On May 7th, the MegaETH Foundation completed its first MEGA buyback, using all net rewards accrued from the USDm issuer up until the end of April.
Current USDm supply sits at $480M.
We intend future buybacks to be programmatic and onchain.
Season 1 is focused on app discovery on Mega, and might be the first time apps face such user demand.
We are aware of user reports concerning app-launch experiences that missed expectations, and we have taken it into account in this week’s weighting.
More on this topic later.
We introduced KPI unlocks in October, then re-intro'd in January (below).
It is our solution to to the age old question of growing networks and supply in a way that is beneficial to all stakeholders.
App Wave 2 is now live on Terminal
More ways to engage with apps across gaming, DeFi, and DePin.
We've also allowed users to reset their boosted apps if they wish to re-allocate to the new group.
The Apps [thread]