Bitfinex Launches Derivative Asset CSTs in Preparation for Ethereum Merge

Crypto exchange Bitfinex announced the launch of Ethereum Chain Split Tokens (CSTs), which aims to help users prepare for the potential fork of Ethereum. CSTs consist of ETHW (PoW) and ETHS (PoS). Users can create CSTs when $ETH is debited from the user's account, and an equivalent amount of ETHW and ETHS are credited. The tokens will expire on December 31st, 2022. If Ethereum doesn't switch to PoS, ETHS will expire worthless and $ETH will be given in exchange for each ETHW holding. If Ethereum switches to PoS with no fork, ETHW will expire worthless and $ETH will be given in exchange for each ETHS holding. If Ethereum switches to PoS with fork happening, users will be credited with their respective ETHW and ETHS tokens.