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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
Join Gate Ambassadors for more than just creating — embark on an exciting journey! 💡
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Details: https://www.gate.com/zh-tw/announcements/article/47455
VeChain launches the StarGate stake program with a $15 million rewards pool.
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.