kates recently tweeted “To pass, it must receive 69% of all votes, with no less than 3.5% of all votable tokens either in favor or abstaining.” That means every vote matters, so make sure you participate!

 

To vote on Garga’s AIP or to read the full proposal and find out more about ApeCo, visit the DAO’s Snapshot page here: https://snapshot.box/#/s:apecoin.eth/proposal/0x8c9d5d3c920498a36d780b1f219333b667fc48e453ad5a80d429c84c35933d71

 

The Bored Ape Gazette will continue to follow AIP-596 and will let you know how the DAO votes on this monumental proposal. Stay tuned for updates!