In case you're a little less than awesome (like me) with technical stuff, here's a better explanation on the new Kraken ETH deposit situation with thanks to Kraken support:
"EVM stands for Ethereum Virtual Machine, which in short, is the method of settling and processing transactions.
On our support page here, under "expiring deposit methods" is a list of all the assets whose deposit address will be changing. Also, there are instructions on how to create the new address.
We are simply asking that if you currently have saved addresses for any of these assets or if you are planning to send any of those assets to us, to be sure to send to the new unified address after March 10, 2024.
The new Unified deposit methods all share the same deposit address, you will only have to make this one address for the assets listed "New Deposit Methods"
Withdrawals will not be affected, this is only related to deposits.
Bruce ????"
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