The updated gateways Transition Plan

Juan|Vite
Vite Labs
Published in
1 min readDec 11, 2023

The updated gateways Transition Plan:

To accelerate the decentralization process of ViteX and Vite gateways, we have listened to community feedback and made adjustments to the gateway transfer plan. The specific changes are as follows:

  1. We no longer require the community gateway taking over to bear the approximately 25 ETH missing from the current ETH gateway. Instead, we encourage users to withdraw their assets, and Vite Labs will make up for any shortfall.

2. A one-month withdrawal period is set to encourage users to withdraw their assets held in the ETH gateway.

3. To speed up the process, the current Withdrawal fees for certain assets in the ETH gateway have been adjusted. ETH withdrawal fees have been raised from 0.006 to 0.009, ERC20 USDT/USDC/BUSD/DAI fees have increased from 10 to 18. Additionally, the withdrawal fee for BNB on the BSC network has increased from 0.004 to 0.006.

Old Plan : https://medium.com/vitelabs/vitex-gateway-transfer-plan-c408d25b896a

Official: https://www.vite.org/

ViteX Official: https://vitex.net/

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English: https://t.me/vite_en

ViteX: https://t.me/vitexexchange

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