MegaETH Ends Terminal Season Early and Prepares Final USDM Rewards

MegaETH said it ended Terminal early, will reward eligible users in USDM, and is merging Terminal features into Rabbithole to simplify ecosystem participation and improve user experience.

Summary

MegaETH said it concluded its Terminal program ahead of schedule and is shutting down the project. Week 3 points were distributed and a final snapshot of all user activity was taken to determine rewards, with eligible users set to receive USDM based on cumulative points. The company said reward address submissions will open next week for one week. It also said Terminal features are being merged into Rabbithole as part of a strategic consolidation aimed at streamlining ecosystem engagement, enhancing user experience, and potentially improving application quality and adoption.

Terms & Concepts
  • USDM: A digital asset being used by MegaETH to distribute rewards to eligible participants based on cumulative program points.
  • Snapshot: A recorded state of user activity at a specific moment, used here to calculate final eligibility and reward allocations.
  • Reward address: A blockchain wallet address submitted by a user so crypto-based rewards can be delivered.