Yuga Labs CEO Greg Solano proposed the disbandment of Apecoin Dao, instead creating a new centralized entity called Apeco.
The recommendation reflects a significant shift in governance strategies, from a community-led model to a more controlled structure supervised by Yuga Labs. The program involves transferring all assets and responsibilities from DAO to Apeco, which will take over the management of projects such as Apechain, the boring APEY Yacht Club.
The proposal is currently open by Apecoin Tokenholders, who will decide whether the transition should be made through a formal vote.
Source: Greg Solano (X)Why did Greg Solano suggest dissolving Apedao?
Solano described Apecoin Dao as “slow, noisy, and often unquestionable” in his official proposal, noting that while DAO helped launch Apecoin, it has been working to deliver consistent, high-impact results.
He criticized the DAO for funding what he called “stalemate, governance theater, vanity advice and low impact noise” and suggested that a decentralized governance model no longer fits the evolving needs of the ecosystem.
Solano believes that a more centralized structure under Apeco will make decisions faster and better allocate resources, especially for core areas such as Apechain and the boring Ape Yacht Club.
Source: ApecoinWhat’s next for Apecoin Dao?
If the proposal is approved, Apecoin Dao will be officially dissolved and all its assets, including ape tokens, smart contracts, intellectual property and technology infrastructure, will be transferred to Apeco. Governance rights to be held by token holders will be revoked and DAO’s forums, elections and working groups will be closed.
The program includes funding existing storage contracts with 11.25 million APEs and retaining 10 million APEs for legal and operating expenses during the transition period.
The proposal is now awaiting a community vote for Apecoin holders, and the formal chain vote will determine whether the DAO closure and the establishment of Apeco will continue.
