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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
IOSG Research: Prediction Markets of the Future - Challenges and Innovations
As the 2024 election cycle ends, the future of prediction markets is at a crossroads:
> The bull case envision these platforms expanding into diverse areas like finance, tech, and science, driven by innovations such as AI integration and advanced market mechanisms.
> However, the bear case highlights significant challenges. This post discussed both cases👇
Source: https://medium.com/iosg-ventures/prediction-markets-of-the-future-challenges-and-innovations-34d683348fb5
TLDR of Eclipse Architecture
Users deposit into a 2/4 multisig – no other functionality.
> Eclipse is ethereum’s first SVM L2
Source: https://x.com/donnoh_eth/status/1830620166516072495?s=46&t=2q9OLMlaobNlHLewOXT4uA
Scroll Teases Something Coming Soon 👀
Token Issuance and Airdrop?
Source: https://x.com/scroll_zkp/status/1830925062683197729?s=46&t=2q9OLMlaobNlHLewOXT4uA
Pumpdotfun is the Fastest Crypto App to Hit $100m in Revenue Ever
Source: https://x.com/ryanwatkins_/status/1830630230568124675?s=46
Claude 3.5 Sonnet When Asked to Create Superstimulus for Itself (Left) and Humans (Right)
a hilariously condescending view of humans.
Source: https://x.com/repligate/status/1830331774875893925?s=52&t=txFAbiSPTdLLDlAYj9X_AA
September 1st~ Rollup
🐚 Research and Ideation 💡
- Nader Dabit: zkTLS ELI5
- 0xshack: zkTLS - Bringing Crypto Lending to a New Era
- zkintro: Programming ZKPs - From Zero to Hero
- Jonah B: What is Multiblock MEV (MMEV)
- Madhavan Malolan: The zk in zkTLS
- Joshua Baker: Go Sequence Yourself
- Min Choi: Examples of Projects Built with Cursor Since Gaining Attention
- DotKrueger: Positioning: BTC, ETH, SOL
- TheiaResearch: Don't overestimate the efficiency of Polymarket
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
1kx: Blockchains as Worlds for Fun and Play
> Blockchains are an entirely new content medium for entertainment
> They are games naturally, and we already know how to play them.
> Digital physics (onchain games) as a new interface for blockchains👇
Source: https://mirror.xyz/1kx.eth/XpdOQvEwMmK-FQtVYrgABEWWKWOlB3SaQwwtxAUmlXI
September 2nd~ Rollup
🐚 Research and Ideation 💡
- Vitalik: Glue and Coprocessor Architectures
- Repligate: Claude 3.5 Sonnet When Asked to Create Superstimulus for Itself & Humans
- Doug Colkitt: Why Sequencing Will Always Outvalue DA in the L2 Fee Market
- 2077 Research: EIP-1559 - Separating Mechanisms From Memes
🐚 Project Updates 🔔
- Pumpdotfun is the Fastest Crypto App to Hit $100m in Revenue Ever
- Scroll Teases Something Coming Soon
2077 Research: EIP-1559 - Separating Mechanisms From Memes
A deep dive into Ethereum's EIP-1559 transaction fee mechanism design and its misunderstood value and potential
> Its misunderstanding which stem from how it was used as the poster child for a popular meme known as Ultrasound Money.👇
Source: https://research.2077.xyz/eip-1559-separating-mechanisms-from-memes
Opinion: Why Sequencing Will Always Outvalue Data Availability in the L2 Fee Market
> The argument suggests that data availability (DA) will never capture as much value as sequencing because DA lacks price discrimination power, leading to lower revenue.
> High-value transactions and arbitrage opportunities primarily benefit sequencers, while DA is constrained by fixed, low fees per transaction.👇
Source: https://x.com/0xdoug/status/1830090797552636209?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Vitalik: Glue and Coprocessor Architectures
“You have some central "glue" component, which has high generality but low efficiency, which is responsible for shuttling data between one or more coprocessor components, which have low generality but high efficiency.”
> “Glue should optimize for being good glue, and coprocessors should optimize for being good coprocessors”
Source: https://vitalik.eth.limo/general/2024/09/02/gluecp.html
TheiaResearch: Don't overestimate the efficiency of Polymarket
“The problem is that Polymarket is still an inefficient and emerging market that cannot give you good information about <5% moves.”
> Polymarket experiences large price impact relative to small deviations from consensus
> While it has shown ability to predict large moves before being picked up by major media outlet
> This doesn’t mean it is a surgical prediction tool that can debate <5% moves like the liquid financial markets that many of us are used to.
Source: https://x.com/theiaresearch/status/1829116216151085329?s=52&t=txFAbiSPTdLLDlAYj9X_AA
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