VeChain has announced the launch of its $15 million StarGate staking program, set to begin on July 1. This initiative is one of the largest amid rising interest in staking following SEC guidance.
$15M StarGate Staking Program
StarGate offers direct staking on the VeChainThor blockchain using NFT technology, allowing holders with as little as 10,000 VET to participate while earning higher rewards under the upgraded Weighted Delegated Proof of Stake system. The program is part of the VeChain Renaissance roadmap, which includes significant technical updates and improvements in tokenomics.
VeChain Welcomes SEC Ruling on Staking
The launch coincides with ETF issuers and banks exploring staking integrations following the SEC's ruling that protocol staking does not constitute a securities offering. This clarity is expected to facilitate broader adoption of staking in the market.
VeChain's Innovative Approach to Staking
VeChain CEO Sunny Lu stated that the SEC's guidance validates the company's commitment to a fully compliant staking model. He highlighted that their approach of leveraging NFTs ensures user simplicity while maintaining full regulatory alignment.
The launch of the StarGate staking program by VeChain demonstrates the company's readiness to adapt to the evolving regulatory landscape while providing opportunities for staking participants. The program is expected to attract both individual and institutional investors.
