𝐖𝐞𝐞𝐤𝐥𝐲 𝐋𝐚𝐲𝐞𝐫 𝟐 𝐑𝐨𝐮𝐧𝐝𝐮𝐩 (𝟑𝟎𝐭𝐡 𝐒𝐞𝐩𝐭 - 𝟕𝐭𝐡 𝐎𝐜𝐭𝐨𝐛𝐞𝐫).
Biggest news Highlight: Fault proof is finally coming to Optimism and the OP Stack.
Good Morning Saints,
I hope you’re having a wonderful weekend.
If you’re reading this, you’re always one of the chosen Saints and unique.
ICYMI: The weekly Layer 2 Roundup covers every important update and announcement on all Layer 2 protocols listed on L2BEAT.
Arbitrum
Arbitrum STIP voting is live
Round 2 election of the Arbitrum security council is live.1.
Optimism
Optimism released a guide on its season 5 governance.
OP stack fault proof is now live on the Goerli testnet.
zkSync
zkSync Era competition audit is now live on Code4rena with $1.1M on the line.
Starknet
Starknet releases its open-sourced projects
dYdX
dYdX announces its transition from a rollup chain to an app chain.
Immutable X
Immutable X releases their roadmap on its zkEVM vision.
Linea
Linea shares an Insight on Verax, its on-chain attestation registry.
Metis
Metis has passed its proposal of moving DA back to Ethereum.
Espresso Systems
Caldera
Caldera now supports Arbitrum Stylus
Caldera launches Vienna Network on Devent, an Optimstic Rollup using Espresso Shared Sequencer
Fairblock
Fairblock raises $2.5M to enable fully blockchain transactions.
Some Alpha for you my Frens: Alpha for Thoughts on Arbitrum STIP
The Arbitrum Incentives DAO will attract more inflows into the Arbitrum Ecosystem.
The votes are already in progress but have not yet ended.
There are already protocols that have chances of winning the grant
What do you think will happen?
More incentives = More Inflow and inflow = More liquidity and Pumpamentals.
Inspex already created a dashboard to track these metrics.
Once any protocol wins the grant, it's good news to them and the entire community.
What do you think when the announcement is made? "The token will eventually pump" even post announcement when incentives are already in place.
But you don't want to buy then, right?
It should rather be buy the rumor and sell the news.
So, my strategy:
• Buy these protocol tokens earlier as the end date for the grant is 13th October.
But with the help of the Inspex dashboard, you can easily predict this win (we'll do a little bet)
• Don't pick token with huge MC already, they will pump but won't easily give you the least 2X as we're not in the bull market plus it's a short term Incentive and just for Arbitrum Ecosystem alone.
Those Protocols on Multiple Chains, Incentives will be widely spread.
• Focus on Natively Arbitrum Protocols with low MC. E.g < 20M MC.
My picks
• $MUX 6M $ARB
• $GRAIL 3.09M $ARB
• $JONES 2M $ARB
• $UMAMI 750k $ARB (Risky Play)
• $WINR 500k $ARB
Thanks for reading, and if you like it, do leave feedback and forward it to your Friends. There is love in Sharing, and see you next time.
DeFI Saint
Founder, The Saints Creed