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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
Geodnet Goes Multichain and Expands to Solana
Proof of Coverage Podcast
Discussion:
> Why DePINs should consider going multichain
> How Geodnet is leading the way for DePIN demand
> 100xing GPS accuracy
Source: https://www.youtube.com/watch?v=nQCN9hJ07d4
CAP Labs: A Stablecoin Engine to Save DeFi from Self-Consuming Designs
A stablecoin engine to break users free from the cycle of endogenous models
> CAP is opening the gate to a hidden side of yield that was previously only accessible to wealthy insiders and their institutions.
Source: https://mirror.xyz/0x83c21bb4Bf0EC116f5a1945AaeF847Fe3b321B32/vK_Dibmypg_QzG0XGaTZMXRItqlxO6tTy36MwmzIuuc
Decentralised Co: Does Crypto Matter?
Are they as relevant as space exploration or AI?
How crypto will (and will not) change the world
> This article evaluate various historical technology trends by the nature of their impact and provide a framework for understanding where blockchains fit.
Source: https://www.decentralised.co/p/does-crypto-matter
October 14th~ Rollup
🐚 Research and Ideation 💡
- Francesco: Mega Intro to MegaETH
- Four Pillars: EigenLayer’s Recent Market Dynamics and Future Outlook
- Zoomer Oracle: Culty Tech Coins
- Sorella: A New Era of DeFi with App-Specific Sequencing (ASS)
- Mechanism Capital on zkTLS
- cherryblue: Onchain Reality Maximalism
🐚 Project Updates 🔔
- Ethena Proposes to Onboard SOL as a USDe Backing Asset
- Coinbase will Add Support for Degen (DEGEN) on the Base Network
- Hyperliquid Announces HYPE Native Token
- feUSD: the First Hyperliquid-Native Stablecoin
- BONKbot is Going Non-Custodial
- LayerZero Partners with Movement Labs
🐚 Raises 💰
- Solv Protocol Raises $25M in Total Funding
BONKbot is Going Non-Custodial
> With pre-tx verification modules for protection even if likes of Pump, Raydium are hacked
> 2FA security, <0.5ms tx verification
> Moving to seed phrases for better multiwallet
Source: https://x.com/bonkbot_io/status/1844029048881844619
Mechanism Capital on zkTLS
By enabling verifiable onchain data from any web2 source, Web Proofs expand the reach of crypto incentives beyond the current user base, opening the door to a much larger, more diverse audience.
> zkTLS will allow for the world to come onchain
Source: https://drive.google.com/file/d/1LMQXoqObqbd5g4YEV5ti2mR2ZrGbEpaJ/view
Zoomer Oracle: Culty Tech Coins
This piece explore a lesser-known category of "cult tech coins" (with no VCs), with strong communities, often outperforming VC-backed tech coins.
> Examples include Bittensor (TAO) and Kaspa (KAS), both driven by early miners and believers.
> Emerging projects like QUIL and META show similar potential, fueled by decentralization and community ethos.👇
Source: https://x.com/zoomeroracle/status/1845836396071677972?s=46&t=2q9OLMlaobNlHLewOXT4uA
Hyperliquid Announces HYPE Native Token
As part of the genesis distribution, eligible users can receive HYPE & optionally a Hypurr NFT
> Users must review and accept the Genesis Event Terms before November 11, 2024 23:59 UTC to participate👇
Source: https://x.com/HyperFND/status/1845851735363027270
Coinbase will Add Support for Degen (DEGEN) on the Base Network
Source: https://x.com/CoinbaseAssets/status/1845866092482240641
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Open Door: If you are a project, investor, or researcher working on something interesting, we would love to chat.
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Ethena Community Proposes to Onboard SOL as a USDe Backing Asset
This proposal recommends an allocation of USDe’s backing to SOL utilizing substantially the same mechanics as Ethena’s hedging mechanism currently in place with BTC and ETH perpetual futures.
Source: https://gov.ethenafoundation.com/t/proposal-onboard-sol-as-a-usde-backing-asset/232
Vitalik: Possible Futures of the Ethereum Protocol, part 1: The Merge
This post discusses what can be improved in the technical design of proof of stake and paths to getting there. It provides a list of ideas that are actively being considered like:
> Single slot finality and staking democratization: Discussed reducing staking requirement to 1 ETH
> Single secret leader election
> Faster transaction confirmations
> it also addresses challenges such as 51% attack recovery and the need for quantum-resistance in the protocol's future.
Source: https://vitalik.eth.limo/general/2024/10/14/futures1.html
Silent Protocol: Making Ethereum Institution Friendly & Solving the Duality of Confidentiality
Part B (Cryptography behind the Silent Compliance VM)
> Silent Protocol introduces cryptographic mechanisms for the Silent Compliance VM
> This part delves into alternative strategies for mitigating illicit activity within privacy-focused ecosystems and explores the intricate cryptographic mechanisms underpinning the Silent Compliance VM.
Source: https://medium.com/silent-protocol/making-ethereum-institution-friendly-solving-the-duality-of-confidentiality-part-b-95628e79c328
October 12th~ Rollup
🐚 Research and Ideation 💡
- spjoleh: What Comes After the Web
- Tushar Jain: Gas Fee Abstraction is Bearish L1 Tokens
- Flashbots: Zero Trust Execution Environments
- 0xCholy: Telegram Mini Apps – Transforming Applications
- Chaos Labs: Decentralized Derivatives 101: Models, Challenges, and Opportunities
- Takens Theorem: Creating, Destroying, and Restoring On-Chain Artwork
- Flashbots Forum: BONKbot’s Secure Signer Architecture
- Adam Silverman: Everything that Happened in AI Agents this Week
- 0xFunk | Archetype: Crypto-Powered Information Games
🐚 Project Updates 🔔
- Paymaster Allows USDC as Gas Fee Payment on Base
- INTELLECT-1: First Decentralized Training of a 10B Model
Everything that Happened in AI Agents this Week
> CrewAI Version 0.70.1 is out!
> Ahmad Awais introduces BaseAI
> Can now build your own Gumloop nodes with AI
> A new way to interact with Sierra agents: voice.
> Salesforce is launching Agentforce👇
Source: https://x.com/atomsilverman/status/1844889384136679881?s=52&t=txFAbiSPTdLLDlAYj9X_AA
GEOD Token is Now Natively Multichain and Expands to Solana
powered by Wormhole Native Token Transfers
Source: https://x.com/GEODNET_/status/1846189290159563150
Trump's Lead Over Kamala Set Another Record High, Odds Increase to ~16%
> Trump 57.7% chance
> Harris 41.9% chance
Source: https://x.com/polymarket/status/1846219853675233422?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Ethresearch: Comparing Two Hash Functions for Multi-Party Computation and Zero-Knowledge
This research compares hash functions Poseidon and Hydra for multi-party computation (MPC) and zero-knowledge proofs (ZKPs).
Observations suggest better efficiency using Hydra.
Source: https://ethresear.ch/t/comparing-two-hash-functions-for-multi-party-computation-and-zero-knowledge/20661
LayerZero Partners with Movement Labs
to make Movement more accessible, seamlessly interoperable, and easy-to-use
Source: https://x.com/movementlabsxyz/status/1844528451329589454
cherryblue: Onchain Reality Maximalism
Onchain Reality Maximalism” is an evolution of civilization itself
everyone can become their own master, breaking free from imposed choices
no centralized control, no irreversible collapse
> “We advocate for “Onchain Reality Maximalism” because we believe that the inherent decentralization and immutability of blockchain technology provide a strong foundation for building these new realities”
Source: https://mirror.xyz/cherryblue.eth/s1bbQudWOi-sS8VlRQB_S2PGw9ddDQl2aTqW9x2z-O0
Sorella: A New Era of DeFi with App-Specific Sequencing (ASS)
ASS enables sovereign applications to be built
Gives individual apps the power to take control of how their transactions are sequenced.
Allows onchain apps to protect their users and liquidity from the harmful effects of MEV
> This post provides a deep dive on ASS and how it enables Sovereign Application
Source: https://x.com/SorellaLabs/status/1845886707255877975
feUSD: the First Hyperliquid-Native Stablecoin
Built by Felix protocol
Source: https://x.com/felixprotocol/status/1845836198385992082
Four Pillars: EigenLayer’s Recent Market Dynamics and Future Outlook
After trading at over $13 on OTC markets earlier this year, $EIGEN has been hovering between $3~$4 since its public listing on October 1
> This piece analyze the underlying causes of EIGEN’s underperformance and its future outlook.
Source: https://4pillars.io/en/opinions/eigenlayer-recent-market-dynamics-and-future-outlook
Francesco: Mega Intro to MegaETH
MegaETH is a fast and scalable blockchain focused on performance.
their testnet expected to launch in November 2024 and mainnet in the works for Q1 2025
> This article introduces MegaETH, abstracting the complexity of the tech stack and highlighting their value proposition, as well as new use cases unlocked with their performance.
Source: https://fraxcesco.substack.com/p/mega-intro-to-megaeth-8e6?r=aaog1&utm_medium=ios&triedRedirect=true
Solv Protocol Raises $25M in Total Funding
Driving Mass Adoption of Bitcoin Staking with SAL
Source: https://solvprotocol.medium.com/solv-protocol-raises-25m-in-total-funding-driving-mass-adoption-of-bitcoin-staking-with-sal-893c5d419c90
October 13th~ Rollup
🐚 Research and Ideation 💡
- Silent Protocol: Making Ethereum Institution Friendly & Solving the Duality of Confidentiality
- Vitalik: Possible Futures of the Ethereum Protocol, part 1: The Merge
🐚 Project Updates 🔔
- 'Off The Grid' Surpasses Expectations Upon Launch
New Battle Royale Game 'Off The Grid' Surpasses Expectations Upon Launch
OTG is a cyberpunk-themed third-person Battle Royale video game, with plans to integrate crypto features through an Avalanche Subnet
Key stats from first few days:
> #1 on Epic Games store
> Over 1.1m wallets created
> Top 3 streamed game on Twitch with >1m hours watched.
Source: https://x.com/zemariamacedo/status/1845054922678812862?s=52&t=txFAbiSPTdLLDlAYj9X_AA
0xFunk | Archetype: Crypto-Powered Information Games
Crypto-powered information can increase our collective decision making-abilities and unlock efficiency gains on the scale of global GDP
> zkTLS, TEEs, MPC, Futarchy are all driving technological revolutions in how we produce and monetize information.
> From prediction markets to game-theoretic oracles and TEE networks, this piece covers the design space for creating these crypto-powered information games, and the infrastructure critical in bringing them to their full potential.
x.com/0xfunk/status/1845156773050843221?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Source: https://www.archetype.fund/media/crypto-powered-information-games
Prime Intellect Announces INTELLECT-1: First Decentralized Training of a 10B Model
Scaling decentralized training 10x beyond prior efforts
Source: https://x.com/PrimeIntellect/status/1844814829154169038