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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
Decentralised Co: How To Build Product-Community Fly Wheels
This piece covers:
> A break down of how communities are built at each stage of a venture’s growth.
> Why at seed stages, you should fly under a known, more recognisable flag.
> How talking to users & making them feel seen & heard make a huge difference as you scale
> Why "culture" is the final battle for firms to take on as they grow.
Source: https://www.decentralised.co/p/how-to-build-product-community-fly?utm_source=share&utm_medium=android&r=lwdxw&triedRedirect=true
Binance Will Delist CVP, EPX, FOR, LOOM, REEF and VGX and Stop Trading on 2024-08-26
⏰ 03:00 (UTC)
Source: https://www.binance.com/en/support/announcement/binance-will-delist-cvp-epx-for-loom-reef-vgx-on-2024-08-19-e2fcd2c945654c8d832395335429403e?hl=en
Andrew Kang: Some Interesting Developments Upcoming for $SUI
> Raoul pal shill thread while he sits on advisory board
> Large OTC bids
> Relatively strong holdership through big unlocks
> Aggressive price action with no pullback
> Big recent performance upgrade with Mysiceti potentially allowing for interesting new apps
Source: https://x.com/Rewkang/status/1822732195255243086
Takens Theorem: Some L2 Data Trends Post-Dencun
An analysis of trends in bridging from L1 to L2 after the March, 2024 upgrade that included blobs & more
> This post consider 5 major L2 ecosystems to investigate how bridging activity may have changed after Dencun: Arbitrum, Base, Optimism, Blast, and Mantle
Source: https://medium.com/etherscan-blog/some-l2-data-trends-post-dencun-0d08d7a0e913
Overview of Hyperliquid EVM or HyperEVM
The Hyperliquid EVM is an EVM-equivalent network like Base or Arbitrum, which means it’s compatible with Ethereum smart contracts and tooling like wallets, right out of the box.
> This piece discuss everything to know about HyperEVM including its live testnet, key features, & more
Source: https://x.com/abhiii53/status/1821234175212667080?s=46&t=2q9OLMlaobNlHLewOXT4uA
Maker is Planning to Offboard WBTC Due to the Change in Custody from Bitgo
Source: https://x.com/0xngmi/status/1822300546587324481?s=46&t=JD40fzcX5U9o3u11I1KlEA
Helius: A Short Introduction to DePIN
DePIN is a set of physical infrastructure that utilizes a network of nodes. It allows anyone to bootstrap the network and receive rewards for doing so.
> This piece explain DePIN, its functions, and its applications in various fields, such as storage, telecommunication, maps, and computing.
Source: https://www.helius.dev/blog/a-short-introduction-to-depin
a16z: Token Rights in Term Sheets: How to Avoid Predatory Deals
> Founders should beware of granting investors fixed, non-dilutable token interests
> Founders should beware of short lockups
> Founders should beware of unqualified approval rights over token issuances
> Prioritizing regulatory compliance
> Founders should beware of deals that have no restrictions
Source: https://a16zcrypto.com/posts/article/token-rights-in-term-sheets-how-to-avoid-predatory-deals/
August 10th~ Rollup
🐚 Research and Ideation 💡
- ASXN: Polymarket - An Election-Driven Success Story
- Coinbase: Restaking - Everything Old is New Again (April,2024)
- Artemis Weekly Wrap-up (8/10/2024)
Coinbase: Restaking - Everything Old is New Again (April,2024)
Key takeaways:
Restaking is setting the foundation for a new class of decentralized financial products on Ethereum, but the complexities around this new stream of income are non-trivial.
> The rise of liquid restaking tokens built on these processes not only reflect those complexities, but could also lead to hidden risks for the ecosystem
Source: https://www.coinbase.com/en-gb/institutional/research-insights/research/market-intelligence/restaking-everything-old-is-new-again
August 9th~ Rollup
🐚 Research and Ideation 💡
- Dephi Digital | API3: The State of OEV
- The Rollup: Chain Abstraction Market Map
- a16z: A New Financial Model for App Tokens: How to Generate Cash Flows
- knwang: Chain Abstraction (CA), Intents, and Intent Abstraction (IA)
- Tom Wan: Solana's Stablecoin Supply Increased by 156% YoY: Factors Behind it
- 2077 Research: EIP-7623 (Increase Calldata Cost)
- 2077 Research: The State Of Rollup Interoperability Solutions In 2024 (June 2024)
- Kyle: Sector Performance Watchlist (Open-Sourced)
- Uma: How Polymarket is Making Prediction Markets Mainstream
- Empire: Mastering the Psychology of Crypto Cycles
- Taran: We Receive 10M+ in Locked TIA Demand Every Week
- Empire: Are We Actually in a New Cycle
🐚 Project Updates 🔔
- MOTHER Perpetual Contract Now Live on Bybit
- Skate Introduces the First Stateless App Across 20+ Chains
- Helium: 2 Large US Carriers Have Initiated Tests to Offload Their Traffic Onto Helium Mobile Network
- Kelp DAO Introduces “Gain”
Taran: We Receive 10M+ in Locked TIA Demand Every Week
Sellers are very few, and most buyers are looking to buy to hedge their positions almost immediately.
> “It is a market-neutral strategy to return 25-100% by October”
Source: https://x.com/Taran_ss/status/1821902491208012166
Uma: How Polymarket is Making Prediction Markets Mainstream
Polymarket is enjoying a breakout year as traders increasingly look to prediction markets to bet on real-world events
> It has become a real-time sentiment tracker for major events like upcoming US presidential election
> UMA’s Optimistic Oracle is helping Polymarket’s mission to become a source of truth for the world
Source: https://blog.uma.xyz/articles/how-polymarket-is-making-prediction-markets-mainstream
2077 Research: The State Of Rollup Interoperability Solutions In 2024 (June 2024)
How to fix L2 fragmentation and save Ethereum's rollup-centric roadmap
> This piece describe several existing solutions, compare their advantages and drawbacks, and explain how we can achieve rollup interoperability even today.
Source: https://research.2077.xyz/research/some-steps-towards-interoperability/
2077 Research: EIP-7623 (Increase Calldata Cost)
EIP-7623 is a proposal aiming to increase calldata costs in Ethereum transactions.
> This detailed guide explores the motivations, impact on block size, and implications for data availability, ensuring efficient resource utilization while minimizing risks
Source: https://research.2077.xyz/research/eips-for-nerds-7-eip-7623/
Presto Research: Prediction Markets - The Next Big Thing?
Prediction markets offer novel investment and hedging opportunities by allowing users to bet on specific outcomes, acting as financial safety nets against various events that traditional products can’t cover.👇
Source: https://www.prestolabs.io/research/prediction-markets-the-next-big-thing
0xEvan: Economic Costs of Failed Transactions on Solana
> Pyth contract has a 26.5% tx failure rate (292,165 txs) across 1.1m transactions, resulting in 1.45 SOL in lost fees. The failure rate is cross referenced with Dune and solscan.
> Validators make ~3460 SOL per month from failed txs👇
Source: evandekim/economic-costs-of-failed-transactions-on-solana" rel="nofollow">https://paragraph.xyz/@evandekim/economic-costs-of-failed-transactions-on-solana
U.S. Banks Facing $517 Billion of Unrealized Losses
Source: https://x.com/WinfieldSmart/status/1822584228145471899
Nothing Research: Re-Restaking Tokenomics - Don’t Take Away the Community’s “Psychological Safety Net” (June 2024)
“Recent re-restaking projects that allocate only a small percentage of tokens to holders might be making a critical mistake”
Source: Nothing_Research/re-re-staking-tokenomics-dont-take-away-the-community-s-psychological-safety-net-1dd879132ec9" rel="nofollow">https://medium.com/@Nothing_Research/re-re-staking-tokenomics-dont-take-away-the-community-s-psychological-safety-net-1dd879132ec9
Uniswap Labs Made $30.3m in Revenue in Q2
Source: https://x.com/tokenterminal/status/1822718675146956920?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Weremeow: A Letter For WBTC Custodians (Old & New)
“It is crucial for WBTC, the entire defi ecosystem and for bitgo/bitg to immediately clarify a few things:”
> Who exactly is part of the multisig that holds the BTC?
> Will the BTC ever be used for any purpose?
> What’s the upside for either party, is it for TRON adoption of WBTC?
> How exactly does going multi jurisdiction help?
> Is it possible to get a very respected independent party to be in the multisigning group to act as both communication and signer?
Source: https://x.com/weremeow/status/1822345168869003411?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Worst Performers YTD Among Large Caps
> $MATIC : -56%
> $LDO : -60%
> $OP : -62%
> $ARB : -63%
> $DYDX : -65%
Source: Crypto Narratives
Pumpdotfun in the Last 24hrs
> 16,357 tokens launched.
> 175 made it to Raydium.
> 19 remain above the 69k market cap.
> From launch to profitable graduation that’s 0.12%
Source: https://x.com/adam_tehc/status/1822411899843047651?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Artemis Weekly Wrap-up (8/10/2024)
> Ripple Labs ordered to pay $125 million in settlement with the SEC
> Celsius sues Tether for $2.4 billion (Tether)
> SEC subpoenas three crypto VCs
> pumpdotfun making creating coins completely free
> DeFi remains resilient during major market downturn and volatility
> Factors at play that led to the crypto market’s nearly 20% selloff.
> Jupiter governance votes on major tokenomics change👇
Source: https://research.artemis.xyz/p/artemis-weekly-wrap-up-8102024
ASXN: Polymarket - An Election-Driven Success Story
A report on Polymarket discussing:
> The rise of betting culture and increased accessibility as a prelude to Polymarket's success
> How Polymarket captured market share through CT-native growth, also by offering users the ability to trade binary outcomes as continuous variables and offering markets for absurd outcomes, & more
Source: https://newsletter.asxn.xyz/p/polymarket-an-election-driven-success?r=aaog1&utm_medium=ios&triedRedirect=true
Empire: Are We Actually in a New Cycle W/ Pranav
Discussion:
> What is performing this cycle
> Potential hidden leverage
> Impact of U.S. presidential election
> Evolution of dApp token economics, and more
Source: https://open.spotify.com/episode/0AiR8iJJOGECxkcXHDEOuZ?si=_LIzGE3oS_C6Yl9A9Vf-Mw&context=spotify%3Ashow%3A4UTePv1CR3APdKOiosR3Iq&nd=1&dlsi=6c1497f6957a46e8
Empire: Mastering the Psychology of Crypto Cycles
Guest: David Kalk of Reflexive Capital & Jeff Park of Bitwise. They explore:
> Market reflexivity in crypto
> Managing psychological edge
> Liquid vs. venture approaches
> Outperforming in market cycles
Source: https://open.spotify.com/episode/6YwzhngGZZQkybLtShJaa9?si=T_2lQ6uWQh6rPEcXdFDA6g&nd=1&dlsi=989207dbe7f346b8
Sector Performance Watchlist (Open-Sourced)
Curated by Kyle, Powered by Artemis
https://docs.google.com/spreadsheets/d/1gv_OXNNfNy5VgperVOW2m-XsCH2qCqi5tYNypb3hYbk/edit?gid=0#gid=0
Source: https://x.com/0xkyle__/status/1821931638659428822
Kelp DAO Introduces “Gain” - Bringing Boosted Rewards from Multiple L2s
Launching on August 13
Source: https://x.com/KelpDAO/status/1820834677025919427
Two Large US Carriers Have Initiated Tests to Offload Their Traffic Onto Helium Mobile Network
Source: https://x.com/helium/status/1821968144422072814