Venom Unstaking Update: 24-60h & Migration
Summary
Venom Foundation (The New Venom Mainnet Is Live) announces unstaking fixes: stVENOM unstaking now takes 24–60 hours while earlier requests may take up to 30 days. Users can cancel old requests in SparX and recreate them to benefit from faster processing. All staking/unstaking now happens exclusively in the SparX wallet and a 1:1 migration portal will open soon.
➡️ Venom Ecosystem Update: Unstaking & Migration Info ➡️
Dear Venom community,
We’ve fully resolved the previous unstaking delays. **Unstaking stVENOM now takes 24 to 60 hours. **
⚠️ Important for existing requests:
If you submitted an unstaking transaction before today, it may still take up to 30 days.
You can cancel it directly in the SparX wallet interface and create a new unstaking request to benefit from the updated 24-60 hour processing time.
🔐 Reminder: Your address and seed phrase remain exactly the same as in the previous Venom wallet.
🔄 Why unstake?
To participate in the upcoming migration, you must first unstake your stVENOM back to VENOM, then swap VENOM to the new token via the official migration portal (1:1 ratio).
🔜 The portal will open soon, stay tuned for an announcement.
🆕 New workflow:
All staking and unstaking operations now happen exclusively inside the SparX wallet using the Stake/Unstake button. There is no longer any need to use VenomStake.com.
👉 We’ve prepared a detailed step-by-step guide on using SparX, including everything you need to know about unstaking: 🔗 https://medium.com/@venom.foundation/how-to-unstake-tokens-seamlessly-with-the-sparx-wallet-89a2e10aa2de
❗️ Stay tuned for the migration portal announcement.
Thank you for your patience and continued support! 
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