@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.
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:π§΅#BAYC#MAYC@osf_nft@greatmando_nft@farokh@beijingdou
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.
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.
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.
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
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.
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:π§΅
#BAYC#MAYC#BAKC#apecoin
6) Some ape holders are interpreting the staking mechanics differently. Iβm 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.