NFT lending protocol BendDAO announced the launch of Ape Staking, allowing users who hold assets in the Yuga Labs ecosystem to earn yields via staking.
BAYC, MAYC, boundBAYC, and boundMAYC holders can list their NFTs on BendDAO and pair with $APE or BAKC to start staking. Staking can be canceled at anytime. While participating in staking, users can also continue to borrow from the lending pool.