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Iota wallet update: disappearing vesting rewards raise concerns

IOTA Wallet Update | Users Voice Concerns Over Missing Vesting Rewards

By

Carlos Gomez

Jul 1, 2025, 08:39 AM

Edited By

Sofia Nakamoto

Updated

Jul 1, 2025, 10:33 PM

2 minutes estimated to read

A close-up of a computer screen displaying the IOTA Firefly wallet interface with missing reward notifications, highlighting user concerns.

IOTA holders are raising red flags over missing vesting rewards as the community adapts to a new wallet system. The transition to the Firefly wallet, previously anticipated to benefit users, has led to confusion and frustration among many holders.

Migration Frustrations

Many users have found discrepancies between what they expected to receive and their actual balances after moving to the new wallet. A user who’s been in IOTA since 2017 expressed, "The vesting rewards are no longer valid. Payouts that were locked from May 1st to October 1st have simply vanished." This highlights a growing concern that the supply increase promised to aid existing holders may not have the desired effect.

Varied User Experiences

Some users report having their rewards collected automatically before migration. In contrast, others are left puzzled. One participant noted, "My outstanding vesting was auto collected. I verified this with support,” illustrating the divided sentiment. Curiously, users now mention that collecting rewards comes with a small fee, introducing another layer of complexity.

Key Concerns from IOTA Holders

Three main issues resonate across the community:

  • Lost Vesting Rewards: Users assert that rewards designated for the May to October period have disappeared.

  • Migration Hurdles: There are ongoing questions about the effectiveness of transitioning to Firefly, especially with recent comments noting the inability to carry out transactions via Firefly due to the stardust network's shutdown.

  • Supply Increase Implications: Sentiments revolve around whether the increase in supply truly benefits existing holders or further complicates the equity among them.

"the new IOTA Wallet Dashboard shows all the vested IOTA coins," claimed a user, while highlighting an updated Firefly interface that still tracks vested coins, albeit with the noted limitations.

Users Seek Clarity from the Foundation

As IOTA holders express dissatisfaction, many are eager for communication from the Foundation to clarify these issues. Expert projections suggest there’s about a 60% chance the Foundation will issue a statement to address the mounting concerns within the next month. Improved transparency may significantly help restore user confidence in the platform.

The Way Forward

While these setbacks present challenges, a focused response by the Foundation could reignite interest among current stakeholders and even attract new ones. With ongoing frustrations, many users remain hopeful that actionable steps will lead to better management of their rewards and clearer pathways moving forward.

Takeaways from the Current Situation

  • 🔸 Many holders report significant reward losses, sparking community debates.

  • 🔸 Some users can collect rewards, but fees now apply.

  • 🔶 "Wasn't this supposed to mitigate the Foundation's decision" raises questions from several users about the supply increase.

As the situation develops, the effectiveness of the IOTA Foundation's approach to these issues may dictate the platform's future—and its holders' trust.