ETHW Core: An open letter to the Ethereum community [2/9]: Final Decision on Whether to Freeze ETHW Liquidity Pools

Whether to freeze or not the ETHW liquidity pools after the Merge has been thoroughly discussed in the community. Today ETHW Core reached a final consensus after an in-depth discussion and the final decision is:

The ETHW Core rejected the proposal to merge the contract freezing code into the main codebase and insisted that no contract pool on the ETHW would be restricted in any way.

During today’s discussion, the ETHW Core also reached a consensus on the following.

1. 100% respect the current ETHW ledger and will not introduce any regulatory or centralized technology. Whether it is a proposal to protect users in good faith, or a technical compromise at the request of the regulators.

2. 100% insist on decentralized governance, and will not introduce any black or white list or other technology to restrict the transfer of assets.

3. 100% respect for any individual, DAO, and institutional wallets without distinction. This includes ordinary wallets, on-chain multi-signature wallets, and even hackers’ wallets. Yes, that’s right, hackers’ wallets will be honored in ETHW the same way as regular users’ wallets. Even if “The DAO” were to happen again, the ETHW chain would not roll back the ledger.

The introduction of the freezing technology, although initiated with the good intention of preventing users’ assets in the liquidity pools from being drained by arbitrageurs and bots, is bound to raise concerns about regulation and centralized management among the ETHW community, which goes against the Core’s three foundational consensuses above. In order to protect your on-chain assets on ETHW, the best way to protect yourself is to withdraw your assets from the liquidity pools before the fork.

ETHW Core

9/8/2022