AIP-311: Allow for ApeCoin staked in ParaSpace…counted for voting power
HIGLIGHTS:
Author: BoredApeG
Abstract
This AIP is a reconstruction of AIP-229 2 to be submitted as separate proposals by each protocol.
The current voting system does not allow ApeCoin staked in protocols, other than ApeStake.io 2, to be considered in voting power calculations for ApeCoin DAO governance.
This AIP allows for ParaSpace to request Ape Foundation’s assistance in implementing ApeCoin staked for its individual users to count as voting power in ApeCoin DAO governance activities.
ParaSpace is a cross-margin lending protocol for full collateralized loans with bundled collateral. In just five months, ParaSpace has achieved impressive results, with up to TVL of $220 million, a leader in the market. We have over 2400 NFTs supplied, over 7,000 users, and $8.3 million in Ape staking. ParaSpace aims to become the world’s leading universal lending protocol, not only in the NFTFi area but also in financial derivatives and real-world assets. Our vision is to allow users to borrow anything against everything. ParaSpace has many advantages, including auto-compounding, auto-repay to save gas, and maximizing staking rewards. We also offer a variety of pool choices, such as p2pool and p2peer. We provide BNPL services, allowing users to buy blue-chip NFTs and enjoy benefits with 0% down payment and immediate profit generation for Staking. ParaSpace also offers special features such as Rare Trait Boost loan limits. Recently, we have launched Instant Unstake Eth, allowing users to withdraw assets immediately without waiting 7-14 days.
Specifications
Ape Foundation will take reasonable steps to determine the appropriateness of ParaSpace 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 ParaSpace for implementation.
Overall Cost
$0 requested from the ApeCoin DAO treasury for this proposal
STATUS: IN PROCESS
