Research Summary
The report discusses the recent price movements of various tokens, including OSMO/UX, MNT, and HNT, and the market events that influenced these changes. It highlights the proposed merger of Osmosis and UX Chain, the launch of Mantle’s liquid staking protocol, and the official launch of Helium Mobile.
Key Takeaways
OSMO/UX Merger Proposal
- Merger of Chains: DeFi app-chain Osmosis and borrow/lend protocol UX Chain have proposed a merger. The merger would integrate UX Chain’s lending logic into Osmosis’ decentralized exchange, creating a DeFi hub on the Cosmos network with a combined Total Value Locked (TVL) of $165 million.
Mantle’s Liquid Staking Protocol
- Launch of mETH: Layer-2 protocol Mantle launched its liquid staking protocol and token, mETH. Mantle aims to offer higher yields by maximizing Miner Extractable Value (MEV). The DAO has elected to stake their own ETH treasury to the protocol, leading to over $98 million in TVL.
Helium Mobile’s Official Launch
- 5G Plans for $20 a Month: Helium Mobile officially launched, offering customers mobile 5G plans for $20 a month. The wireless coverage is provided by users who own hotspot devices and are rewarded with newly mined HNT tokens. The introduction of Helium Mobile is made possible through its partnership with T-Mobile.
Actionable Insights
- Monitor the OSMO/UX Merger: Keep an eye on the proposed merger of Osmosis and UX Chain. If approved, it could create a significant DeFi hub on the Cosmos network, potentially impacting the value of the associated tokens.
- Assess Mantle’s Liquid Staking Protocol: Evaluate the potential of Mantle’s new liquid staking protocol and mETH token. The protocol’s focus on maximizing MEV could lead to higher yields, influencing the token’s value.
- Track Helium Mobile’s Progress: Follow the development of Helium Mobile, especially its user growth and hotspot coverage. The success of this project could significantly affect the value of HNT tokens.
