Thread by @ysiu

1/ lots of discussion on @apecoin AIP-4 and 5 proposal snapshot.org/#/apecoin.ethI will aim to address what appears to be the immediate staking question and will aim to articulate these more formally on my medium and given urgency I thought I would share some initial clarification

2/ AIP-5 proposes 4 separate staking pools, each with a specific number of ApeCoin rewards. Though 3 of the pools are designed to only be available to #BAYC, #MAYC, and/or BAKC holders, reminder: only @apecoin tokens are ever technically staked, not the NFTs.

3/ If a BAYC ecosystem NFT holder wants to stake in pool 2, 3, or 4 they will need to pair the NFT with their ApeCoin to access the relevant staking pool. The NFT itself isn’t staked — it acts as the key to the “safety deposit box” holding the staked ApeCoin.

4/ @ApeCoin Staking Pool: 30,000,000
BAYC Staking Pool: 47,105,000
MAYC Staking Pool: 19,060,000
BAKC Staking Pool: 3,835,000 owning #NFTs means you have access to more Pools another key benefit of owning different #NFTs means you have more choices to optimize your stake reward

5/ The NFT holder retains the ability to trade the NFT, maintaining trade-ability is an important quality of @BoredApeYC and can be sold with or without this “key.” If you sell an NFT that is actively staking @ApeCoin, you are also selling the key to access the staked $APE

6/ To sell the NFT only, without the associated staked ApeCoin, the NFT seller should unstake the ApeCoin prior to listing the NFT more details can be found in the forum - please post questions in the thread below so I can consolidate and address them too

https://twitter.com/ysiu/status/1504208292385476611?s=20&t=29radIGpPQ7hX_28PriBWw

7/ To further clarify there is a max @apecoin cap per #NFT (pool 2, 3 and 4) but there is no cap on the @apecoin only staking pool (pool 1)