But why?
We were unable to upgrade to Premium with the old account. An issue with locality/currency...
After many hours spent and days waiting for support to respond, we decided it's faster to migrate the account.
MegaUSD Pre-Deposit Prep
→ Deposits open tomorrow (11/25) at 9a EST (time is automated and in-contract).
→ The site will go live ~1hr prior for Sonar verification.
→ $250M cap.
Depositors will receive USDm unrestricted on MegaETH Mainnet in December.
The chain is real, and it's coming in December.
The first phase (Frontier) is to let builders in and see what real-time is all about. Get them in, expand the application footprint, then full-bore a campaign for users.
More to come.
Since everybody asked. Here‘s a tldr of the article we shared:
1/ A PropAMM on Solana called HumidiFi has exploded in volume – hitting $30-40b last month
2/ Unlike traditional AMMs, HumidiFi is private - no public pools. And it‘s not a passive AMM but actively managed
10/ This led to claims that a similar strategy is not possible on EVM. Gas costs are too expensive. Even on L2s like Base or Arbitrum
MegaYield is here to challenge that!
We’re building an actively priced AMM on @megaeth. Open for anyone to LP 😎
Stay tuned for more updates
Since everybody asked. Here‘s a tldr of the article we shared:
1/ A PropAMM on Solana called HumidiFi has exploded in volume – hitting $30-40b last month
2/ Unlike traditional AMMs, HumidiFi is private - no public pools. And it‘s not a passive AMM but actively managed
From passive and open liquidity pools, to highly optimized proprietary AMMs that prioritize execution and efficiency
9/ But here’s the problem: Running a propAMM is expensive. High frequent price updates costs gas