Thread by @Nyxeros_

Apecoin staking is on track to launch this fall! I've put together an @apecoin staking 101 so we can all be ready when it launches! This will be a long one so let's kick it off with a TL;DR 👇 @BoredApeYC #bayc #mayc

TL;DR
You can stake any amount of $ape in the ape-only pool or a capped amount in the BAYC, MAYC, or B/MAYC + BAKC pools. Your NFT will not be locked, just the staked $ape. You will want to stake your full cap within the first 91 days. You can claim accrued $ape at any time.

Overview 👁️
$Ape staking will occur over a 3-year period, distribute 17.5% of the total $ape supply, and will be different than most staking we've seen. Rather than "locking up" your NFT, you only lock up your staked $ape. Your NFT then acts as the key to your staked $ape.

This gives the huge benefit of allowing you to maintain access and control of your NFT. You can continue to use it for merch drops, events, @OthersideMeta trips, things like @10KTFshop missions, and anything else, all while it's accruing $ape.

However, this also means you need to be extra vigilant. If you sell or lose your NFT, the new owner now owns any accrued or staked $ape. Get a hardware wallet and keep your phrases safe.

Pools 🌊
Not only does your NFT act as a key to your staked ape, but it also acts as your key to accessing the different staking pools. There will be 4 pools you can get access to based on the NFT you use to stake. A BAYC, MAYC, BAKC, and an $ape-only pool.

The BAKC pool cannot be accessed by holding a BAKC alone, it must be paired with either a BAYC or MAYC. Additionally, each B/MAYC may only have one paired BAKC.

Each pool contains a portion of the total 100,000,000 $ape being released in the first year. The ApeCoin pool can be accessed by anyone with $ape.

ApeCoin Pool: 30,000,000 (30%)
BAYC Pool: 47,105,000 (47.1%)
MAYC Pool: 19,060,000 (19.06%)
BAKC Pool: 3,835,000 (3.83%)

These totals will be readjusted based on floor prices before each staking period (year). An average price during Q4 of the previous staking period will determine the amount allocated to each of the pools in the next period. The $ape-only pool will remain constant at 30%.

Caps 🧢
As mentioned previously, the NFT-specific pools will have caps on the total $ape you may stake equalling the amount that NFT received from the initial $ape claim. The $ape-only pool has no caps.

BAYC Cap: 10,094 ApeCoin
MAYC Cap: 2,042 ApeCoin
BAKC Cap: 856 ApeCoin

These caps were added to encourage equal distribution within the NFT pools. Everyone is on more equal footing, only able to stake a specific amount. Without this, your allocation of the rewards would dwindle as large holders staked more and more $ape into the pools.

Distribution Curve ⤵️
Because of the "Incentive Distribution Curve" the earlier you stake each period the better. You will earn the most if you stake within the first 91 days of each staking period.

As far as I can tell, you will NOT be able to increase your initial staking position. You will have to end your stake and restart if you wish to increase. If you need to do so, try to as early as possible in order to keep your higher distribution reward.

Returns 💎
Here is a good dashboard for seeing a rough estimate of returns in the first 91 days for each pool. Keep in mind these will change as people accrue/move $ape prior to staking.
dune.com/lileddie_eth/A…

Tips 🦍
You may claim any accrued $ape at any point without ending your initial stake. It may be a good idea to claim periodically to re-stake in the $ape-only pool.

If selling your NFT, make sure to either price in the staked $ape (Including the value attributed to having an early stake if later in the staking period) or claim/unstake beforehand.

Staked $ape can be used to vote! Make sure to participate in the ApeCoin DAO.

Recent votes have seen ecosystem allocations going to @BoredApeGazette for an ApeCoin-sponsored news site and @BoringSecDAO to provide security education.

snapshot.org/#/apecoin.eth

Because you must end a stake to increase the amount of $ape staked, make sure to either stake your full cap upfront or "top up" as early as you can. This will ensure your staking position has the highest return possible.

All of this info and more can be found in the official staking AIPs 21 and 22.

forum.apecoin.com/t/aip-21-staki…
forum.apecoin.com/t/aip-22-staki…

If you made it this far, thank you, and I wish you the best of luck with staking! Let me know what I missed and leave your questions or tips below!