TechFlow news, according to the official blog, starting from 21:00 on June 21st, Beijing time, the Binance NFT platform will support using Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs staked in the Ape NFT Staking Program as collateral for NFT loans.
Binance NFT users can gain greater flexibility in the following two ways:
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Users holding BAYC and MAYC NFTs as collateral in NFT loans can now stake their existing BAYC and MAYC NFTs through the Ape NFT Staking Program to earn daily ApeCoin (APE) rewards;
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Users who have already staked BAYC or MAYC NFTs in the Ape NFT Staking Program can now also apply for NFT loans to gain additional liquidity.
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