Dear OKX users,
The Ethereum Merge represents a significant transition for the Ethereum network, shifting from proof-of-work (PoW) to proof-of-stake (PoS). This guide outlines key timelines, potential scenarios, and OKX's measures to ensure asset security during this period.
Key Timelines for The Merge
Bellatrix Upgrade (Consensus Layer)
- Epoch height: 144,896 (~September 6, 2022 UTC)
- Prepares the Beacon Chain for the Merge.
Paris Upgrade (Execution Layer)
- Terminal Total Difficulty (TTD): 58,750,000,000,000,000,000,000
- Expected: ~September 15, 2022 UTC
- Completes the transition to PoS.
Asset Security Recommendations
👉 Deposit ETH to OKX in advance to mitigate risks during the Merge. Our team will handle technical disruptions.
Service Adjustments During The Merge
1. Deposit/Withdrawal Suspensions
- Bellatrix Upgrade: September 6, 2022 (UTC)
- Paris Upgrade: September 15, 2022 (UTC)
- ERC-20 tokens included.
2. Trading Services
- Spot: No impact.
- Margin: ETH borrowing suspended; repay existing loans pre-snapshot.
- Derivatives: Contracts unaffected; monitor volatility.
3. Grow Products
- Staking/Lending: ETH balances snapshotted; forked tokens may apply.
- ETH 2.0: Subscriptions paused September 6 & 15; BETH rewards continue.
Potential Merge Scenarios
Scenario A (No New Token)
- Services resume post-network stability.
Scenario B (New Forked Token)
- PoS chain tokens = ETH.
- PoW chain tokens = Forked assets (1:1 airdrop).
- OKX listing review required for trading.
Risk Control Measures
OKX may adjust:
- Margin tiers | Funding rates | Index constituents.
FAQ
Q: Will my ETH holdings be safe during the Merge?
A: Yes, but we recommend using OKX for added technical support.
Q: Can I trade forked tokens immediately?
A: Only after OKX completes its listing review.
Q: Are fiat services affected?
A: No, deposits/withdrawals operate normally.
For further assistance, contact OKX via:
OKX reserves the right to update policies based on network conditions.