Exchange Announcement
[Upbit] Notice of New Trading Support for Ether.fi (ETHFI), Resolv (RESOLV), Initia (INIT), Spark (SPK) (BTC, USDT markets)
Summary
- Upbit announced that it will start new trading support for Ether.fi (ETHFI), Resolv (RESOLV), Initia (INIT), Spark (SPK) from Sep 19 at 15:00 on the BTC and USDT markets.
- Deposits and withdrawals for each virtual asset are supported only via the specified networks, and trading restrictions such as initial 5-minute buy restrictions and 2-hour order type restrictions will apply after trading starts.
- Upbit emphasized the volatility of virtual asset trading and the risk of investment loss, urging users to carefully check each project's characteristics and network information before investing.
Hello. This is Upbit, the most trusted global standard digital asset exchange.
We are announcing new digital asset trading support as follows.
| Digital Asset | Market | Network | Deposit/Withdrawal Start Time | Trading Support Start Time |
|-------------|-----------|----------|---------------------|---------------|
| Ether.fi (ETHFI) | BTC, USDT | Ethereum | Within 2 hours from the time of announcement posting | Scheduled for Sep 19 at 15:00 |
| Resolv (RESOLV) | BTC, USDT | Ethereum | Within 2 hours from the time of announcement posting | Scheduled for Sep 19 at 15:00 |
| Initia (INIT) | BTC, USDT | Initia | Within 2 hours from the time of announcement posting | Scheduled for Sep 19 at 15:00 |
| Spark (SPK) | BTC, USDT | Ethereum | Within 2 hours from the time of announcement posting | Scheduled for Sep 19 at 15:00 |
* Please make sure to check the network before depositing digital assets. Deposits and withdrawals via networks other than the specified networks are not supported. * The SPK traded today is a different asset from the SPARK previously airdropped by Upbit, please note this. ### ※ Trading restriction notice CoinMarketCap-provided prices are used as the basis for determining trading restriction prices. - Buy restriction: Buy orders will be restricted for about 5 minutes after trading support begins. - Lowest sell price restriction: For about 5 minutes after trading support begins, sell orders priced at -- 10% or lower compared to the previous day's closing price will be restricted. - Order type restriction: For about 2 hours after trading support begins, all order types except limit orders will be restricted. - Please check the previous day's closing price and recent price in the table below.
| Digital Asset | Previous Day's Closing Price | Recent Price (as of Sep 19 11:30) |
| ETHFI | 0.00001387 BTC | 0.00001374 BTC |
| ETHFI |
|-------------|----------------|---------------------------|
| 1.63 USDT | 1.6 USDT |
| 0.1536 USDT | 0.1586 USDT |
| 0.4013 USDT | 0.3925 USDT |
| 0.0609 USDT | 0.0612 USDT |
※ Deposit Precautions Deposits that cannot be processed for return procedures may take a long time to be returned, so please carefully check the precautions. - Deposits and withdrawals are supported only via the specified networks (ETHFI-Ethereum, RESOLV-Ethereum, INIT-Initia, SPK-Ethereum). Please confirm the network before depositing. - Please note the secondary deposit address (MEMO format) for Initia (INIT) deposits and withdrawals. - The contract addresses for ETHFI, RESOLV, SPK supported for trading on Upbit are as follows. Please verify the contract address when making deposits/withdrawals. - ETHFI : [0xFe0c30065B384F05761f15d0CC899D4F9F9Cc0eB](https://etherscan.io/token/0xFe0c30065B384F05761f15d0CC899D4F9F9Cc0eB) - RESOLV : [0x259338656198eC7A76c729514D3CB45Dfbf768A1](https://etherscan.io/token/0x259338656198eC7A76c729514D3CB45Dfbf768A1) - SPK : [0xc20059e0317DE91738d13af027DfC4a50781b066](https://etherscan.io/token/0xc20059e0317DE91738d13af027DfC4a50781b066) - To comply with the Travel Rule, if assets are deposited to Upbit from exchanges that are not included in the [List of virtual asset service providers allowed for deposits/withdrawals](https://upbitcs.zendesk.com/hc/ko/articles/5048002559897), they cannot be reflected and deposits that cannot be reflected may take a long time to be returned. - Deposits and withdrawals are allowed only to personal wallet addresses that have completed 'ownership verification', and even if a deposit is made from a linked personal wallet, depending on the network of the asset, the deposit may be subject to return processing. - For large deposits of digital assets with unclear provenance, proof of source of funds may be requested. (Terms of Use Article 17, Paragraph 8) ### ※ Additional Digital Assets \~\~1) ETHFI (Ether.fi)\~\~ > Ether.fi is an Ethereum-based non-custodial liquidity staking and restaking protocol. When users stake ETH, they receive liquidity tokens: eETH (rebasing) or weETH (non-rebasing), which can be used within the DeFi ecosystem. At the protocol level, native restaking based on EigenLayer is automatically performed to earn additional yield and EigenLayer points. Additionally, through services such as Ether.fi Liquid and Cash, users can earn additional DeFi yields and experience integrated and extended financial services in real life. The ETHFI token is used for staking and governance participation. > Website : [Ether.fi official website](https://www.ether.fi/) > X (formerly Twitter) : [Ether.fi official X](https://x.com/ether_fi) > Whitepaper : [Ether.fi official whitepaper](https://etherfi.gitbook.io/etherfi/ether.fi-whitepaper) \~\~2) RESOLV (Resolv)\~\~ > Resolv is a protocol aimed at building a capital-efficient and decentralized stablecoin ecosystem. To address issues pointed out in existing stablecoins, such as over-collateralization requirements, reliance on fiat currency, and centralization risks, it introduces a dual-tranche structure. The dual-tranche structure uses USR and RLP. USR is the stablecoin issued by Resolv and corresponds to the senior tranche, while RLP is the junior tranche that absorbs market risk and yield volatility. RESOLV is used for governance and staking. > Website : [Resolv official website](https://resolv.xyz/) > X (formerly Twitter) : [Resolv official X](https://x.com/ResolvLabs) > Whitepaper : [Resolv official whitepaper](https://docs.resolv.xyz/litepaper/) \~\~3) INIT (Initia)\~\~ > Initia is a modular Layer 1 blockchain built on the Cosmos SDK. It supports various virtual machines (EVM, MoveVM, WasmVM), integrating its own consensus, execution, and data availability layers. Developers can easily create custom rollup chains called Minisia on top of Initia, and interoperability across networks can be achieved via the IBC protocol. By providing full-stack infrastructure, Initia aims to increase liquidity and connectivity among Minisia and pursue an integrated rollup ecosystem that supports diverse blockchain environments. > Website : [Initia official website](https://initia.xyz/) > X (formerly Twitter) : [Initia official X](https://x.com/initia) > Whitepaper : [Initia official whitepaper](https://docs.initia.xyz/) \~\~4) SPK (Spark)\~\~ > Spark is a project building DeFi infrastructure for the Sky Protocol ecosystem, borrowing funds from the Sky Protocol's stablecoin reserves to allocate across DeFi, CeFi, and Real World Assets (RWA). It currently operates three services: a deposit service called Savings, a lending service called SparkLend, and Spark Liquidity Layer, which allocates liquidity to various chains and DeFi protocols. The SPK virtual asset is used for governance participation and staking. > Website : [Spark official website](https://spark.fi/) > X (formerly Twitter) : [Spark official X](https://x.com/sparkdotfi) > Whitepaper : [Spark official whitepaper](https://docs.spark.fi/) ✽ If the digital asset is not displayed on PC, please refresh (F5) and check. ✽ If the digital asset is not displayed on the Upbit App, go to More > Screen settings > Receive coin information again and check.
Investment Risk Notice
• Investment in digital assets is exposed to rapid price fluctuations due to speculative demand and changes in domestic and international regulatory environments. Responsibility for investment decisions on these digital assets rests with the investor, and any possible losses accrue to the investor. Please carefully refer to the project website and disclosure materials to fully understand the characteristics of the digital asset and trade cautiously.
• Due to the nature of digital asset trading, price differences between domestic and international exchanges may persist. Please be sure to pay attention to price differences with global exchanges before investing in digital assets.
• Upbit takes various measures such as minimum order amount limits to create a stable trading environment, but in overheated investment environments, some users may see order stabilization messages. This is to process orders placed earlier and is an unavoidable measure for stable service, so please be aware of this.
※ Virtual assets are high-risk products and may result in the loss of all or part of the invested funds.

*This information is generated automatically.

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