Injective Opens Veyra Vote for Cross-Chain Trading

Update (Nov 13, 06:12 UTC): Injective has opened the voting process for the Veyra upgrade, which aims to introduce asset-transfer and trading infrastructure on November 24.

Injective has opened governance voting on its Veyra mainnet upgrade, a network update scheduled for November 24 that aims to introduce new infrastructure for institutional real-world assets, cross-chain trading, and future privacy features. According to CryptoNews, the proposal was submitted on November 12 under IIP-717.

Upgrade Details and Institutional RWA Infrastructure

The upgrade proposes new institutional real-world asset infrastructure, expanded cross-chain interoperability, and trading tools including request-for-quote systems and atomic swaps. The changes involve Injective’s MultiVM architecture to support applications operating across different virtual machine environments. Veyra will also prepare the network for CypherOS, Injective’s upcoming privacy platform designed to support confidential trading and financial transactions.

Governance Status

The proposal had received 13.47 million INJ in votes as of the November 13 snapshot, with 60.5% supporting the upgrade and 39.5% abstaining. No votes were cast against the proposal, but participation stood at 23.98%, which remains below the required quorum of 33.40%. If approved, the blockchain will move to version 1.21.0 at block height 193,145,000.

Key facts

• The Veyra mainnet upgrade is scheduled for November 24 under governance proposal IIP-717.
• The proposal attracted 13.47 million INJ in votes with 60.5% support as of November 13.
• Participation reached 23.98%, remaining below the required quorum of 33.40%.
• The upgrade introduces request-for-quote systems, atomic swaps, and multi-virtual machine architecture improvements.