Staking ApeCoin [APE] on NFT pools could lead to BAYC loss, as per...
Staking ApeCoin became popular among the crypto community in December 2022. And the enticing rewards for NFT holders of assets linked with APE even grew the popularity. Notably, holders of BAYC get the largest share of rewards, and there is a dedicated pool for both.
But now that there is possible insecurity, participants might need to watch how they provide a maximum of 10,094 APE into the pools. However, information fromWhen compared with the other LPs, only the major ApeCoin pool had a higher number of tokens deposited into it. This implies that a good number of BAYC holders subscribed to be validators.showed that a lot of volume had entered the ApeCoin ecosystem lately. As of 8 April, the volume reached 104.29 million before its drawback.
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