Over $20 million worth of ApeCoin (APE) has been staked less than 24 hours after its staking feature went live, according to Etherscan data.

Horizen Labs tweeted on Dec. 5 that the rewards would start accruing by December 12. The staking update had experienced early delays due to a Bug Bounty AIP, which led to the decision to keep the pre-deposit period to one week.

(By Oluwapelumi Adejumo)