ckETH: a canister-issued Ether twin token on the IC

Hi everybody!

We’d like to share some exciting news: DFINITY plans to submit NNS proposals to install ckETH on Friday Dec 1st!

  • If the proposals are adopted, this would be the real mainnet ckETH that can be used by everybody.
  • The code has been running in ckSepoliaETH for almost two months and working well. In addition, DFINITY has performed an extensive internal security review of the ckETH code, without any major findings. That being said, this code is still relatively new and we should therefore treat ckETH as “experimental” initially.
  • This is only the beginning, so the ecosystem can start supporting and adopting ckETH. There are many more things to come, like nice UIs for conversions between ETH and ckETH, ckERC20 (such that we can have eg ckUSDC), and the EVM RPC canister.

To make this a success, we need your help! Some things you can do:

  • Verify the NNS proposals, vote, and spread the word!
  • Integrate ckETH into your dapps
  • Convert some of your ETH into ckETH
  • Add liquidity to ckETH liquidity pools
  • Trade between ICP, ckBTC, and ckETH
  • Follow ckETH minter activity on the minter dashboard to see what’s happening, and verify that ckETH is fully backed by ETH
  • Ask questions and share feedback here on the forum
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