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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
Ethresearch: Inclusion List Timing Constraints
An inclusion list (IL) is a list of transactions that a block proposer commits to including in a block.
> Different designs bring different timing limitations for inclusion list actors.
> This post argues there's no perfect design due to trade-offs within an Ethereum slot.
> It compare multiple designs, focusing on the limitations related to timing, security, and feasibility
Source: https://ethresear.ch/t/inclusion-list-timing-constraints/20198
August 1st~ Rollup
🐚 Research and Ideation 💡
- Grayscale: AI Is Coming - Crypto Can Help Make it Right [July 17, 2024]
- Movement Labs Research: What Is Movement?
- Variant: Things We’re Excited About in Crypto
- Mason Nystrom: Exchanges Everywhere All At Once
- Knwang: Discussion on Intent Bridging and Messaging
- Variant: Investing in Morpho (Again)
- Encifher: FHE is a Game-Changer for Encryption & Blind Data Processing on Blockchains
- Delphi Digital: Ostium - On-chain Perps for RWAs
- Messari: Exploring AI x Crypto
- Seth Bloomberg: What is Really Going On at the Intersection of AI x Crypto?
- 0xResearch: Bringing ZK Proofs to Developers Everywhere
- c0xswain: Predatory Tokenomics in LBPs and why $RAGE is Different
- Maslow's Hierarchy of DeFi
- Knower Bera: Consumer on Bera
- Maven11 Research: The Road To Based Applications
- Decentralised Co: Humpty Dumpty Took Over a DAO
- Florin Digital: Chapter 3 - Verifiable Off-Chain Compute
- deBridge Foundation: Everything You Need to Know About DBR’s Launch on LFG
- Mikey0x: How Polymarket LP Rewards Work, How Much they're Spending & How Sustainable It Is
🐚 News 📕
- Bloomberg: US Traders Flock to an Election-Betting Site they're Banned From
🐚 Project Updates 🔔
- Paladin: Solving Bad MEV for Good
🐚 Raises 💰
- Morpho Labs Secures $50M, led by Ribbit Capital
deBridgeFoundation: Everything You Need to Know About DBR’s Launch on LFG
> The tentative planned time is the end of August
> The LFG Vault will sell 2% (200,000,000) of total supply — of DBR tokens at $250M FDV ($0.025 per token) with a cap of $5M USDC,
> 28,029 eligible addresses in total. More👇
Source: https://www.jupresear.ch/t/everything-you-need-to-know-about-dbr-s-launch-on-lfg/20893
Decentralised Co: Humpty Dumpty Took Over a DAO
A story of how a whale investor (or a group) forced the Compound DAO to make their governance token yield-bearing.
> A group of investors going by Goldenboys or Humpy on X managed to leverage substantial holdings to force a significant change in the protocol's governance structure, compelling the DAO to share 30% of its revenue with COMP token holders.👇
Source: https://www.decentralised.co/p/humpty-dumpty-took-over-a-dao?r=aaog1&utm_campaign=post&utm_medium=web
Consumer on Bera: An Ecosystem Spotlight on Berachain Native Consumer-Focused Apps
Consumer apps building on bera include: PuffPaw, Beratone, OverUnder, and Goy
> This post briefly discuss PoL and how these consumer crypto apps make use of it.
Source: https://blog.berachain.com/blog/consumer-on-bera-an-ecosystem-spotlight-on-berachain-native-consumer-focused-apps
c0xswain: Predatory Tokenomics in LBPs and why $RAGE is Different
These predatory tokenomics usually comes in the form of a fixed unlock for KOLs (usually 10-30% of allocation) followed by a linear vesting schedule.
> Majority of LBPs are unprofitable, and this effect is exacerbated on longer timeframes.
> “$RAGE will be different from past LBPs as the fixed price, fair val, and lack of supply overhang creates PvE conditions”
Source: https://x.com/c0xswain/status/1818618076411404633?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Seth Bloomberg: What is Really Going On at the Intersection of AI x Crypto?
The intersection of AI and crypto is a rapidly evolving space, with debates around centralized vs decentralized AI and the potential for crypto networks to accelerate AI development.
> Open-source AI initiatives, such as Prime Intellect and Bittensor, are leveraging decentralized compute networks and coordination platforms to develop and deploy AI models.
> Meanwhile, AI agents, like Wayfinder and Autonolas, are being built to interact with on-chain protocols, enabling new economic activity and scaling possibilities.
Source: https://x.com/bloomberg_seth/status/1818985829001269426?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Delphi Digital: Ostium - On-chain Perps for RWAs
Ostium is a DEX built on Arbitrum offering synthetic perps for RWAs and crypto.
> With an innovative design, Ostium addresses challenges faced by both perpetual DEXes and RWA protocols.
> Its Shared Liquidity Layer reduces the adversarial relationship and net directional exposure for LPs
Source: https://x.com/Delphi_Digital/status/1819059753865170996
Variant: Investing in Morpho (Again)
Today, Variant has announced their investment in Morpho’s latest round, they also co-led Morpho’s seed round in 2022
> “The scale of activities that can be facilitated by Morpho’s infrastructure is enormous, and the potential for Morpho to benefit users is large”
Source: blog.variant.fund/investing-morpho-again
US Traders Flock to an Election-Betting Site they're Banned From
Site reported wagers on US elections approach $1b
> Users can resort to VPN to evade blockade
Source: https://www.bloomberg.com/news/articles/2024-08-01/polymarket-rides-election-betting-frenzy-that-defies-a-us-ban?embedded-checkout=true
Mason Nystrom: Exchanges Everywhere All At Once (Exchanges and Where to Find Them)
Exchanges are well-positioned to develop in scenarios where:
> New assets emerge onchain
> Apps control distribution and can introduce transactional behavior
> New services emerge that impact valuable onchain state or in a way connected to transactions
> Crypto games control their own asset issuance and have open economies
> Developer platforms can introduce service marketplaces or auction houses for transactions
Source: www.masonnystrom.com/p/exchanges-everywhere-all-at-once?utm_campaign=post
Movement Labs Research: What Is Movement?
Movement network is a set of modular and configurable Move Rollups that provide a platform for deploying interoperable, app-specific chains
> A network of high-throughput, fast-finality Move-based rollups secured by Ethereum
> This piece explain Movement, why Move and the Move Virtual Machine (MoveVM), features of the Move Rollups, and more
Source: https://blog.movementlabs.xyz/article/what-is-movement-move-blockchain
Morpho Labs Secures $50M, led by Ribbit Capital
The funding will support Morpho’s mission to make financial infrastructure a public good
Source: https://x.com/morpholabs/status/1819010855964479751?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Binance Labs Invests in Particle Network to Address User & Liquidity Fragmentation in Web3
Source: https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-particle-network-to--address-user-and-liquidity-fragmentation-in-web3-2579347885390894943
Gnosis DAO Introduces Gnosis AI
Division of Gnosis Labs working at the intersection of AI and web3
> Gnosis AI is focused on agent-to-agent payments and prediction markets
Source: https://www.gnosis.io/blog/meet-gnosis-ai
Lido Launches “Lido Institutional”
A middleware solution for enterprise-grade staking
Source: https://x.com/LidoFinance/status/1819363354600698040
Mikey0x: How Polymarket LP Rewards Work, How Much they're Spending & How Sustainable It Is
> Polymarket pays USDC to those who provide limit orders (liquidity) near mid-book.
> The closer to mid, the higher the reward. Double-sided LPs get more rewards.
Source: https://x.com/Mikey0x_/status/1818327819266757069
Florin Digital: Chapter 3 - Verifiable Off-Chain Compute: Enabling an Instagram-like Experience for Web3
TEE co-processor & crypto-economic co processor
Trusted Execution Environments ("TEEs") and Crypto-Economic Co-Processors enable cheap and verifiable off-chain compute solutions for apps.
> TEEs enable tamper-proof, confidential compute operations that remove the need for users to trust the computation component of the application👇
Source: https://florindigital.substack.com/p/chapter-3-verifiable-off-chain-compute
Maven11 Research: The Road To Based Applications
Based rollups are an off-chain state machine that delegates the sequencing of its blocks to the underlying layer (and its proposers)
> The implementation of based rollups requires significant changes to the underlying protocol, including preconfirmations, inclusion guarantees, and execution guarantees.
Source: maven11research/everything-on-based-rollups" rel="nofollow">https://paragraph.xyz/@maven11research/everything-on-based-rollups
Maslow's Hierarchy of DeFi
Source: https://x.com/chronear/status/1818597558077227215?s=46&t=2q9OLMlaobNlHLewOXT4uA
0xResearch: Bringing ZK Proofs to Developers Everywhere
Guest: Uma Roy, Co-founder of Succinct Labs
This episode covers:
> Succinct’s Prover Network & SP1
> Why zkVMs are needed
> Importance of being open source
> Whether all rollups will become zkRollups
> Succinct’s vision for the future, and more
Source: https://www.youtube.com/watch?v=qHUDNHNEJxw
Messari: Exploring AI x Crypto
This sector has seen explosive growth, with many projects now valued over a billion dollars with $230M invested in July 2024 alone
> AI agents will soon become autonomous, specialized in tasks & utilize crypto for transactions
> Platforms like Wayfinder will enable AI agents to perform secure onchain actions, such as token swaps and staking,
> This further integrates AI more deeply into the blockchain ecosystem
Source: https://x.com/MessariCrypto/status/1819032088869478716
Encifher: FHE is a Game-Changer for Encryption & Blind Data Processing on Blockchains
Fully Homomorphic Encryption (FHE) is a cryptographic primitive by which data can be processed without decryption. It enables encrypted data to be used both in transit and during processing.
> Key benefits of FHE include: Privacy, Security, and Versatility
> Encifher aims to enable much needed privacy and encryption within the Bitcoin landscape.
Source: https://x.com/encifherio/status/1819003885802885134?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Discussion on Intent Bridging and Messaging
> knwang: “Both systems require solver/relayer availability at either the transport or economic layers”
> “Incentivized agents are more likely to be available. The difference lies in how to achieve simpler agents”
> PrimordialAA: “Messaging is guaranteed to fill, intents are not”
> intents are a limit order hoping someone offchain is willing to take.
> Messages are a one-directional packet in a nonce enforced system that is guaranteed to be processed.
Source: https://x.com/knwang/status/1817976690192109652?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Paladin: Solving Bad MEV for Good
Paladin’s mission is to get rid of predatory MEV without introducing any centralization
> Fully decentralized, open-source +permissionless
> Paladin makes it more profitable for Solana validators NOT to frontrun
Source: uri_61495/introducing-paladin-9ec10ac49a31" rel="nofollow">https://medium.com/@uri_61495/introducing-paladin-9ec10ac49a31
Variant: Things We’re Excited About in Crypto
Predictions for this year and next:
> ETFs begin staking
> Mobile becomes the default.
> Institutions start staking.
> NFTs have another surprising evolution.
> Telegram leans into mini-apps/wallet/payments.
> DePIN onboards people to earning their first crypto.
> Block / CashApp launches a stablecoin.
> Shared sequencers finally launch, and more👇
Source: https://blog.variant.fund/things-excited-about-crypto
Grayscale: AI Is Coming - Crypto Can Help Make it Right [July 17, 2024]
Al is on the horizon and poised to have a profound impact, both positive and negative.
> By leveraging the attributes of blockchain technology, it is believed crypto can ultimately help mitigate some of the dangers posed by Al.
Source: www.grayscale.com/research/reports/ai-is-coming-crypto-can-help-make-it-right
July 31st~ Rollup
🐚 Research and Ideation 💡
- Arthur Hayes: Airhead
- Catalysis: Shared Security Abstraction
- Austin King: Chain Abstraction - Top 10 Accounts to Follow to Stay Up to Date
- juggernaut: Banana Gun – Holding Ethereum Hostage
- The Rollup: One Rollup or A Million Rollups?
- Telegram Browser, Mini App Store, Gifting Stars, and more
- Biconomy: AI Agents Transforming the Web3 User Experience [July 18th]
- Michael Egorov: Did You know Curve Revenues Are Comparable to Aave Revenues?
🐚 Project Updates 🔔
- Flywheel v1.0 Litepaper, Part 2
- Elixir Introduces Decentralized US Dollar (deUSD)
- Gnosis DAO Introduces Gnosis AI
- Binance Labs Invests in Particle Network to Address User & Liquidity Fragmentation in Web3
🐚 Raises 💰
- Jokerace Raises $3 million, Led by Maven11
Michael Egorov: Did You know Curve Revenues Are Comparable to Aave Revenues?
This DefiLlama chart shows system revenues for Curve and for Aave are pretty similar.
Source: Post on X | ✈️/channel/michael_curve/6
Spindl: Flywheel v1.0 Litepaper, Part 2
What if we wired crypto-native publishers onto the existing incentivized mechanisms like quests and referrals, and built it with all the onchain measurement and targeting?
> This is what Spindl/Flywheel provides at scale.
> It aim to create a permissionless, onchain advertising protocol that leverages blockchain data for targeting & measurement, ensuring user privacy
Source: https://blog.spindl.xyz/p/flywheel-v10-litepaper-part-2?r=aaog1&utm_medium=ios&triedRedirect=true