A detailed guide on how to participate in the MegaETH Odyssey event

Original title: How to farm MegaETH, by wale.moca (@waleswoosh)

Compiled by Odaily (@OdailyChina); Translator: Asher (@Asher_ 0210)

MegaETH will launch its TGE today and simultaneously kick off the Terminal Odyssey event. Over the next 8 weeks, MegaETH will allocate 2.5% of its total MEGA token supply as airdrop rewards.

This event uses a points ranking mechanism. Users earn points by using MegaETH ecosystem applications, completing interactions, providing liquidity, or participating in various activities. Airdrop rewards are then shared based on final rankings. In other words, MegaETH has entered a new Farming Season, and Terminal will serve as the core gateway for the next 8 weeks.

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

Setting Up MegaETH Terminal

Over the next 8 weeks,MegaETH Terminal will be the primary hub for user interactions. On the Terminal page, users can see this week's featured applications, as well as their total points and leaderboard ranking. Additionally, other functions are available at the bottom of the page, which will be introduced later.

First, navigate to the interaction website (link: https://terminal.megaeth.com). It is recommended to log in directly with your wallet (If you participated in the MegaETH presale before, use the wallet you used then). After completing registration, you will enter the Terminal homepage.

Next, complete some preliminary settings before starting actual interactions, as follows:

• Account Funding: If you don't have funds on MegaETH yet, you can bridge assets here (link: http://rabbithole.megaeth.com/bridge);
• Booster Section in Terminal: Here, you can see which boosters your account is eligible for. Boosters cannot be activated manually, but some may already be automatically added to your account. For example, if you participated in a round of the MegaETH presale or were previously active on MegaETH, you may already have corresponding boosters;
• Clan Section in Terminal: Choose a Clan. These are essentially NFT communities, but you don't need to hold the corresponding NFT to join. Pick one you like. The core strategy when choosing a Clan is to determine which one is likely to receive the most pledges in the end.

A Glimpse at the MegaETH Ecosystem Applications

Simply put,points are primarily earned by using applications within the MegaETH ecosystem. How points are specifically calculated has not been made public, but it is likely related to participation level and the amount of funds used. Also, note that all applications can be interacted with, and it is advisable to try as many as possible, butonly 3 applications can be assigned boosters each week. This can be done in the top right corner of Terminal. A safer approach is to experience different applications first, determine which ones to focus on, and then allocate boosters.

This article focuses on the applications officially recommended for the first week of the points event, as well as a few other noteworthy ones.

Kumbaya

Type: DEX

Project website: https://kumbaya.xyz

Currently,Kumbaya looks to be the primary DEX on MegaETH.

To earn points, you can perform basic operations like Swaps. Alternatively, a more effective method is to provide liquidity for USDm (MegaETH's native stablecoin). Here are the specific steps for USDm:

1. Visit the interaction website: https://kumbaya.xyz;
2. Create a new Kumbaya native wallet;
3. Send ETH from the MegaETH network to this newly created wallet;
4. Connect this new wallet to MegaETH Terminal. On your Terminal profile page, there will be a prominent connection button;
5. Swap some of your ETH for USDm and USDT0 on MegaETH;
6. Then, go to this pool: https://kumbaya.xyz/#/pool/0x6c8E5D463a2473b1A8bcd87e1cEA2724203A1D8f-4326
7. On the right side of the page, you will see "Add Liquidity". Deposit the USDm and USDT0 you just obtained;
8. Then, let the funds remain there for 8 weeks (you can withdraw them anytime).

Additionally, you can interact with Kumbaya's Launchpad, for example, by buying one or two Meme coins that have already graduated.

HitOne

Type: Perps / GameFi

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

HitOne is an interesting perpetual contract application. Simply put,you can stake between $1 and $50 per round. HitOne randomly opens a high-leverage position, which could be long or short, often exceeding 400x leverage. Here are the specific steps:

1. Visit the interaction website: https://app.hit.one/r/DM7Q52;
2. Log in using your X account;
3. Click on "Wallet", then "Deposit", and deposit USDm into your wallet;
4. On your profile page, connect your account to MegaETH Terminal;
5. Click "Spin": It's advisable to start with small amounts to familiarize yourself with the mechanics (positions can be closed for profit at any time);
6. Tip: Enable Profit Guard. This feature helps avoid total loss in most scenarios.

Monster

Type: Trading cards

Project website: https://mnstr.xyz

This application's gameplay is similar to opening Pokémon card packs. Users open packs and choose to hold the cards or sell them directly. I bought a few $250 card packs, but the returns were average. However, the main purpose of participating in this app is not to make money, but to earn MegaETH points.

Card pack prices range from $50 to $1250. Typically, you might expect to lose around 20% per pack on average, unless you are exceptionally lucky. Here are the specific steps:

1. Visit the interaction website: https://mnstr.xyz;
2. Connect your X account or Web3 wallet;
3. Click on the profile page in the top right corner;
4. There you will see your wallet; transfer some USDm into it;
5. On the same website, you can see the MegaETH entry point. Enter and connect to Terminal;
6. Open card packs to experience the gameplay.

Nextrare

Type: Trading cards

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

Nextrare's gameplay is essentially similar to Monster's, also earning points by opening card packs. Each card pack costs $50. Here are the specific steps:

1. Visit the interaction website: https://nextrare.cards/download;
2. Download the App: It is recommended to use the same device you used to create your MegaETH Terminal account for a smoother connection process later;
3. Register an account within the App and fund your wallet using funds on MegaETH or Apple Pay;
4. Open card packs to experience the gameplay.

Topstrike

Type: Fantasy Football

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

In Topstrike, you buy football players you believe have potential. You can trade these players (buy and sell) or hold them to compete in tournaments to earn points. Here are the specific steps:

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

ITS

Type: Trading card game

Project website: https://itstheseason.xyz/

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

Booster Packs use a dynamic pricing mechanism, meaning the price increases with each purchase. So, if you plan to participate, buying earlier might be more advantageous. Here are the specific steps:

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

These are the featured applications for this week. The following are not all the highlighted applications of the week, but they may play an important role in this points season, mainly becausethey are part of MegaETH's accelerator program.

PrismFi

Type: DEX / Prediction market

Project website: https://prismfi.cc

PrismFi is built by the BadBunnz team. Here are the specific steps:

1. Visit the interaction website: https://prismfi.cc;
2. Perform a few Swaps;
3. Participate in a few prediction markets.

Cap

Type: DeFi

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

Users can earn yield by depositing dollar-denominated assets. Here are the specific steps:

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

World Markets

Type: DeFi

Project website: https://world.inc

Here are the specific steps:

1. Visit the interaction website: world.inc/#/trade/spot?tokenId=9
2. Connect your wallet (preferably the one already connected to MegaETH Terminal);
3. Perform a few spot Swaps to get wiTRY, then hold it for a while.

Choosing Applications to Focus On

While interacting with all applications daily might yield the best ROI, a smarter approach might be toselectively focus on 3 applications each week and concentrate efforts on them. This is precisely the purpose of the Booster mechanism.

Point allocation is determined by actual user engagement, not by the subjective preferences of the MegaETH team. Therefore, the best strategy might be to choose applications you would use even without a Farming Season.

MegaETH Odyssey Participation Strategy

This is a Long Game, Play it Long

Season 1 lasts 8 weeks. This isn't exceptionally long, but it's enough for many to lose patience after week 2. The truly high-ROI approach isn't to go all-in during week 1 and then switch to other things, but to maintain consistent activity throughout the entire cycle.

It is recommended to perform some on-chain operations on MegaETH every day. Also, the points currently visible in Terminal mainly come from records of participation in the USDm pre-deposit event. So, if your current points are low, don't worry excessively.

Spend Money, But Spend Smartly

Participating in point farming often requires spending some funds, unless you choose very conservative methods, like just providing liquidity for the USDm/USDT0 pool.

For Pokemon-style card packs, Fantasy Football, and Perps, you should anticipate potential losses. This isn't necessarily a problem, as there are eventual airdrop rewards, but the key is not to burn money blindly.

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