Fool of Ape

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Fool of Ape

Fool of Ape

@FoolofApe

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

Katılım Şubat 2022
31 Takip Edilen278 Takipçiler
Fool of Ape
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.
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Waabam 🧨
Waabam 🧨@waabam·
@Herb_Castillo @apecoin @DGT8_ @jmt_nft @nicdors @jbsd123 @shaycarl @nyc_cary @VickijEth @shok_eth @adultarts @dtrain22k @ap3father @0xRedVan @BoredClint @Shawn_Nik @CassStreet I shared some of my thoughts on @ysiu's cap proposal. I also provided a spreadsheet with some estimates of APRs under using various $APE caps. Let's keep the discussion going twitter.com/Waabam1/status…
Waabam 🧨 tweet media
Waabam 🧨@waabam

My thoughts on the ApeCoin staking cap system proposed by @ysiu including some estimates of what the APRs would be with various caps: 🧵

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Fool of Ape
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
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Fool of Ape
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: twitter.com/FoolofApe/stat…
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.

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Fool of Ape
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.
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Fool of Ape
Fool of Ape@FoolofApe·
UPDATE: twitter.com/ysiu/status/15… 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 snapshot.org/#/apecoin.ethI 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

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Fool of Ape
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.
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Fool of Ape
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.
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Fool of Ape
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
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Keşfet

@Herb_Castillo @apecoin @DGT8_ @jmt_nft @Nicdors @jbsd123 @shaycarl @VickijEth