March 24th, 2022

Good morning everyone,

I just want to start off by saying that while it’s not unexpected to see the amount of discussion and engagement from the community in the ApeCoin DAO just a couple days into voting, it’s still humbling to witness. I deeply believe ApeCoin DAO can be the most active DAO on the planet.

There’s been a lot of discussion around AIPs 4 and 5, and I wanted to provide some thoughts around “staking.” These are my personal feelings on the proposals–this is all coming from me as a member of the DAO, not as a Yuga co-founder. 

First off, I don’t want to see NFTs become locked away in “staking” contracts or really any kind of contract. To me, that goes against the ethos of the APE ecosystem. Your NFT is/can be your metaverse identity. That shouldn’t be something that gets locked away in a contract. I think members should have custody of their own NFTs. Whatever happens here, I want to encourage ApeCoin DAO voters not to push forward a system where we’re forcing users to lock away their NFTs in a contract.