Press Release. INTERNET CITY, DUBAI, December 16, 2022 – LBank Exchange, a global digital asset trading platform, recently launched ApeCoin (APE) staking in the Earn – Flexible section. User can earn her APE tokens. Annual yield of 175% (adjusted for fluctuations), withdraw anytime without locking.
APE staking is the new trend
Recently, ApeCoin DAO (ApeDAO) established an official staking protocol for his ApeCoin (APE). APE, BAYC, MAYC, and BAKC holders can earn rewards through staking. APE can be staked alone or in combination with BAYC, MAYC, or BAKC in one of four staking pools, each offering different levels of rewards.
This protocol was proposed in AIP 21 and 22 and subsequently approved by the community on May 4, 2022. After approval, Ape Foundation asked Horizon Labs to provide a platform for the staking protocol according to the stipulated specifications. in AIP.
Staking is a popular way of earning passive income in the crypto space. The protocol basically allows an APE holder to stake idle tokens within various pools and earn additional rewards in the form of more of her APE to make it work. More than a simple staking pool, the protocol features multiple tiers of rewards for specific her NFT owners. These NFTs grant owners access to dedicated staking pools and act like keys to a safe deposit box.
According to recent data from dune.com, the protocol’s APE-only pool has reached her APR of a staggering 175%. Apparently, APE staking is the new trend. However, joining these staking pools requires meeting some requirements that are not easily met. For example, some pools require users to own and participate in her Yuga Labs official NFTs, and these NFTs cannot be sold while committed in her BAYC or MAYC pools. Otherwise, the user may lose all of her staked APEs.
Earn APE with LBank Exchange
To provide an alternative solution, LBank Exchange recently launched its own APE in the “Earn”-“Flexible” section. I started staking. Users can earn 175% of her APR (variation adjusted) just by joining and enjoy daily reward settlements. It is also “flexible” so no locks are required and users can withdraw her staked APE tokens at any time.
To join APE staking on LBank Exchange, clickEarn, find his APE in the list, and click Join Now. The minimum interest amount must be at least 6 APE tokens in the user’s account equity, and the maximum interest amount is unlimited. The settlement process includes interest calculation at T+1 and interest payment at T+2.
Follow the new trend in cryptocurrency and grab your chance to earn 175% APR with his APE staking on LBank Exchange now.
[Win] Click to Join
*For “APE Staking” It does not affect registered asset trading or withdrawals. However, assets that have been traded or withdrawn after registration will not be included in the interest calculation for that day. The difference will be released at 2:00 pm the next day.
* Freezing an asset due to participation in an order or activity does not affect interest calculation on the asset.
LBank is one of the top cryptocurrency exchanges established in 2015. We offer professional financial derivatives, professional wealth management services and secure cryptocurrency trading. user. The platform has more than 7 million users from his 210+ regions around the world. LBank is a cutting-edge growth platform that aims to ensure the integrity of users’ funds and contribute to the global adoption of cryptocurrencies.
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