New Staking Platform Launches on VeChain | Stargate Sparks User Activity
A new staking platform, Stargate, is now active on VeChain, allowing people to stake their VET tokens and keep earning VTHOR. This launch raises questions about legacy nodes and their future role within the new system.
Key Details About Stargate
On July 2, 2025, people can stake their VET through the VeWorld app. The process involves converting existing VethorX tokens, who will receive a new Stargate VethorX in exchange. As one user questioned, "So how do we stake?" The process is straightforward, with participants needing to understand that their old VethorX will be destroyed upon conversion. Those who unstake will permanently lose their VET balance, adding a layer of caution to the process.
"Can you unstake it whenever you want?" another user asked, highlighting the concerns around long-term commitment in staking.
User Reactions and Sentiments
People are sharing mixed sentiments about this transition:
Concerns about rewards: Some pointed out that expectations around Annual Percentage Yields (APYs) might be unrealistic due to past crypto scams. One noted, "Many have unrealistic expectations of how high sustainable APYs can be."
Clarifications on staking costs: Discussions revealed that users must buy the Dawn Node to stake their tokens, with one comment confirming, "You have to buy the node. Think of the node as a receipt for your staked VET."
Staking implications: There are worries about how much can be staked, as individuals expressed skepticism about the actual benefits. A comment asked, "So how much would 200k VET staking give as a reward?" The response indicated it could yield around 5,700 VTHOR a year but raised questions about its worth.
The theme of careful evaluation is prevalent. Curious users wonder if staking is a risk or a savvy move in the current environment.
Key Points to Remember
✅ Staking Mechanics: Users must stake VET to earn ongoing VTHOR.
🔄 Legacy Node Changes: Existing nodes convert into new Stargate tokens.
⚠️ Permanent Destruction: Unstaking results in a loss of original VET tokens.
“This system is a game changer, but could be risky,” cautioned a user, stressing the need for prudence amid excitement.
Future of Staking on VeChain
As Stargate gains traction, it's likely that participation in staking will increase within the VeChain community. Reports suggest that around 60% of VET holders could eventually embrace staking as they recognize the potential rewards. While this may boost engagement among hesitant participants, lingering apprehensions regarding token loss might still deter some.
Epilogue
With Stargate's launch, the dynamics in the VeChain ecosystem are set for a significant change. As users start interacting with the new platform, understanding the mechanics will be crucial to ensuring they make informed decisions. The crypto community remains watchful, assessing the long-term impact of this shift on their holdings as they adjust to a new staking landscape.