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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
Positioning: BTC, ETH, SOL
"Positioning" by Al Ries and Jack Trout. Both of the authors passed recently, but this book can teach you a lot about crypto-currencies.
Source: https://www.youtube.com/watch?v=hcr1UfZ3Rs4
Joshua Baker: Go Sequence Yourself
“Move the sequencing somewhere else”
Source: https://mirror.xyz/joshbaker.eth/4SNmscj2r92bmMKxfggJUjAOa_mq_Xwv9oZIhVVRZJM
Jonah B: What is Multiblock MEV (MMEV)
TL;DR: In theory, MMEV can lead to centralization. In practice, it is not so prevalent. However, changing the MEV market structure via MEV capture solutions might induce ppl to exploit it.
Source: https://x.com/_jonahb_/status/1829549967272468869?s=46&t=ywALktyM5ZCyt-zigN5Big
zkTLS: Bringing Crypto Lending to a New Era
> zkTLS enables users to verify the integrity of client-server interactions on-chain.
> Digital messages like wire transfers can have omnipresent integrity
> This enable fiat<>crypto interoperability like never before
> A good example is seen with zkp2p and we might see crypto-backed fiat loans coming next
> An arragement where you deposit your ETH or SOL into a smart contract and instantly receive a fiat loan
> With Bitcoin becoming increasingly programmable, it will soon be possible to do this natively on BTC!
Source: https://x.com/0xshack/status/1829861937209098457?s=46&t=ywALktyM5ZCyt-zigN5Big
Nader Dabit: zkTLS ELI5
> zkTLS - Zero-Knowledge Transport Layer Security. It builds on the TLS protocol
> It is a technology allowing users to prove data from websites without revealing sensitive information about themselves. It connects web2 data to web3 applications.
> zkTLS uses zero-knowledge proofs to verify data authenticity without revealing the data itself.
Source: https://x.com/dabit3/status/1830022029195501799?s=46&t=ywALktyM5ZCyt-zigN5Big
August 30th~ Rollup
🐚 Research and Ideation 💡
- Nick Martitsch | Paradigm: 5 Lessons for Bootstrapping Protocol Communities
- Binance Research: Web3 - The Household Name in the Making
- Binance Research: Consumer Crypto Economy Into Several Sub-Verticals
- Franklin Templeton: Decentralized Finance Lending Protocols: The Crypto Fixed Income Market
- Cointelegraph: Why Crypto Miners Are Ditching Debt for Equity
- Brian Armstrong: AIs Are Now Paying Other AIs with Crypto
- Kairos Research: EigenDA - Revolutionizing Rollup Economics
🐚 Project Updates 🔔
- Bridge: A New Payments Platform Built with Stablecoins to Simplify Global Money Movement
- TON Hits New ATH With 1.1M Daily Active Users
- BVM Announces Two New RaaS Products on Bitcoin - Supersonic & Hybridsonic
🐚 Raises 💰
- Level (lvlUSD) Raises $3.6M Co-Led by Dragonfly and Polychain Capital
Brian Armstrong: AIs Are Now Paying Other AIs with Crypto
The Coinbase Developer Platform witnessed their first AI to AI crypto transaction this week, AI tokens from one LLM to another
> AI agents can get crypto wallets. They can now use USDC on Base to transact with humans, merchants, or other AIs👇
Source: https://x.com/brian_armstrong/status/1829623778726592804?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Franklin Templeton: Decentralized Finance Lending Protocols: The Crypto Fixed Income Market
DeFi lending protocols use blockchain technology to enable direct transactions between lenders and borrowers without centralized intermediaries
> This post discuss DeFi lending protocols, with Aave and MakerDAO as case studies, it explains how DeFi lending protocols can be compared to fixed income assets in the crypto world
Source: https://x.com/fti_da/status/1829217575924052131?s=52&t=txFAbiSPTdLLDlAYj9X_AA
TON Hits New ATH With 1.1M Daily Active Users
Source: TON Community
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
Examples of Projects Built with Cursor Since Gaining Attention
Cursor - The AI Code Editor
> 8 year old son building games
> Basic Airbnb clone in < 8 minutes
> Background removal tool in 20 minutes
> Create Mac Apps with 0 coding skills, and more
Source: https://x.com/minchoi/status/1830219984133312877?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Madhavan Malolan: The zk in zkTLS
“The zk in zkTLS is not for privacy preservation, it is for user security and integrity”
> To understand this, this post dive into the tech to understand a little deeper. A guide to zkTLS, its various flavours, and why it's a misnomer
Source: https://blog.reclaimprotocol.org/posts/zk-in-zktls
zkintro: Programming ZKPs - From Zero to Hero
This post shows how to write basic Zero Knowledge Proofs (ZKPs) from scratch, and how to program group signatures yourself.
Source: https://zkintro.com/articles/programming-zkps-from-zero-to-hero
August 31st~ Rollup
🐚 News 📕
- Amazon Alexa Will Be Powered by Claude
Amazon Alexa Will Be Powered by Claude
Amazon is set to revolutionize its Alexa voice assistant, due for release in October, by integrating Anthropic's Claude AI, promising enhanced capabilities and a new subscription-based model
Source: https://www.perplexity.ai/page/alexa-will-be-powered-by-claud-XEIV8U6cQ0WI4WlQP_9Ufg
Kairos Research: EigenDA - Revolutionizing Rollup Economics
EigenDA is built on the simple principle that Data Availability doesn’t require independent consensus to solve. Today, EigenDA is the largest AVS in terms of both restaked capital and unique operators, with over 3.64m ETH and 70m EIGEN restaked
> This article dive deep into EigenDA, exploring the unique mechanisms that constitute its design, and a look at the competitive landscape to analyze how this market sector could potentially play out.
Source: https://x.com/kairos_res/status/1829605508166164564?s=46&t=2q9OLMlaobNlHLewOXT4uA
Cointelegraph: Why Crypto Miners Are Ditching Debt for Equity
Crypto miners are moving away from debt and embracing stock dilution to fuel their AI and HPC ambitions, but the payoff is still uncertain.👇
Source: https://cointelegraph.com/news/why-crypto-miners-are-ditching-debt-for-equity
BVM Announces Two New RaaS Products on Bitcoin - Supersonic & Hybridsonic
> SUPERSONIC: ZK Rollup with 100% Bitcoin DA
> HYBRIDSONIC: ZK Rollup with Hybrid DA
Source: https://x.com/bvmnetwork/status/1828740642689953879?s=52&t=txFAbiSPTdLLDlAYj9X_AA
The Consumer Crypto Economy Into Several Sub-Verticals
Source: https://public.bnbstatic.com/static/files/research/web3-the-household-name-in-the-making.pdf
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