BAYC/MAYC/BAKC Lend to Stake

Purpose: This is a proposal to borrow MAYC assets from DAO members to utilize for staking the DAO's ApeCoin reserves. This will maximize ApeCoin returns for the DAO without needing to acquire additional high priced Yuga assets.

Resources: The DAO would utilize 100% of it's ApeCoin (5,307) for staking with MAYC assets. This prevents any use of those ApeCoin while staked however rewards from staking can be pulled at anytime and utilized for other purposes.

Detail:

• Owners of MAYC must send their asset to the DAO multi-sig custody during staking period
• Owners receive 30% of the staking rewards distributed monthly
• A minimum 3 month commitment is required for staking after which the owner or DAO can choose to unstake the MAYC and return the asset at anytime.
• Staking period begins Dec. 12th and the staking rewards reduce every quarter so the largest returns will be during the first 3 months.
• Any non ApeCoin related airdrops, rewards, utility provided by Yuga for MAYC holders during this period will be passed through to the owner of the asset as long as it is based on asset holdings and not per wallet.

Impact: Only major impact is that this will lock up our ApeCoin for 3 months minimum which prohibits spending on potential activations by Yuga and/or 10ktf through the Otherside.

Justification: Maximize ApeCoin ROI for our current holdings.