Yuga Labs Proposes Scrapping ApeCoin DAO, Launching ApeCo

Description

Yuga Labs CEO Greg Solano proposes dissolving the ApeCoin DAO and moving its multibillion-token treasury into a new, Yuga-controlled “ApeCo” to fast-track funding for ApeChain, Bored Apes and Otherside.

Authors

Shaurya Malwa

Publish date

June 6, 2025

Publisher

CoinDesk

Web URL

https://www.coindesk.com/markets/2025/06/06/yuga-labs-proposes-scrapping-apecoin-dao-launching-apeco

Referenced by

At this stage, the post is only a temperature check, as a formal on-chain vote must follow before the dismantling begins.

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A leaner vehicle controlled by Yuga Labs, he argued, can “eliminate gridlock” and push capital only to “high-caliber projects” across three pillars: ApeChain, Bored Ape Yacht Club and Otherside, Yuga’s metaverse bet.

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Under the plan, ApeCo would first top up the staking contract with 11.25 million APE ($8.3 million), reserve 10 million APE for legal and transition costs, then swallow everything else in the Foundation treasury — from tokens and domains to smart contracts. All active governance powers, working groups and future AIPs would be removed if the proposal is passed.

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