Convert Based ETH BSDETH to MegaETH MEGA

Based ETH is an RToken on the Base L2 whose mandate is to maintain an Ethereum-aligned Liquid Staking Token basket (with a preference for new LST providers) and to provide value to bsdETH holders through yield and diversification. About Reserve Protocol: Reserve is a free, permissionless platform to build, deploy and govern asset-backed currencies referred to as “RTokens.” RTokens are always 1:1 asset-backed, allowing for permissionless minting and redeeming onchain by users without the need for any middlemen. Overcollateralization is provided by RSR governance token stakers. Each RToken can have an entirely different governance system and is governed separately by ecosystem stakers. The Reserve protocol launched on Ethereum mainnet in October 2022, on Base L2 in October 2023, and completed its seventh audit in November 2023.

MegaETH is the first real-time blockchain, delivering streaming throughput with 10-millisecond latency and up to 100,000 TPS. Developers scale applications with real-time state streaming, while users experience instant transactions. On top of this foundation, MegaETH onboards a new class of applications through its accelerator program, MegaMafia. These applications range from RWA and FX to entertainment finance and complex, fully onchain DEXs. $MEGA is the network token of MegaETH and serves as the economic engine of the ecosystem. Its design rests on two pillars: $USDm, which drives value accrual as capital is deployed across a growing set of native applications, and proximity markets, which monetize access to real-time execution.