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

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

Compilation｜Odaily Planet Daily (@OdailyChina); Translator｜Asher (__@Asher 0210__)_

MegaETH will launch TGE today and synchronize the launch of the Terminal Odyssey event. Over the next 8 weeks, MegaETH will distribute a total of 2.5% of the 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 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 main 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.

Set Up MegaETH Terminal

In 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, total points, and leaderboard rankings. Additionally, there are some other functions at the bottom of the page, which will be introduced one by one later.

First, access the interaction website (link: https://terminal.megaeth.com), and it is recommended to log in directly with a wallet (if you participated in MegaETH’s pre-sale before, you can use the same wallet you used then). After completing registration, you can enter the Terminal homepage.

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

• Account funds: If you don’t have funds on MegaETH yet, you can cross-chain in here (link: http://rabbithole.megaeth.com/bridge);
• Booster section in Terminal: Here you can see what bonuses your account is eligible for. Boosters cannot be manually activated, but some bonuses may already be automatically added to your account. For example, if you participated in a MegaETH pre-sale or have had active behavior on MegaETH before, you might have already received corresponding bonuses;
• Clan section in Terminal: Choose a Clan, which are essentially NFT communities, but you don’t need to hold the corresponding NFTs to join. Just pick the one you like. When choosing a Clan, the key idea is to consider 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. How exactly points are calculated is not publicly disclosed, but generally it relates to participation level and the amount of funds used. Also note that all applications are open for participation, and it’s recommended to cover as many as possible, but each week, Booster can only be allocated to 3 applications. You can do this in the top right corner of the Terminal. A safer approach is to first try different applications, identify the most suitable ones for focused investment, and then allocate Boosters accordingly.

This article mainly introduces the applications that the official strongly recommends during the first week of the points activity, as well as several other applications worth paying attention to.

Kumbaya

Type: DEX

Official website: https://kumbaya.xyz

Currently, Kumbaya is expected to be the main DEX used 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 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 new wallet;
4. Connect this new wallet to MegaETH Terminal. On the profile page of Terminal, 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, click Add Liquidity, and add the USDm and USDT0 you just swapped;
8. Leave the funds in the pool for 8 weeks (or withdraw at any time).

Additionally, you can interact with Kumbaya’s Launchpad, such as buying one or two already-launched Meme coins.

HitOne

Type: Perps / GameFi

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

HitOne is an interesting contract-based application. Simply put, each round allows investing from $1 to $50, and HitOne will randomly open a high-leverage position, which could be long or short, usually with leverage over 400x. The steps are:

1. Enter the interaction website: https://app.hit.one/r/DM7Q52;
2. Log in with X account;
3. Click Wallet, then Deposit, to fund USDm into the wallet;
4. On the profile page, connect your account to MegaETH Terminal;
5. Click Spin: it’s recommended to start with small amounts to familiarize yourself with the gameplay (positions can be closed at any time for profit);
6. Tip: enable Profit Guard, which helps avoid total loss in most cases.

Monster

Type: Trading cards

Official website: https://mnstr.xyz

This application’s gameplay is similar to opening Pokémon card packs. Users open packs, choose to hold or sell cards. I’ve bought a few $250 packs, with average returns being modest. But the main purpose of participating isn’t necessarily to make money, but to earn MegaETH points.

Pack prices range from $50 to $1250. Generally, each pack might lose about 20%, unless luck is very good. The steps are:

1. Enter the interaction website: https://mnstr.xyz;
2. Connect X account or Web3 wallet;
3. Click on the profile icon at the top right;
4. View the wallet there, then transfer some USDm;
5. On the same website, find the MegaETH entry, connect to Terminal;
6. Open card packs for experience.

Nextrare

Type: Trading cards

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

Nextrare’s gameplay is similar to Monster, mainly opening card packs to earn points, each pack costs $50, steps are:

1. Enter the interaction website: https://nextrare.cards/download;
2. Download the app: it’s recommended to use the same device where you created your MegaETH Terminal account for easier connection;
3. Register an account within the app, and fund the wallet with funds from MegaETH or Apple Pay;
4. Open card packs for experience.

Topstrike

Type: Fantasy Football

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

In Topstrike, buy football players you believe have potential. You can trade these players (buy and sell), or hold them to participate in matches to earn points. The steps are:

1. Enter the interaction website: https://play.topstrike.io;
2. Connect X account;
3. Fund your wallet with ETH from MegaETH;
4. A banner will appear at the top of the page to connect to MegaETH Terminal;
5. Buy and sell players, and hold them for the tournament.

ITS

Type: Trading card game

Official 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 have a dynamic pricing mechanism, meaning each purchase increases the price. So, early participation might be better. The steps are:

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

That’s all for this week’s featured applications. The following applications are not the main featured ones this week, but they may play important roles in this points season, mainly because they are part of MegaETH’s accelerator projects.

PrismFi

Type: DEX / prediction market

Official website: https://prismfi.cc

PrismFi is built by the BadBunnz team. The steps are:

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

Cap

Type: DeFi

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

Users can earn yields by depositing USD assets. The steps are:

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

World Markets

Type: DeFi

Official website: https://world.inc

Steps are:

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

Choosing Key Applications to Focus On

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

Points are allocated based on actual usage, not based on the MegaETH team’s subjective preferences. So, the best strategy might be to choose applications you are willing to use even outside the Farming Season.

MegaETH Odyssey Participation Strategy

This is a long-term game, play it with a long-term mindset

The first season lasts 8 weeks. It’s not very long, but enough for many to lose patience after week 2. The truly high ROI approach isn’t to rush in the first week and then switch to other things, but to maintain steady activity throughout the cycle.

It’s recommended to perform some on-chain operations on MegaETH every day. Also, the points shown in Terminal mainly come from past USDm deposit activities. So, if your current points are low, don’t worry too much.

You can spend money, but do it wisely

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

Games like Pokémon card packs, Fantasy Football, Perps all expect some losses. That’s not necessarily a problem because there will be airdrops later, but the key is not to blindly burn money.

Find ways to make money too

At the same time, earning points through staking doesn’t necessarily mean losing money. There are many profitable opportunities within the MegaETH ecosystem, such as MegaETH NFTs, which once surged 10x after related posts, and there may still be opportunities now.