FTX is expected to start its asset liquidation process following court approval on September 13th. In total, it amounts to $3.3B, with $SOL being their largest holding with $1B. However, most of their $SOL tokens remain locked until 2028, with 14M-18M tokens distributed since 2020, totaling approximately $300M, which might be used as immediate sell pressure. It is speculated that the remaining $700M could be sold through OTC deals.
DWF Labs and Justin Sun are considering acquiring FTX's assets through OTC deals to reduce the selling impact
dYdX Chain is expected to launch by late September. The Cosmos-based app chain will have $DYDX as its native token, with protocol revenue shared between validators and their stakers
$FXS is expanding into RWA with its upcoming FRAX V3 upgrade, allowing users to access US T-Bills yield on-chain through FraxBonds. Frax's founder, Sam, has hinted at release details in the coming weeks.
$FXS also has two other major upgrades coming next: $frxETH v2, introducing fully decentralized validators and higher node operator capital efficiency, and FraxChain, a hybrid rollup with $frxETH as its gas token
$FXS will also launch the Staked FRAX Program on September 16th. Similar to $MKR's DSR, it will allow users to earn interest on $FRAX at the “Frax Staking Rate”, which will initially target a 5 to 10% annual yield
$UNIBOT will start its Revenue Share program on September 15th, allowing eligible token holders to receive 2% of all trading fees, which was recently reduced to 4%.
Curve DAO **will distribute 30M $CRV** tokens over two years to fund SubDAOs. This comes after 30% of the circulating supply was increased following OTC Sales. Currently, the price is below the OTC buy prices, with Michael Egorov's total outstanding debt of $42m and liquidation prices between $0.17 - $0.27. Since there is no lockup on the tokens preventing OTC buyers from selling, it might be worth monitoring their movement on-chain
DWF Labs has proposed to Abracadabra to be a $SPELL market maker by requesting a 4.6B loan worth $2.2M and acquiring $1M at a 15% discount. The voting ends on September 14th and has received major support with 98% approval
$RDPX V2 is expected to launch by the end of the month. The upgrade features synthetic assets and improved tokenomics
$RDNT will expand to Ethereum in early October. This might present a significant opportunity for the protocol to expand its market, given that Ethereum's market is 5x larger than those of Arbitrum and BNB Chain, which Radiant Capital currently supports.
$ARB Short-term Incentive Program snapshot voting ends on September 18th. The proposal aims to distribute up to 75M $ARB, 0.75% of the total supply, over two months to active protocols. If approved, the program will be rolled out in two phases, starting on October 7th
$APE will unlock 11% of the circulating supply worth $46M on September 16th
Mantle is considering deploying $60M in Ondo Finance's $USDY, a tokenized note backed by short-term US treasuries and banking deposits offering 5% yields. Mantle users can acquire $USDY on the secondary market through DEXes, being able to earn RWA yields without going through Ondo's onboarding process
Token2049 and Permissionless start on September 13th. Being two of the largest crypto conferences, important project announcements might be released during them
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