ON THE BALLOT: This AIP Aims To Reward A DAO Contributor For Optimizing The $Ape Staking Contract

There is an Ape Improvement Proposal on the ballot this week that aims to reward the DAO Contributor that optimized the ApeCoin staking contract’s gas fees.

AIP-208 titled “Reflecting on AIP161 Feedback and Revising Proposed Reward,” is an ecosystem fund allocation proposal written by ApeCoin DAO Contributor Codeislight.

In their proposal, Codeislight explained that they found a way to optimize the $Ape staking contract’s gas fees and sent the information to Horizon Labs and Immunefi last year.

“In summary, back when the staking contract was being audited through AIP-34, I found multiple gas optimizations findings, which were shared with Immunefi and classified as out of scope, since they are only concerned about security findings,” Codeislight wrote. “Thereafter, due to the time scarcity to form an AIP and wait for it to pass to implement the gas optimizations and the mainnet launch was in the following 2-3 weeks. I decided to get it implemented by reaching out to Horizen Labs. which they were happy about the findings and implemented the findings at the last moments.”

In their proposal, Codeislight wrote that the DAO is currently using their optimized gas contract.

This a gas fee optimization will save the community a collective 1450 Eth over the three-year lifespan of the DAO’s staking system, according to Codeislight.

In total, Codeislight is asking the DAO for a 6,000 $Ape or $24,300 USD reward for optimizing the staking contract’s gas fees.

As the Bored Ape Gazette previously reported, Codeislight asked the DAO to reward them with a floor Bored Ape for optimizing the staking system’s gas fees in January 2023, but the community rejected their proposal.

The window to vote on AIP-208 opens tonight at 9 P.M. EST tonight and $Ape holders will have until next Wednesday, April 5th, to cast their coins.

ApeCoin DAO Contributors can read Codeislight’s full proposal here: https://forum.apecoin.com/t/aip-208-reflecting-on-aip161-feedback-and-revising-proposed-reward/10766

The Bored Ape Gazette is working to find out more about AIP-208 and will bring you more coverage of this proposal later this week. Stay tuned for updates!