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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
Joe Roegan Podcast: Interview with Peter Thiel
Thiel - entrepreneur & investor, co-founded PayPal
Discussion across:
> Technological stagnation
> Nuclear energy
> America’s Political Crossroads
> AI and the future
> Epstein scandal and philanthropy
> Demographic decline, and more
Source: https://www.youtube.com/watch?v=klRb0_BAX9g
Dub: Making the Trenches Fun Again
Launching on solana soon
With a degen team of serial founders, stanford, DeFi devs, and in partnership with top memecoin devs/CTO leaders, “Dub” is built to fix the broken memecoin game
Source: https://x.com/j0hnwang/status/1824442904280175104
August 17th~ Rollup
🐚 Research and Ideation 💡
- Chaos Labs: WBTC Risk Update
- Eli5DeFi: Top Research Accounts to Elevate Your Insights and Knowledge
- Hotpot_dao: Understanding the Difference Btw Ethereum, Solana, and MegaETH in 3 Pictures
Eli5DeFi: Top Research Accounts to Elevate Your Insights and Knowledge 100x!
> Four Pillars
> Presto Research
> Shoal Research 🐚
> Asxn
> Kairos Research
> Revelo Intel
> Decentralised co
> Pine Analytics
> M6 Labs
Source: https://x.com/eli5_defi/status/1824809574114963456?s=52&t=txFAbiSPTdLLDlAYj9X_AA
August 16th~ Rollup
🐚 Research and Ideation 💡
- Pavel Paramonov: Is Everything Really Moving Towards AppChains?
- Revelo Intel: $AAVE Leading the Expectations for an Upcoming DeFi Wave
- Franklin Templeton: Blockchain and AI - A Path to Transparency, Trust, and Decentralization
- S4mmyEth: Polymarket Bet as an NFT and Taking Out a Loan Against Your Position
- Coinbase Traders: Bitcoin Outperforming US Equities On a Risk-Adjusted Basis
- Sui: How to Get Started with Sui
- EigenPhi: The MEV Builder That Raked $3.5M on Black Monday
🐚 Project Updates 🔔
- MakerDAO Stops New WBTC-Backed Loans Following its BitGo Concerns
- Aave to Propose Onboarding TBTC in Response to Concerns About Latest WBTC Custodial Changes
- GammaSwap $GS TGE Set for August 30th
- Blockless: Empowering Neutral Network Applications
How to Get Started with Sui
Latest guide on how to get started on Sui:
> Set up a wallet
> Deposit assets via an on-ramp or bridge
> Explore the ecosystem!👇
Source: blog.sui.io/how-to-get-started-with-sui/?utm_source=twitter&utm_medium=organic&utm_campaign=education
Bitcoin Outperforming US Equities On a Risk-Adjusted Basis
This analysis shows BTC's performance exceeding both the S&P 500 & Nasdaq since the start of 2023
Source: https://x.com/coinbasetraders/status/1824495346355261769
Polymarket Bet as an NFT and Taking Out a Loan Against Your Position
Polymarket only enables you to trade positions on platform, but this could change if it leans into a "decentralized" model👇
Source: https://x.com/S4mmyEth/status/1824368305223651787
$AAVE Leading the Expectations for an Upcoming DeFi Wave
Great fundamentals + Umbrella update + new AAVEnomics = Just use AAVE
> Umbrella proposes a shift to a "seize and burn" model using aTokens
> One key component of the new AAVEnomics update is the Buy & Distribute program
> This program aims to create a sustainable reward system using Aave's excess revenue to purchase $AAVE tokens from the market and distribute them to stakers.👇
Source: https://x.com/ReveloIntel/status/1824418375440753103
Pavel Paramonov: Is Everything Really Moving Towards AppChains?
> Well, yes (there are some dapps that benefit from having their own chain more than staying on existing one)
> Well, no (there are other solutions suitable for dapp needs).
Source: https://x.com/paramonoww/status/1824430685295349912?s=46&t=2q9OLMlaobNlHLewOXT4uA
MakerDAO Stops New WBTC-Backed Loans Following its BitGo Concerns
MakerDAO contributors approved a proposal to halt new borrowing against BitGo’s wrapped bitcoin.
Source: https://www.theblock.co/post/311480/makerdao-stops-new-wbtc-backed-loans-following-its-bitgo-concerns
Lazyvillager1: Funding Rates and Why they Are Not what They Seem
Real funding on BTC and ETH today are closer to being 60%-70%
This funding discrepancy exists because of:
> The natural inclination for positive yield / contango where levered longs pay levered shorts
> The introduction of Ethana and presence of delta-neutral trades
> While the funding rate is lower and capacity is higher in the system, people can feel like they can go longer with more size
Source: https://x.com/lazyvillager1/status/1813445475002933665
Stanford ECON295/CS323 I 2024: The Age of AI, Eric Schmidt [Reupload]
“In the next year, you're going to see very large context windows, agents, and text action. When they are delivered at scale, it's going to have an impact on the world that no one understands yet, much bigger than the horrific impact we've had by social media, in my view. So, here's why...."
Source: https://x.com/quasa0/status/1823933017217482883?s=52&t=txFAbiSPTdLLDlAYj9X_AA
EigenLayer: Community Update on What Happened, Why it happened, and Steps Taken
“We have no knowledge or evidence of any employee at Eigen Labs pressuring any team to unduly benefit the Eigen Labs corporate entity or its employees.”
Source: https://x.com/eigenlayer/status/1824175022308724749
Ryan Yi: Experience with a Targeted Crypto Account Takeover & SIM Swap Attack
reminding folks to stay on top of their OpSec
“Do not attach any mobile number or related 2FA apps as they can be breached for Coinbase or related emails. Opt for Yubikey 2FA”👇
Source: https://x.com/yiryan/status/1824133957908304179
MegaETH Team Announced they’ve Lost Access to their X Account
please do not engage with the account until further notice
Source: https://x.com/namikmuduroglu/status/1825224039373361294?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Pump Fun Trading: Reality Check for Everyone Grinding in the Trenches
> If you’ve made over $1M trading Pump Fun tokens, you’re a top 70 trader (0.0028% of all wallets).
> If you’ve made over $100K, you’re in the top 924 (0.037% of all wallets).
> If you’ve made over $10k, you're in the top 11,936 (0.477% of all wallets).
> If you’ve made over $1k, you’re in the top 76,587 (3.061% of all wallets).
Leaderboard: dune.com/adam_tehc/pump-fun-alpha-wallets
Source: https://x.com/adam_tehc/status/1824994679265349802?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Understanding the Difference Between Ethereum, Solana, and MegaETH in 3 Pictures
> Solana - a fatty rabbit, gets lot done but cant run around
> Ethereum is a skinny rabbit, agile but cant chew much at one time
> MegaETH tries to have it all with four rabbits
Source: https://x.com/hotpot_dao/status/1824861158358319456
Chaos Labs: WBTC Risk Update
Recap of what has happened so far:
> BitGo announced an initial WBTC custody setup, and then clarified a new one after industry concern
> MakerDAO halts new borrowing against WBTC
> Coinbase announced cbBTC –WBTC competitor
> This piece dive deep into what's happening, why it matters, and the potential risks involved👇
Source: https://x.com/chaos_labs/status/1824857131033546977
EigenPhi: The MEV Builder That Raked $3.5M on Black Monday
During Black Monday, the biggest winner among builders is beaverbuild, but the builder who ranked the 2nd regarding builder rewards is the builder labeled ‘MEV Builder 0x3b’, took 1,448ETH ($3.5M)
> This piece discuss how it made this much during the turmoil of the market? 👇
Source: https://eigenphi.substack.com/p/the-mev-builder-that-raked-35m-on?utm_source=substack&publication_id=760666&post_id=147759576&utm_medium=email&utm_content=share&utm_campaign=email-share&triggerShare=true&isFreemail=true&r=aaog1&triedRedirect=true
Blockless: Empowering Neutral Network Applications
Blockless is a modular, neutral network designed to power applications through user participation.
> It also aims to provide applications with unlimited resources, enabling the creation of complex applications that are currently not feasible on the blockchain.
Source: https://x.com/0xSenseiWu/status/1824491704142929980
GammaSwap $GS TGE Set for August 30th
> The total supply for GS tokens is 1.6B
> Airdrop (2%) — Airdrop to point holders in GS.
> LBP planned for Aug 30th, airdrop follows after
> The vest period has been reduced to 30 days for escrowed GS when it launches👇
Source: https://x.com/GammaSwapLabs/status/1824479820224319825
Franklin Templeton: Blockchain and AI - A Path to Transparency, Trust, and Decentralization
Blockchain technology addresses many of the challenges Al faces, particularly those related to transparency and trust.
> Using cryptographic methods, blockchain ensures the accuracy and immutability of recorded transactions.
> When integrated with Al, blockchain can track and authenticate the sources of information used by Al systems👇
Source: https://x.com/FTI_DA/status/1824480252879360307
Aave to Propose Onboarding TBTC in Response to Concerns About Latest WBTC Custodial Changes
TBTC is an alternative tokenized version of BTC
Source: https://x.com/laurashin/status/1824221847547682921?s=52&t=txFAbiSPTdLLDlAYj9X_AA
August 15th~ Rollup
🐚 Research and Ideation 💡
- Four Pillars | Opinion: The Reason Why LPs Lose More Money Than You Think
- ZachXbt: How North Korean IT Workers Exploited Fake Identities to Steal $1.3M in Treasury Funds
- Pink Brains: Top Liquid Restaking Protocols Primed for Rewards and Airdrops
- Ryan Yi: Experience with a Targeted Crypto Account Takeover & SIM Swap Attack
- EigenLayer: Community Update Addressing Coindesk Report on Eigen Labs
- CowSwap: Batch Auctions vs. Dutch Auctions in Crypto
- Stanford ECON295/CS323 I 2024: The Age of AI, Eric Schmidt [Reupload]
- 0xngmi: Tracking Dexscreener Fees on Defillama
- Lazyvillager1: Funding Rates and Why they Are Not what They Seem
- Lazyvillager1: Follow-up Around Concerns on Structural Integrity Supporting $USDE (Ethena Labs)
🐚 Project Updates 🔔
- Binance Labs Invests in MyShell Through Binance Labs Incubation Season 6
- Toliman: First Public SUAVE Testnet
- Allora x Oraichain: Advancing Accessible and Reliable ML for Real-World Impact
Lazyvillager1: Follow-up Around Concerns on Structural Integrity Supporting $USDE (Ethena Labs)
> The structural fears around $USDE are overblown and misunderstood.
> The platform is well-collateralized, and existential risk is near-zero due to prudent mgt of short positions
> Negative funding rates may even present upside potential, as a forced unwinding could inflate pricing rather than trigger a cascade.
> The original depositor does not have to sell the spot collateral once re-distributed from protocol
Source: https://x.com/lazyvillager1/status/1824256084430791060
0xngmi: Tracking Dexscreener Fees on Defillama
They're making 150-250k/day by charging 300$ per token to add information like tg link and picture
https://defillama.com/fees/dex-screener
Source: https://x.com/0xngmi/status/1824185697084801309
CowSwap: Batch Auctions vs. Dutch Auctions in Crypto
While Dutch auctions rely on a price-decay bidding process, batch auctions encourage solvers to find the best execution route for each trade
> This piece examine the shortcomings of AMM, and also compare and contrast two popular auction solutions— Dutch auctions and batch auctions.
Source: https://cow.fi/learn/batch-auctions-vs-dutch-auctions-in-crypto
Coindesk: Eigen Labs Drove Other Projects' Airdrops to Its Employees
Coindesk reported Eigen Labs circulated a list of its employees' wallet addresses to ecosystem projects that were preparing to airdrop tokens.
Source: https://x.com/CoinDesk/status/1824067033350258815
Allora x Oraichain: Advancing Accessible and Reliable ML for Real-World Impact
This collaboration aims to develop and enhance specialized AI models to meet real business needs, backed by a $200K Request for Model Program
Source: https://blog.orai.io/allora-x-oraichain-advancing-accessible-and-reliable-ml-for-real-world-impact-fbcbee5ebb59