STAKING POOLS: Find Out More About The Four ApeCoin DAO's Staking Pools:
Horizen Labs, the company tasked with building the ApeCoin DAO’s staking system, broke down the protocol’s four staking pools in a new video earlier today.
As the ApeCoin Dao prepares for staking to go live this December, Horizen Labs released a new video walk-thru where the company explained the four staking pools.
The first pool is the “ApeCoin Pool.” This pool does not require the user to hold an NFT and any $Ape holder can commit as much $Ape as they want to this pool.
The second pool is the “BAYC Pool.” This pool requires the user to hold a Bored Ape to stake in it. In the BAYC Pool, users are allowed to commit up to 10,094 $Ape per Bored Ape they hold.
The third pool is the “MAYC Pool.” This pool requires the user to hold a Mutant Ape to stake in it. In the MAYC Pool, users are allowed to commit up to 2,042 $Ape per Mutant Ape they hold.
The fourth and final pool is the “Paired Pool.” This pool is different from the BAYC and MAYC pools because users not only need to own a Bored Ape Kennel Club Dog, but they also need to own a Bored Ape or Mutant Ape. Users who own a Bored Ape/ Mutant Ape and a BAKC Dog can commit up to 856 $Ape per pair they own.
Note, an important aspect of the staking pools is that they are independent from one another, according to Horizen Labs. This means that users can use their Bored Ape to stake in the BAYC Pool and also use that same Bored Ape with a BAKC Dog to stake in the Paired Pool.
The Bored Ape Gazette is working to break down the entire Horizen video. Stay tuned for updates. In the meantime, You can watch the full video here: