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ETH PoS Merge
Thetanuts supports the ETH PoS network upgrade and will be transitioning our option vaults accordingly with the merge. After the merge, we will no longer be selling option vaults on the ETH PoW network. Here are a few points to take note of:
Once the merge occurs, users who deposited into the next ETH basic call vault epoch prior to the merge will have positions on both the ETH PoW and PoS networks. Users can initiate withdrawal to claim both ETHs on their respective networks once the epoch has ended.
Once the merge occurs, users who have existing positions on the ETH stronghold prior to the merge will have positions on both the ETH PoW and PoS networks. Users can swap their index ETH for ETH PoW or PoS on their respective networks.
The other basic vaults and strongholds are not affected and will be running as usual. After the merge, users connect their wallet to the ETH PoS network and other respective networks to manage their deposited tokens on Thetanuts.
Users should take note that there may be unexpected volatility to the price of ETH PoW & PoS tokens. Please manage your risks accordingly.
- 1.A user deposits ETH on the 9th of September (epoch starts)
- 2.If the merge occurs on the 13th of September (mid-epoch), the user will have positions on both ETH PoW and PoS on their respective networks.
- 3.The user can initiate a withdrawal to claim his/her ETH PoW and PoS on their respective networks on the 16th of September (epoch ended)
Last modified 3mo ago