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Decentralized Capital Markets Research & Articles: www.shoal.gg Twitter: https://twitter.com/Shoalresearch TG link: https://t.me/shoalresearch Website: Shoalresearch.xyz
Morpho Launches First RWA Vaults with Coinbase Verifications on Base
> Curated by Steakhouse Financial & Re7Capital
> Collateral from multiple tokenization platforms including Centrifuge, Hashnote, and MIDAS
Source: https://x.com/morpholabs/status/1828764717332251011?s=46&t=ywALktyM5ZCyt-zigN5Big
Dewhales Research: Privasea Explained - AI Network with FHE
A dive into the technology around FHE with an in-depth look at how the protocol works with AI and FHE under the bonnet
> The Privasea AI Network offers a solution to the challenges associated with data privacy in artificial intelligence👇
Source: https://dewhales.substack.com/p/privasea-explained-ai-network-with?r=aaog1&utm_medium=ios&triedRedirect=true
Four Pillars: What is the Value of Humans in the AI Era? Humanity Protocol
In the AGI era, what we consider valuable will eventually shift from the quality of the content to who created it. Thereby, creating the challenge of what is human and what is not in the digital world.
> Humanity Protocol is utilizing Proof of Humanity (PoH) to create the infrastructure needed to prove our humanity and distinguish between humans and AI in the era of AGI 👇
Source: https://4pillars.io/en/articles/humanity-protocol/public
Jonathan Blanco: NFTs Are Not Securities But They Can Be if You Treat Them As One
A reflection on the OpenSea Wells notice and a breakdown of how they fail the Howie Test, i.e not violating securities.
The Howie Test has four prongs which set a precedent for criteria to identify securities, all four criteria which must be met:
> Investment of Money
> Common Enterprise
> Expectation of Profits
> Efforts of Others👇
Source: https://www.niftmint.com/post/nfts-are-not-securities-but-they-can-be-if-you-treat-them-as-one
Trump Launches DeFi Account and Telegram Channel
Source: /channel/defiant1s
Conor McMenamin: Why you are Seeing Less Multi-Block Builder Sequences Than Expected
> The reason is private orderflow.
> It’s related to the same reason we see non-0 MEV-Boost bids at the start of a slot.
> Only the winner drains their “orderflow pot” at the end of a slot, giving other builders who still have private orders to execute, a clear advantage in the next slot.
Source: https://x.com/conormcmenamin9/status/1828780158914097575?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Ethresearch: Does multi-block MEV exist? Analysis of 2 years of MEV Data
This research looked at proposer-builder data and MEV-Boost payment data since the merge (September 2022) to identify patterns of multi-block MEV.
> They observe fewer multi-slot sequences of builders than a random Monte Carlo simulation would predict. The longest observed multi-slot sequence is 25 slots.
Source: https://ethresear.ch/t/does-multi-block-mev-exist-analysis-of-2-years-of-mev-data/20345
Intel SGX Breach? A Defense of TEE FUD
The Intel SGX breach is a reminder that no system is immune to flaws, but it doesn’t break the TEE security model.
> Instead, it highlights the need for robust implementation and ongoing security research.
Source: https://x.com/marvin_tong/status/1828258935398342767?t=lCpOG8K8QvaCoHPESsfTwQ&s=19
Ethereum Foundation’s Spending Breakdown
Source: https://x.com/vitalikbuterin/status/1828418027034972507?s=46&t=2q9OLMlaobNlHLewOXT4uA
Balaji Srinivasan on Polytheistic AI, Human-AI Symbiosis & Prospects for AI Control (Dec, 2023)
Cognitive Revolution Podcast
Balaji - Former CTO at Coinbase and GP at a16z
https://www.youtube.com/watch?v=-9ROlCeB5FQ
Source: https://x.com/balajis/status/1734982567127044210
Delphi Digital: The AI x Crypto Stack
Source: https://x.com/delphi_digital/status/1828481786378362905?s=46&t=ywALktyM5ZCyt-zigN5Big
Teller Protocol: How to Use Time-Based Loans to Improve the Health of Leveraged Trades
Teller’s time-based loans eliminate the risk of liquidation due to price fluctuations.
> Since the loan is secured based on time rather than the collateral's current market value, the user doesn’t have to worry about sudden price drops affecting a position. 👇
Source: https://blog.teller.org/how-to-use-time-based-loans-to-improve-the-health-of-leveraged-trades/
=nill; foundation: Sharding as Parallelism
An examination of blockchain sharding through the lens of established parallel computing models leading to a better understanding of the potential and limitations of sharding.
Source: https://nil.foundation/blog/post/sharding_as_parallelism
Bubbly Finance Opens Trading for Hyperliquid
HL points at $4 on Bubbly!
Source: https://x.com/bubblyfinance/status/1828827429382824171?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Jeffrey Hu: Decoding Bitcoin MEV - Insights and Implications
Bitcoin MEV involves miners manipulating the block creation process for profit. This can range from users paying extra fees to miners colluding with users to exclude certain transactions.
> This report analyze the increasing complexity of MEV on Bitcoin and assess its implications for the broader ecosystem.
Source: https://x.com/hu_zhiwei/status/1828629246497239184?s=46&t=ywALktyM5ZCyt-zigN5Big
Pendle Now Supports BTC, Introduces eBTC Asset for Re-Staking
First of their BTCfi additions - EtherFi's eBTC (26 Dec)
Source: https://x.com/pendle_fi/status/1829142553456980397
Apple is in Talks to Invest in OpenAI
Apple in talk to join Open AI’s multibillion-dollar funding round alongside Microsoft & Thrive Capital
Source: https://www.wsj.com/tech/ai/openai-apple-funding-chatgpt-50754cd6
Why was Aave Redesign so Successful and Well-Received by their Audience?
> They made bold changes. The new branding and how they approached it on their website.
> Their communication now focuses on the company's name, with assets & iconography that match it.
> Changing from dark mode to light mode
> Great animations everywhere
> Accessible communication. It's easy to understand what they do, and it's catchy
Source: https://x.com/ceciliavlso/status/1828574836722991315?s=52&t=txFAbiSPTdLLDlAYj9X_AA
August 28th~ Rollup
🐚 Research and Ideation 💡
- Vitalik on What the Goals of an Airdrop Should Be
- Andre Cronje: Why Defi?
- Anand iyer: Use of Crypto in AI Applications
- Jeffrey Hu: Decoding Bitcoin MEV - Insights and Implications
- Mert on TON Blockchain’s Downtime
- Brian Quintenz Reflect on Opensea Receiving a Wells Notice
- =nill; foundation: Sharding as Parallelism
- Nebra: Cryptography Techniques Explained - ZK, FHE, MPC, TEE
- Teller Protocol: How to Use Time-Based Loans to Improve the Health of Leveraged Trades
- YieldNestRisk: Current State of Symbiotic
- Delphi Digital: The AI x Crypto Stack
- 0xmaxg: The Prospect for Bittensor and Open Source AI
- Cognitive Revolution Podcast: Balaji Srinivasan on Decentralized AI (Dec,2023)
- Vitalik: Ethereum Foundation’s Spending Breakdown
- Marvin Tong: Intel SGX Breach? A Defense of TEE FUD
- Paradigm | Brendan Malone: Looking Back / Looking Forward
- Ethresearch: Does multi-block MEV exist? Analysis of 2 years of MEV Data
- Conor McMenamin: Why you are Seeing Less Multi-Block Builder Sequences Than Expected
🐚 News 📕
- Pavel Durov Released from Police Custody and Taken to Court
- OpenSea Receives Wells Notice From SEC: CEO
🐚 Project Updates 🔔
- TON Blockchain Experienced Disruption in Block Production
- Bubbly Finance Opens Trading for Hyperliquid
- Renzo Expands REZ Governance Token to Solana via Wormhole
- Ekubo: Starknet’s Golden Child
Trump Just Posted “World Liberty”, A New DeFi Project on His X
Source: https://x.com/realdonaldtrump/status/1829141447087648796?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Ekubo: Starknet’s Golden Child
Ekubo is a Starknet-native AMM with similar design philosophy to Uniswap v4. It features extensions (analogous to hooks) and a singleton design
> Ekubo wholly embodies a no-frills, grassroots DAO while sitting on the cutting edge of AMM tech
Source: https://x.com/yeak__/status/1828904368755880227?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Paradigm | Brendan Malone: Looking Back / Looking Forward
Personal, apolitical reflection on why blockchains are the future of financial services, and just about everything else.
Source: https://policy.paradigm.xyz/writing/looking-forward
Nascent: Crypto’s AirTag Moment - Unlocking Mass Adoption with Web Proofs
Crypto is on the cusp of its own AirTag moment, thanks to emerging tech called zkTLS/Web Proofs
> Web Proofs enable verifiable onchain data from any web2 source, thereby expanding the reach of crypto incentives beyond the current user base, opening door to a much larger, diverse audience
> This piece explore how zkTLS will revolutionize airdrops, incentives, and marketplaces👇
Source: https://www.nascent.xyz/idea/cryptos-airtag-moment
Renzo Expands REZ Governance Token to Solana via Wormhole
REZ’s initial liquidity will be provided on Solana’s major automated market makers.
Source: https://www.theblock.co/post/313192/renzo-rez-solana?utm_source=rss&utm_medium=rss
0xmaxg: The Prospect for Bittensor and Open Source AI
> The Bittensor network leverages a decentralized AI model training environment, promoting collaboration, efficiency, and compounding knowledge, which could attract top talent and enhance model quality
> This ecosystem's growth, supported by economic incentives through the $TAO token, hinges on increased usage, adoption, and alignment with token value👇
Source: https://x.com/0xmaxg/status/1828160664046620889?s=52&t=txFAbiSPTdLLDlAYj9X_AA
YieldNestRisk: Current State of Symbiotic
Symbiotic’s permissionless & modular architecture positions it as a strong contender in the restaking marketplace.
> While still in early development, its focus on interoperability, flexibility, and multi-asset support offers significant potential.
> Symbiotic, currently only on Eth mainnet, has a TVL of $1.25B compared to EigenLayer’s $15.5B.
> Since June 2024, Symbiotic has surpassed $1B in TVL, with significant contributions from stETH and non-ETH collateral types👇
Source: https://www.llamarisk.com/research/current-state-of-symbiotic
Cryptography Techniques Explained - ZK, FHE, MPC, TEE
Source: https://x.com/nebrazkp/status/1828168119447322968
Brian Quintenz: Opensea Receiving a Wells Notice Shows the Current SEC’s Crusade Against the Crypto Industry Continues Unabated.
This contradicts what Vice President Harris said 2 weeks ago announcing her economic agenda:
Source: https://x.com/brianquintenz/status/1828801329214677232?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Mert on TON Blockchain’s Downtime
“Downtime happens, but what's unacceptable is that there are no official comms”
Source: https://x.com/0xmert_/status/1828640927180804100?s=52&t=GnDiMqAKcYw7qbTFH1nrUw
Anand iyer: Use of Crypto in AI Applications
> Coordinating distributed training
> Decentralized inference
> Data & privacy preservation in an ML context
> Gathering, labeling, curation of (synthetic) data
> Model + data attribution & provenance
> Coordination and payments of agent-agent, agent-human interactions
> Verifying humanity and AI generated content
Source: https://x.com/ai/status/1828428385288331401?s=46&t=ywALktyM5ZCyt-zigN5Big