Delio, 60% Deposit Product Event for New Members

[Asia Economy Reporter Hyungsoo Park] Crypto bank Delio announced on the 8th that it has launched a Chuseok deposit event product offering up to 60% interest ahead of the major Korean holiday, Chuseok.

The deposit products are divided into a 60% deposit product for new members and a 30% deposit product for existing members, applicable to three types: ▲Bitcoin (BTC) ▲Ethereum (ETH) ▲Ripple (XRP). However, these products are limited in quantity, and each individual can deposit up to 1BTC, 5ETH, and 2500XRP. Applications for the deposit products are accepted only until the 12th.

A Delio representative said, "We have prepared a special interest rate event so that everyone can enjoy a rich Chuseok holiday," adding, "We hope this brings people one step closer to digital asset management."

Delio supports the Ethereum 2.0 hard fork chain ahead of the Ethereum 2.0 Merge upgrade. Ethereum is scheduled to switch its network from the existing Proof of Work (PoW) to Proof of Stake (PoS) through the Merge upgrade planned for mid-month. Currently, Ethereum is divided into ‘ETHW’ which maintains PoW and ‘ETH2’ by the Ethereum Foundation which transitions to PoS, leading to a conflict between the two.

According to the industry, the Ethereum community centered around the Ethereum Foundation denies the value of ETHW, while those concerned about centralization and security issues of PoS-based Ethereum prefer the existing PoW chain.

The ETHPOW Foundation shares updates related to the hard fork but has not provided clear announcements regarding the snapshot timing. The top five domestic virtual asset exchanges in Korea have only mentioned the possibility of the Ethereum 2.0 hard fork. Overseas exchange OKX supports the Ethereum hard fork and has even released hypothetical scenarios regarding the success or failure of the hard fork.

A representative stated, "If the Ethereum hard fork proceeds successfully, we plan to support necessary services according to customer needs," adding, "Since there is no clear information about the hard fork, we will respond flexibly according to market conditions."

This content was produced with the assistance of AI translation services.