ApeStake

ApeStake is the official staking platform for ApeCoin ($APE) and Bored Ape Yacht Club (BAYC) NFTs, established by the ApeCoin DAO to enable holders to earn staking rewards. It supports four distinct staking pools: the ApeCoin-only pool, BAYC pool, Mutant Ape Yacht Club (MAYC) pool, and the Paired Bored Ape Kennel Club (BAKC) pool. Each pool offers different reward allocations and staking limits based on the type of asset staked. ApeStake allows users to stake $APE tokens alone or in combination with specific NFTs, unlocking higher reward tiers for NFT holders. The protocol was launched following community approval in 2022 and developed by Horizen Labs according to Ape Improvement Proposals (AIPs) 21 and 22.

The platform is accessible via any desktop browser with MetaMask or WalletConnect integration, and on mobile through the MetaMask app browser. ApeStake does not impose lock-up periods, allowing users to add or withdraw stakes at any time, providing flexibility uncommon in many staking protocols. Standard Ethereum gas fees apply for transactions, including the necessary ERC-20 token approval to allow the staking contract to transfer $APE tokens on the user's behalf.

ApeStake distinguishes itself by integrating NFT ownership into its staking model, effectively using NFTs as keys to unlock exclusive staking pools with higher rewards. The platform also offers Market Tools that enable users to check staking positions of BAYC, MAYC, and BAKC NFTs, view staked amounts, and send $APE tokens to existing staking positions. This transparency and utility support active community engagement and secondary market activity around staked assets. Developers and product teams can get started by connecting their wallets through MetaMask or WalletConnect and selecting the appropriate staking pool based on their holdings.