Veno ETHPrice

(VETH)

vETH is a liquid staking token representing staked ETH on supported blockchain networks. Unlike rebasing tokens that increase in quantity or value-accruing tokens that rise in price, vETH is designed to maintain a 1:1 peg with ETH. Staking rewards do not change the token balance in your wallet; instead, they accumulate in a separate Reward Vault. This fixed-value model is intended to simplify the user experience when utilizing the token within decentralized finance protocols.

This is a common point of clarification for new users. Because vETH uses a fixed-value model to maintain a 1:1 peg with ETH, your wallet balance remains constant. To view and access your earned rewards, you must visit the Reward Vault on the protocol's dashboard. Your earnings accrue there separately from your principal vETH balance, allowing you to claim them manually.

Rewards are typically distributed on a weekly basis. To receive them, you must manually claim them through the Yield or Reward Vault section of the official dApp. It is important to note that if your vETH is currently deposited in a third-party decentralized protocol, such as a lending market or liquidity pool, that specific protocol may be responsible for claiming the rewards. In such cases, you should check how that platform redistributes the yield to its participants.

There are two primary methods for converting vETH back to ETH. For immediate access to liquidity, you can swap vETH for ETH on various decentralized exchanges. Alternatively, you can use the protocol's unstaking function. This process involves burning your vETH tokens in exchange for an 'Unstaking NFT.' After a mandatory unbonding period—usually lasting about seven days—you can use this NFT to claim your ETH through the dashboard.

When you initiate an unstake, the protocol issues an Unstaking NFT that acts as a claim certificate for your underlying ETH. This system is necessary because Ethereum staking requires an unbonding period for security. The NFT tracks your specific withdrawal request and displays the 'unlock date.' Once this period has elapsed, the NFT can be redeemed. Ensure you have sufficient native gas tokens in your wallet to cover the transaction fee when claiming your assets.

The protocol prioritizes security by having its smart contracts audited by reputable security firms. To manage the underlying Ethereum validators, it utilizes enterprise-grade staking infrastructure. Additionally, a dedicated insurance module, known as the Reservoir, is funded by protocol stakeholders. This module is designed to cover potential losses in the event of a validator slashing incident on the Ethereum mainnet, providing an extra layer of protection for vETH holders' principal investment.