-
Decentralized Capital Markets Research & Articles: www.shoal.gg Twitter: https://twitter.com/Shoalresearch TG link: https://t.me/shoalresearch Website: Shoalresearch.xyz
August 28th~ Rollup
🐚 Research and Ideation 💡
- Vitalik on What the Goals of an Airdrop Should Be
- Andre Cronje: Why Defi?
- Anand iyer: Use of Crypto in AI Applications
- Jeffrey Hu: Decoding Bitcoin MEV - Insights and Implications
- Mert on TON Blockchain’s Downtime
- Brian Quintenz Reflect on Opensea Receiving a Wells Notice
- =nill; foundation: Sharding as Parallelism
- Nebra: Cryptography Techniques Explained - ZK, FHE, MPC, TEE
- Teller Protocol: How to Use Time-Based Loans to Improve the Health of Leveraged Trades
- YieldNestRisk: Current State of Symbiotic
- Delphi Digital: The AI x Crypto Stack
- 0xmaxg: The Prospect for Bittensor and Open Source AI
- Cognitive Revolution Podcast: Balaji Srinivasan on Decentralized AI (Dec,2023)
- Vitalik: Ethereum Foundation’s Spending Breakdown
- Marvin Tong: Intel SGX Breach? A Defense of TEE FUD
- Paradigm | Brendan Malone: Looking Back / Looking Forward
- Ethresearch: Does multi-block MEV exist? Analysis of 2 years of MEV Data
- Conor McMenamin: Why you are Seeing Less Multi-Block Builder Sequences Than Expected
🐚 News 📕
- Pavel Durov Released from Police Custody and Taken to Court
- OpenSea Receives Wells Notice From SEC: CEO
🐚 Project Updates 🔔
- TON Blockchain Experienced Disruption in Block Production
- Bubbly Finance Opens Trading for Hyperliquid
- Renzo Expands REZ Governance Token to Solana via Wormhole
- Ekubo: Starknet’s Golden Child
Trump Just Posted “World Liberty”, A New DeFi Project on His X
Source: https://x.com/realdonaldtrump/status/1829141447087648796?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Ekubo: Starknet’s Golden Child
Ekubo is a Starknet-native AMM with similar design philosophy to Uniswap v4. It features extensions (analogous to hooks) and a singleton design
> Ekubo wholly embodies a no-frills, grassroots DAO while sitting on the cutting edge of AMM tech
Source: https://x.com/yeak__/status/1828904368755880227?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Paradigm | Brendan Malone: Looking Back / Looking Forward
Personal, apolitical reflection on why blockchains are the future of financial services, and just about everything else.
Source: https://policy.paradigm.xyz/writing/looking-forward
Nascent: Crypto’s AirTag Moment - Unlocking Mass Adoption with Web Proofs
Crypto is on the cusp of its own AirTag moment, thanks to emerging tech called zkTLS/Web Proofs
> Web Proofs enable verifiable onchain data from any web2 source, thereby expanding the reach of crypto incentives beyond the current user base, opening door to a much larger, diverse audience
> This piece explore how zkTLS will revolutionize airdrops, incentives, and marketplaces👇
Source: https://www.nascent.xyz/idea/cryptos-airtag-moment
Renzo Expands REZ Governance Token to Solana via Wormhole
REZ’s initial liquidity will be provided on Solana’s major automated market makers.
Source: https://www.theblock.co/post/313192/renzo-rez-solana?utm_source=rss&utm_medium=rss
0xmaxg: The Prospect for Bittensor and Open Source AI
> The Bittensor network leverages a decentralized AI model training environment, promoting collaboration, efficiency, and compounding knowledge, which could attract top talent and enhance model quality
> This ecosystem's growth, supported by economic incentives through the $TAO token, hinges on increased usage, adoption, and alignment with token value👇
Source: https://x.com/0xmaxg/status/1828160664046620889?s=52&t=txFAbiSPTdLLDlAYj9X_AA
YieldNestRisk: Current State of Symbiotic
Symbiotic’s permissionless & modular architecture positions it as a strong contender in the restaking marketplace.
> While still in early development, its focus on interoperability, flexibility, and multi-asset support offers significant potential.
> Symbiotic, currently only on Eth mainnet, has a TVL of $1.25B compared to EigenLayer’s $15.5B.
> Since June 2024, Symbiotic has surpassed $1B in TVL, with significant contributions from stETH and non-ETH collateral types👇
Source: https://www.llamarisk.com/research/current-state-of-symbiotic
Cryptography Techniques Explained - ZK, FHE, MPC, TEE
Source: https://x.com/nebrazkp/status/1828168119447322968
Brian Quintenz: Opensea Receiving a Wells Notice Shows the Current SEC’s Crusade Against the Crypto Industry Continues Unabated.
This contradicts what Vice President Harris said 2 weeks ago announcing her economic agenda:
Source: https://x.com/brianquintenz/status/1828801329214677232?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Mert on TON Blockchain’s Downtime
“Downtime happens, but what's unacceptable is that there are no official comms”
Source: https://x.com/0xmert_/status/1828640927180804100?s=52&t=GnDiMqAKcYw7qbTFH1nrUw
Anand iyer: Use of Crypto in AI Applications
> Coordinating distributed training
> Decentralized inference
> Data & privacy preservation in an ML context
> Gathering, labeling, curation of (synthetic) data
> Model + data attribution & provenance
> Coordination and payments of agent-agent, agent-human interactions
> Verifying humanity and AI generated content
Source: https://x.com/ai/status/1828428385288331401?s=46&t=ywALktyM5ZCyt-zigN5Big
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
Trump Launches DeFi Account and Telegram Channel
Source: /channel/defiant1s
Conor McMenamin: Why you are Seeing Less Multi-Block Builder Sequences Than Expected
> The reason is private orderflow.
> It’s related to the same reason we see non-0 MEV-Boost bids at the start of a slot.
> Only the winner drains their “orderflow pot” at the end of a slot, giving other builders who still have private orders to execute, a clear advantage in the next slot.
Source: https://x.com/conormcmenamin9/status/1828780158914097575?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Ethresearch: Does multi-block MEV exist? Analysis of 2 years of MEV Data
This research looked at proposer-builder data and MEV-Boost payment data since the merge (September 2022) to identify patterns of multi-block MEV.
> They observe fewer multi-slot sequences of builders than a random Monte Carlo simulation would predict. The longest observed multi-slot sequence is 25 slots.
Source: https://ethresear.ch/t/does-multi-block-mev-exist-analysis-of-2-years-of-mev-data/20345
Intel SGX Breach? A Defense of TEE FUD
The Intel SGX breach is a reminder that no system is immune to flaws, but it doesn’t break the TEE security model.
> Instead, it highlights the need for robust implementation and ongoing security research.
Source: https://x.com/marvin_tong/status/1828258935398342767?t=lCpOG8K8QvaCoHPESsfTwQ&s=19
Ethereum Foundation’s Spending Breakdown
Source: https://x.com/vitalikbuterin/status/1828418027034972507?s=46&t=2q9OLMlaobNlHLewOXT4uA
Balaji Srinivasan on Polytheistic AI, Human-AI Symbiosis & Prospects for AI Control (Dec, 2023)
Cognitive Revolution Podcast
Balaji - Former CTO at Coinbase and GP at a16z
https://www.youtube.com/watch?v=-9ROlCeB5FQ
Source: https://x.com/balajis/status/1734982567127044210
Delphi Digital: The AI x Crypto Stack
Source: https://x.com/delphi_digital/status/1828481786378362905?s=46&t=ywALktyM5ZCyt-zigN5Big
Teller Protocol: How to Use Time-Based Loans to Improve the Health of Leveraged Trades
Teller’s time-based loans eliminate the risk of liquidation due to price fluctuations.
> Since the loan is secured based on time rather than the collateral's current market value, the user doesn’t have to worry about sudden price drops affecting a position. 👇
Source: https://blog.teller.org/how-to-use-time-based-loans-to-improve-the-health-of-leveraged-trades/
=nill; foundation: Sharding as Parallelism
An examination of blockchain sharding through the lens of established parallel computing models leading to a better understanding of the potential and limitations of sharding.
Source: https://nil.foundation/blog/post/sharding_as_parallelism
Bubbly Finance Opens Trading for Hyperliquid
HL points at $4 on Bubbly!
Source: https://x.com/bubblyfinance/status/1828827429382824171?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Jeffrey Hu: Decoding Bitcoin MEV - Insights and Implications
Bitcoin MEV involves miners manipulating the block creation process for profit. This can range from users paying extra fees to miners colluding with users to exclude certain transactions.
> This report analyze the increasing complexity of MEV on Bitcoin and assess its implications for the broader ecosystem.
Source: https://x.com/hu_zhiwei/status/1828629246497239184?s=46&t=ywALktyM5ZCyt-zigN5Big
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