Cutting-edge design for a better experience
MegaUSD has a functional, logical and immutable design roadmap to optimize values for all stakeholders:
Automated reflexive peg
Single-transaction reweighting keeps the peg tight without waiting for off-chain price updates.
Upgradeable integrations
Timelocked, on-chain upgrades let the community patch or optimize code without migrations or liquidity splits.
Frequently asked questions
You can find more information about MegaUSD’s mechanism, function and planning. It aims to help users and stakeholders find the information they need quickly and easily. Still have more questions or need further information? Just keep in touch with our team to get back with a response soonest.
What’s MegaUSD?
MegaUSD is a purely on-chain, algorithmic stabilizer designed for DeFi. It maintains a certain pricing peg without relying on external price oracles or custodial reserves, using smart-contract incentives to balance supply and demand directly against AMM liquidity pools.
How does MegaUSD maintain its $1 peg without oracles?
The usdPrice() function samples AMM pool reserves (with optional TWAP smoothing) to compute the current collateral-per-token ratio. This oracle-free on-chain call powers both peg enforcement and fee calculations in a single step.
Can I trust that MegaUSD will stay secure and up to date?
Absolutely. MegaUSD uses a TransparentUpgradeableProxy pattern: the proxy address you interact with never changes, while implementation upgrades happen through a timelocked, on-chain governance vote calling upgradeTo(newImplementation). Every version is verified on block explorers for full transparency.
What happens in an emergency or extreme market event?
The contract includes safety functions such as pause() / unpause() to halt minting and burning if needed, and recoverERC20(token) to rescue any stray tokens. Community governors can vote to trigger these measures, ensuring rapid, coordinated response to protect users.
How can I participate in MegaUSD governance plan?
Holders of the governance token can propose and vote on parameter changes (e.g., fees, collateral ratios) via the on-chain voting module. Once a proposal passes, the timelock executes setParameter() or upgradeTo(), so you have direct influence over MegaUSD’s evolution.
Which blockchains are available to support MegaUSD integration?
MegaUSD’s core contracts are deployed behind a universal proxy that can be instantiated on multiple EVM-compatible chains. It’s been started and initiated on Nexi chain and it has a development plan to expand through other EVM-supported L1/L2 chains.