AIP-310: Allow for ApeCoin staked in BendDAO…counted for voting power
HIGLIGHTS:
Author: BoredApeG
Abstract
This AIP is a reconstruction of AIP-229 to be submitted as individual proposals by respective protocols.
The current voting system does not allow ApeCoin staked in protocols, other than ApeStake.io , to be considered in voting power calculations for ApeCoin DAO governance.
BendDAO is the first P2Pool-based NFT liquidity protocol. Built as the underlying infrastructure for NFTFinance, BendDAO offers several innovative features such as Collateral Listing, NFT Down Payment, Ape Staking, all of which leverage the power of instant NFT-backed loans.
BendApeStaking V2 is a Pool2Pool auto-pairing and staking solution, providing Gasless Reward Auto-compounding to all users for maximizing their ApeCoin yield. With V2, holders of BAYC, MAYC, BAKC, and ApeCoin can stake their assets and instantly start earning yield. It offers a pure staking solution, devoid of loan or liquidity risks, thereby safeguarding user assets while maintaining asset efficiency and flexibility.
Specifications
Ape Foundation will take reasonable steps to determine the appropriateness of BendDAO 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 BendDAO for implementation.
Overall Cost
$0 requested from the ApeCoin DAO treasury for this proposal
STATUS: IN PROCESS
