VeChain’s staking program goes live with 5.48b VTHO in bonus rewards
2025-07-01 17:19:18
Main Idea
VeChain has launched its new staking platform StarGate, offering up to $15 million in rewards, aligning with recent SEC guidance on compliant staking models.
Key Points
1. VeChain unveiled StarGate, a staking platform with up to $15 million in VTHO token rewards.
2. The SEC's recent guidance on compliant staking models validates VeChain's approach.
3. Sunny Lu, VeChain's CEO, emphasized the platform's regulatory alignment and use of NFTs for participation.
4. Users must stake VET in self-custody wallets to qualify for rewards via staking NFTs.
5. The launch coincides with broader industry expectations for SEC approval of multiple crypto ETFs by 2025.
Description
VeChain, a layer 1 blockchain for enterprise decentralized applications, has officially unveiled its new staking platform StarGate, with up to $15 million in bonus rewards. StarGate goes live as the crypto industry lauds the U.S. Securities and Exchange Commission’s landmark guidance that clarified protocol staking does not constitute securities offerings. Notably, VeChain ( VET )’s staking initiative aligns with market anticipation around the launch of the first staking exchange-traded fund in ...
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