VeChain CEO Breaks Down StarGate Staking and What It Means for Your VET Bag
The post VeChain CEO Breaks Down StarGate Staking and What It Means for Your VET Bag appeared on BitcoinEthereumNews.com.
VeChain launches staking plan with early access rewards, minimum entry at 10,000 VET. Redeno tool lets users simulate staking outcomes, tweak holdings, and preview possible APY returns. VeChain began its $15 million StarGate staking program on July 1, opening new earning possibilities for holders of its native token, VET. The update allows users to access increased rewards through direct protocol-level staking on the VeChainThor blockchain. With the minimum entry set at 10,000 VET, a broader segment of holders is now eligible to participate. The VeChain Foundation allocated 5.48 billion VTHO tokens, equal to about $15 million, to fund bonus rewards over the first six months of the rollout. These tokens are expected to boost Annual Percentage Yields (APYs) for those who either migrate their nodes or start staking early in the program. This is one of the largest single incentive offerings in the project’s history. The staking configuration employs a Weighted Delegated Proof of Stake (WDPoS) framework by which increased payouts are offered to more dedicated users while the process remains firmly affordable. The functionality was released in tandem with a tool to better assist users in organizing their staking. Redeno Simulator Brings User-Focused Planning Tool To help users estimate their staking returns, VeChain integrated Redeno’s simulator tool with the launch. Redeno provides a way for users to test different node configurations and VET amounts to simulate various potential outcomes. This tool produces estimates of reward levels and is designed to help users identify the best possible configuration for their existing holdings. Sunny Lu, VeChain’s CEO, stated: In the Redino, you can calculate, run a simulation, give the direct impression like how much you can get as a reward. So basically, you can based on how much you have and then how many Xnodes you have can change the different…
Filed under: News - @ July 5, 2025 8:27 pm