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GUSD Minting
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The ApeCoin community almost unanimously supports the dissolution of the DAO and the establishment of ApeCo.
The vote for the proposal AIP-596 to dissolve the ApeCoin DAO organization and establish a new entity named ApeCo has officially concluded with an overwhelming result: 99.66% in favor, only 0.32% against, and 0.01% abstained.
This proposal aims to restructure the entire ApeCoin ecosystem, transferring assets and responsibilities from the DAO to ApeCo — a legal entity established by Yuga Labs. The leadership of ApeCo is expected to include Cameron Kates, the current CEO of Ape Foundation, along with other members and the Banana Bill team.