Per the proposal, ApeCo would be granted all assets held by the DAO or ApeCoin Foundation, only after the new entity funds the ApeCoin staking contract and the DAO infrastructure is disabled.
Quote
Sources
'A Different Era': Bored Ape Creator Yuga Labs Wants to Kill the ApeCoin DAO
Referenced by
Yuga Labs plans for ApeCo to become the main entity managing funds and development across the ApeCoin ecosystem if approved by the DAO.
Crypto news
Claim
