0
0
News

Yuga Labs Proposes Dismantling ApeCoin DAO

Calling the DAO plagued by 'unserious governance theater,' Yuga CEO Greg Solano is proposing its shutdown and transfer to a new entity established by Yuga.
0
0
Jun 6, 2025 • 1 min read

Yuga Labs has proposed disbanding ApeCoin DAO due to governance inefficiencies, aiming to replace it with a streamlined entity named ApeCo.

What’s the Scoop?

  • Proposal for Change: Yuga Labs, creator of Bored Apes, plans to replace ApeCoin DAO with a new governance entity named ApeCo.
  • Motivation: The move seeks to eliminate governance hurdles hampering ecosystem growth and refocus specifically on three primary projects.
  • Governance Shift: ApeCoin DAO’s current setup faces criticism for inefficiency, prompting this proposal for a fundamental restructuring.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.