Yuga Labs wants to swap out ApeCoin DAO for ApeCo to fix how things are run, bring in more transparency, and get the community more involved.
People in the community are split — some think this change is needed, while others worry it might just create confusion and hurt the trust everyone’s built.
Yuga Labs, the team behind the legendary Bored Ape Yacht Club (BAYC), just dropped a bombshell: they’ve proposed shutting down the ApeCoin DAO. Citing ongoing governance issues that just aren’t getting better, Yuga’s suggesting a full reset with a new setup called ApeCo. Their ultimate goal was to fix the mess, get things back on track, and build something that works long-term.
A lot of people feel like the real power sits with a small group—mostly early contributors and a few board members who, by the way, pull in pretty hefty paychecks. That imbalance has raised serious red flags around transparency and how accountable the whole thing really is. Plenty in the community are fed up, saying they feel shut out from the decisions that actually shape the DAO.
In an effort to clean house, Yuga Labs is pushing to shut down the current DAO and roll out something new: ApeCo. The ultimate aim of this new setup is to fix and build a regulatory framework that actually highlights what the community wants. It is all about real decentralisation that gives more people confidence and making sure different voices across the ecosystem get heard. With ApeCo, Yuga’s looking to rebuild trust and get people to actually care about being involved again.
ApeCoin, the ERC-20 token that drives the whole ecosystem, isn’t just for payments — it gives holders a real voice in how things are run. Moving from the current DAO to something like ApeCo could seriously shift how decisions get made and how the token functions overall. If it all goes through, ApeCo could help break up the power concentration and give a broader mix of people and groups an actual say in what happens next.
What This Means for the ApeCoin Ecosystem
This move could also switch up how ApeCoin plays into proposals and community projects, maybe even boosting how much it actually matters in the day-to-day. Everyone from builders and backers to regular holders is keeping an eye on what’s happening, trying to figure out what these changes could mean for the project’s future and whether it can actually hold steady and grow from here.
Yuga Labs’ plan to close the ApeCoin DAO and bring in something new called ApeCo has raised a lot of questions and reactions across the community. Some people are, saying they want more transparency, less central control, and regulations that actually shows the people who care about the project. To them, ApeCo feels like a move toward something more balanced and better run.
That said, quite a few in the community are concerned about where this shakeup might lead. There’s worry it could cause confusion, damage trust, and destabilize the ecosystem. With the discussions happening, it’s highly important to maintain things transparent and there is a proper and genuine building of a regulatory framework that is fair and stable. To them, ApeCo feels like a move toward something more balanced and better run.
That said, quite a few in the community are concerned about where this shakeup might lead. There’s worry it could cause confusion, damage trust, and destabilize the ecosystem. With the discussions happening, it’s highly important to maintain things transparent and there is a proper and genuine building of a regulatory framework that is fair and stable
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Yuga Labs Takes Bold Steps to End ApeCoin DAO and Solve Governance Problems
Yuga Labs, the team behind the legendary Bored Ape Yacht Club (BAYC), just dropped a bombshell: they’ve proposed shutting down the ApeCoin DAO. Citing ongoing governance issues that just aren’t getting better, Yuga’s suggesting a full reset with a new setup called ApeCo. Their ultimate goal was to fix the mess, get things back on track, and build something that works long-term.
A lot of people feel like the real power sits with a small group—mostly early contributors and a few board members who, by the way, pull in pretty hefty paychecks. That imbalance has raised serious red flags around transparency and how accountable the whole thing really is. Plenty in the community are fed up, saying they feel shut out from the decisions that actually shape the DAO.
In an effort to clean house, Yuga Labs is pushing to shut down the current DAO and roll out something new: ApeCo. The ultimate aim of this new setup is to fix and build a regulatory framework that actually highlights what the community wants. It is all about real decentralisation that gives more people confidence and making sure different voices across the ecosystem get heard. With ApeCo, Yuga’s looking to rebuild trust and get people to actually care about being involved again.
ApeCoin, the ERC-20 token that drives the whole ecosystem, isn’t just for payments — it gives holders a real voice in how things are run. Moving from the current DAO to something like ApeCo could seriously shift how decisions get made and how the token functions overall. If it all goes through, ApeCo could help break up the power concentration and give a broader mix of people and groups an actual say in what happens next.
What This Means for the ApeCoin Ecosystem
This move could also switch up how ApeCoin plays into proposals and community projects, maybe even boosting how much it actually matters in the day-to-day. Everyone from builders and backers to regular holders is keeping an eye on what’s happening, trying to figure out what these changes could mean for the project’s future and whether it can actually hold steady and grow from here.
Yuga Labs’ plan to close the ApeCoin DAO and bring in something new called ApeCo has raised a lot of questions and reactions across the community. Some people are, saying they want more transparency, less central control, and regulations that actually shows the people who care about the project. To them, ApeCo feels like a move toward something more balanced and better run.
That said, quite a few in the community are concerned about where this shakeup might lead. There’s worry it could cause confusion, damage trust, and destabilize the ecosystem. With the discussions happening, it’s highly important to maintain things transparent and there is a proper and genuine building of a regulatory framework that is fair and stable. To them, ApeCo feels like a move toward something more balanced and better run.
That said, quite a few in the community are concerned about where this shakeup might lead. There’s worry it could cause confusion, damage trust, and destabilize the ecosystem. With the discussions happening, it’s highly important to maintain things transparent and there is a proper and genuine building of a regulatory framework that is fair and stable
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