VanEck Introduces Staking Rewards for Solana ETN in Europe
- VanEck launches staking for its Solana ETN, VSOL, in Europe, offering investors rewards reflected in the daily net asset value (NAV).
- Investors receive 75% of the staking rewards after a 25% deduction for VanEck’s fee, with automatic inclusion in the VSOL token’s value.
- The non-custodial staking approach ensures asset control remains with the custodian, mitigating lending risks.
- VSOL, launched in 2021 on Deutsche Börse, holds assets under management totaling $73.8 million as of October 18.
One standout feature is VanEck’s commitment to a non-custodial staking model, preserving investor security by delegating funds to third-party validator nodes while maintaining control in cold storage. This approach reflects VanEck’s alignment with traditional finance regulations.
Looking ahead, VanEck’s potential exploration of liquid staking tokens like jitoSOL hints at continued innovation, possibly enhancing liquidity and flexibility for Solana ETN investors across Europe.
