What Is a “Hard Fork” and How Could It Necessitate a New Index Price?

A hard fork is a permanent divergence in a blockchain's protocol that results in two separate, incompatible blockchains. If a hard fork creates a new, viable asset (e.g.

Bitcoin Cash from Bitcoin), the existing derivative contracts may become ambiguous. The index provider must then create a new, distinct Index Price for the new asset or clearly state how the original contract's Index Price will handle the split to maintain contract integrity.