ApeCoin DAO-N Low #35
To the Bored,
Good evening and thanks for reading the 35th edition of the Bored Ape Gazetteās ApeCoin DAO-N Low newsletter.
While the weather outside is frightful, the conversations happening around the $Ape ecosystem this holiday season are delightful. From second year $Ape staking rewards to the creation of several possible ApeChains by major foundations in the crypto world, and the ApeCoin DAOās third-ever election season with eight $Ape office positions up for grabs, itās safe to say that December is truly the most wonderful time of the year!
With so much cover, letās ape into the news and get the DAO-n low on the Apecoin DAO.
Today, December 12th, officially marked the beginning of the ApeCoin DAOās second year of $Ape staking rewards. Over the next 12 months, the ApeCoin DAO will allocate 50 million $Ape to $Ape stakers across the four staking pools with 13,750,000 $Ape being distributed between now and March 12, 2024.
During this first quarter of the DAOās second year staking rewards, 4,125,000 $Ape will be distributed to the $Ape only Pool, 6,675,625 $Ape will be distributed to the BAYC Pool, 2542,375 $Ape will be distributed to the MAYC Pool, and 407,000 $Ape will be distributed to the BAKC Paired Pool, according toĀ ApeCoin DAO Special Council Member Gerry.
As the ApeCoin DAOās second year staking rewards began today, talks of a possible ApeChain intensified last week after ApeCoin DAO launch partner, Horizen Labs, announced that they were working with Arbitrum on an ApeChain solution for the community.Ā
Horizen Labs and Arbitrumās ApeChain pitch would have the ApeCoin DAOās ApeChain built on Arbitrum Orbit chains, a protocol that lets you create your own dedicated chain that settles to one of Arbitrum's Layer 2 (L2) chains: Arbitrum One, Arbitrum Nova, Arbitrum Goerli, or Arbitrum Sepolia. You own your Orbit chain and can customize its throughput, privacy, gas token, governance, and moreā according to the Arbitrum Foundation.Ā
Arbitrum is the third major foundation in the crypto space to ape into the ApeCoin DAO and pitch their solution for a possible ApeChain to the community.
Back in October, Polygon Labs Co-Founder, Sandeep Nailwal, posted anĀ ideaĀ to the ApeCoin DAOās discourse forum that called for the creation of a āzero-knowledge powered Layer-2āĀ ApeChain for ApeCoin.
Then a month later in November, Optimismās Co-Founder, Ben jones, took to the community Discourse page and pitched why $Ape should be on his projectās Superchain.
Currently all three of these ApeChain pitches are in the idea phase at the ApeCoin and not up for a vote.Ā Ā
As the DAO debates the merits of a possible Apechain and which developer should build it, the ApeCoin DAO is also in the middle of its third election season with three Special Council seats, one Governance Working Group Steward, two Marketing and Communication Steward spots, and two Metaverse Working Group Steward roles up for grabs.Ā
This week, the ApeCoin DAO is officially electing its first two Marketing and Communications Working Group Stewards along with its first two Metaverse Working Group Stewards. Look at the candidates below:
Marketing and Communications Working Group Steward Candidates
Linstro, Popil, Lor3Lord, TheFatherOfAllStorms, Shotgun. Tobi
Metaverse Working Group Steward CandidatesĀ
G_Is_Us, TFG, Max Song, David_Crypto, and Dim
The window to vote in these two races is currently open and ApeCoin DAO Contributors can cast their coins for their preferred nominee between now and tomorrow night at 9 P.M. EST.
As $Ape holders elect their first-ever Marketing and Communications and Metaverse Working Group Stewards this week, the community is also voting to narrow down the list of possible Special Council and Governance Working Group Steward nominees to five candidates per race.
Following this weekās first round of Special Council and Governance Working Group Steward voting, the ApeCoin DAO will head back to the polls from Ā December 14th- December 20th and elect three Special Council members and one Governance working Group Steward whose termsĀ will begin on January 1st, 2024.
The Bored Ape Gazette has been interviewing every candidate running for $Ape office over the last two weeks. Check out the paperās interviews here: https://www.theboredapegazette.com/blog/categories/apecoin-newsĀ
Thank you so much for reading this weekās edition of the ApeCoin DAO-N Low and be sure to follow the Bored Ape Gazette on Twitter to stay up to date with all things $Ape!
Best,
Kyle
Editor-In-Chief
Bored Ape Gazette