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

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

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

MegaETH will kick off its TGE today and simultaneously launch the Terminal Odyssey event. Over the next 8 weeks, MegaETH will allocate 2.5% of its total supply of MEGA tokens 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. Rewards will then be distributed based on final rankings. In other words, MegaETH has entered a new Farming Season, and Terminal will be the core entry point for the next 8 weeks.

This article outlines how to participate in the MegaETH Odyssey event across four areas: 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 core entry point for user interaction. On the Terminal page, users can see the week's featured applications, 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, visit the interactive website (link: https://terminal.megaeth.com). It's recommended to log in directly with your wallet (if you participated in the MegaETH presale previously, use the wallet you used then). After completing registration, you will enter the Terminal homepage.

Next, complete some preliminary settings before officially interacting, 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 what boosts your account is eligible for. Boosters cannot be activated manually, but some boosts may already be automatically added to your account. For example, if you participated in a certain round of the MegaETH presale, or have been active on MegaETH in the past, you might already have corresponding boosts;
• Clan Section in Terminal: Choose a Clan. These are essentially NFT communities, but you don't need to hold the corresponding NFT to join a Clan. Just pick one you like. The core idea when choosing a Clan is to determine which Clan might ultimately receive the most pledges.

Overview of MegaETH Ecosystem Applications

Simply put, points are mainly earned by using applications within the MegaETH ecosystem. Exactly how points are calculated hasn't been made public, but it's likely related to the level of participation and the amount of funds used. Also, note that while all applications can be interacted with, and it's recommended to cover as many as possible, the weekly Booster can only be assigned to 3 applications. This can be done in the top-right corner of Terminal. A safer approach is to try out different applications first, determine where you want to focus your efforts, and then allocate your Booster.

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

Kumbaya

Type: DEX

Project website: https://kumbaya.xyz

Currently, Kumbaya looks like the primary DEX to use on MegaETH.

To earn points, you can do 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 interactive website: https://kumbaya.xyz;
2. Create a new native Kumbaya wallet;
3. Send ETH from MegaETH to this newly created wallet;
4. Connect this new wallet to MegaETH Terminal. On the Terminal profile page, there will be a prominent connect button;
5. Swap some ETH for USDm and USDT0 on MegaETH;
6. Then enter 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 leave the funds there for 8 weeks (you can withdraw anytime).

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

HitOne

Type: Perps / GameFi

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

HitOne is a rather interesting contract application. Simply put, you can invest between $1 and $50 per round. HitOne randomly opens a high-leverage position, which could be long or short, typically with leverage above 400x. Here are the specific steps:

1. Visit the interactive website: https://app.hit.one/r/DM7Q52;
2. Log in using your X account;
3. Click "Wallet," then "Deposit," and deposit USDm into your wallet;
4. On the profile page, connect your 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/loss anytime);
6. Tip: Enable Profit Guard. This feature helps avoid total loss in most cases.

Monster

Type: Trading cards

Project website: https://mnstr.xyz

The gameplay is similar to opening Pokemon card packs. Users open packs, then choose to hold the cards or sell them immediately. Personally, I bought a few $250 card packs with mediocre returns. However, the main purpose of participating in this app isn't to make money, but to earn MegaETH points.

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

1. Visit the interactive 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 can see the wallet and transfer some USDm in;
5. On the same website, you can see the MegaETH portal. Enter it and connect to Terminal;
6. Open card packs to experience it.

Nextrare

Type: Trading cards

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

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

1. Visit the interactive website: https://nextrare.cards/download;
2. Download the App: It's recommended to use the same device you used to create the MegaETH Terminal account, as this makes subsequent connection easier;
3. Register an account within the App, and fund your wallet using funds from MegaETH or Apple Pay;
4. Open card packs to experience it.

Topstrike

Type: Fantasy Football

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

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

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

Those are the featured applications for this week. The following aren't all the 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. Here are the specific steps:

1. Visit the interactive website: https://prismfi.cc;
2. Do a few Swaps;
3. Also 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 interactive 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 assets for cUSD on MegaETH;
4. Hold cUSD (pegged to the dollar, can be swapped back anytime).

World Markets

Type: DeFi

Project website: https://world.inc

Here are the specific steps:

1. Visit the interactive 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 Key Applications to Use

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. This is precisely the rationale behind the Booster mechanism.

Point allocation is based on real user activity, not on the subjective preferences of the MegaETH team. So, the best strategy might be to choose applications you would use even without a Farming Season.

MegaETH Odyssey Participation Strategies

It's a long-term game, play it long-term

Season 1 lasts for 8 weeks. It's not excessively long, but it's enough for many to lose patience after week 2. A truly high ROI approach isn't to rush in during the first week and then move on, but to act consistently throughout the entire cycle.

It's recommended to do some on-chain operations on MegaETH every day. Also, keep in mind that the points currently visible in Terminal primarily come from past participation in the USDm pre-deposit event. So, don't worry too much if your current points aren't high.

You can spend money, but spend it wisely

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

Activities like Pokemon-style card packs, Fantasy Football, and Perps should come with the expectation of potential losses. This isn't necessarily a problem, as there are airdrop rewards in the end, but the key is not to burn money blindly.

Also look for ways to make money