Since the Layer2 War, Shib Layer2 does not have a clear competitive edge.

Author: Rainy Sleep

GM or GN

August outlook is here.

August will bring many events, but for brevity, I will only discuss the events and analysis that I rate as S in my mind, along with the corresponding opportunities.

This content will cover:

• Basechain
• SHIB Layer2
• GNS
• Frax v3, RWA, frxETH v2
• SEI&CYBER, LTC, GMX, EVMOS, SSV, SPARTA, LOOT, APE

Basechain

Basechain's launch was unexpected. However, due to the conclusion I reached in the previous Pauly event - the risk of Dogecoin is increasing, I did not actively participate in Dogecoin on Basechain, although I once envied the Dogecoin players who got rich. But in the end, I did not participate.

My expectation for Basechain is still $OP $VELO, and I also bought some for a few short-term trades. I made a detailed forward-looking analysis before the $VELO trade, and after the $VELO trade is completed, I will do a detailed review.

It is also worth paying attention to whether there are any opportunities in the early Basechain ecosystem, but so far, there has not been a good enough protocol coming out. Let's wait and see.

SHIB

The opportunity for Shib is focused on the launch of Layer2 (the summit is about to be announced, and the developers have mentioned that it will be launched soon). The reaction now is definitely late, as $BONE has already risen a lot, but $LEASH still seems to have potential. Its current price is similar to my buying price at that time. Currently, there is not much to deeply explore about SHIB Layer2. Since the Layer2 War until now, Shib Layer2 does not have a clear competitive edge. Often, it's time to retreat before the good news lands.

GNS

I am closely watching the upgrade of $GNS to empower the native token. Previously, the GNS team would receive 16% of the protocol's income, but now, in order to drive the growth of $GNS, $GNS will mint an additional 1 million tokens (supply +3.3%) and give them to the team. Within a year, the team can only stake $GNS (the team previously owned 1.27M $GNS). In addition, to adjust and compensate for the income of GNS NFT BOT, the team will also mint an additional 3.36M $GNS (supply +11%) to incentivize them (6-month linear vesting, immediate redemption with a 25% discount). The rewards for $GNS stakers will also be adjusted from 33% to 61%. This will happen in September. I will continue to track this matter and analyze it from a data perspective (there will be a new article).

https://medium.com/gains-network/gns-tokenomics-plan-q3-2023-260c64ddd560#96bb

Frax Finance

The founder of Frax previously said that Frax v3 will be launched within 30 days, which means the product will be launched in August. However, I think v3 may not be able to solve the current income problem of Frax. It still depends on the performance of the v3 product after its launch. If the data performance is average, $FXS may still be a good move before the good news lands. In the future, Frax will also have frxETH v2 and the implementation of Fraxchain's products, but it is most important to see if the market will buy it. Following the trend and capturing the narrative is what the Frax team is best at, and the upcoming RWA strategy from Frax is also a focus of my attention.

https://twitter.com/OuroborosCap8/status/1684890389906698241

BN Launchpool - SEI&CYBER

LTC - The halving event will occur on August 4th.

GMX - v2 may be launched in August.

EVMOS - 2.0 will go live on August 2nd, and there will be changes to Tokenomics. Specific details are still awaited from the official source.

SSV - The mainnet launch time may be announced today.

SpartaDEX - $SPARTA will be launched on August 3rd. Those who have seen my alpha call should know. In order to get the airdrop, I bought NFT, and NFT also has profits (50%-100%). Selling in advance is also a good trade. But I choose to gamble on the airdrop, which may bring more returns.

Lootbot - The dedicated airdrop TG BOT will soon launch a paid version and $LOOT income sharing features.

10KTF - There may be a new NFT collection released in August. I will closely follow this matter. I speculate that the reason for not releasing NFT as expected before may be related to the high opening and low performance of the new Azuki collection. Releasing NFT may consume some $APE. Combined with Yuga's latest actions, I will put $APE on the watchlist.

Finally, loyal viewers will surely know that I have been adjusting the style of the "Monthly Outlook" series. I am also adjusting this content, hoping to present higher-density content for everyone. In this content, I basically released a rough event description and simple analysis, and will provide detailed analysis of relevant events in subsequent content (new articles) - this way, it's more efficient.

Thank you for your support.

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