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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
Lazyvillager1: Macro & The Ethereum Trade
This thread intends to capture iterative development around ETH from ~$3200.
A view on market forces & fundamental analysis underpinning flows
Source: https://x.com/lazyvillager1/status/1819865002024837399
Post-TGE Price Performance of Tokens Backed by Paradigm
“Even if a project has a reputable backer, that does not automatically convert into great returns for public market investors”
Source: https://x.com/tokenterminal/status/1819752943933174213
AnyTool: The AI That Can Use Any Tool
By combining a hierarchical API retriever, a self-reflection mechanism, and a revised evaluation protocol, AnyTool paves the way for more reliable, adaptable, and effective LLM agents capable of harnessing the power of vast API ecosystems
https://github.com/dyabel/AnyTool
Source: https://x.com/intuitmachine/status/1819326456066965773?s=46&t=ywALktyM5ZCyt-zigN5Big
Ethresearch: MagicSpend++ Spend Now, Debit Later
The current smart wallet experience forces an average Ethereum user to deal with fragmented asset, forcing them to manage fragments of their assets across 100+ rollups along with complexities
> This research propose MagicSpend++, a framework to allow users to magically spend on any chain instantly, without worrying about which chains their tokens are on.
Source: https://ethresear.ch/t/magicspend-spend-now-debit-later/19678
LLM Critics Help Catch LLM Bugs (June, 2024)
Reinforcement learning from human feedback (RLHF) is fundamentally limited by the capacity of humans to correctly evaluate model output.
> This paper tackles this challenge by proposing a novel solution: using LLMs themselves to critique the outputs of other LLMs.
> The authors advocate for training specialized LLM-based "critics" that can automatically identify and highlight potential issues in code generated by their counterparts.
https://arxiv.org/pdf/2407.00215
Source: https://x.com/intuitmachine/status/1819705846206533853?s=46&t=ywALktyM5ZCyt-zigN5Big
0xPARC: Programmable Cryptography (Part 1) July 30, 2024
Cryptography is undergoing a generational transition, from special-purpose cryptography to programmable cryptography.
Programmable cryptography primitives are far more flexible than first-generation cryptography as they allow us to perform general-purpose computation inside or on top of cryptographic protocols.
Examples include:
> Fully-homomorphic encryption (FHE)
> Multi-party computation (MPC)
> zkSNARKs
> Witness encryption
> Obfuscation
Source: https://0xparc.org/blog/programmable-cryptography-1
SXSW: The Singularity Is Nearer Featuring Ray Kurzweil (March, 2024)
Ray Kurzweil- Computer Scientist, Inventor, Futurist
Ray Kurzweil predicted in 1999 that the singularity, a hypothetical future event wherein artificial intelligence (AI) surpasses human intelligence will occur by 2029. Today, we are on track to reach that
Source: https://www.youtube.com/watch?v=xh2v5oC5Lx4
Solana: How It Works - An Executive Overview of the Solana Protocol
A holistic overview of the core Solana protocol that balances accessibility and depth.
> It provides an overview of all the key moving parts of the core protocol: Gulf Stream, the TPU, Turbine, block verification, consensus and gossip.
https://report.helius.dev
Source: https://x.com/__lostin__/status/1819086627387724022
Solana Builders — Ore: A New International Money
ORE is a Bitcoin-like peer-to-peer electronic currency distributed via proof of work mining, but implemented as a program atop Solana
> This thesis presents Ore as a levered bet on Solana’s success — a Solana-native mineable money has a solid risk versus return profile at 15-20m CMC.
Source: https://www.helius.dev/blog/solana-builders-ore-a-new-international-money
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 $5M USDC,
> 28,029 eligible addresses in total. More👇
Source: https://www.jupresear.ch/t/everything-you-need-to-know-about-dbr-s-launch-on-lfg/20893
Decentralised Co: Humpty Dumpty Took Over a DAO
A story of how a whale investor (or a group) forced the Compound DAO to make their governance token yield-bearing.
> A group of investors going by Goldenboys or Humpy on X managed to leverage substantial holdings to force a significant change in the protocol's governance structure, compelling the DAO to share 30% of its revenue with COMP token holders.👇
Source: https://www.decentralised.co/p/humpty-dumpty-took-over-a-dao?r=aaog1&utm_campaign=post&utm_medium=web
Consumer on Bera: An Ecosystem Spotlight on Berachain Native Consumer-Focused Apps
Consumer apps building on bera include: PuffPaw, Beratone, OverUnder, and Goy
> This post briefly discuss PoL and how these consumer crypto apps make use of it.
Source: https://blog.berachain.com/blog/consumer-on-bera-an-ecosystem-spotlight-on-berachain-native-consumer-focused-apps
Galaxy: Exploring Bitcoin for Data Availability
“Dozens of rollups being “built on bitcoin” but only a small few will launch & survive on bitcoin”
> This report explains why bitcoin doesn’t have enough blockspace for all rollups and why the cost to post data will be too expensive for most of them
www.galaxy.com/insights/research/exploring-bitcoin-for-data-availability/
Source: https://x.com/intangiblecoins/status/1819356123247370448?s=46&t=ywALktyM5ZCyt-zigN5Big
August 3rd~ Rollup
🐚 Research and Ideation 💡
- OpenAI: LLM Critics Help Catch LLM Bugs (June, 2024)
- Joshcrnls.eth: Notes on Consumer Crypto | Aug 3, 2024
- Ethresearch: MagicSpend++ Spend Now, Debit Later
- [Vitalik] Review: Museums of the Future, Dubai and Tokyo
- Token Terminal: Post-TGE Price Performance of Tokens Backed by Paradigm
🐚 Project Updates 🔔
- AnyTool: The AI That Can Use Any Tool
LFG Introduction: dVIN ($VIN) - Tokenizing the $1T Wine Asset Class
dVIN is building the universal protocol for luxury and investment-grade wine on the blockchain.
> $VIN is the universal currency for dePIN & consumer data in the wine industry launching in September
Source: https://www.jupresear.ch/t/lfg-introduction-dvin-vin-tokenizing-the-1t-wine-asset-class/21030
[Vitalik] Review: Museums of the Future, Dubai and Tokyo
“The ideal museum of the future that I would want to see, is one that combines the boldness of the Dubai Museum of the Future's imagination, with the welcoming and inviting spirit that only something like the Miraikan (Tokyo) can bring.”
Source: https://vitalik.eth.limo/general/2024/08/03/museumfuture.html
Joshcrnls.eth: Notes on Consumer Crypto | Aug 3, 2024
The note covers:
> Farcaster marketing: whether Dan and team should be actively marketing the product beyond crypto
> Distribution is all that matters: Tactical things founders did to get distribution into their wedges
> Speculation is the wedge: Consumer crypto products having speculation & financialization at their core
> Make now meme: Launching a memecoin from a single tweet, and more
Source: joshcrnls.eth/aug-3" rel="nofollow">https://paragraph.xyz/@joshcrnls.eth/aug-3
August 2nd~ Rollup
🐚 Research and Ideation 💡
- Ethresearch: Inclusion List Timing Constraints
- ParaFi Capital: Exploring Polymarket’s Recent Activities & Growth
- Helius: Solana Builders — Ore: A New International Money
- kel xyz: A New International Money - $ORE v2
- Helius: Solana: How It Works - An Executive Overview of the Solana Protocol
- Jordan McKinney: EigenLayer Explained - 4th Paradigm in CryptoEconomic Capital Efficiency
- SXSW: The Singularity Is Nearer Featuring Ray Kurzweil (March, 2024)
- 0xPARC: Programmable Cryptography (Part 1) July 30, 2024
🐚 Project Updates 🔔
- Lido Launches “Lido Institutional”
- Skate: Introducing Polymarket on TON
Polymarket on TON –Enabled & Powered by Skate
Users just interact with the TG mini apps, executes an intent and the whole flow gets executed for him
> SKate’s CEO walk us through how seamless the UX will look like, the pilot application, and how the flows happened in the backend👇
Source: https://x.com/skate_chain/status/1819265829244211340
Jordan McKinney: EigenLayer Explained - 4th Paradigm in CryptoEconomic Capital Efficiency
This video explain why EigenLayer could be the fourth major paradigm in cryptoeconomic capital efficiency, with Bitcoin being the first, followed by Ethereum, and Roll-Ups being the third
Source: https://www.youtube.com/watch?v=iMFscq9Sxdk
kel xyz: A New International Money - $ORE v2
Ore innovates at the cryptography level with DrillX, a new mining algorithm allowing anyone the ability to mine forever.
> With mining emissions extending to the 2060s or 2070s, Ore inflation will be steep upon v2 launch
Source: https://x.com/kelxyz_/status/1819423315158561055
ParaFi Capital: Exploring Polymarket’s Recent Growth
With the 2024 U.S. election nearing, Polymarket has seen $688 million in trading volume year to date and weekly active users grow ~14x from around 1,400 to 20,000+
This post explore:
> Factors driving Polymarket’s recent traction
> How much has Polymarket’s growth been influenced by the U.S. election?
Source: https://x.com/paraficapital/status/1819099827554181328
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