Yuga Labs Proposes Dismantling ApeCoin DAO, Replacing It with ApeCo
Yuga Labs CEO Greg Solano has unveiled a sweeping proposal to dissolve the ApeCoin DAO and replace it with a new entity called ApeCo, marking a bold pivot in the evolution of the ApeCoin ecosystem.
The plan seeks to eliminate governance inefficiencies and direct resources more strategically toward core pillars such as ApeChain, the Bored Ape Yacht Club (BAYC), and Otherside.
Solano described the DAO as a “bold experiment” that played a crucial role in ApeCoin’s early momentum, but argued it has since devolved into what he called “sluggish, noisy, and often unserious governance theater.” While he acknowledged that the DAO did successfully fund some valuable builders, he emphasized that too many resources have been misallocated to vanity projects with limited impact. In his words, “That stops now.”
The proposal recommends a full wind-down of the DAO’s governance framework and a transition of all assets and responsibilities to ApeCo. Under the new structure, tokenholders would no longer retain governance rights, and the DAO infrastructure — including voting systems, working groups, and election mechanisms — would be shut down. All remaining assets, including APE tokens, fiat or digital currency reserves, intellectual property, smart contracts, domains, and infrastructure, would be transferred to ApeCo.
The plan also includes the full funding of the ApeCoin staking contract with approximately 11.25 million APE, as previously approved. An additional 10 million APE would be reserved for legal obligations, executed AIP contracts, administrative overhead, and transition expenses. All prior AIPs would be nullified unless they are directly connected to ongoing obligations. Conflicting governance documents and contracts would also be overridden.
Solano positioned ApeCo as a more agile and accountable organization that would be better suited to deploying capital, supporting high-quality builders, and driving cultural relevance. He believes this transition will unlock faster product development, eliminate governance bottlenecks, and reignite long-term belief in ApeCoin’s role within the crypto space.
Importantly, the proposal does not request any new funds and would rely entirely on the existing treasury. The Executive Director of the Ape Foundation would be authorized to manage all legal, administrative, and technical actions necessary to complete the transition, including optimizing for tax efficiency where possible.
In closing, Solano stated that the DAO had served its purpose but that the community must now shift from experimentation to execution. “We’re building the best chain in crypto,” he said. “ApeCoin should be the economic engine for that future.”
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
