Binance NFT Allows Staked Ape NFTs as Collateral for NFT Loans

June 22 (Cointime) - Binance NFT has announced that users can now use staked Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs as collateral for NFT Loans through the Ape NFT Staking Program. This new feature allows users to earn ApeCoin (APE) rewards while staking their existing NFT collateral or gain access to higher liquidity by completing an NFT Loan with a staked BAYC or MAYC NFT.

In celebration of this update, Binance NFT is launching a new promotion where users can receive an exclusive NFT from the Mocaverse or Block Legends NFT collections after completing NFT Loans.

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