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- Yuga Labs CEO Greg Solano proposes dissolving the ApeCoin DAO.
- A new entity, ApeCo, will take over most responsibilities and assets.
- The plan focuses on efficiency, quality, and core ecosystem growth.
Yuga Labs CEO Greg Solano has proposed the complete shutdown of the ApeCoin DAO. He plans to launch a new entity called ApeCo to manage ApeCoin’s future. This shift aims to fix what many see as serious problems in the current system.
The DAO helped launch the token but then got burdened with slow decision-making and high proposal-quality problems. A new entity, ApeCo, will take over all the leftover assets. Only what is needed for legal duties and staking contracts will remain behind.
ApeCo will focus exclusively on high-quality projects within its three core pillars: ApeChain, the Bored Ape Yacht Club (BAYC), and Otherside. According to Solano, these are the very foundations of ApeCoin’s overarching strategy for the future.
The proposal ends all DAO governance rights. Tokenholders will no longer vote on spending or project support. Instead, ApeCo will manage resources with a clear goal: faster growth and better returns for the ecosystem.
ApeCoin DAO Faced Governance Issues
ApeCoin DAO used to be a poster child for crypto open governance. Well, that openness brought problems. It allowed the over-approval of trivial or self-interested proposals. Great sums were consumed with little results. Solano believes this type of governance no longer aligns with the purpose of ApeCoin.
Under the new model, funding will be provided to builders who meet high standards. Projects will need to demonstrate their value as well as their alignment with ApeCoin’s cultural and technical objectives. ApeCo will apply milestone-based grants along with close supervision to guarantee quality.
The plan describes specific allocations. They reserve about 11.25 million APE tokens for staking. They set aside an additional 10 million APE tokens for legal, operational, and transitional expenses. Everything else-from smart contracts to domain names-goes to ApeCo.
Staking Contract Funding Begins Transition
If this plan gets approval, the transition starts with funding from staking contracts. Then the DAO infrastructure will shut down, the final steps are asset transfers to ApeCo and full control handover. There are no further expenses anticipated beyond what is outlined in treasury use.
The new structure eliminates governance delays and noise, adds clarity to the strategy, and reinforces accountability. As a result, ApeCo will operate more as a business than as a public experiment.
That means faster execution, more effective allocation, and better support for core offerings. ApeCoin is no longer a supplemental endeavor; it now underpins one of the largest brands in NFTs and aspires to govern the most culturally relevant blockchain. ApeCo will facilitate that.
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