In the first month of 2023, what are the events worth watching in the encryption industry?
Written by: Karl0x
Compile: PANews
With the short-term rise of BTC , the encryption industry has seen a glimmer of light from the depressed bear market. So, in the first month of 2023, what are the events worth watching in the encryption industry? Let us take stock and sort out together.
1. Liquidity staking derivatives season is here! LDO, RPL, FXS, SWISE, FIS, and ANKR are all liquid staking derivatives worthy of attention. It is expected that the momentum of these tokens should continue as the Ethereum "Shanghai" upgrade approaches.
FXS is currently in an "interesting" position, because it has the highest annualized income APY among liquid mortgage derivatives. The reason for this may be that Frax holds a large amount of CVX and can be used in the Curve liquidity pool of frxETH get incentives. Therefore, FXS is expected to gain more shares in the liquid mortgage derivatives market, after all, its attractiveness is still good. In addition, thanks to the recent halving of output (FXS is halved on December 20 each year), the amount of FXS lock-up has also increased significantly.
From a fundamental and technical point of view, LDO also has great potential, but competitors may catch up at some point (such as when there is a profit conversion). In this regard, FXS and FIS may be the biggest competitors of LDO , because they have already landed on Binance, and other Tokens have not yet been listed on the exchange.
BTRFLY is launching DINERO, a stablecoin overcollateralized by liquid collateralized derivatives.
2. DYDX will be unlocked on a large scale on February 2, 2023, and 105% of the circulating supply will be allocated to investors and team members. In order to reduce the selling pressure and "thwart" the early short sellers, it is very likely that the dYdX team will make an announcement before such a large token unlock.
3. DCG Holdings: API3, HBAR, ZEC, FLOW, MANA, these tokens may be severely affected, because Genesis owes $3 billion to creditors, including $900 million owed to Gemini Earn users, so DCG may be forced to liquidate Its risk assets to raise cash.
4. The CRV team confirmed that the CRV crvUSD stablecoin will be released in January 2023.
5. The AAVE GHO stablecoin public testnet will be launched in January 2023 and it will be confirmed that a revenue sharing mechanism will be established with AAVE stakeholders. In addition, V3 will also be deployed on Ethereum.
6. ATOM will improve cross-chain security through a major upgrade, which will enable smaller blockchains to inherit the security of Cosmos Hub in exchange for ATOM.
7. The price rally triggered by the halving of Litecoin (LTC) may have already begun. The halving of Litecoin will happen in August this year, but historically, the price usually starts to rise a few months before the halving.
8. The Ape BAYC casting will take place on January 18, 2023.
9. Artificial intelligence tokens: FET, VITD, NMR, OCEAN, CTXC, PHB. News that Microsoft will invest $10 billion in openAI, combined with chatGPT's huge popularity, all these narratives may boost the AI token outlook.
10. SNX v3 is released, SNX has always hoped to build itself into a DeFi liquidity center, and may become a huge source of DeFi's actual income, because Synthetix is expected to become the backbone of the decentralized derivatives field.
11. OP Bedrock will upgrade the testnet on January 12, 2023, aiming to reduce gas costs and allow the use of zero-knowledge proofs. Compared to other Layer 2 solutions, these improvements performed by Optimism may make it possible stand out.
12. Deven Matthews, a researcher of the Ethereum client Nethermind, has initiated a proposal in the Uniswap community to deploy Uniswap V3 to StarkNet. However, the proposal does not mention the issue of accrual fees for UNI holders, which is mainly due to supervision considerations. If the proposal is passed, Uniswap V3 is expected to be fully deployed on the StarkNet mainnet by the second quarter of 2023.
13. Fantom's latest governance proposal has been passed, aiming to introduce a Gas monetization plan for excellent dApps. In addition to optimizing the demand for block space, it will also use a method similar to member incentives to encourage high-quality dApps on Fantom in a sustainable way creators and bring them new revenue streams. Fantom is also currently the Layer 1 with the largest "locked volume/market value ratio". Previously, its founder Andre Conje returned after leaving the project for a few months.
14. Since the Neutrino USD (USDN), the stablecoin of the Waves ecological algorithm, has been unanchored, Waves announced that it will rename USDN to Waves Ecosystem Index Token (WIXT). WIXT will be backed by a basket of Waves ecosystem tokens as collateral, and will no longer be associated with $1 peg. Instead, the WIXT value will float based on supply and demand and indirectly based on the Backing Rate (BR).
15. FLUX will be halved on February 4, 2023.
16. SKL is integrating zero-knowledge proofs.
17. METIS, AAVE v3 will be deployed on Metis Andromeda.
