VanEck Europe-Compliant Solana ETN Now Enables Staking
On October 21st, asset management company VanEck announced that its Solana Exchange Traded Note (ETN) launched in Europe has enabled staking. VanEck's staking method is completely non-custodial, meaning that the custodian of the ETN asset always maintains complete control over the staked assets, without any involvement in lending risks.
Solana ETN investors do not need to take any action, and if rewards are issued, they will be included in the token equity of the ETN. Regardless of whether the custodian purchased the ETN last year or last week, the total staking rewards obtained in the last period will be equally distributed (minus a 25% staking fee).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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