MEGA TGE triggers 7 days after USDM hits $500m supply on megaeth. current supply is $131m. GMX just integrated USDM into GLV vaults last week. every dollar of USDM generates treasury yield that converts to MEGA buybacks automatically. pre-market range is $0.13-$0.50 with most participants locked 1 year from the $1.4b ICO. the threshold is on-chain and visible. 4x growth needed to trip the wire. ...

mega at $65m market cap with 100% of usdm yield going to buybacks. at $500m usdm supply that's $22.5m annual buybacks or 34.6% of current market cap being absorbed. usdm hit $40m in 2 days. track daily supply growth on megaeth explorer. when usdm crosses $200m the buyback math becomes impossible to ignore. ...

Get started on the @megaeth mainnet:🐇 Swap/bridge assets directly to MegaETH📈 Track real-time market data for $USDM & moreYou can just cross-chain to MegaETH in 1 step (rmb to add network first): https://t.co/gl938VcWpH ...

Here are some things to do on MegaETH on Day 1BREAD | ∑: (@bread_):Here's some simple Day 1 Mega recs for people:Yield→ Deposit $USDM into @avon_xyz MegaVault→ Bridge in and LP some @capmoney_ $CUSDTrading→ Memes on @kumbaya_xyz, then run them to either @leveragesir (lev long) or @SectorOneDEX (DLMM fee gen)→ Trench with native bots ...

We scaled far further than was any L1 can scale in our opinion. We just did a stress test on mainet. So, everyone was able to do it where we did 55,000 transactions per second.Uh that was a mixture of UNV free transfers as well as ERC uh transfers. And while that was happening, we were allowing users to play low latency games like Crossy Fluff with zero UX tradeoffs. Now, this is only possible because you've chosen to build a layer 2.>> Bank list nation. I'm here with Namik and Lei Yang of Mega [music] E. N ...

Cryptocurrency & Digital Economy - Marshall Islands has launched a universal basic income (UBI) program [1] - The UBI program utilizes a new digital wallet called Lomalo [1] - Lomalo is powered by USDM, a stablecoin pegged to the US dollar [1]

Core Insights - Cardano's co-founder Charles Hoskinson announced on Oct. 28 that a significant development is forthcoming, potentially linking the blockchain to AI-to-AI commerce [1] - The upgrade aims to facilitate micro-transactions for AI agents, which could transform web economics and introduce new business models [2] Upgrade Details - The x402 protocol revives the "402 Payment Required" HTTP status, allowing websites to request payments from users, which was previously underutilized [3][4] - Cardano's recent upgrade enables the settlement of these payment requests in its native coin and stablecoins, creating a framework for AI agents to transact with websites [4] - Initial proofs of concept demonstrate the functionality of the 402 code, involving a crypto wallet and on-chain settlement, although these are still in early stages [5] Future Implications - This upgrade positions Cardano to potentially capture value from AI-to-AI payments on the internet, although its practical utility remains to be seen [6][7] - Adoption of the new standard by third parties will be crucial for realizing the upgrade's benefits [7]

Core Insights - The U.S. GENIUS Act has prohibited interest-bearing stablecoins, creating a legal gray area for these products in the U.S. market [1][4] - New decentralized finance (DeFi) products are emerging that leverage tokenized money market funds (MMFs) to generate on-chain yields [2][7] Group 1: Regulatory Impact - The GENIUS Act has entrenched the prohibition of yield-bearing stablecoins, which is perceived as a concession to traditional financial institutions [4] - Banks are concerned about potential deposit flight and are lobbying to close loopholes that allow platforms to pay interest on stablecoin balances [4] Group 2: Alternatives to Stablecoins - Tokenized MMFs are being developed as an alternative to yield-bearing stablecoins, allowing for the generation of on-chain Treasury yields [7] - Unlike stablecoins, which maintain a dollar peg without accruing interest, tokenized MMFs can accrue interest over time by holding U.S. Treasuries or other government bonds [3] Group 3: Market Dynamics - Major stablecoin issuers like Tether and Circle offer limited savings opportunities, leading to the development of various yield-bearing alternatives that distribute reserve income to holders [5][6] - Examples of these alternatives include Mountain's USDM, Ondo's USDY, and Lift's USDL, although they are not available in the U.S. market [6] Group 4: Utility of Tokenized MMFs - Tokenized MMFs, such as Franklin Templeton's OnChain U.S. Government Money Fund, provide an attractive alternative for generating yields despite lacking the payment functionality of stablecoins [8]

Partnerships - 0xResearch 询问了 0xBreadguy 关于 megaeth_labs 和 ethena_labs 在 USDM 上的合作 [1] Market Analysis - 批评的声音认为 USDM 只是由 T-bill 收益支持，但实际情况并非如此简单 [1] - Bread 详细解释了 USDM 的运作机制 [1]