Pair BAYC Asset with KodaCapitalDAO BAKC + APE assets on BendDAO

Currently the Grayboys DAO does not hold a BAKC but holds BAYC. The DAO also has limited ape coin / ETH if https://snapshot.org/#/grayboys.eth/proposal/0xb92ee40e3f47df4017930f237aa074e9724d9531cce4adb023d28edff17f87ad passes.

In order to raise DAO funds passively this proposal is to leverage BendDAOs pair staking program to join forces with KodaCapitalDAO. Koda Capital will bring the BAKC + the necessary $APE coin needed to max stake the paired pool.

On BendDAO a paired staking request should be setup where GrayBoys DAO takes 10% of the yields and KodaCapitalDAO takes 90% of the staking yields + the $APE invested into the pool for max staking.

The paired pool is only accessible if you hold both assets, since KodaCapitalDAO is bringing an asset worth 6.1 ETH currently + the 856 $APE to max stake the kennel pool, it's only right they take a larger share of the yields.

Currently the paired pool has an APY of 321.9% meaning 856 * 321.9% = 2755.46 $APE GBs takes = 275.5 $APE for doing nothing aside from unlocking the paired staking pool KodaCapitalDAO takes = 2479.5 $APE

This would need to be executed prior to ape staking starting.

This will be beneficial for the GB DAO as its raising DAO funds for long term and future purchases. Also note, the BAYC, can be pulled out of the pool anytime! No risk in participating in the pool for free and earning passively for the DAO.

BendDAO Docs: https://docs.benddao.xyz/portal/bendapestaking-intro-and-faq Koda Capital DAO: https://kodacapitaldao.xyz/

Analytics: https://dune.com/ponzidope/apecoin-staking-apy ApeCoinDAO: https://apecoin.com/about Twitter Thread on Ape staking: https://twitter.com/withoutnameNFT/status/1596508138072571906?s=20&t=lrhU0oSuSIiWzSUpeLgvrA