Vauld Customers Demand Swapping Enabled, As Nexo Update Awaited

As anxious customers await an update on Vauld’s future course of action, there are rising demands for allowing minimal features. The users are asking for clarity what could be the fate of their funds. Many users are also starting to believe that their money, or a part of it, is lost already. Overall, the Vauld user community is determined to fight all the way to collect their fair share.

Why Disable Swapping Feature?

In this context, the customers are questioning as to why Vauld had disabled the swap functionality. They are seeking for at least the chance to swap and maximize their holdings, without being able to withdraw. Manan Desai, a customer of Vauld, asked in the company’s official Telegram group about the swapping deature.

“Why has Vauld disabled swapping feature? At least let us swap stablecoins and Bitcoin when there is uptrend in market.”

Other customers supported this demand. They seek to take advantage of the sharp fall in prices by using Vauld swapping feature. Luke Thomas, a Vauld user, asked for allowing at least minimal swaps. He suggested that the Vauld team enable swapping for a limited $500 per day or week. At the same time, withdrawals could be halted completely, he added.

“If the management is worried about withdrawals, I’d say gather some bare minimum liquidity and halt withdrawal completely for some time but atleast let us swap. That way, our portfolio will grow.”

Are Vauld Funds Stuck?

Reacting to the demand for allowing swapping on the platform, one Vauld user doubted if the company is in big trouble. He said probably the funds are stuck somewhere, which is why the swap feature is also disabled.

Earlier in the day, Vauld cofounder Darshan Bhatija said his company would send out emails to users on the future plans. The management is expected to hint at the possibility of the Vauld Nexo deal.

Anvesh reports major developments around crypto adoption and price analysis. Having been associated with the industry since 2016, Anvesh is a strong advocate of decentralized technologies. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

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