The $Ape Community Voted To Approve AIP-89“Improved Delegation Experience." Here's What Happens Next
On Wednesday, the ApeCoin DAO voted to approve Ape Improvement Proposal-89 “Improved Delegation Experience” with nearly unanimous approval.
The Apecoin of the nearly 778,000 $Ape that participated in last week DAO vote, 99.26% voted in favor of AIP- 89.
After AIP-89's approval, Bajwa told the Bored Ape Gazette what she plans to do next.
“Really excited to see this pass,” Bajwa said. “After this is passed, I’ll be working with bhwags to lay out the architecture and design of the new UX. We also have to officially bring on some additional developers and resources, which we will do shortly after this passes.”
As the Bored Ape Gazette previously reported, the purpose of AIP-89 is to make it easier for $Ape holders to delegate their votes and for active DAO contributors to apply to be delegates for their peers.
“Many $APE holders don’t have the time to participate in governance and would prefer to delegate their votes to a peer,” Bajwa wrote in the proposal. “The current Snapshot delegation system is opaque and unhelpful because users need to know the wallet address of the delegate, and there is no easy way to identify how the delegates will govern.”
To make it easier for $Ape holders to delegate their votes to another user, Bajwa proposed the DAO create a dedicated system for delegation.
“Delegates will answer a few basic questions about how they would govern, and delegators will be able to filter and search through their responses to find a delegate aligned with their interests,” Bajwa wrote.
This new delegation system will take up to 12 weeks to create and will cost the DAO up to $150,000 USD, according to the proposal.
The Bored Ape Gazette will continue to follow AIP-89 and will let you know when and how $Ape holders can participate with this improved delegation experience.