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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
Uniswap: What Drives Crypto Asset Prices?
In collaboration with Circle and the Copenhagen Business School. They explore what drives crypto asset prices, examining the impact of:
> Monetary policy
> Broad market risk premium
> Crypto-specific demand
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4910537
Source: https://x.com/uniswap/status/1831668240218575161?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Bitcoin (Re)Staking Landscape
Source: https://x.com/pinkbrains_io/status/1832010992756428960?s=46&t=2q9OLMlaobNlHLewOXT4uA
September 5th~ Rollup
🐚 Research and Ideation 💡
- Decentralised Co: Bootstrapping Networks
- Bedlam Research: Order Book-Based Lending
- 0xLawl: Gen Z’s American Dream - 5 Leg Parlay Your Way to Basic Physiological Needs
- Areta x Tally: Metagovernance of Governance LSTs within DAOs
- Ethan Mollick: MarioVGG - A Text-to-Video Diffusion Model On the Super Mario Bros Game
- Robbie Petersen: M^0: Rearchitecting The Stablecoin Stack
- Dune: For Key Blockchain Metrics and Insights
🐚 Project Updates 🔔
- Rumpel: Turning Points into Profit
- Theoriq x Phala Network Partner to Advance Secure and Resilient AI Agents in Web3
- Coinbase Has Added Moonwell $WELL to Listing Roadmap
- Binance Loans Introduces Fixed Rate Loans
Key Blockchain Metrics and Insights on Dune
Source: dune.com/discover/blockchains/trending
Robbie Petersen: M^0 - Rearchitecting The Stablecoin Stack
M^0 flips the existing stablecoin stack by allowing apps to monetize their distribution over stablecoins
> M^0’s design is believed to be one of the best contenders for challenging the Tether monopoly & fostering more decentralized stablecoin ecosystem
Source: https://x.com/robbiepetersen_/status/1831726764994752804?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Areta x Tally: Metagovernance of Governance LSTs within DAOs
Exploring how DAOs can increase governance participation by designing strategies for redistributing idle voting power to active delegates using The Tally Protocol.
x.com/areta_io/status/1831688235614900229
Source: https://tally.mirror.xyz/cVLWIIUNCkiyP3LLZhpmsVHLxV3Q92n_psnfEVAGA90
0xLawl: Gen Z’s American Dream - 5 Leg Parlay Your Way to Basic Physiological Needs
What did they do to us?
> Gen Z's American Dream now revolves around high-risk betting, fueled by rising costs, stagnant wages, and pervasive sportsbook ads👇
Source: https://x.com/0xlawl/status/1831695567983919443?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Bedlam Research: Order Book-Based Lending
This piece presented a design for lending markets that uses an order book to match lenders with borrowers and allows for pool-based extensions to enable passive lenders to participate.
Source: https://www.bedlamresear.ch/posts/ob-lending/
September 4th~ Rollup
🐚 Research and Ideation 💡
- Kyle Samani: Thought Experiment on Centralization & Forking and BTC Purity
- 0xLouisT: Analysis of the Penpie ~$27 million Exploit
- Jito: Understanding Vault Receipt Tokens (VRTs)
- Token Terminal: DeFi Active Loans Now at $13.3 Billion
- Mark Odayan: An Opinionated Ethereum Protocol Roadmap (Over Current Horizon)
- Imran Khan: Live Streaming Will Be a Major Driver of Crypto Adoption
- QwQiao: Advice to Crypto Builders
🐚 News 📕
- Bloomberg Terminal Has Integrated Polymarket
🐚 Project Updates 🔔
- Kamino Lend V2: Reshaping Lending on Solana
- Renegade: The First On-Chain Dark Pool, is Live on Arbitrum
- Euler v2 is Live
- Royco: The Incentivized Action Market (IAM) Protocol
- Grass Airdrop Checker is Live!
- InfinityVM: Enshrining Offchain Compute
InfinityVM: Enshrining Offchain Compute
While onchain VMs continue to improve, they remain fundamentally limited in performance and expressivity. InfinityVM introduces a paradigm shift in achieving scalable decentralized compute by leveraging verifiable offchain execution.
Source: https://x.com/infinity_vm/status/1831437802841751821?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Grass Airdrop Checker is Live!
> Check eligibility: grassfoundation.io/eligibility
⚠️ Double check links ⚠️
Source: https://x.com/getgrass_io/status/1831380995058073649
Royco: The Incentivized Action Market (IAM) Protocol
Royco Protocol allows anyone to create a market around any onchain transaction (or series of transactions).
Source: https://x.com/roycoprotocol/status/1831074026011451844
Renegade: The First On-Chain Dark Pool, is Live on Arbitrum
Fully-private trading with zero MEV, slippage, or price impact.
Source: https://x.com/renegade_fi/status/1831384473524703311
Jito: Understanding Vault Receipt Tokens (VRTs)
VRTs are synthetic tokens that represent your restaking position, they give you an added layer of optionality and risk management.👇
Source: https://x.com/jito_sol/status/1831347756822098276
Bloomberg Terminal Has Integrated Polymarket
This marks Polymarket entry into mainstream news and finance field
Source: https://x.com/shayne_coplan/status/1830984489259901203
Roaring Kitty Has Posted Back on 𝕏 After not Tweeting for 2 months
Source: https://x.com/TheRoaringKitty/status/1832086356849250635
PREDA: A Survey of Parallel EVM
A survey on parallel execution blockchain systems, including Aptos, Sui, Sei (V2), and PREDA.
> It showcases first-hand experimental results on performance, scalability, and provides an in-depth comparison of 3 parallelism methods: OCC, PCC, and asynchronous parallelization.
Source: devteam_48518/a-survey-of-parallel-evm-9aed9d50aee0" rel="nofollow">https://medium.com/@devteam_48518/a-survey-of-parallel-evm-9aed9d50aee0
Binance Loans Introduces Fixed Rate Loans
A fixed-term loan with a custom APR fixed for users entire order period
Source: https://www.binance.com/en/support/announcement/binance-loans-introduces-fixed-rate-loans-cd3b2bdc6e8f4b0fa74d8dc73d83e2ea
Coinbase Has Added Moonwell $WELL to Listing Roadmap
Source: https://x.com/coinbaseassets/status/1831804393965973833?s=52&t=txFAbiSPTdLLDlAYj9X_AA
MarioVGG: A Text-to-Video Diffusion Model for Controllable Video Generation On the Super Mario Bros Game
Give it a command (run, jump) and it generates the next frame, simulating the games physics & continuing forever.
https://virtual-protocol.github.io/mario-videogamegen/static/pdfs/VideoGameGen.pdf
Source: https://x.com/emollick/status/1831494821426680269
Theoriq and Phala Network Partner to Advance Secure and Resilient AI Agents in Web3
Theoriq is the first decentralized protocol for governing and building multi-agent systems by integrating AI with blockchain technology
> Phala is upgrading decentralized compute with hybrid TEE and blockchain capabilities. These services will empower Theoriq’s AI agents.
Source: https://mirror.xyz/0xbCAa90C8bA95b3ba6C8Aa6900a92FE70b97E5eF7/BJW-1duSJZ6eYaIpuCS7hnE3gOqo66KcpWbxouZqPSQ
Rumpel: Turning Points into Profit
Rumpel - the premier point tokenization protocol that allows you transform your points into profit
> Launching in mid-Sept
> Backed by Dragonfly & Variant, with experience from MakerDAO & Aave.
Source: https://x.com/rumpellabs/status/1828090955209310238?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Decentralised Co: Bootstrapping Networks
This piece explores how networks are built and looks into sets of tools founders can tap on to bootstrap new networks, even against large competitors. It covers:
> The cold start problem
> Token incentive flywheels
> What is zkTLS, zkTLS tools, and how founders can tap onto them to build new networks
Source: https://www.decentralised.co/p/bootstrapping-networks
QwQiao: Advice to Crypto Builders
> The old playbook of building vaporware then getting exit liquidity on cexes doesn’t work anymore.
> “The new playbook is - and it’s absurd to have to say this - build something ppl want”
Source: https://x.com/QwQiao/status/1831462853565415476
Live Streaming Will Be a Major Driver of Crypto Adoption
> The Gen Zs exclusively use streaming platforms like Twitch, YouTube, Kick, TikTok, and Instagram.
> Platforms like The Live Bet are targeting top streamers and their highly engaged audiences.
> “The Live Bet” support platforms like Kick, X, YouTube, Twitch, and others.
> This offers a more engaging experience compared to trad prediction markets.
> Anyone can post a stream, create a market on anything and have it resolved
Source: https://x.com/lmrankhan/status/1831409108211397098?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Mark Odayan: An Opinionated Ethereum Protocol Roadmap (Over Current Horizon)
Highlighting:
> Major upgrades that are going to be involved
> Where they potentially sit in the logical ordering of the roadmap, priority-levels, difficulties, & more
Source: https://x.com/markodayan/status/1831348173413212548
Euler v2 is Live: Lend, Borrow and Build Without Limits
In the process of rebuilding people’s trust after the Euler v1 exploit last year, Eular CEO claimed that v2 has undergone one of the most expensive and comprehensive security processes for any DeFi protocol to-date.
Source: https://x.com/euler_mab/status/1831332296906932445?s=52&t=txFAbiSPTdLLDlAYj9X_AA
DeFi Active Loans Now at $13.3 Billion
A Level We Haven't Seen Since Early 2022
Source: https://x.com/JDSalbego/status/1828809908197679125
Analysis of the Penpie ~$27 million Exploit
Penpie - a yield optimizer and liquid locker built on Pendle, was exploited last evening for ~$27 million.
> The attacker created a fake market & counterfeit SY tokens on Pendle.
> While this is harmless to Pendle, Penpie failed to account for such adversarial scenarios, enabling the attacker to execute a re-entrancy attack.
> This resulted in the theft of $27m in rswETH, wstETH, agETH, and sUSDe from Penpie👇
Source: https://x.com/0xLouisT/status/1831277735823487473
Kamino Lend V2: Reshaping Lending on Solana
V2 will introduce a vastly improved borrowing and lending UX, alongside more sophisticated risk management infrastructure.
> V2 rollout is anticipated to start in Q4 2024
Source: https://x.com/KaminoFinance/status/1830991855497953413