US EditionYuga Labs Proposes Scrapping ApeCoin DAO and Launching ApeCo
- In June 2025, Greg Solano, the CEO of Yuga Labs, put forward a proposal to dissolve the two-year-old ApeCoin DAO and create a new organization named ApeCo.
- Solano explained the DAO became inefficient and devolved into "noisy, unserious governance theater," prompting a push for a leaner operational model.
- The Ape Improvement Proposal aims to transfer all DAO assets to ApeCo, which will focus on accelerating development and supporting high-quality projects.
- The plan includes deploying 11.25 million APE to staking and reserving 10 million APE for transition costs while removing all governance rights.
- If approved by a formal vote, the transition will end ApeCoin DAO governance, potentially unlocking faster innovation and renewed ecosystem focus.
17 Articles
17 Articles
ApeCoin DAO Faces Shutdown as Yuga CEO Proposes New ApeCo Model
key Insights: Yuga Labs CEO Greg Solano proposes ending ApeCoin DAO for faster governance structure. New entity ApeCo aims to streamline capital deployment and support ecosystem development efficiently. Community feedback shows strong approval for dissolving DAO and launching professional operations model. Yuga Labs CEO Greg Solano, known online as Garga.eth, has submitted a proposal to sunset the ApeCoin DAO and launch a new entity called ApeC…
Yuga Labs Wants to Replace ApeCoin DAO With New Entity “ApeCo” After Governance Collapse - Crypto News Flash
Yuga Labs’ proposal to replace ApeCoin with ApreCo aims to provide clear governance, focused resource allocation, and streamlined funding for projects. The ApeCoin DAO has faced criticism for being slow, inefficient, and manipulated by conflicting interests. Yuga Labs, Bored Ape Yacht Club’s creator, is proposing to change how ApeCoin is managed, suggesting to eliminate the existing DAO and set up “ApeCo” instead. With this, the company wants to…
Bored Apes Creator Yuga Labs Moves to Sunset Apecoin DAO, Launch Apeco – Bitcoin News
Yuga Labs, creator of the Bored Ape Yacht Club, has proposed terminating the decentralized Apecoin DAO and transferring its assets to a new entity called Apeco to accelerate ecosystem growth. Apecoin DAO to Dissolve Under Yuga Labs Proposal Yuga Labs CEO Greg Solano has formally proposed sunsetting the Apecoin Decentralized Autonomous Organization (DAO), calling it […]
Yuga Labs, the famous company behind the Bored Ape Yacht Club, has announced a radical proposal: to dismantle the current ApeCoin DAO and replace it with a new governance entity called...
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