ApeCoin DAO officially favor to remain within Ethereum ecosystem

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The ApeCoin DAO, a governance system serving the democratic rights of ApeCoin holders – a digital asset linked to the Bored Ape Yacht Club ecosystem – published an official proposal on May 2 on whether the asset should remain on Ethereum, a layer-2 Transition to the alternative, or perhaps explore the possibility of chain migration.

The ApeCoin Improvement Proposal (AIP) titled “AIP-41: Keep ApeCoin in the Ethereum Ecosystem,” was written by BAYC 2491, known as ASEC, and draws inspiration from a number of developments, including the turbulent Adead Mint, and Later Yuga Labs are included. feedback.

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The disastrous fallout of Era Labs’ OtherDeads Metaverse land sale prompted a thorough examination of the financial limitations of Ethereum’s gas fee mechanics, and prompted key members of the Apcoin community to voice their concerns about Apcoin’s fixed supply contracts, and scalability potential. inspired.

The massive deflation of the gas wars, and a lack of financial inclusion or integrity, was then further compounded by a poorly-calculated tweet from Yuga Labs, which insisted that “it is abundantly clear that Appcoin should be properly funded.” “We would like to encourage The DAO to start thinking in this direction.”

Despite Era Labs’ insistent suggestion, AIP-41 vigorously advocated against migration from Ethereum, stating that “such a decision is currently too complex and costly”, and potentially their deep-rooted influence on the network. may damage the appearance. Quantification and cultural adoption of NFTs.

“We ApeCoin DAO believe that, at least for the time being, ApeCoin should remain within the Ethereum ecosystem, and should not migrate elsewhere in an L1 chain or sidechain that is not secured by Ethereum.”

The total votes of the proposal equated to 3.8 million and 3.3 million against – equivalent to a 53.59% split. This outcome is not entirely certain, and further discussions may be warranted with new proposals being submitted within the three-month grace period.