Will the ETH index for both fixed and perpetual futures continue as the PoS chain?
Yes. As the Proof of Stake upgrade has the majority support of the Ethereum community, the ETH index will continue as the Proof of Stake chain after the merge.
Will fixed maturity futures be settled to the PoS chain, PoW chain or a combination of both?
Fixed maturity contracts will be settled to the Proof of Stake chain. Any new Proof of Work asset arising from a fork after the merge will be treated as an entirely separate asset.
Will fixed maturity futures be settled on the merge date or at the usual settlement date?
Fixed maturity contracts will be settled on their usual settlement date.
How will you handle the ETH perpetual futures contracts? Will you settle it and start a new ETHPoS contract?
Due to the Proof of Stake upgrade having majority support of the Ethereum community, the ETH perpetual contract will continue to trade as the upgraded Proof of Stake chain.
Will there be any changes to margin requirements for the currently-listed ETH contracts?
Crypto Facilities reserve the right to update the margin schedule at any time without warning. However, we will endeavour to give as much notice as possible via platform notifications. Note that if there is not sufficient margin in a trader’s wallet to meet updated requirements, position(s) can be liquidated.
If the ETH PoW airdrop is supported on for my spot account balances, will this include my Futures balances?
If the ETH PoW airdrop is supported for your spot account, your ETH balance in your Futures account at the time of the snapshot will be included. Your spot account would be credited based on the combined balance of your spot and futures accounts.
Important: Your spot account balances fall under different regulatory standing than your futures account balances. For details, please see Kraken Legal Disclosures.
Updated 9-Sep-2022