The ApeCoin DAO in a tweet today announced the launch of a robust ApeCoin (APE) staking system in Autumn. The community is disappointed with the delay in the implementation of ApeCoin staking and criticized the APE Foundation for being less transparent regarding updates.
Moreover, the ApeCoin DAO has selected Horizen Labs to build and manage the staking system for the DAO. It’s the same company Yuga Labs partnered with in October 2021 to launch ApeCoin (APE).
ApeCoin DAO to Launch APE Staking in Autumn
APE Foundation in a press release on July 23 announced an update on progress regarding the ApeCoin (APE) staking system, which was passed under the AIP-21 and AIP-22 proposals in May. After a thorough evaluation of multiple responses, the Foundation has selected Horizen Labs to build and manage the APE staking system under the guidelines set under the proposals.
Moreover, the foundation believes the successful implementation of the staking system would take 12-16 weeks. The expected launch of staking will be in the Autumn, which specifically means in October or November.
“Staking is important for our community and something we need to get right. We anticipate that a robust staking system will be launched this Autumn.”
