What will happen next if Ape Community cannot renew its contract with Cartan Group?
Recently, the ApeCoin DAO community is voting on the new proposal AIP-183 initiated by Cartan Group. Cartan Group wants to extend the cooperation with the ApeCoin DAO community to continue to serve as the administrator of the ApeCoin DAO community, and requires ApeCoin DAO to allocate monthly Its funding increased from $150,000 to $250,000 and 20,000 APEs. The proposal, which was originally scheduled to end voting on December 22, has already received 65.85% of the negative votes.
secondary title
What role does Cartan Group play in ApeCoin DAO?
As you all know, ApeCoin DAO is a decentralized organization composed of all APE token holders, aiming to propose proposals from the community, which are then voted on by APE token holders. The Ape Foundation (Ape Foundation) is responsible for handling the daily management of ApeCoin DAO, proposal management and any other tasks to ensure that the ideas of the DAO community can be realized.
In addition, Cartan Group, a Cayman Islands-based consulting firm, also participates in the daily management of ApeCoin DAO. Cartan Group is a company specializing in foundation operations and executive governance for crypto industry projects. Due to its experience in delivering billions of dollars in communities, DAO management, and fund management, ApeCoin signed a 6-month contract to hire it to provide operational and project management support for the Ape Foundation. According to the content of the contract, Cartan's term will end on December 31 this year.
In the AIP-183 proposal, Cartan Group listed the performance completed during his tenure, such as publishing and managing multiple AIP proposals (discussion, review, snapshot, etc.), including defining the structure of ApeCoin DAO, selecting Horizen Labs as ApeCoin Community development staking platform and other active proposals, in addition, Cartan Group has also completed a number of ecosystem grants, paid Discourse and legal counsel fees, communicated with special committees, executed grant agreements, and sent grants. It can be said that in this performance report card, we can see the professionalism and diligence of Cartan Group, and its active promotion of the operation of ApeCoin DAO. Cartan Group also has the support of Yat Siu, chairman of Animoca Brands, who believes that they have risen to the challenge at the most difficult stage, and that working behind the scenes has made the job thankless.
secondary title
What do community members think?
It can be seen from the current voting ratio that most members of the ApeCoin DAO community still have doubts about the proposal.
Looking through the comments of community members, we can see that the doubts mainly focus on the following two points:
What is the rationale for this proposal to actually increase the monthly cost by more than 2x? (Although the Cartan Group explained that he took on additional responsibilities that were not part of the original scope, in the opinion of most community members, many additional projects may also qualify for the foundation's support of the original operating scope.)
Questioning the Cartan Group is not producing real operational results nor moving the DAO forward, allocating more time and money to them is a waste of time. Supporting this argument is Machi Big Brother, who believes that Cartan Group is underperforming and has little experience with DAOs.
Faced with these doubts, btang, the head of Cartan Group, also made some responses.
Regarding question one, btang said that the increased cost lies in the fact that he has assumed additional responsibilities, and that the operating community needs to allocate additional resources, which are necessary elements for community development. Also, it is true that some of the work was covered under foundation support in the initial scope of operations, but those responsibilities did not include things like running the nomination and election process, but we took on those responsibilities nonetheless.
Regarding question two, btang stated that as chairman of 30 council meetings, he protected the fund by securing 547 domain names and processing more than 30 trademark applications, preparing financial statements and publishing quarterly transparency reports, and writing 11 AIP ideas and 10 other topics Yes, I believe we are operating at the Foundation.
secondary title
What happens if the AIP-183 proposal fails?
If this proposal fails, the Cartan Group's term will end on December 31st, at which point the community will need to ensure a smooth transition of operational responsibilities to the next group. However, there is currently no relevant transition plan in the community in advance, so it will not be easy to temporarily find a replacement to replace all the various tasks that Cartan currently manages.
proposalproposal。
The Transition Plan provides a 29-tasklist, and identified seven "high priority" tasks that needed to be addressed based on priority.
Gnosis Safes
Coinbase Prime
Stake on January 1, 2023
accounts payable
Understand the regulatory environment and constraints of foundations
Determine the Cayman Islands registered office
Confirmation of Cayman Islands supervisors and directors
It is now much wiser for the community to develop a transition plan in time than to be forced to accept the largely rejected AIP proposal. If in the end we have no choice in this matter and ApeCoin DAO cannot pass this stage in an orderly manner, this will bring a little complexity to the governance of DAO, and will it cause greater panic and doubts? These are all unanswered questions.
