vEmpire just announced their new ApeCoin staking pool, with a potential of a triple yield APR and no lock-up requirements. Basically, stakers will get rewards in both vEmpire’s $VEMP tokens and also $ApeCoin itself. Currently, rewards will be paid out only in $VEMP, at least until the secondary yield becomes active. Owners that stake their holdings before 6 April 2022 will also be on the whitelist for the company’s Plebeian Council NFT drop.
ApeCoin holders do not have much utility besides governance. Hence, this platform allows long-term owners to earn some rewards in the meantime. Besides getting passive income in the form of $VEMP, it also brings owners into the vEmpire metaverse.
vEmpire DDAO is a decentralized metaverse investment organization. They focus on incorporating different strategies to incentivize metaverse token staking, such as ETH, MANA, SAND, etc. Owners get relatively high APRs through this staking protocol. For instance, staking MANA will give stakers a combined APR of 40.57% at the time of writing. Therefore, if you are willing to part ways with your holdings for at least 6-12 months, this may be an option.
vEmpire’s total value locked is currently $17,438,048.19 across all pools. Aside from staking, the company is also developing its gaming guild to complement the staking process. This will be helpful when the company uses ApeCoin to buy Ape-based assets and play games within the Ape ecosystem. The gaming guild will recruit players to join their metaverse scholarship where scholars will receive financial rewards for playing the P2E games.
The company is envisioning great things to come, with the support of its various partners in the space such as Polygon, Chainlink, Unicrypt, and others.