AIP-21: Staking Process with Caps (1x drop) - Process

ABSTRACT

After the vote against AIP-4&5, the community had meaningful discussions on the ApeCoin DAO forum and elsewhere. The essential feedback was that overall the framework was fine, but lacked the key element of caps.

This AIP proposes a staking system for ApeCoin and the Bored Ape Yacht Club (BAYC) NFT ecosystem: Bored Ape Yacht Club, Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC). Staking participants will be able to stake ApeCoin and use the Bored Ape Yacht Club ecosystem NFTs to receive ApeCoin from a preset pool over a set period of time.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-21-staking-process-with-caps-1x-drop-process/5074

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.