[SWAP]-[1.8 $ETH] : Convert our ETH to $APE to prepare funds for another pool

GM,

We just had a detailed spaces where we discussed our next plan forward. We know currently we don't have enough funds to acquire a #MAYC but we have close to enough funds to max stake a #MAYC pool. With the pair staking feature from BendDAO we have a great opportunity to max stake our $APE with some other #MAYC holder.

Let's talk reserves: -Currently our Multi sig has 235 $APE coin aside from the amount set aside by Anthro and Rocky Pool.

• We have another 880 $APE in the smart contract
• We have 1.6 ETH in the smart contract and .2 ETH in the multi sig
• In total we have 1115 $APE and 1.8 ETH available

This proposal is to convert the ETH we have into $APE in the next day or so. Converting 1.8 ETH (1 ETH/ $ 1134) to $APE (1 $APE / $3.20) would yield us roughly 637 $APE coin.

After the swap our $APE bag available for another pool would be = 1752 $APE

We need exactly 2042 $APE to max stake another pool via paring system which is roughly 5 mints (less then a ETH with APE and ETH prices remaining similar from the example above).

Why do this? This allows us to be ready as soon as the pairing features are released which in return gives us good leverage and negotiation power on pool split percentages.

If we go into one of these pairing pool, our staking yields would be something like ....

• Let's say we split the pool 50-50 with a MAYC holder. (Worst case/Best case)
• The pool would yield 9576.98 $APE @ a 469% APY. Split that by 50% that's a yield of 4788 $APE for the DAO.
• The 4788 $APE is then split across all holders (let's say that's 80 holders) then that's a 59.85 $APE yield / token.

Here is the spaces where we discussed it in detail: https://twitter.com/i/spaces/1ynJOaXNdVkKR?s=20

Keep in mind, $APE price will increase the longer we wait based on everyone looking to get ready for staking the next two weeks.