Robert Leshner, founder of Compound Finance and investor at Robot Ventures, has noted a few things regarding The Merge. The Merge is scheduled for mid-September and the hype surrounding it is surreal.

As a result, several investors have staked ETH tokens in preparation. Yet, in a thread of tweetsLeshner gave some advice to the community as The Merge gets closer.

Robert Leshner advised investors not to fall for scams out of desperation

Leshner first acknowledged the importance of the event. According to him, some proponents already believe that The Merge is the most meaningful event in space in half a decade. This is not far from the truth, given the impact the buildup to the merger has had on ETH lately.

“First of all, don’t fall for scams,” Leshner said. Many individuals within the crypto community do not have sufficient knowledge of The Merge. This is especially true for early investors. Leshner noted that people tend to question things less when there is a lot of uncertainty. With The Merge promising a plethora of benefits, FUD may prompt some investors to fall for scams. “Be extra frosty about what you read, click and sign,” he said.

Second, because of the craze, Leshner advised investors not to apply too much leverage to contracts. He also asked investors not to take too much risk or do anything stupid with their portfolios. With the hype comes recklessness, and many traders can take more risk than necessary.

Proper Custody Matters As The Merge Approaches

In the future, Leshner raised the important point of reliable custodians. Given recent issues with crypto companies pausing withdrawals, and some suffering hacks; this is especially important. As investors hoard their tokens in anticipation of promising price action, it is important to store these assets properly. According to Leshner, this could be “on a stock exchange you trust or a hardware wallet you manage”.

In conclusion, Leshner talked about upcoming ETH forks after the merger. “Be extra careful when signing transactions on a forked chain,” he said. He emphasized the fact that one private key can work on both the ETH blockchain and a forked chain. As a result, miners who own forked chains could exploit investors.

The Ethereum merge is just a few weeks away as recent announcements brought it closer. On August 11, it was announced that the tentative Total Terminal Difficulty would be 58,750,000,000,000,000,000,000,000, which would take place on September 15 or 16. The ETH development team has indicated the possibility of a change in the TTD or date.

Abigal .V. is a cryptocurrency writer with over 4 years of writing experience. She focuses on news writing and is adept at finding current topics. She is a fan of cryptocurrencies and NFTs.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication is not responsible for your personal financial loss.

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