AIP-466 Co-Author Captain Trippy Explains What Immediately Happens To The Working Groups If His Proposal to Close Them Passes Next Week.

As $Apes and Apes look poised to pass a proposal that would eliminate the DAO’s four Working Groups, AIP-466 co-author Captain Trippy explained what will happen next.

With the vote on AIP-466, titled “Proposal to Close Non-Essential Working Groups,” set to end in four days, and with $Ape holders almost unanimously casting their coins in favor of this proposal—along with the DAO’s two largest delegations, Made By Apes and Moca—many are asking what happens next.

Will the working groups simply cease to exist? Or will there be some sort of wind-down period, allowing the Working Groups “to implement an orderly shutdown of their operations and any activities and entities (e.g., sub-DAOs) associated with the affected working groups, as stated in AIP-239: Working Group Guidelines & The Governance Working Group Charter,” as AIP-466 author Derek Smart, aka SmartApe, wrote in his proposal?

To find out more, the Gazette reached out to former Special Council Member and AIP-466 co-author Captain Trippy, who said that the Ape Foundation will make the ultimate decision, but he envisions a wind-down period for the Working Groups to tie up loose ends.

“That would be something to ask the Foundation, but this is how I understand it: any funds that have been agreed to and dispersed to the working groups will remain that way and the stewards will continue on and finish,” he said. “If they choose to stop or walk away, those funds should be returned to the DAO. There are no clawbacks in this proposal and so nobody is “getting fired”, the programs are just not continuing on after current funds are exhausted.”

 

As the Bored Ape Gazette previously reported, $Apes are voting on an AIP to close the Governance Working Group, the Marketing & Communications Working Group, the Metaverse Working Group, and the Web3 Development Working Group. This proposal also directs the Ape Foundation to hire third parties on an as-needed basis through the RFP process, modeled after the DAO’s AIP process, which was approved four months ago with the passing of AIP-401.

 

The window to vote on AIP-466 is currently open, and ApeCoin DAO contributors have until Wednesday, October 16th, to cast their votes on this AIP.

$Apes can read the full proposal here: https://forum.apecoin.com/t/aip-466-proposal-to-close-non-essential-working-groups/24526

 

 

The Bored Ape Gazette will continue to follow AIP-466 and will let you know how the community ultimately votes on this proposal next week. Stay tuned for updates!