Bankless MegaETH Token Launch with Co-Founders Shuyao and Lei
32 snips
Apr 30, 2026 
Lei (technical lead) builds MegaETH’s low-latency L2 architecture and sequencer tech. Shuyao (product lead) designs token strategy, KPIs, and USDM stablecoin plans. They discuss KPI-locked launches and the ten-app milestone, USDM as a revenue engine, co-location and proximity markets for low-latency trading, composability vs appchains, and preparing the chain for AI agents.
AI Snips
Chapters
Transcript
Episode notes
Use Revenue To Buy Back Token Not Pay Founders
- Use protocol revenue to buy back and support token value rather than enrich insiders.
- Shuyao emphasized Mega will use USDM and proximity revenue to repurchase MEGA and avoid core-team windfalls.
Ethereum Decentralization Is A KPI
- MegaETH included Ethereum decentralization as an explicit KPI to align L2 success with Ethereum health.
- Shuyao said allocating token incentives to Ethereum decentralization makes L2 goals consistent with the broader ecosystem.
Transparent Unlocks Replaced Airdrop Farming
- MegaETH launched tokens to pre-sale participants with clear, transparent unlocks and no surprise airdrops.
- Shuyao noted Fluffle NFT buyers were fully unlocked and 20% of early Echo participants were unexpectedly unlocked to return capital.