Funanas mint revenue decision

This vote will determine whether we should purchase a MAYC in order to stake $APE coin alongside the MAYC OR if we should just buy the $APE coin and stake the $APE coin alone.

We generated 37 ETH from the Funanas mint. However, that was due to the price error (which was instantly resolved). Around 4 ETH was due to the price error, therefore the amount was refunded back to those that minted at a higher price.

Therefore 33 ETH is what we generated from the Funanas mint. 10,000x 0.0033 = 33 ETH. 3 ETH was spent on buying the Fun Apes floor and 30 ETH remains.

$APE already staked from Fun Apes mint revenue = 6974 $Ape coin

01/02/2023

Here is the breakdown for both decisions:

1- MAYC + APE COIN: Price of MAYC = 15.3 ETH (floor) Max staking with MAYC (APE coin) = 7.14 ETH to buy 2042 $APE Total = 22.14 ETH Remaining: 7.56 ETH Remaining amount of ETH (buy more $APE coin) = 2159 $APE If we max staked a MAYC with 2042 $APE Coin (max amount allowed) + the additional $Ape Coin (2159 Ape Coin) + $APE coin from staked Fun Apes Mint revenue = Monthly rewards of > 1,013 $APE OR ~$5,613 per month (at the time of writing)

2- ONLY $APE coin staking: 30 ETH (8565 $APE coin) +25 ETH (6974 $APE coin) = 15551 APE coin Monthly rewards from staking = ~1,219 $APE Coin OR ~$6,749 (at the time of writing)

We will leave this decision in the hands of the community. It is wise to diversify and not put everything in $APE coin, which is why MAYC may be a good decision long term but ultimately the decision rests in the hands of the holders.