一文详解如何参与MegaETH奥德赛活动

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

Compiled by Odaily (@OdailyChina); Translated by Asher (@Asher_ 0210)

MegaETH is set to launch its TGE today, simultaneously kicking 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 adopts a points ranking mechanism. Users can earn points by using MegaETH ecosystem applications, completing interactions, providing liquidity, or participating in various activities, and will share in the airdrop rewards based on their final ranking. In other words, MegaETH has entered a new Farming Season, and Terminal will be the core gateway for the next 8 weeks.

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

Setting Up MegaETH Terminal

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

First, go 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, you can use the wallet you used at that time). After completing the registration, you can enter the Terminal main page.

Next, complete some preliminary setup before interacting, specifically as follows:

• Account Funding: If you don't have funds on MegaETH yet, you can bridge here (link: http://rabbithole.megaeth.com/bridge);
• Booster Section in Terminal: Here you can see what boosts your account is eligible for. Boosts cannot be activated manually, but some may already be 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 boosts;
• Clan Section in Terminal: Choose a Clan. They are essentially NFT communities, but you don't need to hold the corresponding NFT to join a Clan. Just pick the one you like. When choosing a Clan, the core idea is to judge which Clan might eventually get the most pledges.

Overview of MegaETH Ecosystem Applications

Simply put, points are mainly earned by using applications within the MegaETH ecosystem. The exact calculation of points is not publicly available, but it will roughly correlate with the level of participation and the amount of funds used. Also note that while all applications are available, and it's recommended to try to cover them all, the weekly Booster can only be allocated to 3 applications. This can be done in the top right corner of Terminal. A safer approach is to first experience different applications, identify the direction you want to focus on most, and then allocate the Booster.

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

Kumbaya

Type: DEX

Project Website: https://kumbaya.xyz

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

To earn points, you can perform basic operations like swapping. Or, a more effective way is to provide liquidity for USDm (MegaETH's native stablecoin). The specific steps are as follows:

1. Go to 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. In the Terminal profile page, there will be a prominent connect button;
5. Swap some 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'll see 'Add Liquidity'. Add the USDm and USDT0 you just swapped;
8. Then let the funds sit there for 8 weeks (you can withdraw anytime).

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

HitOne

Type: Perps / GameFi

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

HitOne is a fairly interesting contract-based application. Simply put, you can bet between $1 and $50 per round. HitOne randomly opens a high-leverage position, which could be long or short, typically with leverage over 400x. Specific steps are as follows:

1. Go to the interaction website: https://app.hit.one/r/DM7Q52;
2. Log in using your X account;
3. Click on Wallet, then click Deposit to deposit USDm into the wallet;
4. On the profile page, connect the account to MegaETH Terminal;
5. Click Spin: It's recommended to start with small amounts to get familiar 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 cases.

Monster

Type: Trading cards

Project Website: https://mnstr.xyz

This application's gameplay is similar to opening Pokémon card packs. Users open card packs, then choose to hold the cards or sell them directly. I've bought a few $250 packs myself, and 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. Generally, you might expect an average loss of around 20% per pack, unless you get particularly lucky. Specific steps are as follows:

1. Go to the interaction website: https://mnstr.xyz;
2. Connect your 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 see the MegaETH entry point, enter it and connect to Terminal;
6. Open card packs to experience the game.

Nextrare

Type: Trading cards

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

Nextrare's gameplay is basically similar to Monster's, also earning points by opening card packs. Each card pack costs $50. Specific steps are as follows:

1. Go to the interaction website: https://nextrare.cards/download;
2. Download the App: It's recommended to do this on the same device you used to create your MegaETH Terminal account, making subsequent connections easier;
3. Register an account in the App, and fund your wallet using funds on MegaETH or Apple Pay;
4. Open card packs to experience the game.

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 participate in matches and earn points. Specific steps are as follows:

1. Go to 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 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 them 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. Specific steps are as follows:

1. Go to the interaction website: https://itstheseason.xyz/;
2. Connect your wallet and fund it;
3. Set a username;
4. Click on the 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.

Those are this week's featured applications. The following are not all the key highlights of this week's featured apps, but they might play an important role in this points season, mainly because they are part of MegaETH's accelerator program.

PrismFi

Type: DEX / prediction market

Project Website: https://prismfi.cc

PrismFi is built by the BadBunnz team. Specific steps are as follows:

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

Cap

Type: DeFi

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

Users can deposit USD assets to earn yield. Specific steps are as follows:

1. Go to 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 USD assets for cUSD on MegaETH;
4. Hold cUSD (pegged to USD, can be swapped back anytime).

World Markets

Type: DeFi

Project Website: https://world.inc

Specific steps are as follows:

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

Choosing Applications to Focus On

While using all applications daily might yield the best ROI, a smarter approach might be to focus on 3 applications each week and concentrate your efforts on them, which is the purpose of the Booster mechanism.

Points distribution is based on actual user activity, not on the subjective preferences of the MegaETH team. Therefore, the best strategy might be to choose applications you would use even without the Farming Season.

MegaETH Odyssey Event Participation Strategy

This is a Long Game, Play it Long

Season 1 will last 8 weeks. This isn't extremely long, but it's enough for many people to lose patience after week 2. The truly high ROI approach isn't to go all-in during the first week and then move on to other things, but to maintain consistent activity throughout the entire period.

It's recommended to do some on-chain operations on MegaETH every day. Also, the points currently visible in Terminal mainly come from records of past participation in the USDm pre-deposit event. So, if your current points aren't high, there's no need to worry excessively.

You Can Spend Money, But Spend It Smartly

Participating in staking to earn points often requires some capital outlay, unless you opt for a very conservative method like just providing liquidity for USDm/USDT0.

For things like Pokémon-style card packs, Fantasy Football, and Perps, you should expect some losses. This isn't necessarily a problem because of the final airdrop rewards, but the key is not to burn money blindly.