Yuga Labs Proposes Scrapping ApeCoin DAO, Launching ApeCo

Yuga Labs CEO Greg Solano filed an Ape Improvement Proposal titled “Sunsetting the DAO and Launching ApeCo” in a pitch to wind down the two-year-old decentralized autonomous organization and pass its assets to a new entity to "supercharge the APE ecosystem.”Solano called the DAO “sluggish, noisy, and often unserious governance theater” that funds “vanity proposals and low-impact initiatives.”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. Under the plan, ApeCo would first top up the staking contract with 11 source: https://www.coindesk.com/markets/2025/06/06/yuga-labs-proposes-scrapping-apecoin-dao-launching-apeco