Research Summary
The report discusses various developments in the crypto space. It highlights the potential impact of SEC lawsuits against Binance and Coinbase on certain assets, the expected settlement news of the $XRP lawsuit, and the upcoming launch of Aave’s stablecoin, $GHO. It also mentions the imminent launch of Mantle’s governance token, $MNT, and the increase in DAI Savings Rate by $MKR. Developments in $GMX V2, $LVL, $SNX’s v3, and $YFI’s new products are also discussed. The report also notes the potential of $Y2K as a hedge play against LSDs and stablecoins backed by them.
Actionable Insights
- Monitor the impact of SEC lawsuits: Assets listed as securities in the recent SEC lawsuits against Binance and Coinbase could be impacted, potentially leading to constrained market liquidity and possible delisting.
- Watch for $XRP lawsuit settlement news: The settlement news is expected soon and could establish a precedent regarding tokens being considered securities.
- Anticipate the launch of $GHO: Aave’s stablecoin, $GHO, is on the horizon, with an ongoing proposal to launch it on the Ethereum Mainnet.
- Prepare for the launch of $MNT: Mantle’s governance token, $MNT, is on the verge of launch following the recent passage of the MIP-22 proposal.
- Expect an increase in DAI Savings Rate by $MKR: $MKR is set to increase DAI Savings Rate to 3.49% on June 12th, which could significantly impact DeFi borrow and supply rates across all stablecoins.
- Keep an eye on developments in $GMX V2, $LVL, and $SNX’s v3: These platforms are expected to introduce significant updates and new features.
- Consider the potential of $Y2K as a hedge play: As LSDs and stablecoins backed by them emerge, $Y2K could serve as a hedge, allowing traders to protect their exposure.
