APE staking has been awaited by the NFT community for many months, after many delays, bans, and long delays to find bug bounty payment.
As of today, it has officially been launched, a few days earlier than expected.
According to Lookonchain, the APE ratios in the 4 staking pools are:
– ApeCoin (APE): 623,103.13 APE (22%);
– Ape (BAYC): 1,542,337.32 APE (54.45%);
– Mutant (MAYC): 535,844.77 APE (18.92%);
– Paired (BAKC): 131,196.2 APE (4.63%).
Looking at the 3 biggest stakers on the platform, we have:
– Staker 1: n0b0dy.eth participates in staking a total of 169,679 APE (665,141 USD);
– Staker 2: niftynaut.eth participated in staking a total of 131,632 APE (515,997 USD);
– Staker 3: alphaventures.eth participated in staking a total of 76,628 APE ($300,382).
APE had a positive reaction to this news, but not significant. Its price increased slightly and then dropped below its price level before the news. The plunge is partly due to being delayed, and due to the hesitation of the market before as too much big news was announced last month.
Previously, ApeCoin refused to offer staking products to North American users, following legal issues with Yuga Labs. This is also predictable because accumulating rewards products are always “a thorn in the eyes” of global regulators, besides lending.
Two months ago, the United States Securities and Exchange Commission (SEC) accused ApeCoin issuer Yuga Labs of providing illegal services in violation of federal securities laws. The SEC suspected that some typical NFTs such as Bored Ape Yacht Club (BAYC), as well as Apecoin, can be considered securities.
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