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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
Theoriq and Phala Network Partner to Advance Secure and Resilient AI Agents in Web3
Theoriq is the first decentralized protocol for governing and building multi-agent systems by integrating AI with blockchain technology
> Phala is upgrading decentralized compute with hybrid TEE and blockchain capabilities. These services will empower Theoriq’s AI agents.
Source: https://mirror.xyz/0xbCAa90C8bA95b3ba6C8Aa6900a92FE70b97E5eF7/BJW-1duSJZ6eYaIpuCS7hnE3gOqo66KcpWbxouZqPSQ
Rumpel: Turning Points into Profit
Rumpel - the premier point tokenization protocol that allows you transform your points into profit
> Launching in mid-Sept
> Backed by Dragonfly & Variant, with experience from MakerDAO & Aave.
Source: https://x.com/rumpellabs/status/1828090955209310238?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Decentralised Co: Bootstrapping Networks
This piece explores how networks are built and looks into sets of tools founders can tap on to bootstrap new networks, even against large competitors. It covers:
> The cold start problem
> Token incentive flywheels
> What is zkTLS, zkTLS tools, and how founders can tap onto them to build new networks
Source: https://www.decentralised.co/p/bootstrapping-networks
QwQiao: Advice to Crypto Builders
> The old playbook of building vaporware then getting exit liquidity on cexes doesn’t work anymore.
> “The new playbook is - and it’s absurd to have to say this - build something ppl want”
Source: https://x.com/QwQiao/status/1831462853565415476
Live Streaming Will Be a Major Driver of Crypto Adoption
> The Gen Zs exclusively use streaming platforms like Twitch, YouTube, Kick, TikTok, and Instagram.
> Platforms like The Live Bet are targeting top streamers and their highly engaged audiences.
> “The Live Bet” support platforms like Kick, X, YouTube, Twitch, and others.
> This offers a more engaging experience compared to trad prediction markets.
> Anyone can post a stream, create a market on anything and have it resolved
Source: https://x.com/lmrankhan/status/1831409108211397098?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Mark Odayan: An Opinionated Ethereum Protocol Roadmap (Over Current Horizon)
Highlighting:
> Major upgrades that are going to be involved
> Where they potentially sit in the logical ordering of the roadmap, priority-levels, difficulties, & more
Source: https://x.com/markodayan/status/1831348173413212548
Euler v2 is Live: Lend, Borrow and Build Without Limits
In the process of rebuilding people’s trust after the Euler v1 exploit last year, Eular CEO claimed that v2 has undergone one of the most expensive and comprehensive security processes for any DeFi protocol to-date.
Source: https://x.com/euler_mab/status/1831332296906932445?s=52&t=txFAbiSPTdLLDlAYj9X_AA
DeFi Active Loans Now at $13.3 Billion
A Level We Haven't Seen Since Early 2022
Source: https://x.com/JDSalbego/status/1828809908197679125
Analysis of the Penpie ~$27 million Exploit
Penpie - a yield optimizer and liquid locker built on Pendle, was exploited last evening for ~$27 million.
> The attacker created a fake market & counterfeit SY tokens on Pendle.
> While this is harmless to Pendle, Penpie failed to account for such adversarial scenarios, enabling the attacker to execute a re-entrancy attack.
> This resulted in the theft of $27m in rswETH, wstETH, agETH, and sUSDe from Penpie👇
Source: https://x.com/0xLouisT/status/1831277735823487473
Kamino Lend V2: Reshaping Lending on Solana
V2 will introduce a vastly improved borrowing and lending UX, alongside more sophisticated risk management infrastructure.
> V2 rollout is anticipated to start in Q4 2024
Source: https://x.com/KaminoFinance/status/1830991855497953413
September 3rd~ Rollup
🐚 Research and Ideation 💡
- donnoh_eth: TLDR of Eclipse Architecture
- 1kx: Blockchains as Worlds for Fun and Play
- IOSG Research: Prediction Markets of the Future - Challenges and Innovations
- Ebisu x Tokensight: LRT Infra Risk Framework
- Areta: Merger & Acquisition Case for DAOs and What is Happening in the Market
- The Rollup: The Billion Dollar Decision Every Builder Faces
- Arthur Hayes: Boom Times... Delayed
- AzFlin: Quick TLDR of Ethervista
🐚 News 📕
- SEC Charges Crypto-Focused Advisory Firm Galois Capital For Custody Failures
🐚 Project Updates 🔔
- Ethena Labs Partners with EigenLayer & EtherFi
- Taopill: A Hub for Discovering, Learning, and Staying Updated on Bittensor Subnets
- Fuse Wallet Introduces “Fuse Earn” – Powered by Drift
AzFlin: Quick TLDR of Ethervista
> Pump fun-esque product on mainnet, exploded overnight and at 27M now
> You must create your coin's contract yourself, they don't create coins for you
> What they do provide is "Launch" function.
> Supply any amount of your new coin, ETH, and they give you LP tokens for their proprietary DEX. It is up to you whether you want to burn these LP tokens, they are not auto burnt.👇
Source: https://x.com/azflin/status/1830671008795140297?s=52&t=txFAbiSPTdLLDlAYj9X_AA
The Rollup: The Billion Dollar Decision Every Builder Faces
Where is the best place to deploy my app?
This post presents the best 3 options as of today:
> General-purpose L2
> Solana
> Build an app-specific chain
> It discussed the pros and cons of each, and why upcoming tech improvements will make the choice easier than it is now.
Source: https://therollup.co/research/the-billion-dollar-decision-every-builder-faces
Ethena Labs Partners with EigenLayer & EtherFi
Ethena has partnered with EigenLayer and Ether.fi to introduce USDe as the first dollar-denominated token that can be used as security within its generalized shared security platform
Source: https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/fgcC1lI9cyTw2U9ywzDp8NfAtSXCcsDiMb8va6Snv3A
Ebisu x Tokensight: LRT Infra Risk Framework - Informing Ebisu's Protocol Parameters
A comprehensive framework for infrastructure risk assessments based on Ebisu’s portfolio-selected Actively Validated Services (AVS) on EigenLayer.
Source: https://x.com/ebisu_finance/status/1830974664631521505?s=46
0xLawl: Gen Z’s American Dream - 5 Leg Parlay Your Way to Basic Physiological Needs
What did they do to us?
> Gen Z's American Dream now revolves around high-risk betting, fueled by rising costs, stagnant wages, and pervasive sportsbook ads👇
Source: https://x.com/0xlawl/status/1831695567983919443?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Bedlam Research: Order Book-Based Lending
This piece presented a design for lending markets that uses an order book to match lenders with borrowers and allows for pool-based extensions to enable passive lenders to participate.
Source: https://www.bedlamresear.ch/posts/ob-lending/
September 4th~ Rollup
🐚 Research and Ideation 💡
- Kyle Samani: Thought Experiment on Centralization & Forking and BTC Purity
- 0xLouisT: Analysis of the Penpie ~$27 million Exploit
- Jito: Understanding Vault Receipt Tokens (VRTs)
- Token Terminal: DeFi Active Loans Now at $13.3 Billion
- Mark Odayan: An Opinionated Ethereum Protocol Roadmap (Over Current Horizon)
- Imran Khan: Live Streaming Will Be a Major Driver of Crypto Adoption
- QwQiao: Advice to Crypto Builders
🐚 News 📕
- Bloomberg Terminal Has Integrated Polymarket
🐚 Project Updates 🔔
- Kamino Lend V2: Reshaping Lending on Solana
- Renegade: The First On-Chain Dark Pool, is Live on Arbitrum
- Euler v2 is Live
- Royco: The Incentivized Action Market (IAM) Protocol
- Grass Airdrop Checker is Live!
- InfinityVM: Enshrining Offchain Compute
InfinityVM: Enshrining Offchain Compute
While onchain VMs continue to improve, they remain fundamentally limited in performance and expressivity. InfinityVM introduces a paradigm shift in achieving scalable decentralized compute by leveraging verifiable offchain execution.
Source: https://x.com/infinity_vm/status/1831437802841751821?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Grass Airdrop Checker is Live!
> Check eligibility: grassfoundation.io/eligibility
⚠️ Double check links ⚠️
Source: https://x.com/getgrass_io/status/1831380995058073649
Royco: The Incentivized Action Market (IAM) Protocol
Royco Protocol allows anyone to create a market around any onchain transaction (or series of transactions).
Source: https://x.com/roycoprotocol/status/1831074026011451844
Renegade: The First On-Chain Dark Pool, is Live on Arbitrum
Fully-private trading with zero MEV, slippage, or price impact.
Source: https://x.com/renegade_fi/status/1831384473524703311
Jito: Understanding Vault Receipt Tokens (VRTs)
VRTs are synthetic tokens that represent your restaking position, they give you an added layer of optionality and risk management.👇
Source: https://x.com/jito_sol/status/1831347756822098276
Bloomberg Terminal Has Integrated Polymarket
This marks Polymarket entry into mainstream news and finance field
Source: https://x.com/shayne_coplan/status/1830984489259901203
Kyle Samani: Thought Experiment on Centralization & Forking and BTC Purity
> The thought experiment explores the potential centralization risk in blockchain networks due to reliance on traditional financial systems like Circle and Tether.
> It suggests that government control over these entities could lead to control over blockchain forks
> Only blockchains excluding traditional financial assets, like Bitcoin, can maintain true decentralization and purity.
Source: https://x.com/kylesamani/status/1831034789002199406?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Fuse Wallet Introduces “Fuse Earn” – Powered by Drift
Fuse Earn is a curated, wallet-native experience to earn yield on stablecoins.
Source: https://x.com/fusewallet/status/1830950699791737307
Arthur Hayes: Boom Times... Delayed
Hayes shared his thoughts on why Fed rate cuts won't initially lead to a pump in crypto assets.
Source: https://cryptohayes.substack.com/p/boom-times-delayed
Taopill: A Hub for Discovering, Learning, and Staying Updated on Bittensor Subnets
Taopill.ai connects you with everything you need to explore Bittensor subnets—dashboards, whitepapers, GitHub repos, and more.
Source: https://x.com/old_samster/status/1831008461083054347?s=46&t=2q9OLMlaobNlHLewOXT4uA
Areta: Merger & Acquisition Case for DAOs and What is Happening in the Market
This report show the typical drivers for M&A in DAOs and how other crypto projects have used M&A to strategically grow
> Case study explored include: Aave's acquisition of Sonar, Robinhood's acquisition of Bitstamp..👇
Source: https://x.com/areta_io/status/1830596654740758528?s=46&t=2q9OLMlaobNlHLewOXT4uA
SEC Charges Crypto-Focused Advisory Firm Galois Capital For Custody Failures
Source: https://x.com/tier10k/status/1830997475139731578