ApeStaking Migration to ApeChain Now Live
ApeStaking Migration to ApeChain Now Live
🦍 Your Apes Need Moving
Important Update for Ape Stakers: All ApeStaking operations have been transferred to ApeChain. Users must migrate their staking positions to continue earning $APE rewards.
Key Points:
- Migration required for continued rewards
- Available for BAYC/MAYC/BAKC holders
- Higher APY rates offered
- Auto-compounding feature supported
Migrate your positions at ApeChain by BendDAO
Action Required: Transfer your staking positions now to maintain rewards
🚨 Attention Ape Stakers! All ApeStaking has officially moved to #ApeChain 🦍⛓️ To keep earning your $APE rewards, make sure to migrate your staking positions now! Highest staking APYs — stake smarter on BendDAO. apechain.benddao.xyz #ApeStaking #BAYC #MAYC #BAKC #BendDAO
BendDAO ETH Lending Pool Update
The ETH lending pool utilization on BendDAO has shown significant improvement, dropping from 92.68% to 68.61% over the past week. This decrease indicates recovering liquidity in the protocol. - Current utilization rate: 68.61% - Previous rate: 92.68% - Interest rates remain elevated *Recommendation for borrowers*: Consider repaying outstanding loans while the pool shows improved liquidity conditions. The steady recovery suggests growing stability in the lending protocol's operations.
BendDAO Pools Hit Capacity with High Interest Rates
BendDAO lending pools have reached maximum capacity, pushing interest rates to significant levels - 164% for ETH and 92% for USDT. The protocol faces a $465k mark-to-market loss due to Azuki price fluctuations, though this remains well below the DAO treasury's $1.5M valuation. - Current rates: - ETH: 164% - USDT: 92% *Key Development*: DAO Treasury plans to begin bidding on affected assets in the near term. **Market Impact**: Despite losses, protocol maintains strong treasury position with 3x coverage of current mark-to-market deficit.
BendDAO Launches ApeCoin Staking with Auto-Compounding Features
BendDAO has introduced a new staking service for BAYC, MAYC, and BAKC NFT holders to earn ApeCoin rewards. Key features include: - Single NFT staking support - Auto-compounding yield mechanism - No liquidation risk for pure staking - Second largest ApeCoin staking pool after ApeStake.io - Dual yield opportunities with BendDAO V2 Platform is now live at BendDAO's website, offering a streamlined way to generate passive income from Ape NFT holdings. Visit v1.benddao.xyz/ape-staking to start earning rewards.