The ApeCoin DAO Is Set To Distribute 12.5M $Ape To Stakers Over The Next 90 Days! Find Out More:

The third quarter of the ApeCoin DAO’s year-two staking rewards began today with another 12.5 million $Ape, or $14,250,000 USD, set to be distributed across the four staking pools over the next 90 days!

Mutant Monday was insane in the $Ape ecosystem today as the ApeCoin DAO wrapped up last quarter's Ape distributions and began giving stakers their share of the program’s third-quarter rewards.

 

During this third quarter, 3,750,000 $Ape will be distributed to the $Ape only Pool, 6,068,750 $Ape will be distributed to the BAYC Pool, 2,311,250 $Ape will be distributed to the MAYC Pool, and 370,000 $Ape will be distributed to the BAKC Paired Pool, according to a previous post from former ApeCoin DAO Special Council Member Gerry.

As the Bored Ape Gazette previously reported, the DAO is distributing 175 million $Ape to stakers over the three-year lifespan of the staking protocol, with 50 million coins being disbursed throughout the program’s second year, as outlined in AIP 21 and AIP 22.

The fourth quarter of the ApeCoin DAO’s second year staking program is set to begin on or around September 8, 2024.

To find out more about staking, check out the Gazette’s previous report on the various ways $Ape holders can stake their coins: https://www.theboredapegazette.com/post/staking-time-here-are-five-of-the-most-popular-way-s-users-are-staking-their-ape

The Bored Ape Gazette will continue to follow the ApeCoin DAO’s staking protocol. Stay tuned for updates!