You are connecting from Lake Geneva Public Library, please login or register to take advantage of your institution's Ground News Plan.
Published 1 day ago • loading... • Updated 1 day ago
Vana Completes Expanded Staking as Part of the Vega Upgrade, Publishes Expanded VANA Token Economics
The dashboard tracks reads, fees, buybacks and burns as network fees are split 60% to stakers, 20% to buybacks and 20% to development.
On Tuesday, The Vana Foundation announced completion of The Vega Upgrade, publishing the paper "VANA: The Asset Behind an Open Data Economy" to detail the network's token economics.
Vana facilitates the Personal Data Portability Protocol, with network fees from data reads funding Staking rewards, buybacks, and ecosystem development under a fixed protocol split.
Applications on the network have produced 2,937,447 verified reads to date, while expanded Staking now operates through three pools, each with a 5 per cent operator commission.
Existing staked positions must be moved into one of the three pools by midnight UTC on October 31, 2026, to continue earning rewards; Principal remains withdrawable at any time.
Fees are allocated by protocol rule: 60 per cent to Staking, 20 per cent to buybacks and burns of VANA, and 20 per cent to ecosystem development.