Decentralized Metaverse vEmpire Launches Staking Pool For ApeCoin

Decentralized Metaverse, GameFi and NFT investment organization vEmpire DDAO has announced the launch of a staking pool for the ApeCoin, with a triple-digit starting yield. By staking $APE with vEmpire, investors can earn interest on their holdings, the company said in a statement released Thursday.

ApeCoin has become the latest crypto sensation and is a new ERC-20 governance and utility token used within the wider Ape ecosystem that has itself experienced tremendous growth throughout the past year.

As of now, ApeCoin is only used for governance, enabling the token holders to have a say in the ApeCoin DAO and to vote on how the ApeCoin DAO Ecosystem Fund should be used.

"When an investor stakes $APE, vEmpire will utilize the investors stake by purchasing other Ape-based assets and playing games within the Ape ecosystem, with assistance from vEmpire’s Gaming Guild," the statement read.

This will make investors' $APE holdings productive, enabling them to earn passive income, which is not yet natively possible, the company said.

Dominic Ryder, Founder & CEO of vEmpire said, "Enabling our community to stake $APE is something that we believe will be groundbreaking. It enables investors to earn financial rewards on their $APE holdings in ways that even ApeCoin doesn’t have native functionality for. This will help contribute to making investment in Metaverse assets more accessible, rewarding and productive. However, being able to earn passive income on the ApeCoin before most others in the industry is what we believe will attract investors the most."

"vEmpire is committed to offering the best investment opportunities to not only our community, but the wider Metaverse & NFT communities too. This is just one of many more exciting staking pools coming this year,” he added.