Kyle
Binance Announced A New “Ape NFT Staking Program." Find Out More
As the $Ape community prepares for the ApeCoin DAO’s staking system rewards to go live on December 12th, Binance announced a new way for Bored Ape and Mutant Ape holders to stake their NFTs.
On Tuesday, Binance took to Twitter and announced the company’s new “Ape NFT Staking Program.”
In the company’s blog post, Binance explained that BAYC and MAYC NFT holders will be able to deposit their NFTs via Binance’s “newly optimized deposit process" and receive daily $Ape daily rewards. Bored Ape and Mutant Ape holders will not need to stake any of their own $Ape tokens along with their NFTs to generate a daily $Ape return, based on the blog post.
“Users may choose to stake BAYC or MAYC NFTs for a Flexible Term or Fixed Term of 30, 60, or 90 days,” Binance wrote. “APE daily rewards are subject to the real-time APR displayed on the Ape NFT Staking Program page. Staking for Bored Ape Kennel Club (BAKC) NFTs will be available in the near future.”
Check out Binance’s new “Stake to Earn $APE” page here: https://www.binance.com/en/nft/ape-staking
