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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
Andre Cronje: Why Defi?
“Defi doesn’t care, Defi doesn’t judge. Everyone is treated the same based on the rules of the system, and the rules are public and transparent for everyone to see”.
Source: https://andrecronje.medium.com/why-defi-14e961620ef9
OpenSea Receives Wells Notice From SEC: CEO
The SEC threatened to sue them because they believe NFTs on their platform are securities.
Source: https://x.com/dfinzer/status/1828791832009953706
🚨 Pavel Durov Released from Police Custody and Taken to Court
Source: Cointelegraph
TON Blockchain was Down for Over 6hrs
This halted block production and prompting Binance and Bybit to suspend transactions.
Source: https://www.theblock.co/post/313367/ton-blockchain-now-down-six-hours
Arthur Hayes New Essay “Sugar High”
Why JAYPOW's rate hike will not be enough ... but he will bring the real food in due time.
> The price of money is like the Snickers bars you consume to get a quick glucose boost.
> The quantity of money is like the slow, long, burning “real food.”
> The US economy is not hungry for rate cuts, but Powell will provide the sugar high anyway.
> Powell and Yellen will provide “real food” in some form of Fed balance sheet expansion very shortly to counter the effects of a strengthening yen.
Source: https://cryptohayes.substack.com/p/sugar-high
EigenLayer Introduces Permissionless Token Support
This feature will enable any ERC-20 token to be permissionlessly added as a restakable asset
Source: https://x.com/eigenlayer/status/1828083092591980698?s=52&t=txFAbiSPTdLLDlAYj9X_AA
MonadWhisper: Exploring Parallelization in Non-EVM Blockchains
Parallel transactions are transactions that are processed simultaneously provided they don’t touch the same state (they are independent)
> This piece explore the parallel execution in non-evm chains like: Solana, Sui, Aptos, and Fuel
> For Solana, it utilizes the deterministic parallel execution model where transactions’ dependencies are first determined before execution👇
Source: monadwhisper/exploring-parallelization-in-non-evm-blockchains-85b2be300e45" rel="nofollow">https://medium.com/@monadwhisper/exploring-parallelization-in-non-evm-blockchains-85b2be300e45
Decentralised Co: Abstracting Chains - Fixing Crypto UX
Chain abstraction aims to remove complexities and reduce the number of steps required for users to carry out their desired actions on-chain, turning workflows that currently require multiple steps into single transactions
This piece covers:
> The current state of crypto UX
> Driving forces behind building a chain
> Why we'll continue to see more of them
> Chain abstraction and how it works
> Modular order flow auctions
> Impact CA could have on the industry
Source: https://www.decentralised.co/p/abstracting-chains?r=aaog1&utm_medium=ios&triedRedirect=true
Talus Network: Pioneering the AI Agent Revolution in the Web3 Era
As AI's influence grows, a crucial question rises: Who will control the AI agents that increasingly shape our world?
> Talus is pioneering decentralized AI agents that operate autonomously on a high-performance blockchain, creating real value for individuals, businesses, and communities, not just big corporations👇
Source: https://x.com/TalusNetwork/status/1826605291066327437
Why did PayPal Choose to Build on Solana and What’s Driving PYUSD Adoption?
PayPal chose to expand PYUSD to Solana for its near-instant settlement and finality, sub-cent median tx fees & ecosystem of 2,500+ developers
> Another important reason for chosen solana is due to solana's unique token extensions feature
Source: https://x.com/solana/status/1828175011590664412?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Bo Du: Rollups Are the Final Frontier of Scaling
This post dive into the design space that the MegaETH team is actively exploring, where rollups represent the final frontier of blockchain scaling
Source: https://x.com/0xshake/status/1828085243544232339?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Bankless: Why is ETH Down So Bad this Cycle?
Guest: Kyle Samani - Managing Partner and Co-founder at Multicoin Capital
SOL/ETH is up 300% YoY, and ETH/BTC is down 50% over the last 2 years
> Kyle gave his perspective & reasoning as to why ETH has been down so bad in this crypto cycle
x.com/BanklessHQ/status/1828047305573830907
Source: https://podcasts.apple.com/us/podcast/why-is-eth-down-so-bad-this-cycle-kyle-samani/id1499409058?i=1000666638758
2077 Research: Block-STM vs. Sealevel - A Comparison of Parallel Execution Engines
This paper explores two major paradigms for scaling execution, focusing on their leading implementations:
> Optimistic Concurrency Control (Block-STM)
> Pessimistic Concurrency Control (Sealevel)
> Aptos’ Block-STM uses OCC, while Solana’s Sealevel uses the Pessimistic Concurrency Control
> The paper provides a detailed performance comparisons and a clearer understanding of the future of VM architectures, and xVM from TPUs
https://research.2077.xyz/block-stm-vs-sealevel-1
Source: https://x.com/2077Research/status/1828101025724793326
Hack VC: The Future of Privacy Tech in Blockchain
Just as early internet needed encryption to protect user data, blockchains need privacy to fully reach their potential. Privacy is not just about individual protection, it is key for enterprise adoption and compliance too👇
Source: https://blog.hack.vc/the-future-of-privacy-tech-in-blockchain/
Memecoin Millionaire Strategy? What to Keep in Mind:
> Most top PNL addresses are token deployers
> Only 3% of all Pump fun traders earned $1K+
> 0.8% have made over $10K
> More than 60% lost money
Source: https://x.com/stacy_muur/status/1827989754081652894
Vitalik on What the Goals of an Airdrop Should Be
> Distribute to community members [and not randos who will all immediately sell]
> Reward contributions to the project
> Be reasonably egalitarian [but some disparity is ok]
> Resist extractive/adversarial farming
> Giving tokens away for free is not the only "form factor" for this: you can also do discounted sales.
Source: https://x.com/vitalikbuterin/status/1828727585204842867?s=52&t=txFAbiSPTdLLDlAYj9X_AA
August 27th~ Rollup
🐚 Research and Ideation 💡
- Decentralised Co: Abstracting Chains - Fixing Crypto UX
- MonadWhisper: Exploring Parallelization in Non-EVM Blockchains
- Mark Ermolov: Intel SGX Root Provisioning Key Compromised
- The Quant Stack: Market Making For Dummies [CODE INSIDE]
- Arthur Hayes: Sugar High
- James Hanley: Understanding Solana ID
🐚 Project Updates 🔔
- MakerDAO Rebrands to 'Sky’, Launches New USDS Stablecoin and SKY Governance Token
- EigenLayer Introduces Permissionless Token Support
James Hanley: Understanding Solana ID
Solana ID is tackling current web-2 advertising model by: (i) Giving users back the keys to their data and (ii) Helping teams better identify high-value users to attract and retain
This whiteboard covers and explain:
> The current-state web2 ad model
> Challenges currently faced by crypto founders
> How Solana ID benefits both builders and users
Source: https://x.com/jamesleyhanley/status/1828435907562873295?s=46&t=2q9OLMlaobNlHLewOXT4uA
TON Blockchain Currently Experiencing a Disruption in Block Production
Several validators are unable to clean the database of old transactions, which led to losing the consensus
> TON Core has issued a call to validators to restart at 4am UTC today.
> If enough validators will restart, consensus will be reestablished.
Source: https://x.com/ton_blockchain/status/1828644569669607839?s=46&t=2q9OLMlaobNlHLewOXT4uA
The Quant Stack: Market Making For Dummies [CODE INSIDE]
Everything to know about market making and how to do it with priority to: Edge, Spreads, and Risk
Source: https://www.algos.org/p/market-making-for-dummies-code-inside
Intel SGX Root Provisioning Key Compromised
The FK1 or Root Sealing Key representing Root of Trust for SGX also compromised
Source: https://x.com/_markel___/status/1828112469010596347
MakerDAO Rebrands to 'Sky’, Launches New USDS Stablecoin and SKY Governance Token
The new USDS stablecoin and SKY governance token will be available on Sept. 18 with a new DeFi application to interact with the protocol
> DAI and MKR will stay in circulation unchanged, with the new tokens existing in parallel.
> Token holders will be able to exchange DAI tokens 1:1 for USDS, while each MKR token can be swapped for 28,000 SKY tokens.
Source: www.coindesk.com/business/2024/08/27/makerdao-is-now-sky-as-7b-crypto-lender-rolls-out-new-stablecoin-governance-token/
August 26th~ Rollup
🐚 Research and Ideation 💡
- StaniKulechov: DeFi will be the Backbone of ALL Finance
- Coin98 Analytics: User Stats on Top DEXs Over the Last 30 Days
- Grayscale: AI Is Coming — Crypto Can Help Make It Right
- Stacy Muur: Memecoin Millionaire Strategy? What to Keep in Mind
- 0xLouisT: VCs Hedging—One of Crypto's Biggest Urban Legends
- Hack VC: The Future of Privacy Tech in Blockchain
- 2077 Research: Block-STM vs. Sealevel - A Comparison of Parallel Execution Engines
- Dephi Digital: Solana the Modular
- Bankless: Why is ETH Down So Bad this Cycle?
- Bo Du: Rollups Are the Final Frontier of Scaling
- Solana: Why PayPal Choose to Build on Solana and What’s Driving PYUSD Adoption?
- Cryptonews: How AI Agents Are Transforming The Web3 Sector
- Talus Network: Pioneering the AI Agent Revolution in the Web3 Era
🐚 News 📕
- Update on Durov: The Charges Against Pavel Durov Has Been Published
🐚 Project Updates 🔔
- DOGS Trading Now Live on All Major Exchanges!
- Nucleus: Enabling Yield by Default for Networks
- Balancer is Going Superchain
🐚 Raises 💰
- Sorella Labs Raises $7.5M Seed Round Led by Paradigm
Cryptonews: How AI Agents Are Transforming The Web3 Sector
Recent market insights show that the intersection of AI and blockchain technology is expected to be worth over $2.7 billion by 2031.
> Web3 platforms are also set to integrate AI agents for fairer compensation & decentralization.
> Filecoin Foundation – the organization behind the decentralized data storage network Filecoin – will be using AI agents, developed by Theoriq AI
Source: https://x.com/theoriqai/status/1828182733631443279?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Balancer is Going Superchain
With deployments on Mode and Fraxtal, Balancer is strategically expanding into the Optimism Superchain ecosystem.
> This marks a collaborative journey with Fraxtal, Mode, Aura and the entire Superchain ecosystem.
Source: https://x.com/balancer/status/1828099588127154294?s=52&t=txFAbiSPTdLLDlAYj9X_AA
The Charges Against Pavel Durov
> Complicity - Administration of an online platform to allow an illegal transaction in an organised band
> Complicity - Detention of the image of a minor of a child-pornographic nature
> Provision of cryptology services to ensure confidentiality functions without a declaration of conformity,
> Complicity - Dissemination, offer or making available in an organised tape of images of a minor of a pornographic nature👇
Source: x.com/fs0c131y/status/1828103712964817389?t=LPZEhP39Q1yin9aek2rAlQ&s=19
Dephi Digital: Solana the Modular
Comparing the SVM with EVM
> This report explore how Solana is contributing to the growing landscape of modular blockchain components, while also developing its internal demand for these solutions through the creation of L2 solutions.
Source: https://x.com/delphi_digital/status/1828096649303920818?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Sorella Labs Raises $7.5M Seed Round Led by Paradigm
Sorella is building next gen of on-chain markets
Source: https://x.com/SorellaLabs/status/1828145940357882087
0xLouisT: VCs Hedging—One of Crypto's Biggest Urban Legends
“I estimate that roughly 95% of VC money can't or doesn't hedge”
> While the idea of VCs hedging their locked positions is a cute narrative, the reality is that most can't and don't for several reasons: Mandate, Knowledge, and Capacity 👇
Source: https://x.com/0xlouist/status/1827953646304121228?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Grayscale: AI Is Coming — Crypto Can Help Make It Right
As AI technology become increasingly powerful, the AI industry has become extremely centralized, concentrating power in the hands of a few companies to the potential detriment of society
> This piece explore explore the issues caused by centralization and how decentralized AI can help solve some of its ills
> The market map highlights examples of protocols that help drive innovation, compute marketplaces, and potential solutions for AI-related challenges.
x.com/Grayscale/status/1828070030426439964
Source: https://www.grayscale.com/research/reports/ai-is-coming-crypto-can-help-make-it-right