AIP-223: A Community-First ApeCoin DAO DEX - Ecosystem Fund Allocation

ABSTRACT

The ApeCoin DAO is built on the fundamental goal of enabling Yugaverse and ApeCoin holders with value. To date, the focus has been enabling marketplaces, communications, IRL events/education, and physical assets. We believe a DEX can be the next big thing. ApeCoin itself is trading on most major CEXs and DEXs (centralized exchanges and decentralized exchanges). There are a wide range of fees charged by these exchanges associated with opening and closing positions, and conducting swaps. Our vision is to create an ApeCoin DAO decentralized exchange (DEX) to benefit ApeCoin holders. The ApeCoin DAO DEX will enable the decentralized exchange of ERC-20 tokens supported by multi-asset pools that earn liquidity providers fees from market making and swap fees. We expect to help create the lowest possible trading fees available in all of DeFI for $APE holders, stakers, and buyers. Our core contract functionality will include rewarding LP providers in $APE, thus creating an important use-case around utility for $APE and activating significant deflationary pressure on the token. The impact should be greater utility, engagement, and value for our DAO.


Draft UI mockup

OVERALL COST

39,000 $APE

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-223-a-community-first-apecoin-dao-dex-ecosystem-fund-allocation/11062

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.