AIP-310: Allow for ApeCoin staked in BendDAO protocol to be counted for voting power

ABSTRACT

This AIP is a reconstruction of AIP-229 to be submitted as individual proposals by respective protocols.

The current voting system does not allow ApeCoin staked in protocols, other than ApeStake.io, to be considered in voting power calculations for ApeCoin DAO governance.

This AIP allows for BendDAO to request Ape Foundation’s assistance in implementing ApeCoin staked for its individual users to count as voting power in ApeCoin DAO governance activities.

https://www.benddao.xyz/

BendDAO is the first P2Pool-based NFT liquidity protocol. Built as the underlying infrastructure for NFTFinance, BendDAO offers several innovative features such as Collateral Listing, NFT Down Payment, Ape Staking, all of which leverage the power of instant NFT-backed loans.

BendApeStaking V2 is a Pool2Pool auto-pairing and staking solution, providing Gasless Reward Auto-compounding to all users for maximizing their ApeCoin yield. With V2, holders of BAYC, MAYC, BAKC, and ApeCoin can stake their assets and instantly start earning yield. It offers a pure staking solution, devoid of loan or liquidity risks, thereby safeguarding user assets while maintaining asset efficiency and flexibility.

BENEFIT TO THE APECOIN ECOSYSTEM

Increased governance voting participation.

APE Staking statistics 8/1/2023

Allowing users to vote will benefit both the growth of ApeCoin DAO and the whole NFTfi industry.

OVERALL COST

$0 requested from the ApeCoin DAO treasury for this proposal

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-310-allow-for-apecoin-staked-in-benddao-protocol-to-be-counted-for-voting-power/17007

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.