APE Governance Forum Proposal

Ooki DAO released a protocol update on May 13, 2022 which enabled APE/ETH margin trading, borrowing and lending on Ooki.com. Ooki is the first and only truly decentralized, DAO governed margin trading, borrowing, and lending trading platform to offer APE as both collateral for borrowing, lending, and also margin trading in a single DeFi app.

In order to further deepen the APE and Ooki communities, Ooki DAO has posted a forum proposal in the APE forum to incentivize liquidity for APE lending pairs on Ooki. Ooki community member in favor of seeing Ooki liquidity incentives added to APE pairs on Ooki should make their voices heard in the APE forums.

To improve the user experience of APE lenders and borrowers, we believe that the Apecoin community would benefit from additional liquidity incentives on Ooki. This proposal would allocate APE treasury towards incentivizing APE holders to lend out and borrow APE on Ooki.

For APE token holders, Ooki offers an excellent opportunity to borrow or lend out APE holdings. For users who aren't familiar with how this works. Instead of leaving APE sitting idly, APE lenders can lend and earn up to 16% interest on Ooki!

For APE borrowers, APE can be used as collateral in order to borrow a stablecoin. A simple example strategy would consist of using APE as collateral on Ooki, then borrowing a stablecoin against it to generate yield from stable farming.

Summary of Benefits for the APE token & community:

• Yield on passive APE holdings.
• APE as collateral.
• APE enabled borrowing, lending, and use as collateral for stablecoin loans.

Benefits for APE lenders and borrowers:

• Earn interest and generate yield on APE otherwise sitting idly in your wallet.
• Use APE as collateral for stablecoin borrowing, which can then be used to farm and generate yield.