August Focus: Basechain, SHIB Layer2, GNS, and Frax's latest developments.

雨中狂睡

23-08-02 14:08

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Original Title: "August Outlook: Basechain, SHIB Layer2, GNS and Frax's New Moves"

Original Author: Rainy Sleep

GM or GN

The August outlook is here.

In August, many things will happen, but to simplify, I will only talk about the events and analysis that are rated S in my mind, as well as the corresponding opportunities.

This article will mention:

-Basechain

-SHIB Layer2

-GNS

-Frax v3、RWA、frxETH v2

-SEI&CYBER、LTC、GMX、EVMOS、SSV、SPARTA、LOOT、APE

Basechain

Basechain unexpectedly went live. However, due to the conclusion I drew from the Pauly incident earlier - the risk of the Chinese government became increasingly high, I did not actively participate in the Chinese government on Basechain, although I once envied the wealthy Chinese government players. But in the end, I did not participate.

My expectation for Basechain is still $OP $VELO, and I have also bought some for a few swing trades. I have done a detailed analysis before making these trades, and I will do a thorough review after the $VELO trades are completed.

Additionally, it is worth noting that there have been no promising protocols emerging from the early Basechain ecosystem. However, we will continue to monitor the situation.

SHIB

Shib's opportunity is focused on the launch of Layer2 (the summit will be announced soon, and developers have also mentioned that it will be launched in the near future). The reaction now is definitely late, because $BONE has already risen a lot, but $LEASH seems to have potential space, and its price is similar to my buying price at that time. Currently, there is nothing to deeply explore about SHIB Layer2. In the current Layer2 War, Shib Layer2 does not have an obvious competitive advantage. Often, it is time to withdraw before the good news lands.

GNS

I am closely following the upgrade of $GNS's native token empowerment. Previously, the GNS team would receive 16% of the protocol revenue, but now, in order to promote the growth of $GNS, an additional 1 million tokens will be minted (supply +3.3%) and given to the team. Within a year, the team can only stake $GNS (previously owning 1.27M $GNS). In addition, to adjust and compensate for the income of GNS NFT BOT, the team will issue an additional 3.36M $GNS (supply +11%) to incentivize them (6-month linear vesting, immediate redemption with a 25% penalty). The reward for $GNS stakers will also be adjusted from 33% to 61%. This will happen in September. I will continue to track this matter and analyze it from a data perspective (there will be new articles).

https://medium.com/gains-network/gns-tokenomics-plan-q3-2023-260c64ddd560#96bb

Frax Finance

Previously, the founder of Frax mentioned that Frax v3 will be launched within 30 days, which means the product will be released in August. However, I don't think v3 will be able to solve Frax's current revenue problem. It still depends on the performance of the v3 product after its launch. If the data performance is average, $FXS may still be a good landing option. Frax also has frxETH v2 and Fraxchain's product implementation in the future, but the most important thing is to see if the market will buy it. Following trends and capturing narratives is what the Frax team is best at, and the RWA strategy that Frax is about to announce is also my focus of attention.

https://twitter.com/OuroborosCap8/status/1684890389906698241

BN Launchpool——SEI&CYBER

LTC - The halving event will occur on August 4th.

GMX - v2 may be launched in August.

EVMOS 2.0 will be launched on August 2nd, which will change Tokenomics. Further details will be provided by the official announcement.

SSV - The mainnet launch time may be announced today.

SpartaDEX - $SPARTA will be launched on August 3rd. Friends who have read my alpha call should know. In order to get the airdrop, I bought NFT, which also has profits (50%-100%). Selling in advance is also a good trade. However, I choose to gamble on the airdrop, which may bring more profits.

Lootbot - a TG BOT dedicated to claiming airdrops, will soon launch a paid version and features such as earning $LOOT dividends.

Finally, loyal viewers must know that I have been adjusting the style of the "Monthly Outlook" series. Similarly, I am also adjusting the style of this article, hoping to present more informative content. In this article, I mainly provide a rough description and simple analysis of the events, and will provide detailed analysis of the relevant events in future articles for higher efficiency.