Exchange Announcement
[Upbit] Ether.fi (ETHFI), Resolv (RESOLV), Initia (INIT), Spark (SPK) new trading support notice (BTC, USDT markets)
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- Upbit announced that Ether.fi (ETHFI), Resolv (RESOLV), Initia (INIT), and Spark (SPK) will be supported for trading in the BTC and USDT markets, scheduled for Sep 19 at 15:00.
- They stated that after trading support begins, there will be a roughly 5-minute buy restriction, a roughly 5-minute minimum sell price restriction for sell orders priced at -- 10%% or lower compared to the previous day's closing price, and an about 2-hour order type restriction excluding limit orders.
- They stated that you must check the network before depositing and that deposits/withdrawals are possible only via the designated networks, and that SPK is a different asset from the SPARK previously airdropped by Upbit.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Hello. This is Upbit, the most trusted global standard digital asset exchange.
We are providing the following notice regarding new digital asset trading support.
| 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 the notice posting | Scheduled for Sep 19 at 15:00 |
| Resolv (RESOLV) | BTC, USDT | Ethereum | Within 2 hours from the time of the notice posting | Scheduled for Sep 19 at 15:00 |
| Initia (INIT) | BTC, USDT | Initia | Within 2 hours from the time of the notice posting | Scheduled for Sep 19 at 15:00 |
| Spark (SPK) | BTC, USDT | Ethereum | Within 2 hours from the time of the notice posting | Scheduled for Sep 19 at 15:00 |
* Please be sure to check the network before depositing digital assets. Deposits/withdrawals via networks other than the designated networks are not supported. * Please note that the SPK traded today is a different asset from the SPARK previously airdropped by Upbit. ### ※ Trading restriction notice Trading restriction prices are determined based on prices provided by CoinMarketCap. - Buy restriction : Buy orders will be restricted for approximately 5 minutes after trading support begins. - Minimum sell price restriction : For approximately 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 prices 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 notes Please carefully check the precautions as deposits that cannot be reflected may take a long time to be returned - Deposits/withdrawals are supported only through the designated networks (ETHFI-Ethereum, RESOLV-Ethereum, INIT-Initia, SPK-Ethereum). Please confirm the network before depositing. - Please note the secondary deposit address (MEMO format) when depositing/withdrawing Initia (INIT). - The contract addresses for ETHFI, RESOLV, and SPK supported on Upbit are as follows. Please check the contract addresses when proceeding with 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 not included in the [list of virtual asset service providers eligible for deposits/withdrawals](https://upbitcs.zendesk.com/hc/ko/articles/5048002559897), they cannot be reflected and such deposits that cannot be reflected may take a long time to be returned. - Deposits/withdrawals are possible only to personal wallet addresses that have completed 'ownership verification,' and even deposits from linked personal wallets may require deposit return processing depending on the asset's network. - For large deposits of digital assets with unclear sources, proof of the 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 a user stakes ETH, they receive liquid tokens eETH (rebasing) or weETH (non-rebasing), which can be used in the DeFi ecosystem and, at the protocol level, native restaking based on EigenLayer is automatically performed to obtain additional yield and EigenLayer points. Also, through services such as Ether.fi Liquid and Cash, users can gain additional DeFi yields and experience integrated and expanded finance 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 aiming to build a capital-efficient and decentralized stablecoin ecosystem. To address common stablecoin issues such as over-collateralization requirements, dependence on fiat currencies, and centralization risks, it adopts 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 multiple virtual machines (EVM, MoveVM, WasmVM) and integrates its own consensus, execution, and data availability layers. Developers can easily create custom rollup chains called Minisia on top of Initia, and interoperability between networks is ensured via the IBC protocol. By providing full-stack infrastructure, Initia aims to increase liquidity and connectivity between Minisia and pursues 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: the deposit service Savings, the lending service SparkLend, and the 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 assets are not visible on PC, please refresh (F5) and check. ✽ If the digital assets are not visible in the Upbit App, please 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. The responsibility for investment decisions regarding these digital assets lies with the individual, and any losses incurred belong to the investor. Please carefully review 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 continuously occur. 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 maintain a stable trading environment, but in overheated investment conditions, some members may see order stabilization messages. This is to process orders from members who placed orders first and is an unavoidable measure for stable service, so please be aware of this.
※ Virtual assets are high-risk products that may result in partial or total loss of invested funds.

*This information is generated automatically.



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