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Key Takeaways
- MegaETH is launching a $USDC bridge with a $250 million cap to facilitate USDM pre-deposits.
- Users who deposit $USDC will receive a 1:1 USDM allocation and qualify for a rewards campaign.
MegaETH today announced the launch of a $USDC bridge with a $250 million cap for USDM pre-deposits. The bridge will enable users to deposit $USDC from Ethereum mainnet and receive USDM in return.
As part of the campaign, users will receive an allocation of USDM based on the amount of $USDC they deposit. Participants will also be included in MegaETH’s rewards campaign, earning points tied to their pre-deposit activity.
The pre-deposit bridge opens on Tuesday, November 25, and remains active until the $250 million cap is reached or just before the MegaETH mainnet launch. Deposits operate on a first-come, first-served basis, and while individual contributions are uncapped, each participant must register with a single KYC-verified wallet tied to the $MEGA public sale on Sonar.
Only $USDC on Ethereum mainnet is eligible for deposit, and funds cannot be withdrawn once committed. On MegaETH mainnet day 1, depositors will receive USDM at a 1:1 ratio directly to their verified wallet, with no restrictions or lockups.
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