The ApeCoin market goes live on Pendle

As of this very moment, the ApeCoin market is positioned live on the Pendle. Due to this, from here on, the $APE becomes available at a massive discount, amounting to a full 50%. In turn, one can farm the $APE pool rewards at a good 387% APY, or maybe just that much more.

In the case of the uninitiated, ApeCoin happens to be an Ethereum-oriented token, which comes under the governance of ApeCoin DAO. However, this, in turn, happens to be a decentralized autonomous organization, which has the prime responsibility of deciding on all factors related to issues based on ecosystem fund distributions, rules laid down about governance-based activities, the various relevant projects, in the case of forging of partnerships, and many such others.

It is also a known and accepted fact that all who happen to be the possessors of APE duly and automatically become entitled to be members of ApeCoin DAO. 

In the case scenario of the ApeCoin DAO members, they collectively take a call and make their decisions regarding issues related to guiding and monitoring the growth in the ecosystem. The further functions extend to aspects connected with the general distribution system related to all funding.

The members are also responsible for all related activities, from formulating relevant rules to ensuring just how they are being implemented on the ground. The involvement also extends to the identification of carrying out lucrative partnerships, along with deciding on feasible projects to hone in on.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button
Bitcoin (BTC) $ 65,122.45
Ethereum (ETH) $ 3,539.56
Tether (USDT) $ 0.999514
BNB (BNB) $ 597.29
Solana (SOL) $ 138.01
XRP (XRP) $ 0.493708
Dogecoin (DOGE) $ 0.124184
Cardano (ADA) $ 0.385855