Year two of the ApeCoin DAO’s three-year staking rewards is set to begin tomorrow with 50 million $APE to be distributed to stakers over the next year!
One year ago today, on December 11, 2023, the ApeCoin DAO’s staking contract went live. Since then, the DAO has distributed 100 million $APE across the protocol's four staking pools and is now set to distribute an additional 50 million coins to $APE stakers over the next year, according to the ApeCoin staking reward schedule in AIP 21 & AIP 22.
This 50 million $Ape will be distributed in quarters with the first 13,750,000 $Ape being distributed to stakers between December 12, 2023, and March 12, 2024.
During the first quarter of the DAO’s second year staking rewards, 4,125,000 $Ape will be distributed to the $Ape only Pool, 6,675,625 $Ape will be distributed to the BAYC Pool, 2542,375 $Ape will be distributed to the MAYC Pool, and 407,000 $Ape will be distributed to the BAKC Paired Pool, according to ApeCoin DAO Special Council Member Gerry.
As the Bored Ape Gazette previously reported, the DAO will distribute 175 million $Ape to stakers over the three-year lifespan of the staking protocol, as outlined in AIP 21 and AIP 22.