Kyle
STAKING TIMELINE: The ApeCoin Community Got An Update On When Staking Will Begin
After the ApeCoin DAO passed an Ape Improvement Proposal to create and fund a staking bug bounty program, the community got an updated timeline for the DAO’s highly anticipated staking system launch.
On Wednesday Horizen Labs, the company that built the ApeCoin DAO’s staking system held a Twitter space with the Cartan Group’s Brandon Caruana. During the Twitter space, Horizen Labs Co-Founder and ApeCoin DAO Special Council Member Dean Steinbeck informed the community of the current $Ape staking timeline.
Steinbeck said that Horizen Labs is set to deploy the $Ape staking system on November 28th if the bug bounty program does not find any major issues.
After the staking system is deployed on November 28th, Steinbeck said that $Ape holders will have two weeks to commit their $Ape to the staking contract before awards begin.
As the Bored Ape Gazette previously reported, the ApeCoin DAO’s staking system will consist of four different $Ape pools.
