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  • Writer's pictureKyle

The ApeCoin DAO's GWG Is Looking To Conduct A Sustainability/ Decentralization Study On The DAO

The ApeCoin DAO ‘s Governance Working Group is looking to hire a research firm to conduct a study on the ApeCoin DAO and find a path towards more decentralization and sustainability.

The ApeCoin DAO approved AIP-317 titled ‘ApeCoin DAO Governance and Operations Budget,’ last month which included funding for a Sustainability and Compliance study.

After the AIP was approved, Governance Working Group Steward Amplify made a Request For Proposal and is currently looking for a research firm to create an economic sustainably study and roadmap for the DAO that can put the community on the path towards a “decentralized treasury management structure.”

“We’re looking for quality R&D firms to submit a detailed study which outlines a path for the DAO to become self sustaining,” Amplify told the Gazette. “We would like recommendations and a roadmap towards deploying the DAOs assets such that we can meaningfully earn revenue in an endowment-like capacity. So the objective would be to cover our burn rate.”

Firms have between now and October 27th at 5 P.M. EST to submit their bids to the ApeCoin DAO by emailing their proposals to

The Governance Working Group will then select which firm the DAO hires on November 1st and the firm will then publish their study on February 28th,2024.

$Apes and firms who are interested in submitting idea can find out more about the RFP here:

The Bored Ape Gazette will continue to follow the Governance Working Group’s RFP and will let you know which firm they chose to hire next month. Stay tuned for updates!

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