AIP-309: Allow for ApeCoin staked in JPEG’d…counted for voting power
HIGLIGHTS:
Author: BoredApeG
Abstract
This AIP allows for JPEG’d to request Ape Foundation’s assistance in implementing ApeCoin staked for its individual users to count as voting power in ApeCoin DAO governance activities.
JPEG’d is the first Peer2Protocol based NFT lending protocol. On top of allowing immediate liquidity against the value of their NFTS, it offers the opportunity for owners to get native ETH yield on them by leveraging core DeFi principles, notably by being one of the largest Convex holders.
JPEG’d DAO offers both solo and Peer2Peer APECoin staking, allowing NFT holders to list their NFTs for the APECoin staking program, as well as APECoin holders of any size to join any of the pools (BAYC/MAYC/BAKC).
Specifications
Ape Foundation will take reasonable steps to determine the appropriateness of JPEG’d staked ApeCoin to be counted as voting power in ApeCoin governance activities.
Important considerations include but are not limited to the following:
Ensuring no aggregators in voting power (e.g. ensuring the protocol operators do not control the voting power)
Proving that ultimate ownership is not centralized (i.e. voting represents individual wallet owners only)
Ape Foundation will work with JPEG’d for implementation.
Overall Cost
$0 requested from the ApeCoin DAO treasury for this proposal
STATUS: IN PROCESS
