ON THE BALLOT: This AIP Would Require 69% Approval For Proposals Over $250K USD!

Super expensive Ape Improvement Proposals may soon require supermajority votes at the ApeCoin DAO.

The $Ape community is heading to the polls this cycle to vote on a new budgeting proposal that would require high-priced projects to gain not just a simple majority of support within the $Ape ecosystem, but a supermajority of 69% of voters.

AIP-436, titled 'Enhancing Financial Decision-Making with Supermajority Voting of 69% for Allocations over US $250,000,' is a process proposal authored by Former Special Council Member Captain Trippy.

“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,” 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.”

If passed, AIP-436 would not cost the DAO anything and the DAO would evaluate its impact on the AIP process in three months.

The window to vote on AIP-436 is currently open, and ApeCoin DAO contributors have until Wednesday, August 14th, to cast their votes on this proposal.

 

$Apes can read Captain Trippy’s full AIP here: https://forum.apecoin.com/t/aip-436-enhancing-financial-decision-making-with-super-majority-voting-of-69-for-allocations-over-us-250-000/23705

 

The Bored Ape Gazette will continue to follow AIP-436 and will let you know how the DAO votes on the proposal later this week. Stay tuned for updates!