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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
Michael Egorov: Curious Story About DefiLlama
> Back in 2020, there main source of data about DeFi was DefiPulse.
> At some point, the data it reported on Curve become wildly incorrect.
> One of our team members at the time (Charlie) was outraged by this and said: "I will create a project which competes with DefiPulse and pushes it to irrelevance, just by publishing correct data".
> And he kept his word! DefiLLama was the one, and it is now the main source of correct data for all DeFi
Source: Curious facts from Michael@Curve
Circle Partners with SUI to Bring Native USDC to Sui Network
Source: https://x.com/evanweb3/status/1835915947330453994?s=46&t=Epo2C7qkg-CKjyMhGIBBuQ
Gensyn: GPT@home - Why the Future of Training is Decentralized
Can we train a large AI model over the world’s edge devices? This report covers:
> Current State of Frontier Model Training
> History of Distributed Computing, SETI to Folding
> Challenges with Decentralized Training
> Recent Breakthroughs and the Road Ahead
Source: https://www.gensyn.ai/articles/gpt-at-home
Live: WLFI Spaces with Donald Trump
Link: https://x.com/i/spaces/1jMJgBljZaYGL
MicroStrategy to Raise $700M (up to $805M) in Convertible Notes to Refinance $500M Debt and Buy More Bitcoin
Source: https://www.microstrategy.com/press/microstrategy-announces-proposed-private-offering-of-700m-of-convertible-senior-notes_09-16-2024
Suhail Kakar: Smart Contracts ELI5
Source: https://x.com/suhailkakar/status/1835688983856132298?s=46&t=2q9OLMlaobNlHLewOXT4uA
Three Sigma: How ERC-7683 Standard and Intent-Based Protocols Drive Liquidity Growth Across Blockchains
Presented in Q2 by Uniswap Labs & Across, it establishes a unified framework for intent-based systems to define cross-chain actions precisely.
> This standard could fundamentally alter the dynamics of DEXs, with Uniswap standing at the epicenter of this seismic shift👇
https://threesigma.xyz/blog/uniswap
Source: https://x.com/threesigmaxyz/status/1835639219697459711
Binance Will List Neiro (NEIRO), Turbo (TURBO) and Baby Doge Coin (100000BABYDOGE)
🗓️ Today, 10:00 (UTC)
Source: https://x.com/binance/status/1835567065006039255
Chris Burniske | Placeholder: $TIA Thesis
“Still longing $TIA while haters spinelessly pile onto the downside momentum”
> “Pattern matching tells me the ridiculers likely become the ridiculed for being momentum-short here, while longs are handsomely rewarded for their counter-consensus courage”
> “Regardless of what Mr. Market does in the coming months, my conviction in Celestia won't waver”
Source:https://x.com/cburniske/status/1835113974561751489?s=46&t=2q9OLMlaobNlHLewOXT4uA
1mpal: Why Korean Gamers Resist Blockchain
“I don’t think Koreans dislike ‘blockchain games’ themselves, but rather the negative connotations they bring”
This piece explains reasons for the ‘hostility’ and ‘challenges’ of the Korean market, which includes:
> The existence of tokens
> Legal regulation of fungibility
> The age of players
Source: https://x.com/impalementd/status/1834965618795462810?s=46&t=txFAbiSPTdLLDlAYj9X_AA
September 14th~ Rollup
🐚 Research and Ideation 💡
- Empire: All-In Summit, Inevitable Superintelligence, and Crypto's Role with the Delphi Digital Team
- Hackernoon: Ethereum Meets DVT - A New Era for Resilient Financial Systems
- Modular Capital: Our Mythos Thesis ( Apr, 2024)
- The Chopping Block: VC vs. Liquid Funds, Friend.Tech’s Decline, Crypto Startup Exits
- Cryptorank: Top Events by Bet Volume on Polymarket
The Chopping Block: VC vs. Liquid Funds, Friend.Tech’s Decline, Crypto Startup Exits
Guest: Jason Choi of Tangent. They discussed:
> The overvaluation of crypto projects by VCs
> Friend.Tech’s 96% token crash
> The ethics of early token launches
> How airdrop farming skews user metrics
> Whether VCs are extracting more value from crypto than they contribute. 👇
Source: https://www.youtube.com/watch?v=Pv9OqL14eJQ
Hackernoon: Ethereum Meets Distributed Validator Technology - A New Era for Resilient Financial Systems
tldr:
Ethereum's Distributed Validator Technology (DVT) offers a decentralized solution to improve network security and resilience, potentially challenging traditional financial systems.
> By enabling broader participation and reducing centralization risks, DVT is a game changer in creating a more robust alternative financial infrastructure.
Source: https://hackernoon.com/ethereum-meets-distributed-validator-technology-a-new-era-for-resilient-financial-systems
September 13th~ Rollup
🐚 Research and Ideation 💡
- KyleSamani: On Multicoin’s 3rd Major DePIN Investment - Fuse
- Mitosis Narrative - A New Primitive for Open Liquidity Marketplace
- Hosseeb: OpenAI's o1 Model Hacks Misconfigured Docker to Win CTF Challenge
- L1D Research: How to Launch a Crypto Hedge Fund
- Vladislav Lenskii: Understanding TON and TVM
- Selias Tazartes: Succinct Overview of the Risc(s) Kakarot Will Face
- Nosana: LLM Benchmarking - Cost Efficient Performance
- jtriley_eth: To Reverse A Big Brain
- Eigenphi: Private Order Flows -The Sleeve Bidding of Crypto
- Blockworks: We Need to Stop Pretending That Airdrops Work
- Four Pillars: So WTF is The True Ethereum L2?
🐚 Project Updates 🔔
- MicroStrategy Buys Additional 18,300 Bitcoin for $1.11 Billion
Blockworks: We Need to Stop Pretending That Airdrops Work
“It’s time to focus on building long-term, value-driven models that ensure both user and developer loyalty”
Source: https://blockworks.co/news/end-the-airdrop-era
Season 2 EIGEN Stakedrop Claims Are Open!
Source: https://blog.eigenfoundation.org/claims-s2/
Rome’s Private Devnet is Now Live
Rome is opening the pathway to the future of interoperability by using Solana’s consensus to power fast, decentralized, and cost-efficient multi-chain dApp experiences.
Soure: https://x.com/romeprotocol/status/1835736342791344138?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Chainalysis 2024 Global Adoption Index
> India and Nigeria occupy the top two spots this year for a second consecutive year.
> Indonesia surges to 3rd, the US remains at 4th
> South East Asia has the most appearances in the last five years. More insights👇
https://www.chainalysis.com/blog/2024-global-crypto-adoption-index/
Source: https://x.com/nic__carter/status/1835385228111786383?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Semantic Layer: Redistributing MEV Back to dApps and Users
dApps are leaking hundreds of millions of dollars in MEV revenue, and this hurts the users the most.
> Semantic Layer is building a programmable transaction layer to help dApps & users take back control over their transactions
Source: https://x.com/semanticlayer/status/1835770657919176903?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Boundless: The Verifiable Compute Layer
Unlimited execution. Global composability. On-demand scaling. For every developer. On any chain.
> Boundless is scaling every chain with the power of verifiable off-chain compute
Source: https://x.com/risczero/status/1835665979201724639?s=46&t=ywALktyM5ZCyt-zigN5Big
Four Pillars: A to Z About Monad
"The value proposition of Monad is a very simple one. EVM is still not very performant right now, and everyone wants performance, more transactions & cheaper cost per transactions." –CEO of Monad
> The problem with "fast EVM" chains was that while they were faster than Ethereum, they were still somewhat ambiguous. Monad aims to capture this demand through EVM parallel processing. 👇
Source: https://4pillars.io/en/reports/atoz-about-monad
September 15th~ Rollup
🐚 Research and Ideation 💡
- goodalexander: o1 Finance Benchmarking (Sept' 24)
- 1mpal: Why Korean Gamers Resist Blockchain
- Chris Burniske | Placeholder: $TIA Thesis
- Artemis: Stablecoin Marketmap 2024
🐚 Project Updates 🔔
- a16zcrypto Announces CSX Fall 2024 Cohort
Artemis: Stablecoin Marketmap 2024
Source: https://x.com/jonbma/status/1835421402721305065
a16zcrypto Announces CSX Fall 2024 Cohort
Starting this week, 21 startups has been selected to get firsthand lessons from top crypto founders over the next 8 weeks, receive guidance & support from a16z’s investing & operating teams, and build connections with each other and the a16z network.
Source: https://x.com/jasonrosenthal/status/1833180707721453906?s=46&t=ywALktyM5ZCyt-zigN5Big
goodalexander: o1 Finance Benchmarking (Sept' 24)
“The simple summary is that o1-preview is very strong, but also slow - expensive and with a hard to use API. It's definitely a worthy addition to the AI finance suite of models - especially for high stakes situations - as it has very high accuracy”
Source: https://x.com/goodalexander/status/1834976110389739534?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Top Events by Bet Volume on Polymarket
Source: https://x.com/cryptorank_io/status/1833833694873743513?s=12
Modular Capital: Our Mythos Thesis ( Apr, 2024)
“We believe Mythical ($MYTH) is one of the most compelling web3 gaming platforms we have ever seen & will revolutionize gaming”
> MYTH is transforming itself from a 1st party game studio to a leading web3 gaming platform, which can drive a significant re-rate in the valuation (from $300M to a multi-billion outcome).
Source: https://www.modularcapital.xyz/writing/mythical?twclid=23r06kgd05hf4jrwlesk3apt89
All-In Summit, Inevitable Superintelligence, and Crypto's Role with the Delphi Digital Team
The Delphi team dives deep into:
> AI's deflationary impact
> The future of labor and UBI
> Opportunities in Crypto & AI
> Open vs closed source AI models
Source: https://www.youtube.com/watch?v=AprrRCMdG_w
Four Pillars: So WTF is The True Ethereum L2?
FourPillars recent article “Taiko - The True Ethereum L2" sparked a debate on X about what qualifies as a True Ethereum L2 & what conditions must be met to achieve this title
> This article revisits the heated debate, giving readers an opportunity to think about what it means to be a True Ethereum L2.
Source: https://4pillars.io/en/opinions/so-wtf-is-the-true-ethereum-l2
Eigenphi: Private Order Flows -The Sleeve Bidding of Crypto - Contribute 89%, $642.5M, of Builders' Income
Private order flow in crypto operates behind the scenes, invisible to the average trader yet wielding enormous influence.
> This piece examine how private order flow has become the hidden giant of crypto trading, driving the majority of builder income and shaping the market in ways that most participants never see
Source: https://eigenphi.substack.com/p/private-order-flows-the-sleeve-bidding?r=aaog1&utm_medium=ios&triedRedirect=true