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TechFlow reports that the ApeCoin DAO community has proposed staking 2.5 million APE tokens into the Cyan ApeCoin Stake vault within the DeFi protocol Cyan, lasting until the stake release period, at which point all APE tokens will be returned to the DAO treasury, while Cyan will share 50% of the staking revenue with the DAO.
The proposal will conclude on April 4 at 9:00 a.m., and currently, the number of votes against significantly exceeds those in favor.
ApeCoin DAO community has proposed staking 2.5 million APE tokens into the Cyan ApeCoin Stake vault within DeFi protocol Cyan, holding them until the staking release period, at which point all APE tokens will be returned to the DAO reserve, while Cyan will share 50% of the staking revenue with the DAO. The proposal will end on April 4 at 9:00 AM, and currently, the number of votes against significantly exceeds the number of votes in favor.
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