Polygon Labs co-founder Sandeep Nailwal proposed the ApeCoin DAO governance community build, deploy and maintain its own zero-knowledge powered Ethereum Layer 2 using Polygon’s Chain Development Kit .
“The ApeCoin community has been aware that ApeCoin will need to migrate to its own chain in order to properly scale since these very words were tweeted by Yuga Labs nearly 18 months ago,” Nailwal wrote on ApeCoin DAO’s governance forum. “While ApeCoin DAO voted on AIP-41 to keep ApeCoin within the Ethereum ecosystem, the question of an ApeCoin-specific chain is open and remains ripe for decision.”
Polygon’s CDK is an open-source software development kit, enabling developers to create their own ZK-powered Layer 2s with reduced fees and finality times while inheriting Ethereum’s security.Nailwal said that ApeChain would provide the ApeCoin DAO community with the right scaling solution suitable for games and consumer applications, while offering potential sequencer fees and staking rewards for validators on the network.
The fund includes $3 million for the establishment of a development program, $125,000 annually over two years for an ApeCoin ecosystem development lead and $50,000 in APE tokens for two years as an annual bonus, subject to a 1-year lockup.
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