Fool of Ape

New kid on the blockchain. I ape into tops, NGMI.

[Fool of Ape @FoolofApe]

@Waabam1 @Herb_Castillo @apecoin @DGT8_ @jmt_nft @nicdors @jbsd123 @shaycarl @nyc_cary @VickijEth @shok_eth @adultarts @dtrain22k @ap3father @0xRedVan @BoredClint @Shawn_Nik @CassStreet @ysiu thanks for sharing. The APRs you indicate are actually quarterly numbers. To get annual yield you need to add up all 4 quarters. So BAYC APR at 10k cap = 47.1%. Also to be fair to MAYC, the cap should be adj. acc. to pool size&no. of NFTs. If BAYC=10k cap, then MAYC=2.023k cap.

[Fool of Ape @FoolofApe]

@tmjd1415 @osf_nft @greatmando_nft @farokh @beijingdou It helps to provide some form of price and supply stability, especially at the infancy of the ecosystem where there aren't a lot of use cases for $APE yet and also as more coins get unlocked.

[Fool of Ape @FoolofApe]

I see a lot of misunderstanding around staking proposals AIP4&5 for $APE. With the vote now live, no one seems to be talking about the details, and the forum was not open for community input. Here's what you need to know:🧵#BAYC #MAYC @osf_nft @greatmando_nft @farokh @beijingdou

[Fool of Ape @FoolofApe]

@Ape_Lawyer @dingalingts @machibigbrother @OGDfarmer @TheDEGENtleman @Herb_Castillo I agree with this, it should be NFT plus $APE. Contentious issue now is where to set the max cap of staked coins per NFT. I addressed this here: https://t.co/ld7qvWSXK2

[Fool of Ape @FoolofApe]

More NFTs will be needed to stake past the max cap. This benefits those who own multiple ape NFTs and decreases $APE whale centralization. But @ysiu has not clarified what the max cap per NFT will be. I think this should be spelled out before the voting period for AIP4&5 ends.

[Fool of Ape @FoolofApe]

More NFTs will be needed to stake past the max cap. This benefits those who own multiple ape NFTs and decreases $APE whale centralization. But @ysiu has not clarified what the max cap per NFT will be. I think this should be spelled out before the voting period for AIP4&5 ends.

[Fool of Ape @FoolofApe]

UPDATE: https://t.co/aBLCPptcYO

Based on Yat Siu's latest tweet, it seems my interpretation of AIP4&5 is correct but he clarifies in the end (though not written in the proposals) that there will be a max cap to the allowed number of coins staked to an NFT pool per NFT owned.

[Yat Siu @ysiu]

1/ lots of discussion on @apecoin AIP-4 and 5 proposal https://t.co/vDuuWNfPGe will aim to address what appears to be the immediate staking question and will aim to articulate these more formally on my medium and given urgency I thought I would share some initial clarification

[Fool of Ape @FoolofApe]

Also, for those who want to dive deeper & learn more about how DAOs work, @rugradio just finished a very informative DAO 101 learning series explaining the basics of how DAOs work & best practices. @farokh and @belikewater have done an outstanding job educating the community.

[Fool of Ape @FoolofApe]

Just listened to a recording of the Unofficial Apecoin Dao Meeting hosted by @Herb_Castillo on twitter spaces. To ape holders thinking of selling more of their ape NFTs to buy $APE -> Some further thoughts:🧵

#BAYC #MAYC #BAKC #apecoin

[Fool of Ape @FoolofApe]

6) Some ape holders are interpreting the staking mechanics differently. I’m glad that it is now being discussed openly. @yatsiu has tweeted that he will clarify a lot of the uncertainties with regards to the staking process so let's wait for that.