AIP-373: Boring Security - Runnin’ It Back

ABSTRACT

Boring Security is seeking $239,000 for FY24. We are seeking funds to deploy into a Uniswap V3 Liquidity Pool where Boring Security DAO can take structured withdrawals from yield generated month over month to cover its operating expenses not covered by partnership income and other grants.

BENEFIT TO APECOIN ECOSYSTEM

For less than the (former) cost of one Council member per month :trollfaceemoji:, we have a DAO full of almost 30 contributor members and 1600 Alumni token holders, preaching the message of Security, and showcasing the power of ApeCoin. We have expanded the ApeCoin ecosystem beyond just apes, partnering with Gitcoin, Art Blocks, Pudgy Penguins twice, publishing content with Ledger Academy, and building & teaching in the metaverse!

Boring Security’s OnCyber Classroom: https://www.oncyber.com/boringsecurity-classroom

We also will be adding 'Powered by ApeCoin' to all of our materials!

Going forward, we want to make sure the world knows that we are ApeCoin powered. Boring Security simply would not be possible without the ApeCoin DAO, and with this proposal we are asking for permission to plaster this on all of our materials.

We may also include other sponsors in parts of our branding as well, but we want folks to be reminded at every step that ApeCoin is at the heart of who we are and what we do. We pay our contributors in ApeCoin, we hodl our ApeCoin, and we provide (some) liquidity to ApeCoin as well.

A mockup of the Powered by ApeCoin usage

Boring Security has been incredibly cost effective, being very judicious with every dollar spent. We’re committed to growing Boring Security as part of the ApeCoin DAO, building out an asynchronous catalog of security resources (beyond just articles) in 2024.

(The $20k Marketing spent in March was a proposal to sponsor Revoke.Cash [which passed] and to honor Rosco’s incredible contribution in the space, as well as being featured on their front page for 1 year!)

Curious about our budget? We have tracked every single transaction the DAO has made, as well as it’s supporting LLC entity, here:

BoringSec Treasury - Google Sheets

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We don’t want to be just a “public good funded by Apes”, but a representation of what a lean, mission driven DAO can accomplish for all of Web3. So far, we’ve focused on expanding our live class offering and growing our community. Next we want to be a household name, helping turn ApeCoin DAO to be the friendliest, most accessible ecosystem in all of crypto. We can’t wait to build in the Otherside along with you all, and send you on quests to defeat scammers in the metaverse!

OVERALL COST

$239,000 USD denominated in $APE

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-373-boring-security-runnin-it-back/20024

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.