$10 million MegaETH-Aave commitment that pays for itself in ~2.5 years if Megaavethena scales.Foundation's real out-of-pocket is ~$6.5M, mostly year 1.Loop currently at ~$180M USDM borrowed vs ~$450M target.Btw, USDe borrow rate just 0.02%Intern cookedPink Brains (@PinkBrains_io):MegaETH committed $10M to the Aave DAO over 5 years. How are they going to pay?Aave earns from reserve factors: 10% on USDM and USDT0, 15% on WETH, 25% on USDe.If revenue is below $2M a year, MegaETH pays the gapIf it’s above, the ...

megaeth USDM hit $500m supply and triggered 50m MEGA token unlocks. $437m of that is ethena's own capital sitting in the reserves. one counterparty controls whether 53% of MEGA total supply unlocks via KPI milestones. 5.3b tokens gated by metrics that a single entity can manufacture. the tokenomic game is right there in the open. they aren't confessing, they're bragging ...