{"id":483928,"date":"2025-06-06T16:00:41","date_gmt":"2025-06-06T15:00:41","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=483928"},"modified":"2025-06-06T15:12:11","modified_gmt":"2025-06-06T14:12:11","slug":"yuga-moves-to-kill-apecoin-dao-transfer-168m-in-assets-to-new-entity","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/yuga-moves-to-kill-apecoin-dao-transfer-168m-in-assets-to-new-entity\/","title":{"rendered":"Yuga moves to kill ApeCoin DAO, transfer $168M in assets to new entity"},"content":{"rendered":"

Yuga Labs has proposed dissolving the ApeCoin DAO and replacing it with a new governing body, ApeCo. This would mark a decisive shift in the management structure of one of Web3\u2019s most recognizable token communities.<\/p>\n

Filed as an AIP proposal on June 5, the plan would sunset the DAO and transfer all major assets<\/a>, including treasury funds, IP rights, smart contracts, and administrative operations, to a newly formed corporate entity led by Yuga.<\/p>\n

The proposal arrives amid growing dissatisfaction with the DAO\u2019s performance. Greg Solano, co-founder of Yuga Labs, described the organization as having become \u201csluggish, noisy and often unserious,\u201d declaring “it's time for ApeCoin to sunset the DAO and get back to winning.”<\/p>\n

In a post on X, Solano argued<\/a> that \u201cpeople want to kill the ApeCoin DAO\u201d and called for a \u201cleaner, faster org to take the reins.\u201d<\/p>\n

The envisioned transition would entail migrating the DAO\u2019s assets, which include approximately 169 million APE tokens currently valued at over $168 million<\/a>, into ApeCo\u2019s control. If approved, ApeCo would assume full responsibility for managing the grant program, directing ApeChain development, and overseeing key brand initiatives associated with the Bored Ape Yacht Club ecosystem.<\/p>\n

\"ApeCoin
ApeCoin Treasury (Source: ApeCoinDAO)<\/figcaption><\/figure>\n

ApeCoin DAO was launched in March 2022<\/a> to steward the community-driven evolution of the Ape ecosystem through decentralized governance. However, the DAO\u2019s performance has drawn mounting criticism from core stakeholders, including Yuga, particularly around low voter engagement and operational stagnation.<\/p>\n

The ApeCo proposal builds on an earlier governance revamp approved in January through AIP-582<\/a>, which moved ApeCoin governance on-chain via ApeChain with 93% support.<\/p>\n

That measure shifted the bulk of the treasury into the ApeChain ecosystem, but the new proposal effectively renders that effort moot by dissolving the DAO entirely and centralizing governance under a new legal entity.<\/p>\n

Apes united?<\/h2>\n

Community response has mainly been supportive in the early stages, with most forum comments<\/a> indicating approval. Some dissenting voices remain, including DAO contributor Lanzer<\/a>, who rejected the claim that the DAO has failed and warned of reputational damage from dissolving the structure altogether.<\/p>\n

If enacted, this would constitute one of the most sweeping rollbacks of a DAO to founder-led control in recent crypto history. The implications extend beyond the Ape ecosystem, raising renewed scrutiny on the long-term viability of token-holder governance in Web3.<\/p>\n

The move also comes on the heels of the SEC\u2019s decision in March<\/a> to close its investigation into Yuga\u2019s NFT offerings without pressing charges, removing one regulatory overhang as the company reasserts control over its ecosystem.<\/p>\n

The AIP remains in the Idea stage and will require full approval before implementation through the DAO voting process. Large token holders, including major venture backers and ecosystem partners, retain the ability to amend or reject the proposal.<\/p>\n

Should it pass, the operational logistics of transitioning smart contract ownership, treasury management, and grant disbursements will become immediate focal points.<\/p>\n

Solano\u2019s framing of the DAO\u2019s shortcomings illustrates the broader sentiment that, while aspirational, decentralized governance may struggle to support fast-moving brand and protocol development.<\/p>\n

ApeCo, as proposed, would operate with a smaller, professionalized structure focused on the execution and strategic growth of the Ape ecosystem\u2019s assets, including Otherside and ApeChain.<\/p>\n

The transition would mark a foundational shift in how one of crypto\u2019s most prominent communities governs its capital and IP.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yuga Labs has proposed dissolving the ApeCoin DAO and replacing it with a new governing body, ApeCo. This would mark a decisive shift in the management structure of one of Web3\u2019s most recognizable token communities. Filed as an AIP proposal on June 5, the plan would sunset the DAO and transfer all major assets, including […]<\/p>\n","protected":false},"author":1,"featured_media":483934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77419,79325,76232],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nYuga moves to kill ApeCoin DAO, transfer $168M in assets to new entity<\/title>\n<meta name=\"description\" content=\"Yuga Labs argues for a leaner, faster governance structure to replace the sluggish ApeCoin DAO.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/yuga-moves-to-kill-apecoin-dao-transfer-168m-in-assets-to-new-entity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yuga moves to kill ApeCoin DAO, transfer $168M in assets to new entity\" \/>\n<meta property=\"og:description\" content=\"Yuga Labs argues for a leaner, faster governance structure to replace the sluggish ApeCoin DAO.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/yuga-moves-to-kill-apecoin-dao-transfer-168m-in-assets-to-new-entity\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-06T15:00:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-06T14:12:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/06\/apecoin-dao.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/yuga-moves-to-kill-apecoin-dao-transfer-168m-in-assets-to-new-entity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/yuga-moves-to-kill-apecoin-dao-transfer-168m-in-assets-to-new-entity\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/news-desk\/#person\",\"name\":\"News Desk\",\"url\":\"https:\/\/cryptoslate.com\/author\/news-desk\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/news-desk\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/news-desk\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/author-cs-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/author-cs-300x300.jpg\",\"caption\":\"News Desk\"},\"jobTitle\":\"Editor\",\"description\":\"CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. 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