We can pair our BAYC with another person through BendDAO and passively earn $ape through the ongoing $ape staking program offered by the Apecoin DAO. You may review the current listings on BendDAO here: https://www.benddao.xyz/en/apecoin-staking/explore/pairing-listings/
As of this writing, the floor ask by a BAYC owner is 35% of the yield. A fully staked BAYC earns over 44 $ape per day, so we would expect well over 10 $ape per day, even after BendDAO's fee. This reward will be reduced as more $ape is added to the pool. Our reward will also be reduced upon the end of this current rewards tier on March 11 or 12 and for as long as we stake through subsequent 3 month tiers. Those may be found on the Apecoin DAO website.
I am proposing this now because we are still holding our BAYC, and, earlier today, Yuga announced an upcoming 2D game, the Legends of Mara, in the Otherside that will be powered by $ape (see https://twitter.com/OthersideMeta/status/1623003731401879575?s=20&t=Ojag9s05WvBELzOK5aTHRw). This arguably has caused $ape to outperform today and sent it back above $6. The new game will give $ape an additional use and sink in the near future to allow us to gain liquidity here. For your reference, Dookey Dash has seen over 262,000 $ape spent on boosts.
The most obvious downside is the counterparty risk coming from BendDAO. It is also unknown whether we can list on BendDAO through the multisig, which means a member may need to custody the BAYC for us. This will require additional research should this proposal gain favor.
To make the administration of this easier, I would also propose that the multisig or member staking the BAYC be authorized to claim our $ape in their own discretion. If we would want to convert the $ape to ETH, stake the rewards themselves or something else, then we would need an additional proposal for this purpose.