ApeCoin Staking Migration to ApeChain Announced
ApeCoin Staking Migration to ApeChain Announced
馃惖 Your APE Needs a New Home
ApeCoin is sunsetting its mainnet staking operations as part of a planned migration to ApeChain. Key updates:
- All staking positions will be automatically freed for migration
- New staking system on ApeChain will support Shadow NFTs
- Migration deadline: April 15, 2025
- Users must move $APE to ApeChain and re-stake to continue earning rewards
- BAYC/MAYC/BAKC Shadows will be supported
Action Required: Prepare to migrate your staked $APE to continue earning rewards on ApeChain.
馃摚 As we sunset Ape Staking on mainnet, all staking positions will be freed so that users may migrate to ApeChain! We鈥檙e working closely with the @apecoin team developing an Ape Staking system on ApeChain including support for Shadow NFTs. Turn notifications on for updates馃敂
ApeCoin NFT staking is migrating to ApeChain on April 15, 2025. If you want to keep accruing rewards you will need to move your $APE to ApeChain and re-stake on the new staking site. BAYC/MAYC/BAKC Shadows will be utilized. Stay tuned for more info
馃惂 Pudgy Penguins Holder Borrows $10K Against NFT
A Pudgy Penguins holder borrowed **9,969 USDC** against their NFT #1851 through Cyan's lending platform. This follows a pattern of active NFT utilization, with previous loans including: - 13,651 USDC against Pudgy Penguins #5503 - 4.79 ETH against Pudgy Penguins #7054 **Key developments:** - Cyan now offers loans on Hypurr NFTs from Hyperliquid - Borrowers keep all airdrops and rewards - BNPL for Hyperliquid NFTs launching soon The platform encourages NFT holders to **unlock liquidity** without selling their assets, turning idle collections into working capital.
Cyan Wallet Launches NFT Lending with Airdrop Retention
**Cyan Wallet** introduces NFT-backed lending while preserving users' airdrop and reward eligibility. **Key Features:** - Borrow against NFT collections without losing potential airdrops - Seamless integration with existing lending platform - **Seven independent security audits** backing the platform **Security & Trust:** - Operating since 2023 with established user base - Focus on both security and user experience - Comprehensive audit coverage for asset protection The wallet targets NFT holders seeking liquidity without sacrificing future reward opportunities in the evolving digital asset space.
Bored Ape Owner Secures $12,470 USDC Loan Through Cyan Protocol
A Bored Ape Yacht Club NFT holder used their **#7334 Ape as collateral** to secure a $12,470 USDC loan through Cyan's lending protocol. This represents a slight increase from the previous week's largest loan of $11,474 USDC against Ape #2600. **Key highlights:** - Cyan enables NFT owners to unlock liquidity from their digital assets - Users can generate income from their NFT holdings rather than simply holding them - The protocol provides financing options specifically designed for the NFT market The trend shows consistent demand for **NFT-backed lending**, with Bored Ape holders actively leveraging their assets for capital access.
Cyan Protocol Joins TrueFi Ecosystem
Cyan, a Buy Now Pay Later service for NFTs, has been integrated into the TrueFi ecosystem during Q2. This strategic merger aims to enhance product development capabilities. - Integration completed in Q2 2025 - Focus remains on product excellence - Community call scheduled for Wednesday at 6pm UTC *Join the @TrueFiDAO report call* to learn more about this integration and future developments.