Research Summary
The report discusses the latest developments in the DeFi sector, focusing on the incentive programs of Arbitrum and Polygon, the potential airdrop from LayerZero, and the features of Holdstation’s Account Abstraction Wallet. It also highlights the growth of GMX V2 TVL and the upcoming announcements from Polygon.
Key Takeaways
Arbitrum and Polygon’s Incentive Programs
- Arbitrum’s Incentives: The report mentions that $44.17M worth of tokens have been bridged to Arbitrum L2 in the past week. GMX V2 TVL has almost doubled since the protocol started distributing ARB rewards, indicating the strong impact of incentives on protocol growth.
- Polygon’s Announcements: Polygon has announced a $90M ecosystem incentive program, a partnership with Near Foundation, and a major upgrade of the MATIC token. The report suggests that these developments could significantly increase Polygon’s popularity and utility.
LayerZero’s Potential Airdrop
- LayerZero’s Airdrop: The report hints at a potential airdrop from LayerZero, a protocol that enables building cross-chain applications. The odds of a LayerZero airdrop in 2023 have doubled on Polymarket since the end of October.
Holdstation’s Account Abstraction Wallet
- Holdstation’s Wallet: Holdstation is building a DeFi ecosystem of products, including a wallet that leverages Account Abstraction technology. The wallet simplifies onboarding, enables using stablecoins for paying gas fees, and offers fee-free trading. The report also mentions the upcoming utility governance token of Holdstation, HOLD, and the utility token, GOLD.
Stablecoin Market Cap and DeFi News
- Stablecoin Market Cap: The report notes that the total stablecoin market cap has stopped decreasing and the stablecoin netflows have turned positive, indicating that more investors are preparing to deploy capital in the market.
- DeFi News: The report provides updates on various DeFi projects, including AAVE, Radiant Capital, Rage Trade, Vela Exchange, Polygon Labs, Velodrome, Uniswap DAO, =nil, Render Network, Lido Finance, Jupiter Exchange, and Notional Finance.
Actionable Insights
- Monitor Incentive Programs: The report suggests keeping an eye on the effects of Arbitrum and Polygon’s incentive programs, as they can significantly impact protocol growth and popularity.
- Investigate LayerZero’s Potential Airdrop: The report hints at a potential airdrop from LayerZero, suggesting that users of dApps that are part of the LayerZero ecosystem might qualify for it.
- Explore Holdstation’s Wallet: The report recommends exploring Holdstation’s Account Abstraction Wallet, which offers several user-friendly features and the opportunity to earn GOLD tokens.
- Consider Stablecoin Market Trends: The report notes the positive trend in the stablecoin market cap and netflows, indicating a potential increase in capital deployment in the market.
