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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
OpenEden Crosses $75 Million in Tokenized US Treasury Bills
Source: openeden/openeden-crosses-75-million-in-tokenized-us-treasury-bills-751b91a65568" rel="nofollow">https://medium.com/@openeden/openeden-crosses-75-million-in-tokenized-us-treasury-bills-751b91a65568
July 23rd~ Rollup
🐚 Research and Ideation 💡
- Vitalik: Exploring Circle STARKs
- Suhail Kakar: Circle Starks ELI5
- Decentralised Co: Layered Bitcoin
- FHE Onchain: FHE Summit 2024 - Keynotes and Panel
- LangChain: Planning for Agents
- Variant: The Future of DEX Trading - A UniswapX Case Study
- Goodalexander: ETH - Democrat Crypto
- Revelo Intel: Story Protocol - The L1 for Tokenizing IP: What You Need to Know
- Unchained Podcast: Apps on the TON Blockchain Have Become Extremely Popular. Is It Sustainable?
- Helius: Solana Builders — ZK Compression
🐚 News 📕
- Spot ETH ETFs Are Now Live!
- Mark Cuban Says Kamala Harris’ Camp Reached Out With 'Multiple Questions' About Crypto
- Grayscale Announces Launch of Grayscale Ethereum Mini Trust: $ETH
- Solana Surpasses Ethereum in Trailing 30 Day DEX Volume For the First Time Ever
- Olympic Committee (IOC) Has Unanimously Voted Yes for the Creation of the Olympic Esports Games
- David Bailey is in Talks with Kamala Harris to Speak at Bitcoin 2024 in Nashville
🐚 Project Updates 🔔
- dYdX v3 Website (dYdX . exchange) Has Been Compromised
- Bitwise Will Donate 10% of Profits to Ethereum Open-Source Protocol Development
- Telegram Reaches 950M Monthly Active Users
- Unbound Fund: Hold Bitcoin and Acquire Portuguese/EU Citizenship
- Bunni v2 Testnet is Now Live
- Skate is Bringing Polymarket on Telegram (Soon)
Helius: Solana Builders — ZK Compression
Just as ZK is a way to prove that you carried out a computation correctly, ZK Compression uses the same technology to run the actual Merkle tree membership logic.
> It has a circuit that can take the account data, a proof (128 bytes), and verify that the data is indeed part of the "commitment" on the chain.
Properties of Solana that ZK-Compression retains:
> Synchronous Atomic Composability
> Concurrency
> Safety
> Liveness
> Censorship resistance
Source: https://www.helius.dev/blog/solana-builders-zk-compression
Unchained: Apps on the TON Blockchain Have Become Extremely Popular. Is It Sustainable?
Guest: Alena Shmalko & Jack Booth from TON Foundation
Games on TON have taken off, garnering hundreds of millions of users in a few months.
> They discuss how TON has managed to garner this traction, especially after a rocky start when the SEC went after the original founder, Telegram.
Source: https://open.spotify.com/episode/31sLhE1noUFyXdIEqZ7CwP?si=zMgCBMJYRUePzcCjBdKbKw&nd=1&dlsi=8a1d96c937514444
Unbound Fund: Hold Bitcoin and Acquire Portuguese/EU Citizenship
Unbound Fund is the first Golden Visa eligible fund that gives you exposure to Bitcoin.
> It is now possible to acquire Portuguese/EU citizenship by indirectly holding BTC worth €500K
Source: https://x.com/0x_ale/status/1815683546670858685
Telegram Reaches 950M Monthly Active Users
up from 900 million in the spring.
Source: Du Rove’s Channel
LangChain: Planning for Agents
Planning and reasoning by an agent involves the LLM’s ability to think about what actions to take. This involves both short-term and long term steps.
> The lowest hanging fix for improving planning is to ensuring the LLM has all the information required to reason/plan appropriately.
> This piece discuss planning by agent, inability for agents to plan and reason well, how to overcome this shortcoming, and the future of planning and reasoning for agents 👇
Source: https://blog.langchain.dev/planning-for-agents/
The International Olympic Committee (IOC) Has Unanimously Voted Yes for the Creation of the Olympic Esports Games
Source: https://x.com/iocmedia/status/1815787780749881361
Grayscale Announces Launch of Grayscale Ethereum Mini Trust: $ETH
Grayscale Ethereum Trust, ETHE also got uplisted to NYSE Arca
Source: https://x.com/Grayscale/status/1815688403381531021?t=LTE7LW6W9XveOCi9cn9bMg&s=19
FHE Summit 2024 - Keynotes and Panel
4 keynotes, 1 panel and 9 workshops from builders, researchers, and investors in FHE x Web3
> From FHE hardware acceleration, MEV protection, private DeFi, AI, L2, to Restaking👇
Source: https://www.youtube.com/playlist?list=PLeyFSoYRt-Wmp9w8THT64Bg3XOl1ZEw3O
dYdX v3 Website (dYdX . exchange) Has Been Compromised
Please do not visit the website or click any links until further notice
Source: https://x.com/dYdX/status/1815780835473129702?t=W6dpV3jC_vl0mQy3j-lKjg&s=19
Suhail Kakar: Circle Starks ELI5
Source: https://x.com/SuhailKakar/status/1815757550282752409?t=UFI9XA2PulqlshoZEstEaQ&s=19
Vitalik: Exploring Circle STARKs
“Circle STARKs don't impose too many extra complexities on developers compared to regular STARKs.”
> The underlying math behind what the "polynomials" that circle FRI is operating on is quite counterintuitive, and takes a while to understand and appreciate.
> It just so happens that this complexity is hidden away in such a way it's not that visible to developers.
> The complexity of circle math is encapsulated, not systemic.
Source: https://vitalik.eth.limo/general/2024/07/23/circlestarks.html
The Rollup: A Holistic View of Ethereum and The Modular Ecosystem
Guest: Ganesh Swamy, founder of Covalent
Discussion:
> Convergence of Cosmos and Ethereum roadmaps
> The future of modularity
> The challenges faced by Cosmos zones
> The power of light clients in blockchains
> Long-term availability solutions, and more
Source: https://x.com/therollupco/status/1814307435500163328
Flywheel: The Perpification of Real World Assets on Ostium w/ kaledora @ Ostium
This episode discussed how Ostium is bringing the “perpification” of RWAs to the masses, including:
> The Role of Oracles
> Building Ostium’s Oracles
> Settlement in Ostium
> Challenges in Scaling RWA Perp Dex’s
> Integrating Interest-Bearing Assets, and more
Source: https://x.com/flywheeldefi/status/1815459499991593456?s=52&t=txFAbiSPTdLLDlAYj9X_AA
David Bailey: Kamala Harris will not be speaking at the Bitcoin Conference
“What can she say to us when she’s actively imprisoning developers, forcing our industry overseas, attacking PoW. It would have been a disaster for her”
Source: https://x.com/DavidFBailey/status/1816114440569323713?t=SiZSB07ySvT6Zq1VhvIeoQ&s=19
Skate is Bringing Polymarket on Telegram (Soon)
Powered by Skate's Stateless App Model on TON
Source: https://x.com/skate_chain/status/1815737277856796959
Bunni v2 Testnet is Now Live
A revolutionary AMM that introduces several groundbreaking features to optimize liquidity provision and maximize profits for liquidity providers
Bunni v2 is:
> Automated: Auto-shift liquidity to earn more fees
> Customizable: Provide liquidity in any shape
> Programmable: Control your liquidity's shape & behavior with code
Source: https://x.com/bunni_xyz/status/1815469213722800360?s=46
Revelo Intel: Story Protocol - The L1 for Tokenizing IP: What You Need to Know
Story describes itself as the ‘World’s IP blockchain’, looking to effectively tokenize world’s creativity
> Its architecture consists of a Cosmos-SDK L1 that is also EVM-compatible
> It introduces Proof-of-Creativity: bridge between traditional IP rights and the blockchain
> This help with onramping or the actual tokenization of IP onchain.
> The protocol has outlined some interesting key areas of focus, one being AI, unsurprisingly.
> AI spells all sorts of complications when it comes to IP for obvious reasons.
> Another advantage stressed by the team is being based in Seoul, with Co-founder Lee having previously sold his previous business for $400M+ to Kakao, dominant messaging app in Korea.
Source: https://revelointel.substack.com/p/story-protocol-the-l1-for-tokenizing?r=aaog1&utm_medium=ios&triedRedirect=true
goodalexander: ETH - Democrat Crypto
“I think that there will be a media blitz in favor of Kamala Harris in the next several weeks, as well as an increasing focus on her $10 Trillion Climate desires, as well as focus on AI & its associated power costs”
> These narratives will drive institutional thought patterns,
> Blackrock is situated to capture them from a marketing perspective
> “I think ETH will become "Democrat Crypto"
> “Eth will get crypto inflows from "climate sensitive institutions"
> “There will also be natural sovereign bids as the ETF itself derisks asset custody”
Source: https://x.com/goodalexander/status/1815740833875816686?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Variant: The Future of DEX Trading - A UniswapX Case Study
It’s been almost a year since UnixwapX’s launch - bringing offchain liquidity to the largest DEX
> The AMM continues to fill 60-80% of total volume, even substantial volume of major tokens on CEXs.
> This article explore ETH/USDC trading through the Uniswap front end.
> Since ETH prices are set on CEXs, and fees are much lower,
> Theoretically most volume here should be filled offchain.
> That’s not the case, however, and almost ~30% of volume is filled by the AMM.
> This research explored why, with two hypotheses in mind : Stale prices and Filler economics👇
Source: Twitter post | https://blog.variant.fund/the-future-of-dex-trading
David Bailey is in Talks with Kamala Harris to Speak at Bitcoin 2024 in Nashville
David Bailey - Bitcoin 2024 Conference CEO
> “Would be very savvy of her to reset the democrat positioning on the fastest growing voter block in the country”
Source: https://x.com/DavidFBailey/status/1815848521205178404
Solana Has Surpassed Ethereum in Trailing 30 Day DEX Volume For the First Time Ever
it is now the most used chain by that measure
Source: https://x.com/_ryanrconnor/status/1815753548841300025
Mark Cuban Says Kamala Harris’ Camp Reached Out With 'Multiple Questions' About Crypto
“I’m getting multiple questions from her camp about crypto,” he said Tuesday.
“So I take that as a good sign.”
Source: https://x.com/deitaone/status/1815813380256719213?s=52
Bitwise Will Donate 10% of the Profits of the Bitwise Ethereum ETF (ETHW) to Ethereum Open-Source Protocol Development
Source: https://x.com/BitwiseInvest/status/1815486261337182504?t=MQcsGu1Kp9jb3_sCsBL1Xg&s=19
Decentralised Co: Layered Bitcoin
The Bitcoin island only allows residents to hold, transfer, or trade their BTC for inscriptions and runes with a clunky UX.
> With limited things to do, BTC remained in coffers
> This article is about how some teams are building different ways for Bitcoiners to use their riches other than just holding them
> It explains the need for better infrastructure, and different approaches taken by teams aiming to expand use cases for BTC
Source: https://www.decentralised.co/p/layered-bitcoin
Spot Ethereum ETFs Are Now Live!
Source: https://x.com/binance/status/1815743173961904529?t=NsQtpE07tKmQJ3lBArFJug&s=19
July 22nd~ Rollup
🐚 Research and Ideation 💡
- Lawrence: Polymarket, or How I Learnt to Love Drama
- Youbi Capital: Doubler - A Crypto Native DeFi Protocol Tailored for Turbulent Cycles
- 0xBreadguy: How Opinionated an App is and their Likelihood of Finding PMF
- EugeneAVM: Berachain Consumer Ecosystem
- LFG! with Cathnivore: AI Value Chain Simplified with Heurist AI Founder
- Austin King: MagicSpend- Base’s Latest Chain Abstraction Product
- Asxn: Chain Abstraction Landscape
- Modular Summit: MEV in 2025
- ArXiv: Who Wins Ethereum Block Building Auctions and Why?
- Spartan Group: Cross-Chain Interoperability: LayerZero
- Stacy Muur: Summary of Delphi Digital’s “A TON of Gaming" Report
- Flywheel: The Perpification of Real World Assets on Ostium w/ kaledora
- Whitepaper: Future of Loyalty Programs with Web3 (Polygon Labs x Google Cloud x Accenture)
- The Rollup: A Holistic View of Ethereum and The Modular Ecosystem
🐚 News 📕
- SEC Approves Spot Ethereum ETF Trading for July 23
🐚 Project Updates 🔔
- Superstate Introduces the Superstate Crypto Carry Fund (USCC)
- Pocket Universe Has Detected a Hack on KelpDAO's Official Website
- DOGS: Airdrop for Telegram Users
- BONKbot Reveals Interesting things are Coming
- Lumio on Solana is Live on Public Devnet
Whitepaper: Future of Loyalty Programs with Web3 - Polygon Labs x Google Cloud x Accenture
> Loyalty programs have been supercharged with integrations like tokenized privileges, gamification, collectibles, and ugc.
> Nike, Flipkart, & Nubank have already shifted from value-based consumption to experiential consumption, using Polygon CDK and zk proofs.
> Read more on the shift from value-based consumption to experiential consumption👇
https://info.polygon.technology/future-of-loyalty-programs-with-web3
Source: https://x.com/sandeepnailwal/status/1815478957950771417
Lumio on Solana is Live on Public Devnet
Lumio on Solana is an L2 that currently supports SVM equivalence so developers can deploy with no code changes.
> Devs can start deploying & users can start bridging SOL.
Source: https://x.com/lumioFDN/status/1815378644455375021