An Ape’s Prologue Monthly (July)

An Ape's Prologue

Jul 12, 2023

Aave's stablecoin $GHO will launch on Ethereum on July 14th, starting with a debt ceiling of 100M, a borrowing rate of 1.5%, and a 30% borrowing discount for $AAVE stakers
The SEC response to Coinbase's first legal defense on July 13th could be important for tokens that have previously been considered securities such as $SOL and $MATIC. Judging from $COIN's strong outperformance recently, the likelihood of a positive outcome is high
The $frxETH v2 upgrade is happening soon, with fully decentralized validators and the highest node operator capital efficiency with a 4 $ETH staking requirement. $FXS is also launching its own L2 FraxChain, a hybrid rollup with $frxETH as its gas token
$ARB and $OP stand to benefit from the EIP-4844 upgrade, which will significantly reduce Ethereum Rollups transaction costs and consequently drive their profit margins up
Following Polygon 2.0 announcement, important $MATIC's tokenomics and governance updates are expected to be released in the coming days
Following the Smart Burn Engine and increased $DAI revenues mostly from Real-World-Assets, $MKR is on its path to becoming a yield-bearing token. Currently, excess $DAI revenue from the surplus buffer will be used to acquire $MKR, with an effective yearly rate of $MKR accumulation worth 200M $DAI. MakerDAO also has plans for a multichain expansion
$SNX's v3 launch is expected soon, featuring additional collateral types, as currently only $SNX is supported, as well as introducing permissionless pools and cross-chain liquidity.
Arkham Intel Exchange goes Live on July 18th. The intelligence marketplace will be governed by $ARKM, initially distributed through Binance launchpad and with an airdrop for early users
$LINK Cross-Chain Interoperability Protocol (CCIP) is expected to launch soon, allowing smart contracts to communicate across multiple blockchains seamlessly
$GRAIL is requesting from the Arbitrum Governance 9M $ARB tokens over six months to be used as liquidity incentives. The total amount represents 63% of $GRAIL's market cap
$LBR V2 is launching soon, with an expanded LST collateral base and improved tokenomics
$GND is set to roll out its own LSD, $gETH sometime in July. Users can earn yield through LPing or staking it to receive $sgETH, which accrues $ETH staking yield over time
Mantle Network is expected to launch in July. $MNT will be initially available on ByBit on July 17th, and users can convert from $BIT on a 1:1 ratio.
$GMX V2, currently on the Testnet, is expected to launch soon, featuring synthetic assets, lower fees, isolated pools, and implementing Chainlink low-latency oracles
$YFI tokenomics improvements with the activation of veYF rewards, which will enable revenue sharing with stakers, will start on July 15th after the ongoing proposal passes
$MPL will launch Maple Direct's first lending product in July, featuring for the first time overcollateralized loans backed by $BTC, $ETH, and LSDs
Kava 14 Mainnet will go live on July 12th, featuring a bridge between Cosmos and EVM chains
Hatom, the first liquidity protocol on $EGLD, goes live on July 16th
Large Token Unlocks:
- $APT 2.16% unlock worth $32M on July 12th
- $APE 4.23% unlock worth $30M on July 17th
- $OP 3.74% unlock worth $29M on July 30th