Dear OKX users,
The Ethereum (ETH) Merge is approaching completion. Here’s how OKX will handle the transition to ensure a smooth experience for our users.
Ethereum Merge Status Update
On September 6, Ethereum completed the Bellatrix upgrade, setting the stage for its Proof-of-Stake (PoS) Beacon Chain to merge with the Proof-of-Work (PoW) mainnet. The final step—Paris upgrade—will transition Ethereum’s consensus mechanism from PoW to PoS.
👉 Stay updated on Ethereum’s official channels
Key Timelines (Estimated)
- Terminal Total Difficulty (TTD): 58750000000000000000000
- Predicted Merge Time: ~2:00 AM UTC, September 15, 2022
(Note: Timing may shift due to network difficulty changes.)
OKX’s Support for New Tokens Post-Merge
If Ethereum undergoes a hard fork pre-Merge, OKX will:
- Treat ETH on the PoS chain as the primary Ether (ETH).
- Treat forked tokens as assets from a separate blockchain.
Airdrop Eligibility
- Receive forked tokens at a 1:1 ratio based on your ETH balance at Merge snapshot time.
- Snapshot covers: Trading, Funding, Grow accounts, and outstanding ETH loans.
- Excludes staked ETH in DeFi Mining (if unsupported by the forked chain).
Action Required: Repay ETH loans in forked tokens post-snapshot to avoid account restrictions.
Service Adjustments During the Merge
Temporary Pauses (Estimated ~2:00 AM UTC, September 15)
- Deposits/Withdrawals: ETH & ERC-20 tokens.
- Transfers: 10-minute pause pre-TTD for snapshot.
- ETH 2.0 Staking: Paused from September 14–16, 2022 (UTC).
Unaffected Services
- Spot/futures trading, fiat conversions, Earn (interest accrues).
Risk Control Adjustments
| Parameter | Pre-Merge | Post-Merge |
|-------------------|-----------------|------------------|
| Price Limits | ±2–5% | ±6–15% |
| Funding Rate | ±0.75% | ±3% |
Pro Tip: Reduce leverage or close volatile positions pre-Merge.
FAQ
1. Will OKX list forked tokens?
- Forked tokens undergo a standard listing review. Announcements follow approval.
2. How are Dual Investment orders handled?
- Orders confirmed pre-September 13 qualify for airdrops. Later orders do not.
3. What if I have ETH loans during the snapshot?
- Repay in forked tokens. USD deductions apply for unpaid debts.
For further questions, contact OKX’s Support Center or visit our Telegram group.
Last Updated: September 13, 2022 (UTC)