The proposal initiated by Polygon Labs to “Build ApeCoin using Polygon CDK” was not approved

The Snapshot page shows that the proposal on "Building ApeCoin using Polygon CDK" (AIP-368) initiated by Polygon Labs was not passed by the vote, with 65.5% of the votes against and 34.5% of the votes in favor. The proposal was co-initiated by Polygon Labs co-founder Sandeep Nailwal to promote the ApeCoin community and Polygon Labs to jointly build an exclusive L2 network, focusing on ease of use and modularity, as well as improving security, reducing fees, high customizability, and real-time Withdrawals and shared liquidity, etc., while also collaborating with the Polygon ecosystem. In addition, the proposal also proposes to establish an independent fund in the ApeCoin treasury to promote the development of ApeCoin-related projects and ApeChain-related public services.