Original author: Bobby Ong, Co-founder and COO of CoinGecko

Original compilation: wzp&FYJ, BlockBeats

This article is based on the views of CoinGecko co-founder and COO Bobby Ong on his personal social media platform, and BlockBeats organizes and translates it as follows:

Ethereum is scheduled to merge on September 13, and soon ETH holders will receive an airdropped ETH PoW Token. What should holders do? Consider the following 7 steps to fully reap the combined event bonus:

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1. To get the ETH PoW Token airdrop, you need to hold ETH in a wallet that supports Ethereum fork

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2. Send all Tokens to the ETH mainnet

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3. Convert all WETH to ETH

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4. Extract the liquidity provided for DeFi

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5. Lend ETH from Aave/Compound

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6. Monitor the stETH / ETH market

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7. Buy expectations, sell facts

Maybe speculating on ETH PoW is not worth it for you. Currently, the market price of ETH PoW IOU is about 2.8% of ETH. I think ETH may see buying in the hours after the consolidation and be sold off immediately afterwards. You can choose to ambush in advance and take profits first.

We have about 10 days to do the merge, and many markets and protocols can become unstable, confusing and complex, especially in the hours before/after the merge. There may be one or more ETH PoW forks. I flipped through an old crypto report from 2017 on Bitcoin forks, and history bears it out.

Will we see another dozen or so ETH PoW forks pop up? who knows! But I know for the most part, I am only eligible for all these forked tokens if I hold ETH in my non-custodial wallet. That doesn't mean I'm asking for all airdrops, as some may be scams trying to get my signature/key.

My strategy with these forked tokens is to sell them all at once: almost all forked tokens end up dead because they were created just to keep miners temporarily busy mining and have no incentive to grow their communities and ecosystems. There are several strategies you can adopt for an upcoming merge. I'm sure I missed some other interesting strategies as well.

Of course, it goes without saying that nothing I've said above is financial advice, do your own research!