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  • Writer's pictureKyle

ON THE BALLOT: This AIP Wants To Give $Ape Stakers More Options

There is an Ape Improvement Proposal on the ballot this that wants to give ApeCoin DAO contributors more options when staking their coins.

AIP-250 titled “Development of Staking Service Maximizing Ape Staking Rewards and Flexibility,” is an ecosystem allocation fund proposal written by ApeCoin DAO contributor Wesleyliao0208 and the Pawnfi team.

In AIP-250, Wesley explained that Pawnfi, an NFT lending, trading, staking, and liquidity mining platform, not only gives $Ape holders the benefits of Horizen Labs' ApeStakeIo platform but also provides additional benefits and options. These include a rewards auto-compounding option, the opportunity to buy and sell Yuga Labs NFTs on their staking platform, additional passive income through leverage, and the chance for non-Yuga Labs NFT holders to stake their $Ape and have it auto-compound.

“By offering these additional advantages, Pawnfi’s Ape Staking model further enhances the staking experience and caters to a wider range of users, including both NFT holders and non-holders seeking to maximize their returns and protect capital gains,” Wesley wrote.

In total, Wesley and the Pawnfi team are asking the ApeCoin DAO to allocate 10,000 $Ape to them so they can build ,optimize, and develop their platform.

The window to vote on AIP-250 is currently open and ApeCoin DAO contributors have until next Wednesday, August 9th, to cast their coins.

The Bored Ape Gazette is working to find out more about AIP-250 and how its platform would work. Stay tuned for updates!

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