According to TechFlow, the Snapshot page shows that ApeCoin DAO passed the proposal to "disband four non-essential working groups" with a high support rate of 98.02% on October 17, including governance, market and communication, metaverse, and Web3 development.
The proposal points out that the four working groups cost the DAO nearly $3 million per year, but their tasks are performed inefficiently. At the same time, the ApeCoin Foundation's funds are rapidly decreasing. In order to alleviate financial pressure, the proposal suggests outsourcing related functions to a third-party team.
Specific measures include:
The four working groups mentioned above should be disbanded immediately and all outstanding amounts owed to the affected managers should be paid.
A third-party team that meets the transparency and accountability standards will be recruited through a request for proposal (RFP) process to take over the functions of the original working group.
Prevents DAOs from creating new DAO-funded working groups under existing charters.
The ApeCoin Foundation will manage and coordinate the third-party team selected through the RFP to ensure that they fulfill their responsibilities and achieve specific key performance indicators (KPIs) and objectives and key results (OKRs).