How does staking $Ape work?

When staking $APE, users will have to decide which pool to allocate their holding. To begin, there are four primary staking pools, accessible to those with either BAYC (or related) NFTs $APE tokens. Within the first year of staking, 100 million $APE will be released across staking pools as rewards.

What is apestake Io?

ApeStake.io allows holders of $APE to put their idle tokens to work by staking them within various pools and earning additional rewards in the form of more $APE. ApeStake.io is more than just a simple staking protocol. It has the distinction of offering layers of rewards for holders of certain NFTs.

Do I need $ape to stake apecoin?

It might as well be noted that whether you stake an NFT or just straight-up ApeCoin, you’ll need $APE to engage with the staking system. The initial staking period will feature the following staking caps and future period caps will be voted upon by the ApeCoin DAO.

How much ape will be released in the first year of staking?

Within the first year of staking, 100 million $APE will be released across staking pools as rewards. Here’s what that looks like divided up: While staking $APE directly is relatively straightforward, those hoping to stake their BAYC or related NFTs will need to take part in a commitment process beforehand.