Vana Fund announced the completion of extended staking as part of the Vega update on September 29, 2026. A document titled ‘VANA: Open Data Economy Asset’ was also published, describing the economy of the VANA token. Now, the fee for reading personal data is directed towards staking rewards, token buybacks, and ecosystem development in a fixed proportion. A public reporting panel is available on the project's official website. According to the network's fee model, an application that reads a person's data with obtained permission pays one cent per read. Fees are distributed according to the protocol rules: 60% goes to stakers through staking pools, 20% is allocated for the purchase and burning of VANA tokens, and 20% is designated for ecosystem development. Each buyback and burn operation is published along with the transaction hash.
Extended staking is conducted through three pools, each with a 5% operator fee. Rewards are paid from network fees, accumulate on the position, and can be withdrawn as they accumulate. Existing staking positions can be moved to one of the three pools in a single transaction on the staking platform until midnight UTC on October 31, 2026. The principal amount can be withdrawn at any time without a deadline. After this date, unmoved positions will stop earning rewards.
‘Every read of a person's data on the network is a paid transaction, and the fees pay the node operators and stakers who enable this movement to happen,’ commented Art Abal, Managing Director of Vana Fund. ‘The proportion is recorded in the protocol, and every figure is published on the blockchain.’
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