The First Of Many ApeChain AIPs Is Going Up For A Vote Tonight! Here's What You Need To Know:
Polygon’s ApeChain Ape Improvement Proposal is going up for a vote this evening in what will be the first of possibly many ApeChain Ape Improvement Proposals written by major foundations from across the crypto space to be voted upon by the ApeCoin DAO.
On October 10th, Polygon’s Co-Founder, Sandeep Nailwal, posted an idea on the ApeCoin DAO’s discourse forum that called for the creation of a “zero-knowledge powered Layer-2 “ ApeChain for ApeCoin.
Since Nailwal’s initial post, three other ApeChain ideas have been posted by major foundations from the crypto ecosystem: 1. Optimism, whose ApeChain idea is supported by MachiBigBrother and his A-Team; 2. Arbitrum, whose ApeChain idea is supported by ApeCoin DAO launch partner and creator of the ApeCoin DAO’s staking system Horzien Labs; and 3. zkSync, who posted their idea today.
Each foundation has shared their own ApeChain ideas to the ApeCoin DAO’s Discourse page and are working their way through the AIP process.
After it was announced that Polygon’s ApeChain AIP would be going up for a vote this week, some in the $Ape ecosystem took to Twitter and voiced their concerns that Polygon’s proposal would be voted on before the others.
MachiBigBrother tweeted that he felt that Polygon front ran the other ApeChain ideas.
Following this post, the Bored Ape Gazette reached out to ApeCoin DAO Special Council Member CapetainTrippy who told the paper that Polygon’s AIP will be voted on first because they posted their proposal first and that every foundations’ AIP will get voted on eventually.
“The SC is not a body that makes the decision on whether we have an Apechain,” he said. “It is up to the DAO to decide and the wider community to propose. Each proposal was submitted at various times and are in different phases of the process. Polygon was the first to submit a proposal and has made it through the process first. Each AIP should get the opportunity, assuming it passes all phases, to get to vote. One passing does not preclude another from going to vote.”
Before tonight’s vote begins, Polygon Labs’ CEO, Marc Boiron, took to Twitter and announced that Polygon has purchased 10 Million $Ape and that they will not be using it to vote on their AIP. Boiron also called for Optimism, MahichBigBrother, Arbitrum, and Horizen Labs to all sit this vote out as well and let the community decide which Foundation it wants to build Apechain.
“We have purchased over $10M of APE to show our alignment with the ApeCoin community,” Boiron wrote, “With this substantial purchase, @0xPolygonLabs now also has a conflict of interest in voting on AIP-368. That’s why we will NOT use any of our APE to vote on this AIP, leaving the passing or failing of this proposal in the hands of the community. We hope that other conflicted parties will follow our example and act in the best interest of the broader APE token holder community. We urge that any and all token holders with a conflict of interest, especially those who have drafted competing ApeChain AIPs (@machibigbrother, @arbitrum, @HorizenLabs , @optimismFND), also abstain from voting on this proposal. ApeChain and the ApeCoin community is too important to be mortgaged on short term gains and self-interested games.”
As the Bored Ape Gazette previously reported, the idea of an ApeChain for $Ape has been a topic of conversation at the Apecoin DAO since April 2022 following Yuga Labs’ Otherside mint that saw insanely high gas fees .
“We're sorry for turning off the lights on Ethereum for a while,” Yuga Labs tweeted on April 30, 2022. “It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale. We'd like to encourage the DAO to start thinking in this direction.”