Ecosystem Blog #7

Governance, partial withdrawals, Engage and where the Wallet is heading

A few updates from our side.

Over the past weeks, a lot of discussion has focused on the first Vision governance proposal, the state of the Wallet, and what comes next after the current Engage season. This update is meant to give a clearer view on all of that.

Why the governance decision matters

The upcoming governance vote is not just a technical change to emissions. It is an important step in how Vision should work long term.

The original tokenomics were designed for an earlier phase of the ecosystem, where the main goal was bootstrapping growth. That made sense at the time. But as the Wallet, Vision Protocol, and Vision Chain move forward, the model needs to mature as well.

The direction is clear: less reliance on emissions, more reliance on real activity and product revenue.

That is why this proposal matters. It is about reducing structural pressure, creating a healthier baseline for the token economy, and giving the community a real say in how the system evolves.

We could have treated this as a purely internal decision. We deliberately chose not to. If VSN holders are meant to participate in the ecosystem, then major economic decisions should not happen behind closed doors.

Governance will not be perfect on day one. But it has to start somewhere, and this is a meaningful first step.

Partial withdrawals are live

One very practical Wallet improvement is now live: partial withdrawals for both staking and lending.

This means you no longer need to exit an entire position if you only want to withdraw part of it. You can manage your capital more flexibly, keep part of your position active, and avoid unnecessary friction.

It may not sound like the biggest feature on paper, but it matters a lot for everyday usage. These are exactly the kinds of improvements that make the Wallet feel more complete over time.

Engage: are we happy with where it is?

Short answer: not yet.

Engage has come a long way, but there are still many steps missing before it feels like the loyalty and activity layer we want it to become.

Some Engage improvements were deprioritised for a while because the team had to focus on upcoming Wallet topics and governance infrastructure. That does not mean Engage is less important. It means we had to make choices in sequencing.

There are two larger Wallet updates coming next. One is a clear revenue driver. The other is more of a mechanical update, but it will tie into the VSN staking multiplier and become the second VSN utility in the Wallet.

After that, the focus shifts back more directly to Engage.

The next steps are about making Engage clearer and more useful inside the app itself. One very fair point from the community is that without following social channels, it is currently too hard to understand what you can actually win in Season 2. That needs to improve. Rewards, campaigns, and progress should be visible and understandable directly in the Wallet.

Then comes the Earn revamp.

The plan is to introduce new pools, more protection, and the ability to boost yields as part of campaigns. This will also connect to the VSN staking multiplier.

That multiplier is becoming the central loyalty mechanic for the Wallet. The simple idea is:

The more VSN you stake in the Wallet, the more you get out of the ecosystem.

Over time, every major Wallet feature should connect back to that principle.

Vision Wallet users vs Bitpanda users

Another good question was how we think about the difference between Bitpanda users and Vision Wallet users.

The answer is: they are not meant to be the exact same profile.

Bitpanda is the mainstream investment platform. It is built for broad access, simplicity, and regulated products in a very easy environment.

The Vision Wallet has a different role. Internally, you can think of it a bit like the Web3 skunkworks. It is a place where onchain products can be tested, launched, and improved faster, especially products that may not fit directly into the Bitpanda broker setup yet.

That can be because of regulation, product structure, technical setup, or simply because the experience is too Web3-native for the main Bitpanda app.

So no, the goal is not that every Bitpanda customer suddenly moves to the Wallet. The goal is that users who want access to newer onchain products, self-custody, DeFi mechanics, and more experimental financial products have a dedicated place for that.

Today, the list of things that exist in the Wallet but not on Bitpanda is still relatively short. We know that.

But that will change clearly over the course of this year.

The Wallet is where we can bring new Web3 use cases to life first. Bitpanda remains the trusted mainstream entry point. The two should complement each other, not replace each other.

Where the Wallet goes from here

The direction for the Wallet is becoming more focused.

First, it needs to become easier to use. Partial withdrawals are one step. Better explanations, clearer campaign visibility, smoother flows, and fewer points of confusion are next.

Second, it needs to generate revenue across market conditions. We do not want features that only work when the market is euphoric. The Wallet has to create recurring activity in good markets and bad ones.

Third, VSN needs to become more deeply integrated into the experience. Not as a banner or a passive holding, but as the loyalty and utility layer that improves what users can access and earn.

That is the bigger picture.

Governance gives holders a voice in the economic model.

Partial withdrawals make the product more usable.

Engage and Earn become more connected to VSN.

And the Wallet becomes the place where new onchain products can actually reach users.

Disclaimer

This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The issuer and the offeror of the crypto-asset are responsible for the content of this crypto-asset marketing communication. Crypto-assets are volatile and carry a risk of total loss. 

Vision Chain is an Ethereum Layer 2 rollup blockchain built using the Optimism OP Stack. The Vision Chain and the Vision Token (VSN) are issued by the Vision Web3 Foundation which is an independent and unregulated Swiss Foundation. Use of the Vision Chain may be subject to your local laws and regulations. Not an offer or solicitation to acquire VSN. 

For full details on VSN, see the official white paper under: https://www.bitpanda.com/en/legal/vsn-white-paper