[Real-time update] Which project parties have stated that they do not support Ethereum fork? (updated on September 14)

With the merger of the Ethereum mainnet approaching, discussions about Ethereum forks are also raging. Among them, the Ethereum PoW fork has attracted the most attention. In this regard, V God said that considering the importance of Stablecoin to the ecological development of the protocol, centralized Stablecoins such as USDT and USDC may be "important determinants of future hard forks." Obviously, the success of an Ethereum PoW fork depends largely on the project parties that support it. BlockBeats will update the latest developments in Ethereum forks in real time.

Support ETH fork (support POW fork project)

f2pool

On August 8, f2pool, the second largest mining pool in Ethereum, said: Ethereum miners are the unsung heroes of the Ethereum ecosystem. Whether to support the ether fork or not is no longer important, we will let the miner community decide. However, we acknowledge that the era of ETH PoW is over and will be history.

In addition, the person in charge of f2pool said that it will provide ETH PoW Mining pool service.

BitMEX

On August 8, BitMEX announced that it will Launched the ETHPoW futures contract ETHPOWZ22, with USDT (ERC-20) as the margin, and the maximum leverage is 2 times. It is reported that the ETHPOWZ22 futures contract has been launched on the test network.

Ouyi OKX

On August 8, Ouyi OKX CEO Jay Hao held a speech on < a href="https://twitter.com/star_okx/status/1556542991770140672">Social media indicated that OKX is actively paying attention to and supporting the merger of Ethereum. There may be a hard fork of Ethereum in this network upgrade, and Ouyi OKX will launch the hard fork Token according to the demand assessment.

Poloniex

On August 4th, Poloniex, an encrypted trading platform of Tron, announced that it will support this ETH 2.0 upgrade and potential fork. Two potential fork futures tokens and related trading markets will be launched on August 8. Poloniex reserves the right to modify or change this announcement (such as removing relevant trading pairs in advance) to adapt to the latest market trends. In this regard, Justin Sun posted on social media that we (Justin Sun and the Poloniex trading platform) currently hold more than 100 If Ethereum is successfully forked this time, we will donate some ETHW to the ETHW (Ethereum PoW fork chain) community and developers to help them build the Ethereum ecosystem.

APENFT

On August 10th, APENFT officially announced that it will support this ETH2.0 Upgrade and potential hard fork, its NFT platform APENFT Marketplace (Yuanhou Platform) will support the circulation of NFT on the new chain after the ETH fork, and invite all NFT projects that support the ETH fork to settle on the platform. APENFT Marketplace is the first NFT decentralized platform to support a potential hard fork of ETH. Since the platform's independent online launch, it has successively provided NFT creators and developers with ecological support funds and high-quality online services through the developer competition and the Tron101 plan. By supporting the potential fork of ETH this time, APENFT will provide ecological support for more high-quality projects on the ETH chain and build a more benign NFT market.    

Binance

On August 10, Binance released the "Announcement on Supporting Ethereum Merger Plan". According to the report, Binance is paying close attention to the "merger" plan expected to take place on the Ethereum network in the third quarter/fourth quarter of 2022, which may result in a new fork token. Binance will support the Ethereum merger plan. If a new forked token is generated, Binance will evaluate and support the distribution and withdrawal of the forked token. Binance added that all forked coins need to go through Binance’s currency listing review process like other tokens. According to internal policy, Binance will not make any listing guarantees.

OKX

On August 11, according to the official Twitter, Ouyi OKX will support the Ethereum merger plan, before and during the merger No transactions of ETH will be suspended. In addition, Ouyi Web3 wallet will support more Comprehensive multi-chain ecology, actively paying attention to and making preparations to support forked chains, and will evaluate the time when Web3 wallet supports forked chains will be launched based on community acceptance and user needs. If the user creates an Ouyi Web3 wallet and deposits Ethereum assets or imports existing Ethereum assets before the Ethereum fork, after the Ethereum fork, the user will obtain the ETHW fork asset address, and will also receive an additional equivalent of 10,000 The OKT airdrop for each OKC transaction Gas.

September 14, according to Official Twitter shows that Ouyi OKX has updated the Ethereum merger and upgrade solution, which will fully support the Ethereum merger and fork. If the Ethereum fork, Ouyi will press 1:1 ratio of short forked coins. It should be noted that Ouyi is expected to suspend the deposit and withdrawal of ETH and other ERC-20 network tokens at 23:00 (HKT) on September 14.

OKC

September 11, according to < a href="https://twitter.com/okxchinese/status/1568874003452018688?s=46&t=RAxfGpHRrYzxIv-VKqKQXQ" target="_blank">Official Twitter stated that OKC will fully support all possible Ethereum fork assets. If the incoming user already holds ETH on OKC, if the fork is completed, the same amount of ETH PoW assets can be obtained.

Take a neutral attitude towards ETH fork (POW fork project):

BitKeep

On August 12, Web3 multi-chain wallet BitKeep officially stated that as a deep participant in the Crypto ecosystem, BitKeep has witnessed the development of Ethereum It has grown and enjoyed the dividends brought about by its development. BitKeep believes that the fork that may arise from the merger of Ethereum is necessary for the development of Ethereum. The community will make choices, and history will also draw conclusions. BitKeep Will respect the consensus of the Ethereum community.

In addition, BitKeep CEO Kevin said that whether to support forked chains will refer to users' opinions and ideas.

Oppose ETH fork (oppose POW fork project)

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Yearn

On September 6, DeFi revenue aggregator Yearn released a new Security Guide, to remind users that the version of Yearn below 0.4.4 The vault has a permission function and is vulnerable to replay attacks from the Ethereum PoW fork network. It is recommended that users reset the permit limit. Additionally, Yearn does not intend to support any Ethereum Proof-of-Work (PoW) forks after the merger, nor does it encourage the use of permissioned methods in Yearn vaults in other forked networks.   

LooksRare  

August 30th, NFT market LooksRare  announced , in keeping with the consensus of the Ethereum Foundation and the wider Ethereum community, has decided not to support possible forked versions of the Ethereum blockchain (including PoW forks). For a short period of time before the merger takes place, LooksRare.org will go into "maintenance mode," during which time any trading will be suspended, eliminating the risk of order replays after the merger is complete. The exact timing of Maintenance Mode will be confirmed and announced closer to the merge.

Circle

On August 9th, Circle, the USDC issuer, issued a document stating that it will After the Ethereum merger is completed, only the Ethereum PoS chain is supported, and it is expected that USDC's on-chain functions or its fully automatic issuance and redemption services will not be interrupted.   

ETC Cooperative

On August 9, ETC Cooperative In the open letter, it is stated that the Ethereum POW fork will not succeed, and it will even be a very difficult thing. The new PoW chain is meaningless to existing ETH users. Big projects will likely explicitly choose to shut down their smart contracts on new PoW chains - to avoid confusion and loss of users. ETH miners should move to ETC.

Deribit  

On August 9, the encrypted derivatives trading platform Deribit released Regarding the announcement of the Ethereum merger hard fork policy, it is stated that the Deribit settlement of all tools will be carried out on the chain supported by the ETH Foundation (ie PoS or ETH2). If the value of forked tokens is greater than 0.25% of ETH PoS and the new chain is stable and running normally, Deribit will provide these forked tokens to users. However, if there is a new Token, the new Token is not considered a deposit.   

DeBank  

August 9, One-stop DeFi wallet DeBank Official statement, hard fork It will bring a huge disaster to the entire Web3 ecosystem. Therefore, during the transition period of Ethereum’s PoS merger, DeBank and all its products will not support any services of any potential fork chains, including Web3 user platform DeBankDeFi, non-custodial wallet Rabby and Web3 developer service DeBank Open API.   

Argent

August 8, smart contract wallet Argent officially stated that it has recently received some questions about potential PoW forks after the merger. Argent is very excited about the Ethereum merger, especially because it saves 99% of energy consumption. Argent said it has no plans to support any fork.

Chainlink

On August 8, the oracle protocol Chainlink On its official website, stated that during and after the merger of Ethereum, the Chainlink protocol and its services will continue to be Runs on Ethereum and does not support forks of the Ethereum network, including PoW forks, which is consistent with the decision of the Ethereum community. For Ethereum developers and DApp teams whose migration strategy around the merge event is uncertain, it is recommended to suspend smart contract operations to avoid unforeseen events and help protect users.

Tether

On July 31, Tether CTO Paolo Ardoino discussed on social platforms whether USDT will support the POW Ethereum fork chain after the merger of Ethereum indicated that we plan to support ETH2 and support for the merged Ethereum 2.0 will be seamless. This has nothing to do with our preference for POW or POS, Stablecoins should act responsibly and avoid disruption to users.

FTX:

BlockBeats News, Aug 9th, Encrypted The trading platform FTX released a statement on its official website about the merger of Ethereum. FTX stated that it has no plans to suspend or settle ETH futures before the merger, and will do its best to support its subsequent transactions. Ethereum futures and perpetual contracts (ETH-0930, ETH-1230, ETH-PERP) on FTX will track the Proof of Stake Ethereum network after the merger.

DeBank

8 On September 9, the one-stop DeFi wallet DeBank officially stated that the hard fork will bring a huge disaster to the entire Web3 ecosystem. Therefore, during the transition period of Ethereum’s PoS merger, DeBank and all its products will not support any services of any potential fork chains, including Web3 user platform DeBankDeFi, non-custodial wallet Rabby and Web3 developer service DeBank Open API.

Aave

8 On September 9th, the Aave community released a technical analysis to explain why the upcoming Ethereum PoS merger (The Merge) will not affect Aave's system, providing a basis for the "New Proposal: Only Support the Merged PoS Chain" proposed by the Aave community. support. From a technical and operational point of view, the smart contracts related to the liquidity protocol will not be affected after the merger, and Aave will only be slightly affected in the duration of the on-chain governance mechanism and the Aave user interface. The analysis also pointed out that due to the lack of oracle machines and related liquidity issues, Aave cannot function properly on any PoW chain. If any user decides to directly interact with the Aave smart contract on any fork, it should be their own responsibility.

NFTScan

8 On September 9th, NFTScan officially announced that during the merger of Ethereum, the NFTScan browser and OPEN API services will continue to run on Ethereum, and the PoW fork of the Ethereum network will not be supported. As a Web3 data infrastructure, NFTScan will be consistent with the Ethereum developer community, continue to provide developers with professional NFT API services, and provide blockchain users with convenient NFT data search and query services.

Circle

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On August 9th, Circle, the issuer of USDC, issued a document stating that it will only support the Ethereum PoS chain after the merger of Ethereum is completed. There will be no interruption to on-chain functionality or its fully automated issuance and redemption services.

Yuga Labs  

August 18, Yuga Labs on social media The document stated that the Ethereum network is preparing for the merger in mid-September. In keeping with the broader Ethereum community, in the event of a PoW fork, Yuga will only recognize NFTs on the PoS ETH chain that are subject to the relevant NFT license and are eligible to use the utility provided by Yuga.   

OpenSea  

September 1, The NFT trading platform OpenSea issued a document stating that after the merger of Ethereum, it will only support the Ethereum PoS chain and will not support potential forked chains. Currently, OpenSea is preparing to ensure a smooth transition of the product.

Uniswap 

On September 8, Uniswap Labs recently stated that it will support "The Merge", and has no plans to support any Ethereum forks in the web-side application. The shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) is an important building block for scaling the Ethereum ecosystem and immediately reducing its environmental footprint. As a Uniswap protocol user, no action is required. The Uniswap protocol will continue to work normally during this transition. The web-side application ( app.uniswap.org ) will also continue to function, but some users may experience brief periods of unavailability if any of Uniswap's third-party infrastructure providers (such as node providers) experience an outage.   

Maker  

September 9, Maker announced that the protocol will only support PoS chains after the merger of Ethereum is completed, and users do not need to take any specific actions to keep their Maker Vault running normally. In addition, Maker also reminded users to prevent replay attacks, saying that in any case it would be dangerous to interact with Maker forks on the PoW chain that may appear.   

Opyn  

September 13, The decentralized options platform Opyn officially announced that it will support the merger of Ethereum and has no plans to support any forks in the Web App. Currently, Opyn is only available for canonical chains that are migrating to PoS. In the event of a canonical PoW ETH fork, the Squeeth interface will not support forked PoW Squeeth, vault NFTs, etc.   

THORChain  

September 13, THORChain announced that it will suspend Ethereum services 1 hour before the merger of Ethereum, and will only support the PoS chain after the merger. THORChain stated that users do not need to take any action due to the Ethereum merger.   

In addition to the above project parties, many KOLs also expressed their attitudes towards the Ethereum fork:

Hasu, Head of Strategy, Flashbots

August 7th, Hasu, Head of Strategy, Flashbots In response to the ETH PoW fork, many people, including him, have predicted for years that miners will fork Ethereum to squeeze the last profit from their investment. A large amount of computing power does not bring any significant value to the chain. Mainstream Stablecoins have zero chance of redemption on forked chains. “If there is any problem with the merge, it will only be delayed until the problem is resolved, and then merged a few weeks later. No one in the Ethereum community is willing to continue to use proof-of-work (PoW) except miners. is a huge trap. Miners, exchanges, and traders are all trying to justify their self-interest, but no one wants to use or build ETH PoW."

DCG CEO

August 8 DCG CEO Barry Silbert discussed the Ethereum fork event on his social networking site Said, "We fully support Ethereum PoS and do not support any Ethereum PoW. ETH miners should switch to ETC to maximize long-term income."

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