VanEck has introduced staking capabilities for its Solana 
$106-based exchange-traded note (ETN) product, VSOL. This initiative allows investors residing in Europe to earn passive income through staking rewards.
Staking Rewards Distributed Equally
VanEck announced that it will distribute 75% of the staking rewards to investors. The company will retain the remaining 25% as a fee. Regardless of how long investors hold their VSOL, they will receive staking rewards at the same rate.
Investors will receive staking rewards without making any transactions, and rewards will be distributed equally among investors.
Technical Details of the Staking Model
VanEck stated that VSOL staking transactions will be conducted entirely through a custodian, ensuring full control of the staked assets remains with the custodian. This approach mitigates any lending risk.
Regulations prevent asset managers from directly holding customer funds; thus, staking transactions are carried out through custodians.
The staking rewards will automatically reflect in the daily net asset value (NAV) of the investments. VanEck collaborates with third-party staking providers to ensure security and transparency.
VSOL began trading on the Deutsche Börse in the European market in 2021. As of October 2024, assets under management stand at $73.8 million.
VanEck’s staking service demonstrates its commitment to regulatory compliance while providing European investors the opportunity to earn passive income through the Solana ETN. Investors can receive their rewards without additional transactions during the staking process.
