bread.mega

We don't have enough quality blockspace.

@Shooooom9 @imluidji Who's not acknowledging responsibility though? We're very literally doing that. We've acknowledged, given our reasoning and what our path forward is. And we're not going anywhere.

@bread_ @imluidji I believe good leaders shall bear responsibility for their actions. Setting long term rules affects many participants. If you change rules momentarily but refuse to bear responsibility - it is bad leadership and will negatively affect your project. It was better to ignore NFTs.

So far, the recent news have been a net negative for everyone who has been contributing, supporting or building on their chain. It doesn't matter which app you used or which NFT/token you bought, they're down tremendously since the recent announcement. Example: I was looking forward to the Season 2 of @playhuntertales so I bought some $CROWN and Hunters (NFTs). Now chances to see an S2 coming are all gone. I wish that was all: every single NFT they encouraged us to buy for pledge competition and points boost are all down between 30-60%. Portfolio on @TopStrikeIO is down 30-40% despite it going through some solid momentum with the WC 2026. All of this also add a major impact on the PA of $MEGA which is basically down ~60% from ATH in 3 weeks. On the building side, most dApps have lost the few users they worked hard to attract. Everyone is bridging out of them, and the chain because the sentiment is at its lowest since then. Only @Euphoria_fi, @beefyfinance and @aave seem to be spared from this. It took me a while to process this, so while I'm very happy that this will potentially benefit MegaETH long-term, that decision completely disregarded their community and users who are left out with nothing but a net loss on every asset they held. I will be happy to QRT with a more positive POV if the compensation I'll receive from the foundation next week will make up to it.

@Smudge48DEFI Go to market

@bread_ I keep reading GTM, I can’t ignore it anymore … what does GTM mean?

The changing of plans and that impact on users and apps is not lost on us. I think the discussion would benefit from understanding what these decisions mean operationally for us, though, and how that translates to a better outcome for both users and apps. First, I want to orient towards Terminal as a product (not a program). We received a lot of compliments on the aesthetic, the features, the function and overall how it came together. Many of us felt the same internally. Not perfect by any means, but novel, fun and quality. A small team was dedicated to just that. They are now freed up internal resources. Also freed up: → Engineers managing the weekly database updates, SDK updates and prod pushes → Data team tracking onchain behaviors, points distributions and calibrations. → Marketing, BD and ecosystem teams coordinating all of these changes with the 50+ teams either included or in discussions That is all to say that, especially for a lean team like Mega, keeping a program like Terminal going on time and energy resources alone was not a small effort. This decision was made not only because the spend was not justified in a literal rewards sense, but also a time and energy resource sense. We can now direct those things in an opinionated fashion to what you, as users, called out during the campaign. Many thought the Terminal experience was good-to-great, but the ultimate landing spot (the apps) weren't up to the same quality. So we put more time and energy into: → Curating ambitious founders and novel apps → Creating more-pointed GTM and campaign programs for specific apps → Creating net-new distribution channels for our ecosystem → Uplifting the entire ecosystem with products like MOSS SDK and, eventually, M(OS)S. More of the non-scalable things we've executed on well to get to this point and the reason you believed in Mega in the first place. Anyways, bringing it all back around, I just want to say that I hear you. We hear you. These decisions aren't made lightly but we believe our ability to evaluate and adjust dynamically on new information is very much a strength of ours, even if it comes with friction. All this decision does is acknowledge the realities of 2026 for generalized campaigns and re-focus us on what has always mattered: apps and a unified, first party experience built atop the most performant generalized execution environment in existence. A picture for those who don't like reading.

The question was specifically about apps being live, which is what I was answering. "Have to ask, after so many months in prod, why was almost no “mafia” dapp ready to go at launch outside of basic amm and Avon vault" My answer to this is "it's really hard to coordinate novel apps." They all have unique dependencies, either on each other (World <> HIt), the chain (Euphoria), offchain entities (Brix) or literally just design iterations needed for something with no blueprint. Trust me - we worked very hard to try and get as many ready to go on our dates as possible, and even moved our dates to accommodate, but there are far (far) more dependencies to starting an ecosystem than anyone on the timeline can possibly fathom. Honestly. So we gave as much time as we could while managing prior commitments and internal/external expectations, worked to coordinate and then ultimately shipped. Is what it is.

@bread_ @Crypto_shogun23 @EltommytoC But it wasn't closed. If eco/chain was live and (afaik) most of tvl was brought in from the aave/ethena deal, how did the tge materially affect this info? (I get you think I'm an antagonistic whiner, but this is a genuine question. Trying to understand team's thought process)

Going to walk down the post and address what I can because I think you've earned it as a longtime community member. -------------------- "MegaETH is supposed to be a chain for apps, and now you're undermining some that were boosted by the campaign." >>> We are not undermining apps with this move. In fact, we are re-emphasizing our efforts on apps because we recognize that that is how we win. The problem is that we evaluated Terminal data and saw that it wasn't the best deployment of our time and resources. Our superpower, right now, is the stuff that doesn't scale: Hands-on product feedback personalized GTM. We drifted to far from that, saw it, and are now going back to it. It doesn't mean programs and campaigns stop going forward - it just means they're more opinionated than Terminal was (and how we used to do them). The problem wasn't solely inorganic activity, but it was a factor. The problem is that in 2026 we weren't able to attract the good activity with the inorganic activity. It was disproportionate and a bad influence on our apps. Users overwhelmingly creating noise and low-quality feedback (but there was good to be found). -------------------- "The boosts weren't perfect, and early users weren't rewarded for activity before Terminal, except for certain boosts. But what are you going to do for us?" >>> This is hard for me to interpret because one of the singular largest feedbacks we got for Terminal was that it was TOO strongly favoring existing users. Example comment (with 10k impressions): x.com/cpongl/status/… It's true too. Point allocations gained to this point heavily favored pre-Terminal users because of their multipliers and was going to decay over time (but that didn't have time to play out). -------------------- "Why not just finish season 1 and stop the campaign as planned after two months?" >>> I think it's important to remind everyone that Terminal and points are a cost to us. They are not imaginary or free. So your ask is "Why didn't you continue to run a program that you believe was ineffective or a misallocation of resources for longer because I was doing it?" We saw that the spend was leading to an outcome that didn't justify the cost, so we shut it down and will re-route the resources elsewhere. -------------------- "MOSS won't solve anything, and you're hiding behind it. We need fapps, consumer dapps, Morpho, and Pendle." We very much are not hiding behind it - we're clearly communicating to you what we think will lead to the thing you're specifically asking for within our ecosystem. MegaETH is technologically great. So great, in fact, that it's forcing us to have to re-build everything around us so that the underlying can even be leveraged. Indexers, block explorers, and now wallets (MOSS). See: x.com/Barthazian/sta… The current ecosystem isn't built for our chain, so we're taking some of that into our hands. People complain that our apps are slow, have too many clicks or a new one is required for every application. It ruins the experience on Mega and dampens users willingness to explore on different applications because they have to top up everywhere. Well guess what? MOSS fixes this. That means net-new applications can spin up, leverage MOSS and immediately have responsive experiences that tap into funds users have on MegaETH for other apps that use MOSS. No more new wallets. THAT is how we unify the eco and give new apps the ability to instantly have access to liquidity and performance. It's also why we're focusing on it. -------------------- "How will you reward those who were there before Terminal? >>> Covered above. -------------------- "Do you really think that people who wanted to deposit USDM and received points without using the chain deserve them? They would receive USDM even though they contributed nothing? Some didn't even touch the chain and are in the top 100. That deserves a redistribution to those who actually used the chain. >>> Why do you assume this is the case? x.com/0xHeisenbruh/s… -------------------- "How will you give value to Mega? With MOOS, will we be able to pay for gas in Mega or USDM?" >>> Yes, you can. Gas sponsorship, pay-in-any-token are both features. That is the strongest value prop of MEGA which we have detailed elsewhere plenty of times. Value there comes from USDm growth first and foremost which is what we're focusing on instead of Terminal. -------------------- "How will you revitalize the system to attract dApps used after this latest failure?" >>> By doing exactly what we told everyone we would do; getting back to non-scalable, heavy focus on key apps that will set Mega apart from the rest of the world and attracting net-new users from both inside and out of CT.

@loustqqqq @NxTerminal @playhuntertales Very soon, but comes with an adoption phase by apps so don't expect the entire eco to flip overnight. Some apps will be ready day 1 tho

@bread_ @NxTerminal wen moss bread because we need @playhuntertales s2 its been 2 months

Play @NxTerminal

because some of the cited dependencies depend on a live ecosystem? How are oracle stability, TVL and Bridge liquidity going to change in a closed ecosystem? The point is that there is literally never a perfect time and some things require a live system to even be discovered. So you ship with what makes sense and grow.

@bread_ @Crypto_shogun23 @EltommytoC Then why did you launch?

@Crypt0Panda @0x_Abdul Yea. I'm more surprised people are surprised

@0x_Abdul you clearly haven't seen 2022 tolly. he has multiple times said that SOL's only use case is to be there for spam prevention

is this cope or does toly fundamentally misunderstand sol's biggest use case for the past two years??

@bigchog @NxTerminal Was in the car. In the waiting room now 🫣

@bread_ @NxTerminal bro aren't you on a surgery table rn??

@charcoded @eth_milano Omg I should have come

what other conference is catering All’Antico Vinaio for all attendees and charging €69 a ticket? crypto conferences are dying because they’re greedy and treat their attendees like cattle. ETH Milan is thriving because it’s a thoughtfully curated grass roots initiative.

@joakimhi Could just be stables (through tempo) with optionality in top via Stripe

wait it seems Daisy stopped using stablecoins?

@Jakeronthia_ Happy to be put in touch. We're not stopping anything - we're just changing how it's delivered

An open letter to MegaETH team - Most of apps/nfts yesterday were fucked - Any long/mid/short plan to approach to the ecosystem totally died This is the proof below:

It's just very hard to coordinate ambitious projects around a singular day, week and even month. There are just way too many dependencies for novel applications. Liquidity, oracles, design iterations, market data, etc, etc. This applies to us and launching the chain as well - lots of things come up that no one anticipates. Perfect world everyone can synchronize but it just wasn't the reality, so we gave teams their time

Have to ask, after so many months in prod, why was almost no “mafia” dapp ready to go at launch outside of basic amm and Avon vault that had no yield sources beyond an un-incentivized aave pool and was forced to close? Seems odd to command that presale fdv when the presumption from marketing was that there was an ecosystem waiting to be unleased day 1, but it was just a couple of amm’s, perp dexes with no differentiation or user acquisition plan, and some gambling. No idea why aave was not subsidized à la Ink gameplan to kickstart the defi flywheel with P2P payments and some semi-exotic defi to highlight usdm as well.

@ThugNumber3 @EltommytoC Things take time, unfortunately. Perfect world it was but we weren't willing to jeopardize it for marketing purposes

@bread_ @EltommytoC Why wasn’t MOSS ready at launch? That seems to be the main issue

@wholisticguy @worldmarketsinc I have and it is aggravating. I know they use their own app though, and it's clearly working for him in the video. I still want a new UI x.com/bread_/status/…

@bread_ @worldmarketsinc Are you actually trading with it yourself? The complaints are not surface level colour choices, it was straight up dysfunctional As in I didn’t think I could trust it to execute my intended order

Look, guys, I get it, @worldmarketsinc UI could use some work. But there is genuine value in their construction (universally-aware spot-lending-perp CLOB) and automated positioning/risk engine. Once you have someone like Lucas walk you through how it operates you get a sense for what they're building for.

@icobeast Why AI?

Six months later this concern is stronger than it was when I first expressed it. At the same time I remain optimistic. ETH is positioned as the best L1 to capitalize on AI and privacy narratives...and those are just beginning to catch

@CDIIIcrypto Okay but I answered him. What's the next reason? x.com/i/status/20575…

@bread_ maybe because the questions are such you don't want to answer cus you know he will fud

he will keep asking what clarity is needed and when a user asks the question on which clarity is needed he doesn't reply anything

It's crazy that a 250B asset needs "redemption." Who's to say it's not accurately priced? MegaETH by itself won't save it. No external execution environment will. We'll expand the surface area of ETH because we use it as gas, but ETH the asset only wins if Ethereum can attend on its own and escape the revenue chain comparisons narratively. That might only come when Bitcoin faces existential threats with security budget, Saylor and/or quantum risks and that cohort of users is forced to answer the question of "what's the next best asset for my thesis?" (it was always ETH)

@palis what drives eth redemption arc? megaeth?

I distinctly remember last bear market multiple viral tweets talking about “how do we get Bankless to sell their ETH”/“ETH will never pump again until Bankless sells” It took another whole cycle of underperformance but it finally happened. I never expected it could. God works in mysterious ways

@unicorsha666 This was chatgpt

@bread_ What AI do you use to create such beautiful and detailed pictures?

Feeling even MOSS-y-er