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- VeChain (VET) officially launched Hayabusa with StarGate 2.0.
- Based on the new model, users will receive rewards based on their active participation in the network.
The much-anticipated second phase of the VeChain Renaissance technology roadmap is officially published, launching StarGate 2.0 with Hayabusa. This means validators have until December 9th to fully onboard and complete their first rewards cycle.
StarGate will reportedly serve as the primary entry point for Hayabusa’s economic model and support scalable participation.
Source: VeChain on X
What you can expect from the upgrade
The official upgrade will move away from a limited validator system and introduce Delegated Proof-of-Stake. In addition to this, the tokenomics will be revamped to align with the MiCA regulatory framework.
According to the blog post, this exciting launch unlocks the complete VeChain StarGate staking model that rewards active participation in the network’s economic activity. In other words, users will have to actively delegate under the new model to get rewards. This was confirmed in our previous blog post highlighting that VET no longer generates VTHO on its own.
Hayabusa’s new tokenomics pools all protocol rewards among stakers, reducing idle VTHO generation such as those generated by exchange wallets and overall inflation, while significantly increasing profits at the individual level. Hayabusa will work for you.
When StarGate 2.0 is rolled out in parallel with the launch of Hayabusa on mainnet, it is expected to deliver a number of features to make the ecosystem a more user-centric environment. Specifically, these include lower VTHO inflation, increased diversification, higher annual percentage yield (APY), predictable low-cost fees, and superior economic performance.
VTHO was previously generated continuously for all VET holders, leading to inflation problems. Interestingly, the report says that when the new generation is coupled with active usage, it can reduce inflation by up to 40%. Meanwhile, concerns have been raised regarding staking and delegation requirements, as it is argued that this could lead to a learning curve that scares off casual holders.
To benefit from Hayabusa, users are required to stake their VET using the new StarGate platform. In return, they receive staking NFTs. From this point on, users reportedly have the option of waiting until a short expiration period has passed or paying a fee at VTHO to skip the wait.
In the new model, users who contribute their stake to validators become delegators. Validators also receive 30% of block rewards and 100% of priority fees for blocks they generate.
VeChain (VET) price analysis
The price of VET is 9% Soaring in trading over the past 24 hours at $0.013. However, weekly and monthly profits are still negative and decreasing. 0.8% and 12% each. Trader interest is also starting to increase as 24-hour trading volumes soar. 10% Up to $35.9 million.
An analyst named Brain2jene commented on the price trend and revealed that VeChain is approaching what he calls a “reversal zone.” According to his observations, the strongest support for the asset is currently around the $0.0107 level.
Source: Brain2jene by X
