Megaeth, Ethereum layer-2 protocol supported by Vitalik Buterin, announced The upcoming launch of Stablecoin containing performance, which can give it a different business model than a conventional L2S, which drives revenues through transaction fees.
Stablecoin, USDM, is developed in cooperation with Ethen, the Algorithmic protocol Stablecoin With USD 13 billion in total blocked (TVL). It will introduce to the USDTB Etheni infrastructure, which channels reserves Blackrock’s Buidl – a toxicated American Banking Fund with a market capital $ 2.2 billion and constant efficiency, According to to rwa.xz.
The performance from Stablecoin reserves will be apparently used to balance sequencers’ fees, Ethereum gas costs a layer 2 when issuing a transaction part to the main chain.
The proposed model can reduce the need for sequencer fees, instead they derive from the efficiency from an alternative source. In the statement, the co -founder of Megaeth Shuyao Kong said that Stablecoin USDM “will reduce fees for users” and allow “more expressive design space for the application.”
https://www.youtube.com/watch?v=20zfedqdkl8
Stablecoin containing performance are digital assets established to another resource, such as the Fiduat currency, which generates performance for owners.
Delivery of stableleins containing performance increased after the passage of the Genius Act in the United States, which prohibits issuers from offering stableleins generating performance. The threads of Etheny and Sky were one of the main beneficiaries of the exact rules.
Related: Devs Ethereum and L2 leaders enter the based and native rolling
Ethereum fees
Fees for sequencers caused controversy, especially in the Ethereum ecosystem, in which some believe that the network should require more cookies.
According to the token of the terminal, the ethereum has gathered $ 1.1 billion in the previous calendar year. However, the number of charges charged has dropped since February.
Warehouse: Megaeth can save Ethereum … but at what cost?
