the past two years I spent countless hours on the 0-1 for apps building on mega. while it was a success in its own right, cannot deny immense value leakage from 1-100 ( 7 fig grants from other chains goes a long way)
now that chain is live we get to build the most exciting stuff first party ourselves
The existing financial system neither reflects the culture nor addresses the economic realities of this upcoming generation of financial participants.
Our team, composed of emerging market citizens and perma-online Gen Zers are here to build the financial operating system for the internet-native generation.
Weβve spent the past two years building MegaEVM, the fastest execution environment in the industry. The MegaEVM withstood a 11B tx stress test in mainnet production, averaging 40k TPS, while consistently charging lower fees than all others competitors.
Our technical milestones paved the way for a collaboration with @chainlink to begin building the first real-time oracle, providing unparalleled speed and security to the DeFi ecosystem.
The past two years has seen a notable and eventful ecosystem grow through MegaETH. Today, some of the most interesting new applications sit on Mega. The points program on Terminal has allowed crypto-native users to further explore the initial Mega Ecosystem, but we believe it has run its course.
We will be providing boosted USDm rewards to all eligible participants in the program. Moving forward, we will double down on sourcing and accelerating the best applications on MegaETH through personalized GTM, targeting users beyond crypto.
We are momentarily launching the MOSS SDK, a self-custody wallet that unifies liquidity between applications while maintaining top in class security through smart approvals.
These pieces lay the foundation for M(OS)S to become the financial OS built for users born to this generation.
Live Q3, MEGA blends finance and entertainment with primitives and risk preferences that have never been available to everyday users.
The MOSS SDK is uniquely positioned to solve the embedded wallet <> generalized wallet dilemma by giving best in class security guarantees to users across all apps while still maintaining one unified account.
MOSS SDK builds on the foundational work of Porto by Ithaca, providing a user-first mentality to product. We look forward to working with applications to integrate Moss and provide users with a solution to the crypto UX problem.
The legacy financial system merely adopted the internet, it was not born in it. M(OS)S is being built by people who understand the culture of internet-native users and how finance, entertainment, and identity are converging online.
@mikevimes@mmyselfvvanilla Hey thanks a lot for that long reply! You're doing pretty well if you are around the same amount as you deposited! Keep up the good work
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.
In most games, you win against 1 opponent.
Now, you can crush every single player in the game at once.
Presenting ItsTheSeason: a massive multiplayer, MEV-inspired card game.
Built by @megatruther, who sent us on an IRL global codebreaker chase last year.
Live now. [thread]
Hard times have high yields,
Zero yields create good times,
Good times create trading volumes,
Trading volumes create co-location demand.
The Mega economic engine works forever:
Now, you can get loans on the @aave MegaETH market with any combination of BTC.b, WETH and wstETH in your wallet.
Here's how you can borrow our native stablecoin USDm, currently at a low interest rate (<0.02%):