Ethereum Merge Update

ICONFi
2 min readSep 6, 2022

Dear ICONFi users,

To prepare for the Ethereum Merge and secure the allocation of forked tokens in the case of a chain split, ICONFi will suspend deposits and withdrawals for Ethereum, USDT, and USDC using ERC20 network.

Deposits and Withdrawals suspension:
1. Ethereum Wallet (using ERC20 network)
2. USDT wallet (using ERC20 network)
3. USDC wallet (using ERC20 network)

Suspension Schedule:
From September 8th 05:00 (UTC) ~ September 21th 00:00 (UTC)

Suspension will last until the Merge is complete. We will reopen deposits and withdrawals after the Merge is completed and the networks are stable, and will notify users in a further announcement.

Despite the suspension of deposits and withdrawals on Ethereum, USDT, and USDC using ERC20 network, All the ETH, USDT and USDC on Flexible and Fixed accounts will continue to receive the compound interests as usual.

In the meantime, all other wallets using Bitcoin network or BSC network will continue to support deposits and withdrawals. If there’s a user who wants to use the ICONFi savings products during the Ethereum Merge update period, please try to use the BSC network and wallets for further deposits of Ethereum, USDT, and USDC.

Big Change is coming.

ICONFi has been making efforts to bring more value back to its users and the series of interviews have helped to have a better understanding of what our users want and how we can go further to make a better service platform for the users. ICONFi is stepping on to the next level of Finance services based on Blockchain technologies and cryptocurrency market — a revolution on the ICONFi app.

Please stay tuned for more information and further announcements!

Questions?

If you have any questions or feedback, please send an Email to support@icon-fi.com.

About ICONFi

ICONFi is a digital asset savings platform that provides simple and intuitive earn products so that anyone can easily multiply crypto assets. ICONFi aims to simplify the complicated processes often associated with crypto assets and offers a sleek, straightforward user interface which supports saving, staking and airdrop activities at the palm of your hand.

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ICONFi

A new crypto staking and earn service for the ICON community.