The Ethereum Merge

What is the Ethereum Merge?

The Ethereum Merge is a network upgrade that will change Ethereum’s current consensus mechanism from “proof of work” to “proof of stake.” Along with other improvements, this milestone will help Ethereum deliver on its plan of becoming more scalable, secure, and sustainable.

The Ethereum Merge is anticipated to take place on or around September 15, 2022.

 

How will this affect you?

During the Merge, USDC will be temporarily disabled as a method to invest.

Your investments will remain safe and secure on AngelList—no action is needed from you for this planned event. As a precaution, AngelList will pause USDC investments during the merge. This pause is a safety-first approach to ensure our systems and the blockchain are stable before continuing with investments via USDC.

You will be able to continue to invest with USD during this time.

We will communicate any updates on USDC investments related to the Ethereum Merge event.

 

When will the USDC option be back?

We expect USDC to be back fairly soon after the Merge. Though there is no specific timeline, we suspect that USDC will be back quickly once the Merge has been completed.

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