vEmpire launches staking pool for ApeCoin

economictimes.indiatimes.com:

vEmpire DDAO has launched a staking pool for ApeCoin, with a triple digit starting yield. vEmpire is a Decentralized Metaverse, GameFi and NFT investment organization. ApeCoin, a latest crypto sensation, is a new ERC-20 governance and utility token used within the wider Ape ecosystem tht has itself experienced tremendous growth throughout the past year. Currently, the only use case for ApeCoin is for governance, enabling token holders to have a say in the ApeCoin DAO and to vote on how the ApeCoin DAO Ecosystem Fund should be used.

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However, by staking APE with vEmpire, investors can earn interest on their holdings while also being exposed to the token launch in 2022. The staking process enables investors to earn passive income. When an investor stakes APE, vEmpire will utilize investors' stake by purchasing other Ape-based assets and playing games within the Ape ecosystem, with assistance from vEmpire’s Gaming Guild. It enables investors to earn financial rewards on their Apecoin holdings in ways that it doesn’t have native functionality, said Dominic Ryder, Founder & CEO of vEmpire. This will help contribute to making investment in Metaverse assets more accessible, rewarding and productive, he added. «However, earning passive income on the ApeCoin before most others in the industry is what will attract investors the most.»