Hayabusa Devnet Goes Live — Test VeChain’s Upgraded Tokenomics & New Consensus

Hayabusa Devnet Goes Live — Test VeChain’s Upgraded Tokenomics & New Consensus

Today, we took a bold step towards fulfilling the ambitious vision laid out in the VeChain renaissance roadmap — with the Hayabusa Devnet officially going live!

The goal of Hayabusa is simple: Deliver a more versatile, rewarding protocol for builders and users that champions decentralization, enhances security and drives greater value to the core of the protocol through intelligent tokenomics.

Hayabusa’s upgrades are now fully available to test out, including the full StarGate Delegator/Validator rewards mechanics. It’s time to experience the evolution of VeChainThor!

Links & Resources:

Below, you can find core resources for accessing and testing the Hayabusa Devnet:

• Custom Network Configuration & Token Faucet
• Stargate Hayabusa Devnet
• Hayabusa Block Explorer
• DevNet Thor API
• Documentation Hub

VIP 253 & 254: Modified Tokenomics, Upgraded Consensus

Hayabusa unlocks powerful new capabilities for VeChainThor. It fundamentally modifies VTHO issuance, enhances protocol rewards and accelerates deflationary tokenomic pressure. It shifts VeChainThor to a new consensus model, and introduces the full Delegator/Validator block production/staking mechanics.

Follow the links below for a full deep dive on each VeChain Improvement Proposal (VIP) — also summarised below:

VIP-253: Delegated Proof of Stake (DPoS)

VIP-253 sees VeChainThor transition from Proof of Authority (PoA) consensus to Delegated Proof of Stake (DPoS) consensus.

Under DPoS’ upgraded Validator/Delegator model, Delegators, comprised of individual VET token holders, can stake VET collateral with a chosen Validator to secure the VeChainThor network in a user-friendly, compliant way. The outcome is superior economic security for the VeChainThor blockchain, enabled through active user participation.

Validators, carrying a minimum of 25M VET collateral, produce blocks, secure the blockchain and earn protocol rewards, distributing them to their Delegator pools at a 30/70 ratio.

DPoS introduces several important benefits:

• Increased Decentralization: The validator pool set is no longer beholden to a KYC process, and instead, becomes dynamically determined by market-based staking, expanding the pool of potential validators and reducing reliance on trusted parties.
• Enhanced Cryptoeconomic Security: By allowing a wider base of VET holders to contribute their stake toward securing the network, DPoS increases the economic weight behind consensus, raising the cost of potential attacks and improving the overall resilience of the blockchain.
• Validator Competition and Accountability: With stake-weighted block production (greater combined VET stake across Validator + Delegators = higher block production probability) and the possibility of entry and exit from the Validator set, performance and reputation become key to retaining delegations and rewards. This fosters greater validator accountability and operational excellence, and introduces new gamification opportunities.

VIP-254: Dynamic VTHO Issuance

VIP-254 ends the static VTHO generation rate of 0.000432 VTHO per VET, per day, and supersedes it with a dynamic VTHO generation rate and new block reward mechanism.

While the current static VTHO generation rate is efficient and scalable, it no longer aligns with network incentives. Improving VTHO tokenomics sees VeChain necessarily evolve towards a more rewarding environment, with greater decentralization and stakeholder participation at its core.

• Aligned Incentives: VTHO will only be generated by network participants (stakers) that actively contribute to securing the network via VET staking.
• Reduced VTHO Generation: The new VTHO generation rate will be a function of staked VET and can result in a lower VTHO inflation rate vs the current VTHO inflation rate.
• Greater Economic Security: As more VET is locked in VeChainThor, the protocol benefits from greater economic security and reduced attack vectors.

StarGate Devnet — Test Validator/Delegator Staking

The Devnet for StarGate is also now accessible — allowing builders to test out and experience the new Validator/Delegator mechanics and their role in VeChain’s new staking platform.

To access the StarGate Devnet, add a custom network in VeWorld:

• INSTRUCTIONS

Then Access the StarGate Devnet, here:

• STARGATE DEVNET

Renaissance Roadmap: What’s Next?

The launch of the Hayabusa Devnet is a crucial milestone on the VeChain Renaissance roadmap — but far from the last.

Once the Devnet has been running for some time, the next stage will be to launch the public Hayabusa testnet. Hayabusa is due on mainnet by the end of December, 2025, with exact times, dates and block heights to be confirmed later.

Looking to 2026, we are excited to begin delivering the Interstellar Phase of VeChain Renaissance. At its core, the addition of JSON RPC will enable seamless cross-chain communication and interoperability with the crypto-verse, opening VeChainThor to a myriad of new opportunities for growth and expansion.

Calling All Builders

Building the future of Web3 takes an army. Accordingly, we warmly invite you to probe, test and break things in the Hayabusa Devnet. Your feedback and input is greatly appreciated, and highly valuable for our core developer teams.

Explore each VIP in depth, experience VeChain’s new tokenomics and consensus, then hop in to our Discourse and Discord channels to share your thoughts and feedback with our team.

A bold new era for VeChain has begun. We’re building the foundations for tomorrow’s Web3 world, and we humbly invite you to join our mission.

Hayabusa Devnet Goes Live — Test VeChain’s Upgraded Tokenomics & New Consensus was originally published in VeChain on Medium, where people are continuing the conversation by highlighting and responding to this story.