➡️ 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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