Thread by @ysiu

1/ .@apecoin frens we have received a proposal from a credible 3rd party blockchain developer who has given us an assessment on a development time table for AIP-4&5 with caps implemented. The proposal is shared at forum.apecoin.com/t/aip-4-stakin… for a summary see 🧵👇 with a poll #DAO

https://twitter.com/ysiu/status/1512106568472354844

2/ We decided to explore proposals from reputable 3rd party blockchain firms to assess the time table for a discussion with the @apecoin community given the many concerns. This proposal suggests a time table of 14 weeks for the staking implementation itself

3/ and it also assumes 13 weeks of development for the UI which can be done simultaneously. The proposal was created by a very credible blockchain developer who for the time being wishes to remain anonymous given that AIP-4 (revised) was not (and may not be) approved.

4/ Our initial thought is that the time table it takes to develop appears fair (3.5m) but that we feel that a 1 week audit might be conservative. Given that the the proposed @apecoin staking pool is substantial we feel that this is an endeavor that will require significant care.

5/ The purpose of sharing this to the @apecoin community is for discussion, review and disclosure purposes only. Before we would consider submitting a new AIP idea we wanted to receive more insights from the community, for that purpose we have also put forward a poll on caps 👇

6/ How large should the @apecoin CAP be per NFT for any future staking proposal under a reformed AIP-4 idea? As a reminder the caps were 10,094 $ape for #BAYC and 2,042 for #MAYC full details over at apecoin.com #DAO #vote #apecoin

7/ as always we very much appreciate your time and attention on this important matter and I would also encourage you to visit and assess all discussions on forum.apecoin.com both @mg @RDM_41 @giacolmo have also discussed/submitted variations of AIP-4&5