Will Arbitrum Grants Be the Catalyst for the Next Crypto Bull Run?

马小亮 · 2023-10-07T07:59:12.000Z

At 8:30 last night, the U.S. non-farm payroll data for September was released. The data previously predicted by the market was lower than the actual published value. In other words, the actual published value was higher than expected! Despite the normal pressure of strong interest rate hikes, the U.S. labor market is still so prosperous. This time the non-agricultural data is less than expected, will it affect the Federal Reserve to further raise interest rates? In any case, it doesn’t matter whether we raise interest rates or not. The market has long been numb and is not so sensitive to interest rate increases! You can’t add it more than once! Maybe there’s one last hike and it’s over! There are 3 possibilities for why the market reverses:

At 8:30 last night, the US non-farm data for September was released. The market's previous forecast was lower than the actual announced value. In other words, the actual announced value was higher than expected!

Even under the normal suppression of strong interest rate hikes, the US labor market is still so prosperous. Will the non-farm data that is lower than expected affect the Federal Reserve's further interest rate hikes?

In any case, it doesn’t matter whether the interest rate is raised or not. The market has long been numb and is not so sensitive to the interest rate hike! There will not be many more interest rate hikes! Maybe there will be one last interest rate hike and it will be over!
There are three possible reasons for the market reversal:

1. The market has discovered that economic data has been manipulated, using embellished data to cover up the recent crisis. Another rate hike could trigger a crisis.

2. The U.S. dollar and U.S. bond yields soared. At this time, the U.S. stock market cannot fall. Once it falls, it is easy to get out of control. This is a political task, so we see that it was quickly pulled back during the trading session.

3. Traders are skeptical about whether the Fed will raise interest rates further. Is it necessary to continue raising interest rates in such a tight financial environment?
Currently, Arbitrum has launched a Grant program and has announced that it will donate 50,000,000 ARB to projects in its ecosystem. These grants are a strategic initiative of the Arbitrum Foundation to promote innovation, support developers, and ensure the ecosystem thrives.
What are the potential projects in the Grants program?
The first project is GMX
GMX is the backbone of the current Arbitrum ecosystem. It is the most commonly used PERP DEX, with a total trading volume of over $131 billion. The protocol is primarily built on two tokens, GMX and GLP, providing an excellent ecosystem for traders with deep liquidity and multiple assets.
The second project is Radiant Capital
Radiant is both a lending platform and the ultimate leveraged platform. The protocol has paid out over $9 million to liquidity providers, and it’s no exaggeration to say that leveraged lending seems to be going strong, and the fact that you can do it with one click on Radiant sounds pretty cool.
The third project is Camelot
Camelot DEX is an OG project of the Arbitrum ecosystem. It is mainly based on dual AMM and supports both volatility and stability token pair trading. In addition, Camelot also has a dual token system consisting of GRAIL and its custodial version xGRAIL, both of which are used as farming rewards.
The fourth project is Pendle
Pendle is one of the best platforms that provides flexible returns. Users can participate in its liquidity mining to earn interest on their cryptocurrency holdings, and can also lend assets to liquidity pools in exchange for rewards through liquidity mining. The main TVL of the protocol is currently on Ethereum, but with the application of the Arbitrum ecosystem, more and more projects have joined Pendle.
The fifth project is Vela Exchange
Vela is a relatively leading protocol in the Perp DEX field on Arbitrum. It provides multiple functions and has the best user experience, making the trading experience as seamless as possible.
The sixth item is Trader Joe's
Trader Joe’s initially had a good start on Avalanche, but they are now investing heavily in Arbitrum, hoping to provide one of the best DEX experiences in the entire crypto world. A few months ago, the protocol was upgraded to version 2.1, and its upgraded trading engine (automatic pools) also made the user experience better.
The seventh project is GND Protocol
GND is part of the GMD family because it was launched in the GMD Launchpad. GND is the issuer of the algorithmic stablecoin gmUSD, which is a stablecoin that can generate yields. In addition, they are currently building a product called GND FARM, which is a powerful Farm tool that is said to generate amazing yields.
Two of the four kings of L2 have been mentioned. Having missed OP and ARB, I must not miss ZKS this time.

Currently, the community has a corresponding quota, which is advantageous in all aspects. The key point is that there is no lock-up! ! ! ! Hurry up if you want it!