Ethereum Mainnet Merge
In anticipation of the upcoming Ethereum Mainnet merge expected between the 10th and 20th September 2022, please note the below:
Deposits and Withdrawals
Lykke will be suspending ETH and ERC-20 deposits/withdrawals 1 day before the time of the merge. ETH and ERC-20 deposits/withdrawals will be resumed once the network has stabilized.
Trading over the fork
Lykke anticipates no disruption to trading during the upcoming Ethereum Mainnet merge. However, please be mindful of the additional volatility that may persist during this period and the impact this can have on liquidity.
After the fork
Scenario 1:
If the Ethereum Mainnet merge is uncontested, and no new token is created, Lykke will aim to resume deposit and withdrawal services as soon as the network stabilizes.
Scenario 2:
The chain splits into two competing chains, creating a new token. The “ETH” ticker/symbol will be used for the Ethereum PoS chain. Lykke will airdrop the new forked token ETHW (or other designated ticker/symbol) to the users based on the snapshot of ETH balances end of the day prior the Paris execution layer upgrade (approximately at ETH mainnet block height of 15,540,293) and will support withdrawals for the forked token. The airdrop will happen at a later stage based on the above mentioned snapshot. Any potential new token listing for trading on Lykke will be reviewed and is not guaranteed.
Please note: Only settled account balances at the snapshot time will be considered.
Your assets will remain safe, as always, and no action is required on your part. There will be no need to convert your existing ETH into anything else before, during or after the Merge. It will continue to be visible as ETH in your balances.
Please let us know if you have any further queries about the upcoming Ethereum Mainnet merge.
You can reach us at support@lykke.com