AIP-21: Staking Process with Caps (1x drop) - Process

HIGHLIGHTS:
Submitted by: giacolmo.eth

This AIP proposes a staking system for ApeCoin and the Bored Ape Yacht Club (BAYC) NFT ecosystem: Bored Ape Yacht Club, Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC). Staking participants will be able to stake ApeCoin and use the Bored Ape Yacht Club ecosystem NFTs to receive ApeCoin from a preset pool over a set period of time.

STEPS TO IMPLEMENT

• Smart Contract:

  • Development of the Staking Process smart contract

  • Smart contract security audit and QA

• A proposal to be drafted and approved via the ApeCoin DAO for the allocation of ApeCoin for Staking Process, and the duration of the Period.

• Website (Design and Implementation):

  • Staking and unstaking UI, for both direct ApeCoin stake and commitment of NFTs to stake

  • Status of staking pools: amount remaining

  • Accrual rate: current accrued, current weight

  • Claim: unclaimed ApeCoin balance

  • Market Tools:

    • NFT search and staking status

    • NFT ApeCoin commitment

    • NFT ApeCoin commitment lockup status

TIMELINE

The estimated time frame is 12–16 weeks.

OVERALL COST

$300,000 – $500,000
Estimate includes smart contract engineering, full stack engineering, UI/UX design, Project Management,
QA, and auditing services.

https://forum.apecoin.com/t/aip-21-staking-process-with-caps-1x-drop-process/5074