Kyle
EXCLUSIVE: Check Out Our Interview With The Author Of The New Two Staking Proposals
Two new staking proposals are going up for a vote this Thursday at the ApeCoin DAO.
Ape improvement Proposals 21&22, written by BAYC member Giacolmo.eth, will be on this week’s ballot and $Ape holders will have to decide whether to approve the two new staking AIPs
AIP 21 titled “Staking Process with Caps (1x) drop process” hopes to keep the spirit of the first two proposals (AIP 4& AIP 5) while addressing NFT holders concerns.
“After the vote against AIP-4&5, the community had meaningful discussions on the ApeCoin DAO forum and elsewhere, Giacolmo wrote. “The essential feedback was that overall, the framework was fine, but lacked the key element of caps.”
As the Bored Ape Gazette previously reported, AIP 4&5 were overwhelmingly rejected by the $Ape community because there were not allocation caps on the BAYC MAYC specific pools.
Giacolmo hopes that the inclusion of caps in this proposal can move the community forward and get staking underway. “Therefore, this AIP has the purpose to get to a conclusion, simply proposing again the same previous AIP-4 plus the caps (1x the ApeCoin drop), to allow the DAO move forward without other contention points.”
AIP 21 proposes that BAYC NFT holder be allowed to stake 10,094 ApeCoin, MAYC NFT holders can stake 2,042 ApeCoin, and BAKC NFT holders can stake 856 ApeCoin in their respective NFT specific pools. (Note a BAKC dog will need to be paired with an ape in order to be staked.)
AIP 22 titled “Staking Pool Allocation Reloaded - Ecosystem Fund Allocation” was also written and proposed by Giacolmo. I
In this AIP, Giacolmo proposes that 17.5% of the total $ApeCoin supply be distributed over a three-year staking period.
Check out the proposed incentive distribution curve here:
