Should we sell APE and some Yuga assets?

With the recent announcement of Apechain, a new Layer 2 chain connected to Yuga and the Ape ecosystem, the Board is proposing a vote for the DAO to divest from all Yuga-connected assets, except for the 4 MAYC NFTs used as IP in the comic. The rationale behind this proposal includes:

1. APE coin performance: Despite a recent rally following the announcement, the token remains highly inflationary, with limited adoption across the ecosystem.

2. Declining yield: The yield on staked APE is expected to continue declining over the coming months.

3. Stagnant NFT values: The values of BAYC and MAYC NFTs have shown limited growth, and we don’t foresee a catalyst for change.

Vote will be a simple yes or no, the viote will last a week from now and we are open to any question on discord.

Happy voting!