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A detailed explanation of how to participate in the MegaETH Odyssey event.

CN
Odaily星球日报
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4 hours ago
AI summarizes in 5 seconds.

Original Title:How to farm MegaETH, Author: wale.moca(@waleswoosh)

Translation|Odaily Planet Daily(@OdailyChina);Translator|Asher(@Asher_0210)

MegaETH will launch its TGE today and concurrently host the Terminal Odyssey event. Over the next 8 weeks, MegaETH will allocate 2.5% of the total supply of MEGA tokens as airdrop rewards.

This event adopts a points ranking mechanism, where users can earn points by using MegaETH ecosystem applications, completing interactions, providing liquidity, or participating in different activities, and share airdrop rewards based on their final rankings. In other words, MegaETH has entered a new Farming Season, and Terminal will become the core entry point for the next 8 weeks.

This article will outline how to participate in the MegaETH Odyssey event from four aspects: Terminal setup, key applications in the first week, specific interaction paths, and participation strategies.

Setting up MegaETH Terminal

For the next 8 weeks, MegaETH Terminal will be the core entry point for user interactions. On the Terminal page, users can see this week's featured applications, as well as their total points and leaderboard rankings. Additionally, there are other functions at the bottom of the page that will be introduced one by one later.

First, enter the interaction website (link: https://terminal.megaeth.com), and it is recommended to log in directly with a wallet (if you participated in the MegaETH presale previously, you can use the wallet from that participation). After completing the registration, you can enter the Terminal homepage.

Next, complete some preliminary settings before officially interacting, as follows:

  • Account funds: If there are no funds on MegaETH, you can cross-chain enter here (link: http://rabbithole.megaeth.com/bridge);
  • Booster section in Terminal: Here, you can see what boosts your account is eligible for. Boosters cannot be manually activated, but some boosts may have already been automatically added to your account. For example, if you participated in a certain round of MegaETH presale or have previously been active on MegaETH, you may have already received corresponding boosts;
  • Clan section in Terminal: Choose a Clan; they are essentially some NFT communities, but you do not need to hold the corresponding NFTs to join a Clan. Just choose one you like. The core idea when choosing a Clan is to determine which Clan is likely to receive the most pledges.

MegaETH Ecosystem Applications Overview

In simple terms, points are mainly earned by using applications within the MegaETH ecosystem. Currently, how points are calculated has not been disclosed, but it will generally relate to the level of participation and the amount of funds used. Additionally, please note that all applications can be participated in, and it is recommended to cover as many as possible, but each week's Booster can only be allocated to 3 applications. Specific operations can be completed in the top right corner of the Terminal. A safer approach is to experience different applications first, determine the most suitable direction for focused investment, and then allocate Boosters.

This article will focus on the applications recommended by the officials in the first week of the points campaign, as well as several other noteworthy applications.

Kumbaya

Type: DEX

Project Website: https://kumbaya.xyz

Currently, Kumbaya is likely to be the primary DEX to be used on MegaETH.

To earn points, you can perform some basic actions, such as swapping. Alternatively, a more effective method is to provide liquidity for USDm (MegaETH's native stablecoin). The specific steps are as follows:

  1. Enter the interaction website: https://kumbaya.xyz;
  2. Create a new Kumbaya native wallet;
  3. Send ETH from MegaETH to this newly created wallet;
  4. Connect this new wallet to MegaETH Terminal. On the profile page in the Terminal, there will be a very obvious connection button;
  5. Swap a portion of ETH for USDm and USDT0 on MegaETH;
  6. Next, enter this pool: https://kumbaya.xyz/#/pool/0x6c8E5D463a2473b1A8bcd87e1cEA2724203A1D8f-4326
  7. On the right side of the page, you can see "Add Liquidity" and add the USDm and USDT0 that you just swapped;
  8. Then leave the funds in for 8 weeks (you can withdraw at any time).

Additionally, you can interact with Kumbaya's Launchpad, such as buying one or two already graduated meme coins.

HitOne

Type: Perps / GameFi

Project Website: https://app.hit.one/

HitOne is a relatively interesting contract application. In simple terms, each round allows an investment of $1 to $50, and HitOne will randomly open a high-leverage position, which could be a long or a short position, with leverage typically over 400 times. The specific steps are as follows:

  1. Enter the interaction website: https://app.hit.one/r/DM7Q52;
  2. Log in using X account;
  3. Click on Wallet, then click Deposit to add USDm to your wallet;
  4. On the profile page, connect the account to MegaETH Terminal;
  5. Click Spin: it is recommended to start with a small amount to familiarize yourself with the gameplay (the position can be exited for profit at any time);
  6. Tip: Turn on Profit Guard, which can help avoid complete loss in most cases.

Monster

Type: Trading cards

Project Website: https://mnstr.xyz

This application resembles opening Pokémon card packs. Users open packs, choose to keep cards or sell them directly. I have bought a few $250 packs, and the returns are typically average. However, the main purpose of participating in this application is not to make money, but to earn MegaETH points.

The pack prices range from $50 to $1,250. Generally speaking, each pack might incur a loss of around 20%, unless incredibly lucky. The specific steps are as follows:

  1. Enter the interaction website: https://mnstr.xyz;
  2. Connect X account or Web 3 wallet;
  3. Click on the profile page in the top right corner;
  4. There, you can see the wallet, then transfer some USDm;
  5. On the same website, you can find the MegaETH entry, connect to Terminal there;
  6. Open the card packs to experience.

Nextrare

Type: Trading cards

Project Website: https://nextrare.cards/download

Nextrare's gameplay is fundamentally similar to Monster, also earning points through opening card packs, with each pack priced at $50. The specific steps are as follows:

  1. Enter the interaction website: https://nextrare.cards/download;
  2. Download the App: it is recommended to use the same device used to create the MegaETH Terminal account for easier connection later;
  3. Register an account in the App and recharge the wallet using funds on MegaETH or Apple Pay;
  4. Open card packs to experience.

Topstrike

Type: Fantasy Football

Project Website: https://play.topstrike.io

In Topstrike, purchase football players you believe have potential. You can trade these players, buying and selling; you can also hold these players to participate in matches and win points. The specific steps are as follows:

  1. Enter the interaction website: https://play.topstrike.io;
  2. Connect X account;
  3. Use ETH on MegaETH to recharge the wallet;
  4. A banner will appear at the top of the page to connect to MegaETH Terminal;
  5. You can buy and sell some players and hold them for the tournament.

ITS

Type: Trading card game

Project Website: https://itstheseason.xyz/

This is a trading card game where users can buy Booster Packs and then use these packs in the game.

Booster Packs adopt a dynamic pricing mechanism, meaning that the price goes up with every purchase. Therefore, planning to participate, the earlier you buy, the better. The specific steps are as follows:

  1. Enter the interaction website: https://itstheseason.xyz/;
  2. Connect the wallet and top up;
  3. Set a username;
  4. Click on the username, then enter Terminal Profile to connect to MegaETH Terminal;
  5. Spend a small amount to buy a few Booster Packs, then open them.

These are the highlighted applications for this week. The following are not all the highlights from this week’s featured applications, but they may play significant roles in this points season, mainly because they are part of MegaETH's accelerator projects.

PrismFi

Type: DEX / prediction market

Project Website: https://prismfi.cc

PrismFi is built by the BadBunnz team, with specific steps as follows:

  1. Enter the interaction website: https://prismfi.cc;
  2. Make some swaps;
  3. Participate in a few prediction markets.

Cap

Type: DeFi

Project Website: https://cap.app/swap

Users can earn yields by depositing dollar assets, with specific steps as follows:

  1. Enter the interaction website: https://cap.app/swap?to=megaeth:cUSD;
  2. Connect to the wallet (preferably the one already connected to MegaETH Terminal);
  3. Swap ETH or dollar assets on MegaETH for cUSD;
  4. Hold cUSD (pegged to the dollar, can be swapped back at any time).

World Markets

Type: DeFi

Project Website: https://world.inc

Specific steps are as follows:

  1. Enter the interaction website: world.inc/#/trade/spot?tokenId=9
  2. Connect to the wallet (preferably the one already connected to MegaETH Terminal);
  3. Make a few spot swaps, exchange for wiTRY, then hold for a while.

Choosing Key Applications to Use

While using all applications daily may bring the best ROI, a smarter approach may be to select 3 key applications each week and focus efforts on those, which is also the purpose of the Booster mechanism.

Point allocation is based on users' actual usage rather than subjective preferences from the MegaETH team. Therefore, the best strategy might be to choose applications that you would use even if there were no Farming Season.

MegaETH Odyssey Event Participation Strategy

This is a long-term game, so play it as such

The first season will last 8 weeks; this timeframe is not particularly long but is enough for many to lose patience after the second week. The truly high ROI method is not to rush in the first week and then turn to other things but to maintain stable actions throughout the entire period.

It is advisable to perform some on-chain operations on MegaETH every day. Additionally, the points seen in the current Terminal mainly come from records of past participation in the USDm presale activity. Therefore, if current points are low, there is no need to be overly anxious.

You can spend money, but spend wisely

Participating in staking to earn points often requires consuming some funds, unless you choose very conservative methods, such as only providing liquidity for USDm/USDT0.

Pokémon-style card packs, Fantasy Football, and Perps all anticipate possible losses. This does not necessarily pose a problem, as there will ultimately be airdrop rewards, but the key is not to burn money blindly.

You should also find ways to earn money

Meanwhile, staking to earn points does not mean you must lose money. The MegaETH ecosystem actually has many profit opportunities, such as MegaETH NFTs, which have increased tenfold since related posts were published, and there may still be opportunities now.

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