Cryptomagna

[MegaETH @megaeth]

In 24 hours.

[K A L E O @CryptoKaleo]

When you cut a winner to chase after greener pastures, a lot of the time you're cutting a higher conviction position.

You believe in it, but want exposure to this other coin because you think it'll go up for a bit, and then you can sell the new coin and buy back more of the high conviction bag!

Boom, you buy the shiny new coin and it does a 2X while your old one is down 5%.

You feel like a genius, but you're pissed you didn't buy more of the new coin.

So you sell a bigger chunk of what was your higher conviction bag and buy more of the new coin.

The new coin is up another 20% and your old bag is down another 10%.

You *are* a genius.

until...

you go to sleep and all of a sudden the new coin is down 40%, but that doesn't matter because you're still up a bit!

and your old "high conviction" bag is now up 15% on the day...

perfect you think

you can sell a bit of the slow, old bag and ape the dip on the new one because dips are for buying and it'll surely keep outperforming!

you've now exited more than half of the OG bag you meant to stack more of originally

the new coin slowly bleeds over the next few days back to just beneath your initial entry, and the OG coin is now up another few %... so the OG one is basically still breakeven

but here's the mental aspect of it!

you know that you can't exit the new one that's down at a loss... your initial goal was to OUTPERFORM, so you just decide to full stack the OG bag and ape fully into the new coin

that'll buy you some time because it puts sell pressure on the OG and helps boost your new bag!

but... the new one just keeps bleeding...

it's been another week, and it's now down 70%.

the OG bag you sold?

it's up 20%... nothing sexy, but you now have only 25% of the USD you would have had if you would have just held....

NOW YOU HAVE TO MAKE IT BACK

You feel like you've been rugged on the new one (you most likely have), so you cut it and full stack this other coin you see pumping because you *need* to just pull a quick 4x (lol) to catch back up and then you'll gladly sell it and buy back the OG high conviction bag.

but the new, new one you buy immediately loses 50%.

WTF

Do you sell? You can't buy more because you have no more capital do to that with...

No, it has to come back.

But it doesn't.

It bleeds until you're down 80%...

Meanwhile, the OG one goes up another 10%...

You now have LESS THAN 5% OF THE USD YOU WOULD HAVE HAD IF YOU WOULD HAVE JUST HELD.

You shredded yourself to pieces because you got greedy.

You just take the USD you have left, deposit it in the bank, and you quit.

Over the next few weeks, the OG high conviction bag you originally believed in pulls a 20X.

You hate everything about crypto.

The world is a scam, and it's out to get *YOU*.

You don't take accountability.

You don't learn anything.

You're stuck in the poverty cycle forever.

[Ducat @Ducatstable]

Ducat is evolving.

Open Beta is coming: the final testing phase before launch. Test the full app, from Bitcoin vaults to USDC via the UNIT bridge.

Take part. Earn Quanta.

Public mainnet and TGE coming soon.

[MegaETH @megaeth]

August on MegaETH ↓

[StarFlameGod ⛏️ @starflamegod]

- Max supply: 3,000,000 ORE
- Team allocation: 0
- Investor allocation: 0
- Vesting and cliffs: none

-Every ORE in circulation was issued through mining and legacy boost programs.

-There is no freeze authority, so no one can freeze or seize a holder's balance.

- Market maker agreements: none, with no tokens loaned or allocated

- CEX and DEX listing deals: none, with no native token listing fees

- Airdrops: never conducted, none planned

No prior fundraising. No OTC sales. No discounted market maker sales.

—-

Super bullish fr. The people’s money 🔥

$ORE by @ORE

[MegaETH @megaeth]

July Monthly Recap on Mega ↓

[ORE @ORE]

A major evolution of ORE mining is here.

Parimutuel SOL payouts are now removed, making mining easier to model, plan and scale.

Miners can now calculate costs before deploying and estimate returns with greater confidence. SOL no longer moves from losing miners to winning miners. Instead, miners receive their deployed SOL back minus protocol and admin fees. If a tile does not win, 89% of the deployment is returned.

ORE rewards remain variable, but the cost of mining becomes more predictable.

[Ducat @Ducatstable]

https://t.co/EMemFzUsEL

[Shuyao Kong @hotpot_dao]

After spending the last two years building the MegaMafia, we’ve decided to sunset the program.

While it was a success in many ways, we believe that the program was built on assumptions that no longer hold.

Here are some reflections, and what’s coming up next.

> We had real conviction in Mafia founders, and have gone above and beyond in standing by their side to bring their products to market. Some examples include: restructuring the GTE leadership team during critical moments just one month after their initial pre-seed raise, offering to buy out Noise's investors when they tried to push out the CEO, and played a crucial role as they pivoted from their initial prediction market idea, and merging the Tenten and HitOne team after seeing the synergy between the two.

> Across both cohorts which in total included 20 teams, we lent our reputation and networks to founders so they could go on to raise over $80m in funding in pre-seeds, seeds, and series As. We kept the MegaETH’s raise to a minimum so investors can get more skin in the game with the Apps directly, rather than the protocol.

> For teams that had difficulty in raising when the market turned bearish, we extended resources, engineering bandwidth, and actual capital (e.g. six figures in audit for Avon) so they could make it to Mainnet. We did it solely to help founders see their vision through.

> We set the product vision for 5 teams and supported their initial builds before eventually facilitating their fundraises from leading tier-1 and tier-2 funds.

> We spent significant cash (in the millions) bootstrapping teams’ DeFi requirements, through market-making support, direct lending, and other liquidity related needs.

> We hosted 5 large-scale in-person events (New York, Brussels, Bangkok, Singapore, and Seoul) so MegaMafia projects could meet investors and community members from around the world.

In many ways, the MegaMafia was the best incubator of this cycle. But very little of that value has trickled to Mega. In fact, most of those applications are no longer being built with us. At the time, we intentionally took no equity, governance rights, nor economic value because we wanted people to be genuinely bought into the Mega vision and the power of our technology. While we will continue to support existing MegaMafia projects, there will no longer be MegaMafia 3.0.

What’s next?

Our ecosystem goal going forward is to support teams building OMEGA applications, apps that are only possible on MegaETH, using our wallet infrastructure and stablecoin.

More importantly, we're redirecting the energy we were lending to third-party builders into our own first-party applications: consumer-grade apps, built directly by us, for the people we're trying to serve. Where MegaMafia was indirect, betting on other teams to build value we'd eventually capture, first-party apps let us build direct relationships with end users ourselves, with all the upside and accountability that comes with owning the outcome.

We're aiming for faster feedback loops, with insane focus on accruing value directly to the protocol.

[Ducat @Ducatstable]

Happy Mainnet Alpha Week!

After two years of building, this week we'll be accepting our first Ducat users on Mainnet.

Building on L1 is hard. No smart contracts, no project before us to learn
from. Every day we've been breaking ice and innovating.

But the opportunity is so massive it was worth it. Over $1T of idle capital, waiting for a platform like Ducat to finally access dollar liquidity and yield against their BTC without relying on an external chain.

Bitcoin native credit markets will change how people use Bitcoin forever.

Initially this is a closed alpha, so spaces are limited and demand is high.

Alpha users will be rewarded for being early supporters.

To take part, turn notifications on, we'll be sharing more details soon.

Godspeed 🚀

[MegaETH @megaeth]

Every onchain app gives you a new wallet. New balances. More problems.

MOSS is the unified onchain account experience.

One Wallet. Every App. Your Rules.

[votesa @votesa]

https://t.co/ecD0GCUitB

[ORE @ORE]

Solana native. ✅
Fixed supply. ✅
Real yield. ✅

Built for self-custody and permissionless use.

(h/t @Wisemenmentors)

[MegaETH @megaeth]

After reviewing the Terminal data, we’ve decided to conclude the season early, and sunset our Terminal program.

The points distribution for Week 3 has gone out as normal and a snapshot has been taken of all user activity up to this point, which will be used in our final calculations. This decision did not come easy, but we believe this is what’s best to support our ecosystem.

Next week, we'll run a supplemental points distribution to thank all users who have been exploring and experimenting with the different apps throughout the program.

Eligible Terminal participants will receive a share of the rewards pool in USDM, based on the points accumulated to date as well as activity that supported Mega.

Early next week, we'll open a place on Terminal for one week so you can designate a wallet address to receive your rewards.

Terminal’s main features will be merged with Rabbithole, transitioning everything into one unified chain experience.

Thank you to everyone who has supported us this far. We can’t wait to show you what we have in store.

A note from Shuyao on what’s next:

[Cryptomagna @Cryptomagna]

@rantaiuang @clawdbotatg @austingriffith Thats when you pivot to $Bankr, $Molten and $Clawnch 🤌

[Joestar⭐ @JoestarCrypto]

Megaeth is so underfarmed I can climb all day and still be top 100 on @hitdotone, top 4 daily, and top 100 @AveForge

Everyone is giving up but things pay off when you believe

If you believe Megaeth and its apps have a great future you need to be active in the ecosystem RIGHT NOW

If you don’t... idk go farm Polymarket or Abstract bro

[MegaETH @megaeth]

App Wave 4 is now live on Terminal

Seven new apps are ready to be explored.

Intros in the thread below:

[Zera @zera_chielo]

Recap in the @megaeth ecosystem:

1. The first KPI has been validated, and users can now claim their rewards.

2. Two more KPIs have been achieved and are currently awaiting validation, which means two more airdrops are coming.

3. 693.29M $MEGA is now staked, representing 61.4% of the circulating supply.

4. MegaETH announced MOSS, a wallet designed for all apps with seamless payments.

5. MEGA is currently sitting at a $1.22B FDV and $137.16M market cap.

6. A total of 22 apps are now live in the Terminal.

7. @hitdotone has reached 100 million in total volume.

8. @TopStrikeIO is the first game in the ecosystem to reach 1 million in total volume.

9. @kumbaya_xyz is now sitting at 48M TVL.

10. @worldmarketsinc has reached 7.5M TVL.

That wraps up the key developments this week in the MegaETH ecosystem.

I will keep posting weekly updates. Happy Friday!

[Haseeb Qureshi ＞|＜ @hosseeb]

This is how every crypto recovery I've ever lived through felt like.

Things just quietly got better. The bears are a little less interesting. The mood shifts. Nothing obviously changed, just the quiet and slow drumbeat of progress seems a little louder all of a sudden.

[Joestar⭐ @JoestarCrypto]

Megaeth is generating as much fees as a 1B$ market cap token right now

Might be something