Tessera Announces ApeCoin Staking Vault, Chromie Squiggle Auction
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.
Happy $APE Staking Day!— andy (@andy8052) December 12, 2022
I am excited to announce @tessera's entrance to the world of Yuga with our ERC4626 compliant $APE vault
With our vault you can deposit your ape and passively compound
Our auto compounding vault takes the staking APY from 197% to 613%
Here is how 👇
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.