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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
Grayscale Introduces New Single-Asset Fund for MakerDAO's MKR Token
Grayscale has introduced a new fund called the Grayscale MakerDAO Trust, which invests in the governance token of MakerDAO (MKR).
> Available to eligible accredited investors.
Source: https://x.com/Grayscale/status/1823344304456429827
Haseeb: Hard Thing About Learning Hard Things
The best learners explore, take risks, look stupid, and insist on leaving no rocks unturned:
> Choose to look stupid
> Ask the third question
> Immerse yourself
> Double down on your strengths
> Find excuses to teach
Source: https://x.com/hosseeb/status/1823088301269467432?s=52&t=txFAbiSPTdLLDlAYj9X_AA
August 2024 is Set to Release Nearly $1.5b Worth of Tokens Across Various Projects
The most significant unlocks involve team members, advisors, strategic partners, and community development funds…add to watchlist
Source: Alpha
BlackRock's Crypto Play: What You Need to Know
Findings across:
> Digital Assets (Asset Class)
> Bitcoin (Asset)
> Blockchain (Technology)
Source: https://x.com/tokenterminal/status/1822941736475267231?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Alliance: Minimum Viable Product | Season 1 Ep2
Addressing two key areas:
> Showcasing that crypto is real with genuine founders building in the space
> Educating people outside of the crypto about the types of products available for consumer use
Source: https://x.com/alliancedao/status/1823004262541979723
deBridge Foundation and the DBR Checker
The Foundation has introduced the DBR checker, giving community members an early look at DBR tokens generated from Season 1 deBridge Points activity
> DBR total supply: 10 billion
> Initial circ supply: 1.8 billion
Source: https://x.com/deBridgeFdn/status/1822969303509172470
Safary: The State of Web3 Growth 2024
> $1B+ has been raised by 101 web3 growth & social startups
> $277M in new funding across 23 startups since this time last year
> This is a deep dive into the $1B ecosystem shaping the future of digital media👇
Source: https://blog.safary.club/p/the-state-of-web3-growth-2024
AAliance: The state of Account Abstraction
The Account Abstraction market grows drastically every month. In July, user Op calls increased by over 300%👇
Source: https://mirror.xyz/0x728924C28cDCDFA5a083b0Fc17F052266D085537/j2Po4tAmola0MrDWYyPCXAGxb7UPkbf3HiiDiuQZTqI
Addressing wBTC <> Aave Concerns
Source: https://x.com/lemiscate/status/1823057040811442386?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Polymarket’s Open Interest Falls Off a Cliff
Suffered its largest single-day drawdown in open interest last week, losing $20.9m
Source: https://www.theblock.co/post/310762/polymarkets-open-interest-falls-off-a-cliff?utm_source=rss&utm_medium=rss
RareBetSports: A Sports Ecosystem Fueled by Monad
RareBetSports aims to build the largest on-chain community, bridging adoption through consumer-friendly and culturally relevant applications.
Source: https://x.com/RareBetSports/status/1822997283518214377
European Commissioner Threatens Elon Musk About his Donald Trump Interview Tonight
demands he censor Trump during their interview
Source: https://x.com/RadarHits/status/1823053512739098874
Polymarket Partners with Perplexity to Show News Summaries
When users click on an event on Polymarket, they will now see a summary of news related to the event based on search results from Perplexity
Source: https://x.com/perplexity_ai/status/1823029449534615705
EigenLayer Introduces AVS Rewards
This update grants AVSs ability to reward stakers and operators for their past, present, and future support.
Source: https://x.com/eigenlayer/status/1823014261854978347?s=
Symbiotic Launches Devnet, Plans Mainnet in Q3
Any builder/network can now test the integration of restaking into their stack with Symbiotic’s shared security sandbox environment
Source: https://x.com/symbioticfi/status/1822991063197618185
August 12th~ Rollup
🐚 Research and Ideation 💡
- Mikey0x_: Overview of the Prediction Markets
- Coinbase Traders: Current Bitcoin Cycle Closely Resembles the 2018-2022 Cycle
- Polymarket: Five X-Factors That Could Upend the Election
- Equilibrium: Do All Roads Lead To MPC?
- Lemiscate: Addressing wBTC <> Aave Concerns
- AAliance: The state of Account Abstraction
- Bedlam Research: Wtf is Settlement
- Safary: The State of Web3 Growth 2024
- 0xCheeezzyyyy: Exploring the Liquid Restaking Landscape on Artemis
- Alliance: Minimum Viable Product | Season 1 Ep2
- Arthur Hayes Discuss How Yellen will Soak the Markets with $300bn to $1.05tn in New Article
- Token Terminal: BlackRock's Crypto Play: What You Need to Know
- Alpha: Entities Receiving Token Unlocks
- Alpha: August 2024 is Set to Release Nearly $1.5b Worth of Tokens Across Various Projects
- ON-259: AI - Coverage on Bittensor, Covalent, and Botto
- Haseeb: The Hard Thing About Learning Hard Things
🐚 News 📕
- Donald Trump Officially Returns to X
- European Commissioner Threatens Elon Musk About his Donald Trump Interview
🐚 Project Updates 🔔
- Symbiotic Launches Devnet, Plans Mainnet in Q3
- EigenLayer Introduces AVS Rewards
- Polymarket Partners with Perplexity to Show News Summaries
- RareBetSports: A Sports Ecosystem Fueled by Monad
- Polymarket’s Open Interest Falls Off a Cliff
- Coinbase’s LRDS-USD and SD-USD Trading Pairs Are Now in Full-Trading Mode
- Coinbase Will Add Support for Gravity ($G) on the Ethereum Network
- deBridge Foundation and the DBR Checker
🐚 Raises 💰
- Ion Protocol Has Announced a Total Fundraise of $7M to Support the Development of ‘Nucleus’
ON-259: AI - Coverage on Bittensor, Covalent, and Botto
> TAO's market cap dips $1B from its all-time high
> Covalent has 848.12M CXT tokens unlocked, roughly $5.67M
> Botto distributes 23% of sales revenue to art-engine contributors
Source: https://www.ournetwork.xyz/p/on-259-ai
The most common entities receiving token unlocks were team members and advisors, early investors, and community development funds.
Source: Alpha
Arthur Hayes: Water, Water, Every Where
This essay discussed how US Treasury Secretary Yellen, will soak the markets with $300bn to $1.05tn btw now and year end.
Source: https://cryptohayes.substack.com/p/water-water-every-where?r=aaog1&utm_campaign=post&utm_medium=email&triedRedirect=true
0xCheeezzyyyy: Exploring the Liquid Restaking Landscape on Artemis
Takeaways:
> EtherFi has been consistently growing it's dominance YTD, standing at ~50%
> Renzo not only lost >50% of restaked TVL, but ~60% of its market share since its ATH dominance
> Swell stands at 3.59% market dominance, as it struggles to grow since it's LRT inception
> KelpDAO’s TVL remains fairly stagnant at 250k ETH even with withdrawals enabled in May 2024 (~260k)
> Eigenpie market dominance stands fairly decent at ~12.09%.👇
Source: https://x.com/0xCheeezzyyyy/status/1822979935545499815
Coinbase Will Add Support for Gravity ($G) on the Ethereum Network (ERC-20 token)
Source: https://x.com/CoinbaseAssets/status/1823024412783730701
Bedlam Research: Wtf is Settlement
“Settlement is multi-level; whether a specific “level of settlement” is sufficient depends completely upon the asset holder’s perspective”
> This piece try to figure out what people mean when they refer to "settlement"
Source: https://www.bedlamresear.ch/posts/settlement/
Coinbase’s LRDS-USD and SD-USD Trading Pairs Are Now in Full-Trading Mode on Coinbase Exchchange and Advanced Trade
Source: https://x.com/coinbaseexch/status/1823029558980825251?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Equilibrium: Do All Roads Lead To MPC?
This piece explore the end game of programmable privacy infrastructure and argues that all paths ultimately fall back to the trust guarantees of MPC
Source: https://x.com/equilibrium_co/status/1822951341024575542
Five X-Factors That Could Upend the Election
> Rogan & RFK put Texas in Play
> Trump in Jail
> War
> Recession
> More Candidate Swaps
Source: https://news.polymarket.com/p/five-x-factors-that-could-upend-the
Current Bitcoin Cycle Closely Resembles the 2018-2022 Cycle
Where BTC hit a high up 2,000% from the cycle low
Source: https://x.com/coinbasetraders/status/1823014576763371725
Mikey0x_: Overview of the Prediction Markets
A quick summary on:
> Prediction market categories
> Their GTM strategies
> Product updates, some numbers
> Mechanism explanations
> Where we are headed
Source: https://x.com/mikey0x_/status/1823025965598969876?s=46&t=txFAbiSPTdLLDlAYj9X_AA
Donald Trump Officially Returns to X
Source: https://x.com/realdonaldtrump/status/1823016427680358790
Ion Protocol Has Announced a Total Fundraise of $7M to Support the Development of ‘Nucleus’
Nucleus is a platform built on top of Ion Protocol to bring native yield to different rollups & app-chains
Source: https://x.com/ionprotocol/status/1823001295298453686
August 11th~ Rollup
🐚 Research and Ideation 💡
- Adam_Tehc: Only 0.12% of Tokens Thrives in Pumpdotfun Trenches
- a16z: How to Avoid Predatory Deals
- Crypto Narratives: Worst Performers YTD Among Large Caps
- Helius: A Short Introduction to DePIN
- Weremeow: A Letter For WBTC Custodians (Old & New)
- Abhiii53: Overview of Hyperliquid EVM or HyperEVM
- Nothing Research: Re-Restaking Tokenomics
- Takens Theorem: Some L2 Data Trends Post-Dencun
- Andrew Kang: Some Interesting Developments Upcoming for $SUI
- 0xEvan: Economic Costs of Failed Transactions on Solana
🐚 News 📕
- U.S. Banks Facing $517 Billion of Unrealized Losses
🐚 Project Updates 🔔
- Uniswap Labs Made $30.3m in Revenue in Q2
- Maker is Planning to Offboard WBTC Due to the Change in Custody from Bitgo
- Binance Will Delist CVP, EPX, FOR, LOOM, REEF and VGX