The Ape NFT Staking Program on Binance NFT is open to users who possess NFTs within the Bored Apes ecosystem. You can stake Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) in multiple pools to earn daily ApeCoin payouts (APE). Please be advised that Bored Ape Kennel Club (BAKC) stakes will soon be available.
How do I wager my Ape NFTs in order to gain rewards?
Before you may stake your Ape NFTs to gain rewards, you must first deposit them to your Binance account.
A step-by-step guide
- Sign into your Binance account and navigate to the Ape NFT Staking Program page.
- Select the NFT you wish to bet on and click [Bet Now].
- Next, choose the stake period:
Flexible; 30 Day Fixed Term; 60 Day Fixed Term; or 90 Day Fixed Term
Daily adjustments may be made to the APR and daily prizes stated on the Ape NFT Staking Program page. For additional information, please consult the NFT Staking Terms.
4.Select the NFT(s) you wish to wager on. You may choose no more than 30 NFTs.
- Read the Binance NFT Staking Terms and accept them by clicking [Confirm].
- You have successfully staked your Ape non-fungible tokens and will begin earning rewards the following day.
- During the staking process, if you choose to cancel your staking request, navigate to the Ape NFT Staking Program page and click [Cancel].
Staking In Progress: You may cancel your staking request by clicking [Cancel] before the rewards settlement period (00:00 UTC each day). Your NFTs will not be staked on the blockchain. Staking: After the awards settlement time (00:00 UTC each day), your NFT will be staked successfully on-chain, and the [Cancel] button will no longer be available. To redeem staked NFTs, click the [Unstake] button. For additional information on how to unstake your NFTs, please refer to questions 3 and 4.
Click [Confirm] on the [Cancel Staking] pop – up message.
Please note that the blockchain may take up to 48 hours to process your request. After completion, your Ape NFT will be restored to your account.
How are daily staking incentives calculated, and when will I begin to earn them?
After staking your Ape NFT(s), your staking request will be handled the following day at 00:00 (UTC) and completed. Consequently, you will begin to collect daily prizes on the following day, and the awards will be paid to your Spot Wallet on the third day. You will not receive a daily incentive on your first day of staking. The daily awards settlement time is at 00:00 (UTC) every day. Everyday prizes will be delivered to your Spot Wallet daily between 00:00 (UTC) and 08:00 UTC after each award calculation day. For additional information, please consult the NFT Staking Terms.
- How is the APR determined?
APR Calculation = Daily Rewards Each User Received (APE) * 365 * APE price (BUSD) / NFT Collection Floor Price (BUSD) of the Respective Ape NFT Staked
Please note that the APR and daily prizes mentioned on the page for the Ape NFT Staking Program are subject to daily modification. For additional information, please consult the NFT Staking Terms.
- Why does the interest calculated using the APR differ from the interest I actually received?
As a result of fluctuations in the floor price of Ape NFTs and the APE price, the incentive interest computations may vary. As a result, there may be instances in which the floor price of the Ape NFT and the computed APR do not correspond to the real interest earned, resulting in variances in the APR and daily rewards delivered to your Spot Wallet.
- What are the regulations for staking and unstaking?
If you chose the [Flexible] staking term or your initial fixed staking term has expired, you may unstake and redeem your committed NFT assets, and your NFT will be unstaked within 48 hours.
If you redeem your NFT before to the conclusion of the [Fixed] staking term, it will be unstaked within seven days.
On the day you confirm your unstaking request, your rewards for that day are computed until the rewards settlement time (00:00 UTC every day). Your unstaking request will then be submitted on-chain, and you will no longer earn incentives during the unstaking procedure (up to 48 hours for flexible terms and 7 days for fixed terms).
The unstaking procedure for your NFTs may be delayed under certain conditions, including as strong market volatility, network problems, or a large number of simultaneous instructions to unstake and redeem NFTs from other Binance users.
You may cancel your staking or unstaking request prior to the rewards settlement time (every day at 00:00 UTC) and your NFT will not be submitted on-chain to be staked or unstaked.
- How do I withdraw my NFT?
- Navigate to the page for the Ape NFT Staking Program and scroll down to [NFT]. To unstake an NFT, click [Unstake] next to the NFT you wish to unstake.
- Click [Confirm] on the pop-up box if your staking term is [Flexible].
Please be aware that it normally takes 48 hours to unstake your [Flexible] term staking non-fungible tokens.
Your redemption may be delayed under certain conditions, including but not limited to excessive market volatility, network issues, or a large number of simultaneous redemption instructions provided by other Binance users.
If there are more than seven days remaining on your fixed staking term, the following window will appear. Click [Confirm].
If there are less than seven days remaining in your fixed staking term, the following window will appear. Click [OK] to continue.
Please note that unstaking your NFTs normally requires seven days.
If your fixed staking term ends within seven days, we recommend that you do not file an unstaking request, as doing so could unnecessarily extend your redemption period.
If you change your mind, you can shut the pop-up window by clicking [Cancel].
If you choose to proceed with the unstaking request, you will be forwarded to the webpage for staking. Your NFT’s status will transition from [Staked] to [Unstaking. In Progress].
To cancel your request to unstake, click [Cancel] and then [Confirm] on the [Cancel Unstaking] pop-up. Your NFT will continue to stake on-chain, and staking incentives can be earned.
How do I monitor the status of my non-financial transfers?
The status of your staked NFTs will be published on the website dedicated to the Ape NFT Staking Program.
These are some of the NFT statuses you may encounter:
Your NFT is currently being staked on-chain and earning staking rewards. Daily rewards are automatically added to your Spot Wallet. During the Staking In procedure, you will not receive any rewards. The status will change to [Staking] at the end of the day’s rewards settlement period (00:00 UTC every day). If you cancel the staking request before the daily rewards settlement time, your NFT will be refunded to your account.
On the day you confirm your unstaking request, your rewards for that day will be calculated until the rewards settlement time (00:00 UTC every day). The NFT will be unlocked and refunded to your account within 48 hours (for flexible terms) or seven days after the rewards settlement time (for fixed terms). If you cancel the unstaking request prior to the daily rewards settlement time, the request will not be completed, and the NFT status will revert to [Staking]. This indicates that your NFT will continue to stake on-chain and you will continue to receive staking incentives.
How can I keep track of the daily NFT prizes I earn?
Daily stake rewards are automatically deposited into your Spot Wallet. There is no requirement to claim your rewards.
Under [My Total Rewards], you can examine the daily rewards obtained through the Ape NFT Staking Program.
For a more detailed daily reward breakdown, scroll down to [History].
Can I list or sell my staked NFT after it has been staked?
No. You must unstake and redeem your NFT prior to advertising it on a marketplace.
How do I purchase Ape NFTs?
Sign in to your Binance account and navigate to the Binance NFT page. Once you locate a desirable Ape NFT, there are two ways to acquire it.
Quick payment:
- On the Binance NFT marketplace, click [Buy Now] next to the desired NFT.
You will be redirected to the page for the NFT collection. Select the NFT you wish to purchase and click [Buy Now] on its asset card.
The item’s specifics, including price, gas fee, and royalty fee, will appear in a [Confirm Payment] pop-up. Select the payment currency and payment method (Spot or Funding Wallet). Currently, BNB, BUSD, and ETH are supported. Click [Confirm] to continue.
Once you’ve successfully purchased the NFT, you’ll see a [Payment Successful] pop-up.
