Binance Limits Bored Ape Staking as Demand Soars

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Should you ever had doubts that individuals are desirous to unlock the ability of their NFTs, simply think about the response to Binance’s Bored Ape staking program. Final week, Binance rolled out a brand new program that allowed customers to stake sure belongings beneath the Yuga Labs umbrella in change for APE cash. 

Now, barely every week later, Binance has needed to restrict the variety of belongings {that a} single consumer can stake resulting from excessive demand.

Ape Holders Drive Demand

As per an official assertion from Binance on December 20, 2022, customers can solely stake a most of three Ape NFTs every. 

Ever because the program kicked off, Ape NFT holders flocked to stake their belongings and the APRs for the completely different staking intervals have even diminished because of this. Given the comparatively low threat of staking, it comes as no shock that so many shoppers need to lock their belongings. Sadly, they may now need to make do with solely 3 belongings staked at a time.

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