- The Hayabusa Devnet introduces upgraded tokenomics and a shift from Proof of Authority to Delegated Proof of Stake, thereby opening participation to a broader range of VET holders.
- The upgrade enhances decentralization, security, and economic incentives while aligning VTHO generation with active network participation.
VeChain has officially launched the Hayabusa Devnet, opening the door for developers and token holders to test its most significant upgrade in years. The initiative is part of the broader VeChain Renaissance roadmap and represents a shift toward more decentralized governance, improved tokenomics, and stronger network security.
By giving users early access to new mechanics, VeChain is laying the foundation for what could be a more dynamic and rewarding ecosystem.
— VeChain (@vechainofficial) September 2, 2025
The presale-style testing phase is more than symbolic. It allows both builders and stakers to experience firsthand how the new Delegator and Validator system will function, along with the updated VTHO generation model. This live environment provides insight into how the changes may play out once Hayabusa goes from Devnet to mainnet by the end of 2025.
VET Tokenomics Change With the Introduction of Delegated Proof of Stake
At the heart of Hayabusa is the move from Proof of Authority to Delegated Proof of Stake (DPoS), implemented under proposal VIP-253. This development allows holders of the VET token to stake their tokens with Validators, thereby creating a system where Delegators and Validators share rewards and responsibilities.
Validators must deposit a minimum of 25 million VET to secure the blockchain, while Delegators can pool their stakes, enhancing economic security across the network.
Meanwhile, the selection of Validators will now be market-based, unlike the previous KYC-driven model. This will, in turn, create an avenue for broader participation. This transition also raises the bar for validator performance, as their ability to attract Delegators is dependent on reputation and efficiency. The result is a network that is difficult to breach, more competitive, and more accountable.
VeChain Introduces Dynamic VTHO Issuance to Align Incentives with Active Participants
Another key upgrade, VIP-254, replaces the static VTHO generation rate with a dynamic system tied to staked VET. Only participants who contribute to securing the network will generate VTHO, reducing overall inflation and aligning rewards with genuine activity. This adjustment is designed to make VTHO more economically meaningful, with lower supply pressure and greater long-term sustainability.
Thankfully, developers can now pass these mechanics through the Hayabusa Devnet and StarGate Devnet for testing, which shows the process of staking the validator and delegator. The next step is a public testnet, with mainnet launch scheduled for late 2025.
VeChain has also been gaining traction outside the protocol upgrade. Its VET token was recently listed in a regulated exchange-traded product in Sweden, giving investors another way to gain exposure. Together, these changes show Vechain’s stability in technical innovation and market accessibility.
