Swapping OP for Ape to Stake

Swapping OP for Ape to Stake Proposal

Objective

Convert all of the Optimism windfall to Ape, which has a more committed holder base, clearer potential upside this year, and strengthens our relationship with Yuga community.

Plan

Swap all CW OP for Ape.

Stake all resulting Ape.

Summary

Ape has asymmetric risk the next several months with ApeChain. It also helps with our delegation wallet initiative and Yuga development. Optimism’s future value is relatively unclear.

Swap OP for Ape and then stake.