VeChain launches the StarGate stake program with a $15 million rewards pool.

VET0.20%

Gate News bot message: VeChain has announced the launch of the StarGate stake program, providing a brand new upgrade for native staking on the VeChainThor Blockchain. The program has set up a $15 million rewards pool, lasting for six months.

According to the new weighted delegated proof-of-stake consensus mechanism, users only need to hold 10,000 VET to participate in staking. Staking participants must transfer VET from the exchange to a self-custody wallet, such as the official VeChain wallet VeWorld. To obtain the NFT required to activate staking, it must be done through self-custodied tokens.

VET holders can now use the VeChainStats VTHO stake APY estimator or the Redeno stake simulator to calculate potential rewards and choose the appropriate stake level.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments