VeChain CEO Breaks Down StarGate Staking and What It Means for Your VET Bag - Crypto News Flash

• 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 type of rewards and different configuration of your current Xnode holds,

The CEO of VeChain said the tool allows users to adjust their staked amount in real-time. The simulator shows potential rewards from the user’s perspective and lets them change the total staking amount using interactive controls.

The simulation covers multiple validator configurations with a minimum of $25 million VET in each validator. Total staking figures could range anywhere between $2.5 billion and a projected $28 billion in VET, depending on user demand.

Smaller Node Holders Also Benefit, Says CEO

According to Lu, the system is structured in a way that even smaller node holders see a return

You can see around 12% for the validators, almost 10% as a Mino X node. Even the smallness node has roughly 2% or 2, 3%, he explained during the rollout speech.

He also mentioned that the simulator could give a realistic idea of future staking scenarios following the anticipated Hayabusa launch, which may impact future validator operations. Lu clarified,

This is by estimation. But there are some conditions. Firstly, the validator only runs 25 million as today, like as a minimum. It kind of simulates the future staking for after the Hayabusa launch.

This initiative shows a shift in staking approaches after recent updates from the U.S. Securities and Exchange Commission. As more people look toward on-chain earning methods, VeChain is setting up its users to take advantage early through organized incentives and planning options.

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