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  • Writer's pictureKyle

This AIP Aims To Cut The Salaries Of The ApeCoin DAO's Future Special Council Members In Half

There is an Ape Improvement Proposal on the ballot this week that aims to cut the ApeCoin DAO's future Special Council Members' monthly salaries in half, from $20,833 USD to $10,417 USD.

AIP-337 titled ‘Re-evaluating ApeCoin DAO Special Council Salaries Structure,” is process proposal written by ApeCoin DAO Contributor Moonlyght.

“This AIP proposes the re-evaluation of Special Council salaries from AIP-1 3 with an immediate salary adjustment for future Special Council members, suggesting a 50% reduction in their compensation (from $20,833 of ApeCoin/month to $10,417 of ApeCoin/month),” Moonlyght wrote. “This adjustment will be applicable to all future terms as detailed in AIP-137 1 and AIP-138 1, exclusively affecting Special Council members elected after the implementation of this proposal.”

Currently, the DAO’s five Special Council members each receive $20,833 USD per month for a total compensation of 249,996 USD over their one-year terms.

If passed, this AIP would not impact the current Special Council members’ salaries, but it would impact those who are elected in the DAO’s next election this December.

“The question of whether the compensation for this responsibility is justified remains a subject of community deliberation,” Moonlyght wrote. “I believe It’s important to enable the community to reach a collective decision regarding this matter, recognizing that varying perspectives exist regarding the appropriateness of the compensation.”

The window to vote on AIP-337 is currently open and ApeCoin DAO Contributors have until Wednesday, October 25th to cast their coins and vote on this AIP.

The Bored Ape Gazette is working to find out more about AIP-337 and will bring you an interview with Moonlyght soon. Stay tuned for updates!

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