namik // mega-chef Σ: (@NamikMuduroglu) “alot of people are reading this tweet and thinking shuyao's position = farmers a” — TopicDigg
alot of people are reading this tweet and thinking shuyao's position = farmers are bad. it's not.
the issue with terminal is that users (farmers included) were systematically losing money. the way that current app system was structured (too inclusive) was basically leading lambs to the slaughter.
the ideal scenario is the user (farmers included) make money, or atleast have a clear path to making money. any mega rewards are a cherry on top.
the opposite was happening on the terminal program. this decision was done to protect users. now, farmers who were willing to lose money for a higher APY are upset, and that statement is true because their ability to size more into the trade is no longer available.
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I was scared to terminate Terminal last week. It felt like yet another drastic decision. But I'm very glad we did it. (hard decisions are often the correct ones.)
Yes, farmers and mercenary ecosystem projects are upset. But the amount of support and love from true believers has been overwhelming.
Projects that chose Mega for our tech and bespoke GTM support, and who say they'll never leave, are exactly why I believe Mega's future is bright.
Ending Terminal allows Mega to enter a new phase, one where projects are further empowered by our Financial OS product suite.
It's just better.
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