🔥@megaeth_labs launches stablecoin $USDm
@megaeth_labs partners with @ethena_labs to launch stablecoin $USDm.
$USDm will have a 1:1 ratio with $USDtb, a stablecoin backed by $BUIDL from @BlackRock with a profit of 4-5%.
$USDm will be the native stablecoin on Layer 2 @megaeth_labs.
The profit of 4-5% from the BUIDL reserves will be used as revenue for L2, with part currently used to reward the Sequencer to stabilize fees at a fixed level.
With a speed of 100k tps and ultra-low stable gas fees, @megaeth_labs is also aiming for the global payment market.
🔥The origin of @monad
Originating from @jump_, an investment fund, technical development, and market making for @solana.
The @jump_ team started building @wormhole, a bridge to transfer funds from Ethereum to Solana.
> Later, the @wormhole team separated to operate independently and received an investment of 225 million USD.
Another group also split from @jump_ to build @PythNetwork, a fast and cheap oracle running on Solana.
> Currently, @PythNetwork is continuing to build a Layer 1 project with a speed of 100K TPS dedicated to high-performance transactions called @FogoChain.
Once again, another group from @jump_ began to separate to build @monad, a high-performance Layer 1 blockchain (10K TPS).
> @monad is built to address the network congestion and EVM incompatibility issues of @solana.
👉Thus, from the limitations of @solana, a group from @jump_ has separated to build Layer 1 @monad.
From a common roof of @jump_, many groups have separated to create various projects, but it all revolves around the main "key" which is @solana.
Most recently, @jump_ partnered with @Aptos to build @shelbyserves, a project that is no longer related to @solana.
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