Yuga Labs Proposes Overhaul of ApeCoin Governance, Aims to Replace DAO with ApeCo

Yuga Labs CEO Greg Solano has unveiled a radical proposal to dismantle the ApeCoin DAO and replace it with a streamlined entity called ApeCo. In an ape improvement proposal (AIP) posted June 5, Solano argued the current decentralized governance model has devolved into "gridlock, governance theater, and low-impact noise" since its inception during crypto's bull market heyday.

The DAO, while instrumental in bootstrapping ApeCoin's early adoption, now misallocates resources toward vanity projects rather than high-caliber initiatives, according to Solano. "The next chapter demands sharper focus and faster execution," he tweeted, emphasizing Yuga Labs' renewed commitment to recapturing the scrappy innovation of its first year.

The proposed transition WOULD mark a significant centralization shift, replacing community voting with professional operations designed for "strategic capital allocation." Solano's critique echoes growing industry skepticism about DAO efficacy, particularly for projects requiring rapid iteration.