During a “higher for longer” interest rates environment, stablecoin projects that find a way share ****those off-chain yields with token holders, while capturing a portion of it to boost their revenue and increase the value of their native tokens, are best positioned to capitalize from it. Such projects include $MKR, $FXS and $CANTO.
50M $ARB will be distributed as part of the Short-Term Incentive Program to eligible ecosystem projects. This might spark a new wave of capital and users flowing into Arbitrum to capture those incentives, effectively starting an Arbitrum-Season. Some of the projects that might benefit the most from it include $GMX, $GNS, $RDNT, $GRAIL, $PENDLE and $JOE. The snapshot voting ends on October 13th, with Perpetual Dexes being the main requesters with GMX, GNS and MUX combining for 30M tokens.
dYdX Chain will launch soon, with $DYDX as its native token and protocol revenue shared between validators and their stakers. In December, however, there will be a large unlock event as 87% of the circulating supply will be distributed to insiders.
$FXS is expanding into RWA with its upcoming FRAX V3 upgrade, the largest since its inception in 2020, allowing users to access US T-Bills on-chain. The docs and initial contracts have been released, with the full launch expected soon. $FXS also has two other major upgrades on the horizon: FraxChain and $frxETH V2
Celsius is expected to distribute up to $3B in digital assets to compensate creditors by the end of the year, with most of these holdings in $ETH and $BTC
FTX estate will liquidate its $2.5B crypto holdings over the next months, with $SOL being their largest holding at $1.3B. However, just $350M is liquid, with the remaining locked and vesting linearly until 2028. Recently, Alameda's stake accounts have been redelegated to new validators, sparking rumors that OTC activity might be happening.
99m $DOT worth $403M from crowdloans will be unlocked on October 24th
With the success of Stars Arena, a friend tech competitor on Avalanche, $AVAX stands to benefit from it. With a better user interface and experience, the app has made over $1M in fees in 5 days since launching.
The decision on Grayscale's lawsuit against the SEC to convert the $gBTC trust into a spot $BTC ETF is expected to be announced on October 13th.
$RLB has started to do the buybacks and burn onchain, using a portion of revenue to purchase . So far, 37.21% of the circulating supply has been burned and it is on track for a $100M yearly burnt $RLB, as it becomes of largest revenue-generating crypto projects
Solana Breakpoint, its largest conference, will take from October 30th to November 3rd.
$AXS will unlock 11.5% of the circulating supply worth $68M on October 20th
$YFI tokenomics upgrade will take place on October 19th, introducing veYFI that will enable protocol revenue-sharing with stakers.
$LOOKS has recently implemented a tokenomics update, with 50% of platform fees used to buyback $LOOKS. Farming rewards have also ended, significantly reducing long-term sell pressure on it.
$RDNT has rescheduled its expansion to Ethereum to October 15th, presenting a good opportunity to expand its market share, as Ethereum has a 5x larger market than Arbitrum and BNB Chani, those that Radiant Capital currently supports.
$RDPX V2 is expected to launch in October, introducing synthetic assets and improved tokenomics.
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