Gm to merge split tokens!
Tired of jumping through hoops to express an opinion on the value of a token on the PoS or PoW forks of Ethereum post-merge? Say no more.
github.com/sinasab/MergeS…
Tired of jumping through hoops to express an opinion on the value of a token on the PoS or PoW forks of Ethereum post-merge? Say no more.
github.com/sinasab/MergeS…
With merge split tokens, you can lock up any ERC20 and receive two proxy ERC20s in return: a PoS and a PoW flavor. 
These proxy tokens are each redeemable in their respective forks-- the PoS token will be redeemable for the underlying on PoS Ethereum post-merge, and the PoW token will be redeemable on any PoW fork.
An example scenario: if Alice thinks $ABC will be worthless on the pow fork, she can mint some $ABC into $powABC and $posABC, and sell the $powABC on some market for more $posABC.
After the merge occurs, she'll be able to claim an underlying $ABC for each $posABC she has.
After the merge occurs, she'll be able to claim an underlying $ABC for each $posABC she has.
Inspired by this tweet from @inversebrah, I hope this small tool illustrates how to more efficiently discover the price of ETH and other tokens on the PoS vs PoW forks of Ethereum.
https://twitter.com/inversebrah/status/1556796071384612864
There are some additional details you can find in the repo's README. The code is unaudited and there's no canonical deployment, so please use carefully! 🐼🫡
cc. @Galois_Capital
cc. @Galois_Capital
h/t @phissionfinance for frontrunning me 😅
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