Following the Ethereum Merge, Bitfinex supported the Ethereum Proof of Work (ETHW) fork airdrop. As per the official announcement, the forked token was named ETHW and the distribution was based on the ETH wallet balance at the time of the ETH Snapshot.
Bitfinex Airdrop Distribution Policy
Bitfinex completed the ETH Airdrop as of September 15th 2022, and all airdropped tokens were distributed as ETHW in accordance with Ethereum Merge and Financed Positions announcement.
Airdropped tokens were distributed based on the settled ETH wallet balances as they were on the 15th of September at 06:42 UTC, the time the ETH Snapshot was taken.
The methodology for determining pre-fork margin positions:
- Bitfinex netted out the ETH longs against the ETH short positions;
- Snapshot was taken at Block 15537393 (approximately on 15/09/22 at 06:42 UTC). ETHW tokens were distributed based on the Ethereum Merge and Financed Positions announcement;
- Customers with Margin short ETH positions were debited an equivalent amount of the forked token from their margin wallet;
- Customers with Margin long ETH positions were credited an equivalent amount of the forked token to their margin wallet;
- Customers who lent their ETH were credited an equivalent amount of the forked token to their wallet balance.
Supported Airdrop Tokens
The forked token is called ETHW.
Updated UI and API tickers:
- Proof-of-stake ETH UI ticker = ETH
- Proof-of-work ETH UI ticker = ETHW
- Proof-of-stake ETH API ticker = ETH
- Proof-of-work ETH API ticker = ETHW
Trading of ETHW commenced on 15/09/2022 at 9:15 PM UTC and is made available to trade with US Dollars (ETHW/USD) and TETHER tokens (ETHW/USDt).
If you have any questions regarding this airdrop, please feel free to contact Bitfinex Support.