Exodus Fee Delegation Service
Exodus Wallet has launched a Fee Delegation Service that enables a user to send some assets from Exodus Wallet, even when it wouldn't normally be possible.
Since smaller wallets commonly lack the necessary resources to send an EOS transaction or enough VTHO to send a VET transaction, a solution is needed. So we designed our Fee Delegation Service.
Please note: The transaction fee is only used when necessary. If your wallet needs help to send a transaction for these assets, our delegated fee service will be used and your Exodus wallet will determine what the fee will be for you!
In this Article:
The EOS blockchain was designed to have free transactions but has also struggled to deal with a high volume of spam transactions that have been occurring on the network since November 2019.
What this service means is that for smaller wallets, EOS will behave just like other cryptocurrencies such as Bitcoin and Ethereum. There will be a transaction fee to send EOS from wallets that don't have the power to send for themselves. (Without Exodus' fee delegation service, they would not be able to send at all).
Wallets with more EOS staked, and that haven't used their available CPU and NET resources yet, will continue to enjoy EOS' free transactions. If they send more frequently, Exodus' delegation service will automatically be there when they need it!
VeChain (VET) and VeThor (VTHO)
The VeChain network requires a user to have enough VeThor (VTHO) to send VeChain (VET).
Since some users don't realize this, they end up getting stuck with their VET and no way to send it. Exodus uses the fee delegation service to fix this!
What this means is that if you do not have enough VTHO inside of your Exodus wallet to send or exchange your VET, then the Exodus fee delegation service will instead allow you to send your VET and pay for the network fee using VET as well. Your Exodus wallet will automatically convert the normal VTHO network fee into an equal amount of VET for you! (Without Exodus' fee delegation service, they would not be able to send at all).