Megaeth, a layer-2 protocol of Ethereum supported by Vitalik Blerin, announced The upcoming launch of an Ani-Bearing Stablecoin that can give it a different business model than the traditional L2S, which drives revenue through transaction fees.
Stablecoin, USDM, was developed in collaboration with Etherna, an algorithmic stablecoin protocol included $ 13 billion in total amount locked (TVL). It will be launched in the USDTB Infrastructure of Ethena, which the channels are reserved for Blaidrock’s Buidl – a tokenized US Treasury Bill Fund with a $ 2.2 billion market cap and stable yield, According to To RWA.XYZ.
The yield from stablecoin reserves will be reported to be used to offset the fees in order, Ethereum gas costs a layer-2 that harms when published batches of transactions in the main chain.
The suggested model may reduce the need for fees in order, rather than drawing the yield from an alternative sources. In a statement, Megaeth co-founder Shuyao Kong said the USDM Stablecoin is “less fees for users” and allows “more expressive design space for applications.”
https://www.youtube.com/watch?v=20zFedQDKL8
Ani-Bearing stablecos are digital assets turned to another possession, such as a fiat currency, and form a yield To the holders.
The supply of yield-bearing stablecoins advanced following the passage of the Genius Act to the United States, prohibiting those who provided the offer of yield-forming stablecoins. USDE and the USDS by Etherna and the USDs belong to the main beneficiaries of strict policies.
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Ethereum fee
Sequencer fees have led to controversy, specifically in the Ethereum ecosystem, where some believe in the network should request more of the payment pie.
According to the token terminal, Ethereum has collected $ 1.1 billion in last year’s calendar year fees. However, the amount of fees collected has fallen since February.
Magazine: Launching Megaeth can save Ethereum … But at what cost?
