Stargate 2.0 launches alongside the upgrade, adding live network monitoring, validator reward-cycle data, and staking delegation tools.
Blockchain platform Vechain is all set for its Hayabusa upgrade rollout on December 2. Some of the key changes that the upgrade will bring along are the VeChain Thor consensus mechanism, higher decentralization and better tokenomics. The native cryptocurrency, VET, is up 1.58% today, with daily trading volumes jumping 25% as investors prepare for the upgrade.
The VeChain network rolled out its Stargate upgrade on July 1, allocating 5.48 billion VTHO to incentivize early participation. Stargate acts as the main entry point connecting Hayabusa's economic model to a simplified user interface designed to support scalable participation.
Under the Hayabusa framework, VET holders can now stake their tokens and delegate them to validators instead of remaining passive holders. The network is shifting to a Delegated Proof-of-Stake (DPoS) system, allowing stakers -- now called Delegators -- to select validators. The amount of VET delegated influences which validators secure block-producing rights and earn rewards.
Hayabusa also restructures VeChain's token-economy design. Rather than the previous static issuance model for VTHO, the update ties VTHO generation and reward distribution more directly to staking activity, delegation choices, and overall network participation.
As mentioned in our previous story, some of the top crypto exchanges like Binance, Bithumb, Coinbase, KuCoin, Crypto.com, and Revolut, announced their support for the Hayabusa upgrade.
An even bigger news is that the Vechain Hayabusa upgrade is now part of the EU's MiCA regulatory framework. The platform's MiCA documentation shows comprehensive frameworks for validator participation, token issuance, and holder rights. The disclosures are designed to streamline due diligence for regulated institutions operating across all 27 EU member states.
Under VeChain's updated Hayabusa economic model, users who do not stake or delegate their VET will no longer receive VTHO rewards. Validators supporting the VeChainThor network infrastructure are set to earn 30% of the total reward allocation, as mentioned in the previous story.
Just ahead of the Hayabusa upgrade rollout, VeChain has launched Stargate 2.0, featuring new functions and capabilities.
The updated platform will feature live network status monitoring, a full validator list with 7-, 14- and 30-day reward cycles, and the ability for users to delegate assets to validators to earn block rewards. StarGate 2.0 will also display metrics such as total NFTs minted, total VET staked, and total VTHO rewards generated. Under Hayabusa, VTHO generation will occur exclusively through staking.
VeChain also revealed a new "Boost" function that will allow participants to use VTHO to bypass the maturity window and receive their staking NFT sooner. The feature will burn 100% of the VTHO used, adding further utility for the token.