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  • Writer's pictureKyle

STAKING TIME: Here Are Five Of The Most Popular Way's Users Are Staking Their $Ape

It’s staking eve at the Swamp and many Yuga Labs community members are getting set to stake their $Ape!

The ApeCoin DAO’s highly anticipated $Ape staking system is set to go live tomorrow and every $Ape holder is trying to stake their $Ape to get a piece of the staking rewards pie.

The $Ape community has many options when it comes to staking their $Ape ranging from the ApeStake user interface made by Horizen Labs to staking directly through the contract.

In this article, the Bored Ape Gazette will highlight some of the most popular ways that $Ape holders have staked their coins.

The Bored Ape Gazette does not endorse any of these staking options and highly encourages every $Ape holder to do their own research! With that said, lets ape into $Ape staking:

1. Apestake

ApeStake.Io is an ApeCoin staking user interface that was built by Horizen Labs.

The downside to ApeStake is that users from several countries have been geoblocked, including the United States.

“Please not that will be available to users in most countries; however users in the following countries or regions will be geoblocked: United States, Canada, North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk,” Hozien Labs posted on November 23rd. “We are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today’s regulatory environment, we had no good alternative.”

Users who would like to use this option can do so by going to the ApeStake website:

2. Binance

Earlier this week, cryptocurrency exchange, Binance, announced its 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.

Check out Binance’s new “Stake to Earn $APE” page here:

3. Bend DAO

Earlier this week Bend DAO, a decentralized peer-to-pool based NFT liquidity protocol, announced that it would host $Ape staking.

“BendApeStaking officially goes live on #BendDAO,” the company tweeted on December 6th.”Anyone holding Yuga assets is able to join the #ApeCoin Staking via BendDAO. #BAYC #MAYC $ApeCoin #BAKC Best Yield Opportunities Unstake Anytime Let’s go pairing”

Users who are interested in checking out Bend Dao's platform can find out more here:

4. ParaSpace

ParaSpace, a cross- margin universal lending protocol, recently announced that it would be hosting $Ape staking.

“ $APE Staking features are live on ParaSpace’s testnet site for users to demo! Features: Pair #BAYC/#MAYC + $APE from wallet and/or borrow from $APE coin pool Supply $APE to earn yield Plus all benefits of ParaSpace v1.”

Users who would like to find out more about ParaSpace' ApeCoin staking can check out its website here:

5. Staking via Etherscan

Another popular staking option that some $Ape holders have gone with is staking through the contract via Etherscan.

To help the $Ape community stake through the contract, two well-known Bored Ape Yacht Club members made step by step guides on staking through Etherscan.

You can check out BAYC member 0xQuit’s and BAYC member Gerry’s posts below:

The Bored Ape Gazette will continue to follow the various staking options and will keep you posted on all things $Ape! Stay tuned for updates!

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