StarGate

StarGate is a pivotal component of the Hayabusa phase within the broader VeChain Renaissance initiative. It is VeChain’s next-generation staking platform, designed to transform how users participate in the VeChainThor network. It introduces a novel approach by using NFTs as staking collateral, creating a dynamic and transparent framework for delegation, reward distribution, and governance.

Key Features

  • NFT-Based Staking: Users stake VET tokens to mint unique NFTs that represent their staking commitment. These NFTs can be delegated to validator nodes, enabling participation in network validation and reward sharing.

  • Earn VTHO: Stakers receive VTHO rewards based on their stake size and the validator they are tied to, aligning incentives across the ecosystem.

  • On-Chain Governance: NFT nodes serve not only as staking representations but also as voting instruments for governance, giving stakers a voice in the evolution of the network.

Network Integration via Hayabusa Upgrade

With the Hayabusa hard fork, VeChainThor adopts a Delegated Proof of Stake (dPoS) consensus mechanism. This upgrade introduces:

  • A set of 101 validators responsible for producing blocks and securing the network.

  • The ability for any user to participate indirectly by staking VET through StarGate and delegating to one of the validators.

StarGate thus serves as the access point for VET holders to become active contributors to network consensus, without needing to run a full validator node.

Phase 1 Launch: Early July 2025

The initial release of StarGate, scheduled for July 1, will operate independently of the VeChainThor protocol layer. This pre-Hayabusa phase serves as a bootstrapping period to:

  • Allow users to explore and familiarize themselves with the new staking platform.

  • Offer enhanced staking rewards as an incentive for early participation.

  • Provide a migration path for existing Economic Node and X Node holders to transition their nodes into the new NFT-based system.

Note: Full protocol-level integration with validator delegation will be introduced with the official Hayabusa mainnet upgrade.

NextVeChain Renaissance

Last updated

Was this helpful?