How to Stake, Unstake, Farm VET, Vechain with Ledger Wallet - socratesmclemore354/Ledger-Wallet-Articles GitHub Wiki

VET is the VeChain token that is used for transactions on decentralized applications occurring on VeChain’s blockchain. You don’t need to stake VET to earn passive rewards because VET produces VTHO regardless of how it’s being held.

Please download the last update of Ledger Live Application:

1.Ledger Live for Windows 10/11

2.Ledger Live for MAC

3.Ledger Live for Android

There’s no “staking” involved–you’re not risking anything or performing an active service to help the network. That’s because whoever owns the private keys to the address where the VET is held can collect VTHO rewards.

For instance, if you hold your VET on a CEX, the exchange might collect your VTHO, since it controls the private keys.

So to ensure you receive your VTHO rewards for holding VET, connect your Ledger device to the Sync2 web wallet to create a VeChain account and manage VET and VeChain tokens.

However, there are some external services that pay rewards for locking your VET tokens with them. This option is very tricky and requires you to conduct thorough research on any services that pay rewards for locking your VET with them before investing.