ApeCoin DAO mulls APE staking delay, addition of bug bounty program

The ApeCoin DAO is considering whether to push back the launch of NFT and ApeCoin (APE) staking in order to allow for a bug bounty program. The bounty program would allocate 1 million APE ($4.5 million) to potential bounties and last 2-4 weeks, according to the proposal by ApeCoin DAO Special Council Member.

The core idea of the proposal is that a bug bounty program would provide more reassurance to ApeCoin holders that the staking implementation will go smoothly — particularly in light of recent smart contract exploits.