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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
Binance Research: Web3 - The Household Name in the Making
Web3 adoption is under 1% globally, with user retention still lagging. It’s time for consumer-facing apps to bring Web3 to everyday users.
> This report explores how use cases & distribution are key to making Web3 a household name
Source: https://www.binance.com/en/research/analysis/web3-the-household-name-in-the-making
Nick Martitsch | Paradigm: 5 Lessons for Bootstrapping Protocol Communities
> Community is the foundation of your ecosystem growth flywheel.
> Qualitative experience trumps quantitative metrics for early-stage community building.
> Incentives can be part of why users come, but culture is why they’ll stay.
> Promote within the community and delegate trust optimistically.
> Human-centered onboarding creates a human-centered community.
Source: https://x.com/nickmartitsch/status/1829206571718693208?s=52&t=txFAbiSPTdLLDlAYj9X_AA
August 29th~ Rollup
🐚 Research and Ideation 💡
- Jonathan Blanco: NFTs Are Not Securities But They Can Be if You Treat Them As One
- Ceci: Why Aave Redesign Was Successful and Well-Received by their Audience
- Four Pillars: What is the Value of Humans in the AI Era? Humanity Protocol
- Dewhales Research: Privasea Explained - AI Network with FHE
- Vanshika Srivastava: Understanding Morph’s Architecture 101 - the Consumer Blockchain
- Anu Atluru: The Lost Sense - The Marginalization of Touch in a Digital World
- Wei Dai: Why Prediction Markets Need "zkTLS" and "zkLLM"
🐚 News 📕
- Trump Launches DeFi Account and Telegram Channel
- Apple is in Talks to Invest in OpenAI
🐚 Project Updates 🔔
- Pendle Now Supports BTC, Introduces eBTC Asset for Re-Staking
- Morpho Launches First RWA Vaults with Coinbase Verifications on Base
- $fragSOL: The New Standard of Liquid Restaking
- Blinks gg is Using a Pumpdotfun Token to Springboard a Developer Platform
🐚Upcoming Summit ✈️
- Hallabong Jeju: A Builders Paradise on Jeju Island, Korea
🐚 Raises 💰
- Bridge Raises $58 million in Funding
Stablecoin Money Movement Firm Bridge Raises $58 million in Funding
Started by former Coinbase and Square employees, Bridge is building a stablecoin-powered money movement platform.
Source: https://www.theblock.co/post/313830/stablecoin-money-movement-firm-bridge-raises-58-million-in-funding
$fragSOL: The New Standard of Liquid Restaking
Fragmetric has partnered with Jito to introduce $fragSOL, Solana's first native Liquid Restaking Token based on Jito (Re)staking VRT.
> $fragSOL solves the reward distribution and LST slashing issues faced with LRTs 👇
Source: https://blog.fragmetric.xyz/introducing-fragsol-the-new-standard-of-liquid-restaking/
Vanshika Srivastava: Understanding Morph’s Architecture 101 - the Consumer Blockchain
Morph is a Layer 2 rollup solution built on Ethereum that combines the strengths of both optimistic rollups and zero-knowledge (zk) technology.
> It prioritizes consumer-centric applications, ensuring a seamless and user-friendly experience.
> This piece dive into its decentralized architecture that includes decentralized sequencers👇
Source: https://mirror.xyz/0xbEC001654C9b89548858872aE199D4597d121887/RnaP7-2pA1lUvrydQZoZBv44xcjqmd5r5wH5jCCCzaU
Morpho Launches First RWA Vaults with Coinbase Verifications on Base
> Curated by Steakhouse Financial & Re7Capital
> Collateral from multiple tokenization platforms including Centrifuge, Hashnote, and MIDAS
Source: https://x.com/morpholabs/status/1828764717332251011?s=46&t=ywALktyM5ZCyt-zigN5Big
Dewhales Research: Privasea Explained - AI Network with FHE
A dive into the technology around FHE with an in-depth look at how the protocol works with AI and FHE under the bonnet
> The Privasea AI Network offers a solution to the challenges associated with data privacy in artificial intelligence👇
Source: https://dewhales.substack.com/p/privasea-explained-ai-network-with?r=aaog1&utm_medium=ios&triedRedirect=true
Four Pillars: What is the Value of Humans in the AI Era? Humanity Protocol
In the AGI era, what we consider valuable will eventually shift from the quality of the content to who created it. Thereby, creating the challenge of what is human and what is not in the digital world.
> Humanity Protocol is utilizing Proof of Humanity (PoH) to create the infrastructure needed to prove our humanity and distinguish between humans and AI in the era of AGI 👇
Source: https://4pillars.io/en/articles/humanity-protocol/public
Jonathan Blanco: NFTs Are Not Securities But They Can Be if You Treat Them As One
A reflection on the OpenSea Wells notice and a breakdown of how they fail the Howie Test, i.e not violating securities.
The Howie Test has four prongs which set a precedent for criteria to identify securities, all four criteria which must be met:
> Investment of Money
> Common Enterprise
> Expectation of Profits
> Efforts of Others👇
Source: https://www.niftmint.com/post/nfts-are-not-securities-but-they-can-be-if-you-treat-them-as-one
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
Level (lvlUSD) Raises $3.6M Co-Led by Dragonfly and Polychain Capital
LvlUSD is the first stablecoin backed by restaked dollar tokens
Source: https://x.com/levelusd/status/1829135617621365116?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Bridge: A New Payments Platform Built with Stablecoins to Simplify Global Money Movement
Bridge is putting digital dollars into the hands of hundred of thousands of individuals, businesses, and even governments globally.
Source: https://x.com/benhoneill/status/1829192930872971590?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Wei Dai: Why Prediction Markets Need "zkTLS" and "zkLLM"
As larger bets are wagered in onchain prediction markets , there is a growing risk on the reliance on intersubjectivity oracles like UMA, which sometime fail to resolute to the objectively resolvable answer from specified sources.
> zkTLS + zkLLM can transform the resolution of a prediction market from an intersubjective task to an objective task.
Source: https://x.com/_weidai/status/1829194060554522915?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Blinks.gg is Using a Pumpdotfun Token to Springboard a Developer Platform
Source: https://blockworks.co/news/blinks-gg-pump-fun-developer-platform
Anu Atluru: The Lost Sense - The Marginalization of Touch in a Digital World
“In a fully digitized, always online world (we’re almost there), touch is a lost sense”
“we should invent “texture museums” where the whole point is to touch the art”
Source: https://www.workingtheorys.com/p/the-lost-sense
Hallabong Jeju: A Builders Paradise on Jeju Island, Korea
Hallabong Jeju is a 1-week workcation & summit retreat for Web3 leaders and builders.
> Access to free coworking spaces, immersive excursions on the island, networking, food…
⏰ Sept 30th - Oct 5th
> Application link below👇
Source: https://x.com/cryptosmiff/status/1828929368229589331
Pendle Now Supports BTC, Introduces eBTC Asset for Re-Staking
First of their BTCfi additions - EtherFi's eBTC (26 Dec)
Source: https://x.com/pendle_fi/status/1829142553456980397
Apple is in Talks to Invest in OpenAI
Apple in talk to join Open AI’s multibillion-dollar funding round alongside Microsoft & Thrive Capital
Source: https://www.wsj.com/tech/ai/openai-apple-funding-chatgpt-50754cd6
Why was Aave Redesign so Successful and Well-Received by their Audience?
> They made bold changes. The new branding and how they approached it on their website.
> Their communication now focuses on the company's name, with assets & iconography that match it.
> Changing from dark mode to light mode
> Great animations everywhere
> Accessible communication. It's easy to understand what they do, and it's catchy
Source: https://x.com/ceciliavlso/status/1828574836722991315?s=52&t=txFAbiSPTdLLDlAYj9X_AA
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