What are Ethereum Chain Split Tokens
Following the Ethereum Merge, Bitfinex introduced new Chain Split Tokens (CSTs) that allow users to trade on the potential fork event in the Ethereum (ETH) consensus protocol that resulted in ETH Proof of Work (PoW) coin as well as ETH Proof of Stake (PoS).
These CSTs are designated as:
- ETHW (PoW)
- ETHS (PoS)
How do I create ETH CSTs?
1st Way
To create Ethereum Chain Split Tokens, you will need to use the Token Manager.
You will be able to access the Token Manager directly on the top drop-down menu by selecting CSTs and finding the Token Manager option:
2nd Way
Alternatively, you can also access via the Bitfinex main page:
1. Go to the Trading page and search for an Ethereum pair using the Tickers box.
2. Locate the Order Form.
3. Select the Order Type drop-down menu and scroll down to find the Token Manager under the Advanced options.
4. A pop-up for the Token Manager will appear for you to proceed with the creation of your Chain Split Tokens.
You will be able to select to use your ETH to create either ETHS or ETHW, or to revert your ETHS or ETHW for ETH.
5. Upon selection, ETH will be debited to your account, and an equivalent amount of ETHW and ETHS will be credited.
You will also be able to reverse this process at any time, redeeming equal numbers of ETHW and ETHS to extract ETH.
For more information, please view our official announcement.
Please also have a look at our Chain Split Token Terms of Service:
https://www.bitfinex.com/legal/derivative/product#chain-split-token
If you have any inquiries, please feel free to contact Bitfinex Support. We are always happy to help!