Tessera Announces ApeCoin Staking Vault, Chromie Squiggle Auction

Tessera Announces ApeCoin Staking Vault, Chromie Squiggle Auction
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Collective ownership platform Tessera announced the launch of an ApeCoin staking vault on Monday, with both the lack of a geo-filter and the ability to auto-compound yield providing alternative options to other $APE staking methods. 

The vault currently only serves the $APE-only pool, with the NFT-gated staking pools will be rolled out at a later date.

The auto-compounder feature allows users to automatically deploy rewards back into the pool, passively compounding earning. 

ApeStake.io is the official front-end interface from Horizen Labs, the blockchain technology company tasked with building out ApeCoin staking. The platform is currently geo-blocked in several countries (including the United States) due to regulatory concerns, forcing many users to seek out alternatives. 

Tessera also announced their second fractionalized vault coming Thursday, with a Chromie Squiggle from Snowfro up for purchase. 250 'raes', or NFTs that represent a share of ownership over the vaulted NFT, will be created and sold utilitizing a last price dutch auction format.

The previous vault, which featured CryptoPunk #4847, was bought out for 82 ETH by notable market-maker PunksOTC.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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