onepotatotwopotato Σ:

wagmi
alpha well

[Ravenium @0xRavenium]

respect the digging but theres a few key pieces missing here

first off MEGA is literally categorized as "Simple Earn" on binance's app (Principal Protected tag), not Super Earn. binance has two different earn products and they work very differently

Simple Earn (which MEGA is on) gets its APR from margin and loan demand from traders who borrow the token. the MEGA product rules page on the app literally says "The assets you deposit in Simple Earn may be loaned to other Binance users (e.g. Margin and Crypto Loan products)." thats the yield source

binance's own faq backs this up:

"Subscribing to Simple Earn Flexible Products provides liquidity to Binance's business units for operational purposes, including lending Simple Earn assets to other users via Margin and Loan products. The interest from these products generate yield"

source: https://t.co/22OvNghnoA

Super Earn is the OTHER product specifically designed for project sponsored APRs. binance literally says "Special Rewards, in the form of Special APR or Airdrops, refer to rewards that are fully sponsored by the respective token projects." TON debuted Super Earn in aug 2024. if megaeth was funding the yield it would be under this framework

source: https://t.co/JlSG0X5vnA

so the 12.19% APR is just market driven borrow demand from traders shorting a freshly listed volatile L2 token, thats genuinely normal for new listings

solid effort tho but the earn product specifically isnt the smoking gun imo

[MegaETH @megaeth]

Over 500M USDM is now issued on MegaETH

Economic engine loading...

▓▓▓▓▓▓▓▓▓▓░░░ 80%

[MegaETH @megaeth]

who else is chilling in the $500M USDM supply waiting room

[Grail.eth @graildoteth]

Looks like those ICO participants who locked their @megaeth allocations for 12 months also get to join the "Stake for MEGA KPI rewards" fun over at the new staking dashboard: https://t.co/N68OA87z2Y

I assume this applies to all the public MEGA rounds (Sonar, Echo, Fluffles).

Waiting on more details, but it appears your locked/vested $MEGA will by default be staked into the pools along with the rest of the stakers (i.e., those who stake their liquid MEGA).

BUT WON'T THE LOCKED TOKENS EAT ALL THE REWARDS AND ADD TO SELL PRESSURE

No. They will dilute the rewards, yes. But this won't add to the early circulating supply over the first year (and longer, depending on the kind of vesting).

All earned rewards from KPIs will follow the same vesting schedule as the underlying tokens.

So, if your ICO tokens are locked for the next 12 months, all the $MEGA rewards earned from unlocked KPIs will accrue and be released in 12 months at the same time as your locked tokens.

So you get your tokens + a big chunk of KPI-earned rewards added to the pot.

Cool. None of the ICO participants gets left behind. Conviction got you a bigger chunk of tokens, and you can also share in the rewards.

I think this inclusion helps bind everyone closer to the ecosystem: now, there is a good reason for those with long locks to participate more closely in what's going on.

This is a fair way to do it, as locked tokens don't receive liquid rewards until their vesting, so there isn't a supply dump.

It also prevents unfair vesting where large chunks of investor/team supply get the bulk of the reward pool to sell.

We've seen that trick play out with some of the other ecosystems (@LooksRare had this trick, @celestia as well), where 'investors' and 'team' are all locked at TGE, but they are able to stake their huge cheap supply of tokens into the reward pools and get liquid tokens, which they can sell into a tiny circulating supply.

No such tricks here!

With a huge chunk of the ecosystem incentives locked behind KPIs, staking here is far more interesting than the usual "stake and get X%" offers.

Combined with the utility flywheels to build demand for $MEGA, it earns by staking for the KPI unlocks could pay out handsomely IF the ecosystem successfully expands.

[hantengri @hantengri]

megaeth literally cashed you out at the top of the market

today, when you got your money back, they simply gave you a ~2x exit, minimum 1.6x

for the chads who didn’t want to exit, it’s offering unique defi apps to farm with solid incentives

as if that wasn’t enough, they gave the best possible terms to early echo and fluffle investors

they delivered all of this in absolute garbage market conditions. in a dead environment where nobody wanted to touch any altcoin

if you still hate on it after all this, you are a parasite and you need to get the fuck out of this space

thanks for playing

[Shuyao Kong @hotpot_dao]

Most chains treat tokens as a financing instrument first and an economic instrument later.

MegaETH reversed that.

We first define what economic activity matters, design the network around increasing it, then make token value depend on the quality of that activity.

Stablecoin + KPI Rewards + Proximity Market -> GDP

[MegaETH @megaeth]

New week. Same goal.

[MegaETH @megaeth]

MegaMafia 2.0 applications have ended

Next steps:
→ ~300 teams submitted
→ All teams will receive a response by end of week
→ Next-phase is team interviews
→ Final selection by 6/16

Here's a breakdown of applicants "Why MegaETH?" and which sector those teams aim to serve.

[MegaETH @megaeth]

Measure, then build.

MegaETH's real-time performance is earned from a relentless belief in this credo.

Measure, to understand. Then build, to re-imagine.

[MegaETH @megaeth]

https://t.co/r9JD7jaoa4

[MegaETH @megaeth]

mega.eth

[MegaETH @megaeth]

https://t.co/Lc1tU6yAQ2

[MegaETH @megaeth]

They ask me what I do and who I do it for (yeah, Mega)
And how I flip these contracts right here in the studio (skrrt)
All I want for my birthday is a fat stack o’ ETH (true)
All I want for my birthday is a fat stack o’ ETH (tell ’em, MegaΞ)
When I die, bury me with the Mega Mafia (tell ’em)
When I die, lay my ashes in a Mega vault (true)
All I want for my birthday is a fat stack o’ ETH (yeah)
All I want for my birthday is a fat stack o’ ETH (2 Chainz!)

══════════ VERSE ══════════
Ultra‑Sound queen—so I crown you with the sound (sound)
Skrr‑skrr, blocks spinnin’, validators hold it down (gas)
Mainnet movin’—TPS like rounds (pow)
Just juuged a swap, MegaΞ in every town (bands)

I’m the realest chain breathin’, never fold in stress (facts)
Ticker do a back‑flip—brrrt—watch the flash‑loan flex (baow)
Extendo wallet (clip), extendo roll (roll)
Gains get thicker every time the cold keys close (tuck)
MegaMafia steppin’, 0‑to‑1, we break the mold (yeah)
Buildin’ dApps in real‑time that only this can hold (boom)
L2 bomb, merge bomb, burn bomb (bomb)
See me, I’m ballin’; you stuck in will‑call (truth)

When I’m gone, mint my legend on Mega (Mega)
When I’m gone, timestamp love on Ethereum’s name (forever)
Ultra‑Sound religion—two seeds, I’m too different
So when they speak my code, they gon’ say “He meant it” (amen)

══════════ HOOK ══════════
They ask me what I do and who I do it for (yeah, Mega)
And how I flip these contracts right here in the studio (skrrt)
All I want for my birthday is a fat stack o’ ETH (true)
All I want for my birthday is a fat stack o’ ETH (tell ’em, MegaΞ)
When I die, bury me with the Mega Mafia (tell ’em)
When I die, lay my ashes in a Mega vault (true)
All I want for my birthday is a fat stack o’ ETH (yeah)
All I want for my birthday is a fat stack o’ ETH (2 Chainz!)

[MegaETH @megaeth]

The architectural endgame is Ethereum + MegaETH.

Ethereum
• Secure, credibly neutral with 100% uptime

MegaETH
• Real-time, performant and affordable

A symbiotic relationship that makes all other chains less-than either extreme. An endgame barbell.

[MegaETH @megaeth]

All apps on MegaETH belong to MegaForge—our builder program and the foundation of Mega Civilization.

Submit your app idea on our website to receive:
→ Access to our builder-only telegram
→ Technical support
→ Direct-line to the Mega core team

[MegaETH @megaeth]

Applications will continue to define the blockchain industry.

MegaETH believes in that so deeply we pioneered @megamafia as a dedicated accelerator for 0-to-1 builders and their creations.

→ The tech enables the apps
→ The apps make the tech.

We will have both.