Notice of ETH 'The Merge' Upgrade Ethereum’s Proof-of-Work (P | Moonfarm Finance Announcement Channel

Notice of ETH "The Merge" Upgrade

Ethereum’s Proof-of-Work (PoW) chain will migrate to the Proof-of-Stake (PoS) chain upon hitting the Terminal Total Difficulty (TTD) value of 58750000000000000000000. The execution layer upgrade (Paris) is expected to take place between 2022-09-10 and 2022-09-20. Current estimation lies at the ETH mainnet block height of 15,540,293, or approximately at 2022-09-15 00:30 (UTC).

1. ETH and ERC20 Token Deposits & Withdrawals
Moonfarm will suspend deposits and withdrawals for ETH and ERC-20 tokens at approximately:
• 2022-09-15 00:00 (UTC) for the Paris execution layer upgrade
Please ensure that you leave sufficient time for your ETH and ERC-20 tokens transfers to be fully processed prior to the above time.

2. Regarding the Merge

The two likely scenarios to occur with the Ethereum (ETH) Merge are:

Scenario A:
No new token is created. Moonfarm will then reopen deposits and withdrawals for ETH and ERC-20 tokens as soon as possible. A further announcement will be posted.

Scenario B:
The chain splits into two competing chains and a new token is created. The “ETH” ticker will be used for the Ethereum PoS chain.
⁃ Moonfarm only supports Ethereum Proof of Stake token. If users want tokens on both forks, please withdraw ETH from Moonfarm to the CEX that support both forked chains.
⁃ ETH deposits and withdrawals will be suspended during this process. We will reopen ETH deposits and withdrawals when we see that the network upgrade is completed and stable.

3. Moon Swap
ETH and ERC20 tokens on Moon Swap will continue unaffected. Please ensure you take sufficient risk measures as price volatility is often high during contentious hard forks.

4. Yield Farming
ETH & ERC20 token vaults on Moonfarm will still continue unaffected and distribute rewards daily.

Further notes:
• ETH deposits, pending ETH withdrawals will not be processed until The Merge upgrade is completed and stable.
• A further announcement will be made regarding the timing for the resumption of deposits and withdrawals, as well as further information about the potential ETH chain split that may affect the above information.
• The Paris execution layer upgrade is estimated to take place at the ETH mainnet block height of 15,540,293. The estimated time is for users’ reference only and is subject to change depending on block propagation times.
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Moonfarm team,
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