[PIP-73] [Gate 2] Add $APE to $PLAY & rebalancing

Summary

Following up to the Gate 1 snapshot vote in favour to the inclusion of $APE in $PLAY, here below a proposed target allocation to consider for the upcoming $PLAY rebalancing.

## Passing Thresholds 5% or more of veDOUGH supply must participate (675k veDOUGH) 60% or more of participating veDOUGH must vote FOR

Background & Motivation

As already confirmed at Gate 1, the proposal for addition of $APE to PLAY arises from the foreseen launch of the gaming metaverse Otherside by Yuga Labs, where APE will be the native hard currency, promising to focus on interoperability and web3-native features.

Allocation Methodology

The methodology remains the one originally introduced as part of the PLAY prospectus. Only a minor amendment is proposed, removing the original rule capping to 60% the max cumulative allocation of the 3 larger holdings, required to more effectively represent the current marketcap of the metaverse/gaming sector, dominated by far by few leading projects (Sandbox, Decentraland, ApeCoin & Axie).

Allocation

Below the the proposed allocation to be considered for PLAY rebalancing.

NOTE: the Axie Infinity allocation resulted severely cut down to 5% in order to respect the max 3% slippage constraint for its allocation. The remaining was re-iteratively distributed pro-rata to other uncapped assets.

Do you support the proposed methodology amendment and resulting allocation for the PLAY index?