Quorum for Hayabusa vote hit in five hours, shifting VeChain to Delegated Proof of Stake. New model links VTHO rewards to VET staking, aiming at lower inflation and stronger stability. VeChain announced that quorum for the Hayabusa vote was secured within just five hours of its launch on August 18. The swift response from the [...]]]>Quorum for Hayabusa vote hit in five hours, shifting VeChain to Delegated Proof of Stake. New model links VTHO rewards to VET staking, aiming at lower inflation and stronger stability. VeChain announced that quorum for the Hayabusa vote was secured within just five hours of its launch on August 18. The swift response from the [...]]]>

VET Holders Smash Quorum on Hayabusa Vote, Paving Way for Key VeChain Upgrades in 2025

2025/08/19 17:54
  • Quorum for Hayabusa vote hit in five hours, shifting VeChain to Delegated Proof of Stake.
  • New model links VTHO rewards to VET staking, aiming at lower inflation and stronger stability.

VeChain announced that quorum for the Hayabusa vote was secured within just five hours of its launch on August 18. The swift response from the VET community marked the beginning of a major shift in the network’s governance and reward system.

As CNF has reported, the upcoming upgrade will replace the existing Proof of Authority with Delegated Proof of Stake. While the current model uses a small group of authority nodes, the new framework introduces validators and delegators, placing voting and security into a larger group of participants.

Validators will now be rewarded at a 2x multiplier, while X-Node Delegators and Economic Node Delegators will earn 1.5x and 1x rates, respectively. This reward system aims at encouraging greater participation and discouraging greater issuance of tokens across the network.

Reduced VTHO Inflation Through Dynamic Rewards

One of Hayabusa’s core updates is VTHO generation. Previously, all VET holders passively received VTHO, but the new configuration limits rewards only to those who stake or delegate their tokens. This change aims at directly linking rewards to active participation in securing the chain.

The revised model reduces VTHO creation, minimizing inflationary pressure and supporting VeChain’s overall economic mechanics. It is a step towards sustainability by linking output with participation rather than automated distribution. VeChain stressed,

The Hayabusa testnet will be rolled out in early September, and full integration into the mainnet is aimed at the end of December 2025, establishing a clear timeline towards adoption of the new model.

The VeChain team said,

This reflects the push to strengthen both decentralization and token stability with the backing of VET holders.

Altcoin Rally Hints at Possible VET Upside

In a separate development, CNF reported that Crypto.com has collaborated with VeChain Foundation to include custody service offerings for VET and VTHO. This presents regulated protection for business ventures and high-net-worth investors, with integrated governance, insurance, and multi-user access facilitations.

Sunny Lu, VeChain’s chief executive, noted the partnership is a step towards mainstream adoption. Institutions may now employ custody infrastructure compliant with established security standards in order to manage holdings on the VeChainThor chain.

At the moment, VET is trading at $0.02345, representing a 0.55% decrease in the last 24 hours. Swallow Academy noted in an X post that a future altcoin rally would even propel VET when momentum gains pace.

Technical observers are viewing the 200-day exponential moving average at $0.267 as the next significant hurdle. If the buyers are able to push the price above this level, predictions point toward targets between $0.03 and $0.075, hinting at a strong growth potential on the horizon.

]]>
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Exploring the Potential of Mutuum Finance (MUTM) in the DeFi Landscape

Exploring the Potential of Mutuum Finance (MUTM) in the DeFi Landscape

Focusing on innovative financial tools within the DeFi sphere, Mutuum Finance (MUTM) has been designed to offer under-collateralized lending—a model that allows for borrowing without the need to over-collateralize. This approach is unique even among established DeFi platforms like Aave and Compound, positioning MUTM as a pioneer in the space. A Closer Look at Shiba Inu's Current Market Status Reflecting on Shiba Inu's current market scenario reveals a significant downturn, with the token value at its lowest in 23 months, marking a sharp decline in investor confidence. Contrastingly, this downturn has led market focus to shift towards more utility-oriented tokens like MUTM. Mutuum Finance's Market Engagement and Presale Success The ongoing interest in Mutuum Finance is reflected in its presale stages, with Stage 6 nearing completion and over $18.55 million raised from more than 17,830 investors. These numbers not only demonstrate robust market trust but also underscore the growing demand for functional and utilitarian crypto solutions. Reinventing Lending in DeFi Central to the appeal of Mutuum Finance is its responsive lending model, which adjusts interest rates based on real-time market dynamics. This transparency and flexibility are essential for fostering a fair and efficient borrowing environment, contributing to its potential as a leading investment opportunity in the blockchain space. Setting New Benchmarks in Decentralized Finance Mutuum Finance is actively setting new standards in what can be achieved in decentralized finance by focusing on trust, practical usability, and long-term value. As the platform progresses, it continues to evolve beyond a simple digital token, cultivating a comprehensive economic ecosystem that supports widespread user participation and financial growth. For those keen on exploring more about this innovative DeFi platform, further details can be accessed via the official Mutuum Finance website and their comprehensive resource hub at Linktree. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
Share
Coinstats2025/11/10 17:09
[LIVE] Crypto News Today, November 10 – Why Is Crypto Up Today? Trump Stimulus Checks Push BTC Above $106K, XRP Price +8%: Best Crypto to Buy Now?

[LIVE] Crypto News Today, November 10 – Why Is Crypto Up Today? Trump Stimulus Checks Push BTC Above $106K, XRP Price +8%: Best Crypto to Buy Now?

The crypto market is on fire today. Total market value jumped almost 5% to over $3.58 trillion in just 24 hours. Bitcoin BTC $106,003.16 3.92% Bitcoin BTC Price $106,003.16 3.92% /24h Volume in 24h $51.42B Price 7d Learn more broke $106,000, Ethereum ETH $3,595.22 7.03% Ethereum ETH Price $3,595.22 7.03% /24h Volume in 24h $32.97B Price 7d Learn more passed $3,600, and XRP XRP $2.48 8.41% XRP XRP Price $2.48 8.41% /24h Volume in 24h $4.34B Price 7d Learn more  gained more than 8%. The main reason? President Trump promised $2,000 cash payments to most Americans, paid from tariff money. Many people remember how Covid stimulus checks sent crypto prices crazy, and traders believe this new money will do the same. Time to look for the best crypto to buy? That hope pushed Bitcoin up 4.14% to $106,170. Another big boost came when the Senate moved forward with a bill to end the long government shutdown. Less political drama means the SEC can work normally again and approve crypto ETFs faster. Everyone feels safer to buy. On X in the past 24 hours, almost every post is super positive. People are calling the $2,000 payment “free money for Bitcoin.” Some quick math shows the plan could cost $300–600 billion. Even if only a small part goes into crypto, prices could explode. Institutional money is also coming back strong, with $170 billion flowing into Bitcoin and Ethereum ETFs. Charts look good too: the whole market broke above important moving averages and left the oversold zone. the last time we had a massive stimulus of this nature from the United States government was in 2020, during COVID shortly after, crypto had an aggressive and sustained melt-up that resulted in new ATHs for $BTC, $ETH, and other majors at the time – BTC went parabolic and… https://t.co/iKnPLvUijY pic.twitter.com/4YMqfUG9Be — Unipcs (aka 'Bonk Guy') (@theunipcs) November 9, 2025 EXPLORE: Top 20 Crypto to Buy in 2025 Best Crypto to Buy Now: Top Winners in This Bitcoin Bounce Bitcoin is back above $106K thanks to Trump’s cash idea and the shutdown fix (House vote expected November 12). Altcoins are doing even better, which usually happens when Bitcoin stabilizes.  XRP $2.48 (+8.62%) – strong because of new ETF rumors and faster global payments. Zcash ZEC $662.61 12.75% Zcash ZEC Price $662.61 12.75% /24h Volume in 24h $2.71B Price 7d Learn more  $664.54 (+15.46%) – biggest winner, people want more privacy coins right now. Ethereum $3,600 (+5.46%) – ETFs keep growing, already $20.35 billion in assets. Solana $166.95 (+4.92%) and Chainlink LINK $16.27 7.10% Chainlink LINK Price $16.27 7.10% /24h Volume in 24h $728.94M Price 7d Learn more  $16.32 (+6.61%) – both show great chart strength. Which altcoins could be worth watching? Zcash and Monero are riding the privacy-meta momentum with huge daily gains, while Hyperliquid HYPE8 $42.53 5.62% Hyperliquid HYPE8 Price $42.53 5.62% /24h Volume in 24h $296.86M Price 7d Learn more  (up 6.03%) continues to show strong performance even in a highly volatile market. With possible hundreds of billions in fresh stimulus money coming, the market looks ready for more gains. Just stay careful – traders are still adding leverage slowly. If Bitcoin holds $106K, the next stop could be $110K or higher. 8 minutes ago Japan Plans New Registration Rules for Crypto Custody and Trading Services By Fatima Japan’s Financial Services Agency (FSA) is preparing new regulations that would require digital asset custodians and trading management service providers to register with authorities before working with crypto exchanges, according to a report by The Block citing Nikkei. Currently, only exchanges are required to manage user deposits securely, typically through cold wallets, while third-party custodians operate without comparable oversight. The proposed framework aims to close these regulatory gaps and prevent incidents like the 2024 DMM Bitcoin hack, which resulted in the loss of around ¥48.2 billion ($312 million) due to a breach linked to software firm Ginco. Most members of the FSA’s working group reportedly support the plan, which could lead to amendments to the Financial Instruments and Exchange Act in 2026. Meanwhile, the FSA is also expanding its stablecoin initiatives, approving the yen-pegged JPYC and backing a pilot with Japan’s three largest banks. The post [LIVE] Crypto News Today, November 10 – Why Is Crypto Up Today? Trump Stimulus Checks Push BTC Above $106K, XRP Price +8%: Best Crypto to Buy Now? appeared first on 99Bitcoins.
Share
Coinstats2025/11/10 17:14