Research Summary
The report discusses various updates and launches in the crypto space for July. Aave’s stablecoin $GHO is set to launch on Ethereum with a borrowing rate of 1.5% and a 30% borrowing discount for $AAVE stakers. The SEC’s response to Coinbase’s first legal defense could impact tokens like $SOL and $MATIC. The $frxETH v2 upgrade is imminent, with $FXS launching its own L2 FraxChain. The EIP-4844 upgrade could benefit $ARB and $OP by reducing Ethereum Rollups transaction costs. Polygon 2.0’s announcement could lead to important $MATIC’s tokenomics and governance updates. $MKR is becoming a yield-bearing token with plans for a multichain expansion.
Actionable Insights
- Aave’s stablecoin $GHO launch: This could impact the value of $AAVE and $GHO.
- SEC’s response to Coinbase: This could affect the value of tokens like $SOL and $MATIC.
- $frxETH v2 upgrade and $FXS’s L2 FraxChain launch: These developments could impact the value of $frxETH and $FXS.
- EIP-4844 upgrade: This could increase the profitability of $ARB and $OP.
- Polygon 2.0 announcement: This could lead to significant changes in $MATIC’s tokenomics and governance, affecting its value.
- $MKR becoming a yield-bearing token: This could increase the value of $MKR.
