VeChain Kicksoff $15M StarGate Staking Program After SEC’s Staking Clarity
Main Idea
VeChain is launching a $15 million StarGate staking program on July 1, utilizing NFT technology and an upgraded Weighted Delegated Proof of Stake system, following the SEC's clarification that protocol staking does not classify as custodial staking.
Key Points
1. VeChain's StarGate staking program allows participation with as few as 10,000 VET and offers higher rewards under the upgraded Weighted Delegated Proof of Stake system.
2. The VeChain Foundation has allocated 5.48 billion VTHO tokens (valued at ~$15 million) as a six-month bonus rewards pool to boost APY for early adopters.
3. Staking tiers range from Dawn (10,000 VET) to Mjolnir X (15.6 million VET), with rewards structured within the new system.
4. The SEC's recent ruling clarified that protocol staking does not qualify as custodial staking under the Howey test, which VeChain's CEO Sunny Lu praised as validation for their compliant staking model.
5. The program leverages VeChainThor blockchain's EVM equivalence and NFT technology to enhance accessibility and regulatory alignment.
Description
Layer 1 blockchain platform, VeChain, is set to launch its $15 million StarGate staking program on July 1. The latest rollout is expected to be one of its largest incentive initiatives amid broader industry interest in staking adoption following SEC guidance. According to the official press release shared with CryptoPotato , the new program arrives days after the SEC clarified that protocol staking does not constitute a securities offering. $15M StarGate Staking Program StarGate introduces direc...
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