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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
Shoal Research: Bringing Macro Markets Onchain with Ostium
One particular protocol seeking to extend the utilities of onchain perps beyond crypto assets, to be able to trade virtually everything in one’s eToro account onchain is Ostium Protocol.
In this article, we provide a deep dive into:
> History of digitization of financial services
> History of perps
> How all roads lead to Ostium Protocol 👇
https://www.shoal.gg/p/bringing-macro-markets-onchain-with
Source: https://x.com/Shoalresearch/status/1834262502001303944
Coinbase’s Wrapped BTC (cbBTC) is Live
an ERC20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase.
Source: https://x.com/coinbase/status/1834208544247144949
Binance Launches BNSOL, New Way to Stake SOL
Stake your $SOL, receive BNSOL, and unlock the flexibility to trade or lend.
Source: https://x.com/binance/status/1834157153210233256
Syndica: Solana DeFi - August 2024
> SOL locked in Solana DeFi protocols reached an ATH of 7.6M.
> DEX volume has declined by 31% to settle at $48B.
> The memecoin market is showing signs of exhaustion
> Jupiter’s Perps' volume reached a new ATH of $17.5B, and more👇
Source: https://x.com/Syndica_io/status/1833970697766662346
Exit Liquidity: Breakdown on MegaETH w/ Bing & Namik from MegaETH
A good breakdown of what megaeth is and why you should care.
Source: https://www.youtube.com/watch?v=UuXAl9D9y_4
0xOmnia: Hyperliquid - Don't Miss The Forest For The Trees
“Everything that has happened up until the release of the HyperEVM (slated to be released by EOY) is merely just pure testing”
> Upgrades like HyperEVM (by year-end) and native token deployments, position it for further growth with potential to become a leading on-chain finance platform
Source: https://x.com/0xOmnia/status/1833933230858191040
Coke: First Lend-to-Earn (LTE) Gaming Standard on Solana
Coke deploys fair launch game tokens using GP101, a new primitive for Lend-to-Earn on-chain games
Whitepaper: https://docs.cokesol.com/
Source: https://x.com/Sol_Coke/status/1833872134059491332
Dewhales Research: AppLayer Explained - Modular EVM Layer for Cross-chain Applications
AppLayer is a modular EVM layer offering scalable, seamless cross-chain application development, empowering GameFi and DeFi with enhanced efficiency and user engagement.👇
Source: https://dewhales.substack.com/p/applayer-explained-modular-evm-layer
Polaris, the Token Portal: A Single Interface for Trading All Tokens Across All Chains
Imagine If you could access all tokens across all chains via one simple interface, a single portal to track and trade your whole portfolio with any wallet
> Polaris enables you to one-click trade all tokens across all chains from your existing wallet.
Source: https://x.com/polaris_app/status/1833845907168620978?s=46&t=2q9OLMlaobNlHLewOXT4uA
Ethresearch: Lookup Argument and its Tweaks
> This research talks about improving a method called 'lookup argument' used in a proof system.
> It builds on the Plookup technique to improve the efficiency of writing large PLONK circuits with complex logic.
nil-research/rkjJFAtiC" rel="nofollow">https://hackmd.io/@nil-research/rkjJFAtiC
Source: https://ethresear.ch/t/lookup-argument-and-its-tweaks/20409
September 10th~ Rollup
🐚 Research and Ideation 💡
- Ignas: The Current State of Crypto: Bearish or Bullish?
- Cremieux Recueil: High-Frequency Trading Is Good
- ArXiv: Deanonymizing Ethereum Validators: The P2P Network Has a Privacy Issue
- Bagel: Machine Unlearning - AI Forgetting on Command
- Stacy Muur: 20 Awesome Newsletters to Follow in Web3
- Theiaresearch: Metaplex: A Beautiful Cap Table Transition
- defi_monk: Explaining What's Happening at Base
- The Defiant: Aerodrome Finance - Redefining AMMs on Base with Alexander Cutler
- jtriley.eth: Functional Changes of EOF
- Greenfield: Statistical Arbitrage on AMMs and Block Building on Ethereum – Part 1
- Multicoin: Thesis and Valuation on $DRIFT
- ASXN: Hyperliquid Continues to Dominate Perpetuals Volumes Across Crypto
- Marco Manoppo: What Happens When Every Token Gets Restaked?
- hotpot_dao: Why did Megaeth Abandon LUMA?
- Michaelhanono | Talus: On Intersection of AI and Blockchain
- 0xayushya: Detailed Thread on Prediction Markets
🐚 Project Updates 🔔
- Nansen Acquires Staking Firm Stakewithus
- Doppler: A Liquidity-Bootstrapping Hook Design On Top of Uniswap v4
- Gauntlet: Curating SwissBorg Morpho USDC
- EigenLayer Introduces Security Model
- Roblox Builds AI World Model
- ENS Domains Now Supported by Paypal & Venmo
Michaelhanono | Talus: On Intersection of AI and Blockchain
> AI needs trust, and Blockchain offers it.
> Blockchain needs intelligent systems to organize and act on data, which AI provides.
> Blockchain enables AI to thrive through tokenized incentives & decentralized computing
> AI can provide a better UX for blockchain by creating value out of the chaotic data gathered from it
Source: https://x.com/michaelhanono/status/1833297719416569893
Marco Manoppo: What Happens When Every Token Gets Restaked?
Tokens will compete to be used as restaked assets as the new derivative markets of rehypothecated restaked assets will benefit the tokens, giving them more widespread usability and perceived value.
> It’s never about economic security, but insurance, rehypothecation, and politics.
Source: https://x.com/ManoppoMarco/status/1833550785063596188
Roblox Builds AI World Model
Roblox is revolutionizing game development with its new generative AI tool, designed to create 3D environments from simple text prompts.
Source: https://www.perplexity.ai/page/roblox-builds-ai-world-model-X5KKxY.dQNSn1Ioe9lMYPg
Multicoin's Thesis and Valuation on $DRIFT
“Drift will be the Binance moment of derivatives DEXs. As the market begins to appreciate the elegance of Drift, we think their market share chart will look similar to Binance after they launched”
> “We think DRIFT is a compelling asset that possesses many of the attributes that encapsulate how a DeFi token can become valuable under the right design and circumstances”
Source: https://x.com/SpencerApplebau/status/1833578036496638050
Chaos Labs Introduces Edge: The Next Generation Oracle Protocol
Edge is designed to meet the demands of modern DeFi applications, where milliseconds and price accuracy can mean the difference between a thriving protocol and a devastating exploit.
> Edge is already live and has secured over $30B in transaction volume as Jupiter's primary Oracle👇
Source: https://x.com/chaos_labs/status/1834232236818006439
September 11th~ Rollup
🐚 Research and Ideation 💡
- Stanley He: From Self-Sequencing to Preconfirmation
- Ethresearch: Lookup Argument and its Tweaks
- Dewhales Research: AppLayer Explained - Modular EVM Layer for Cross-chain Applications
- ASXN: Drift May Be Overvalued Compared to Competitors
- Grayscale: Polymarket - Crypto’s Election-Year Breakout App
- 0xOmnia: Hyperliquid - Don't Miss The Forest For The Trees
- Exit Liquidity: Breakdown on MegaETH w/ Bing & Namik from MegaETH
- Eli5DeFi: The Prediction Market Showdown
- Syndica: Solana DeFi - August 2024
- BurstingBagel: Positioning for Uniswap v4: Why Bunni ($LIT) Might Be Your Best Bet
🐚 Project Updates 🔔
- Atlas: The Blockchain for Verifiable Finance
- Polaris: The Token Portal
- Coinbase Teases cbBTC Logo a Month After Initial Reveal
- Coke: First Lend-to-Earn (LTE) Gaming Standard on Solana
- Ora Protocol Introduces f(A.I.)r Launch: A Fairer Way to Distribute Crypto Tokens
- Binance Launches BNSOL
Positioning for Uniswap v4: Why Bunni ($LIT) Might Be Your Best Bet
> $LIT is currently trading at a modest $12.5 million FDV.
> If Bunni V2 is well received, there’s strong potential for the token to appreciate significantly
> The hype around Uni v4 nearing its launch alone could be a major catalyst for price growth.
> If Bunni can capture market share, it has the potential to surpass some of the top competing DEXes
Source: https://x.com/burstingbagel/status/1833893669549850668?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Eli5DeFi: The Prediction Market Showdown
Exploring the crucial elements of PMs:
> What is Prediction Market (PM)?
> How it Works?
> PMs Ecosystem, and more
Source: https://x.com/eli5_defi/status/1833792696835772448
Ora Protocol Introduces f(A.I.)r Launch: A Fairer Way to Distribute Crypto Tokens
f(A.I.)r Launch is a groundbreaking method for launching crypto projects that utilizes AI to ensure fair token distribution.
Source: https://mirror.xyz/orablog.eth/WgccLsheT4dH-QieOOGQrLbUqaHWnfQ3gO8Rksz6m2Q
Grayscale: Polymarket - Crypto’s Election-Year Breakout App
This report explore how Polymarket is attempting to shape the future of prediction markets, leveraging blockchain technology to deliver transparent, data-driven insights during the 2024 U.S. election cycle.
Source: https://www.grayscale.com/research/reports/polymarket
ASXN: Drift May Be Overvalued Compared to Competitors
> While Drift sits at a 37.58x FDV/Fees ratio, competitors like Vertex sit at a 4.68x, and GMX sits at 8.24x
Source: https://x.com/asxn_r/status/1833949142328172769
Coinbase Teases cbBTC Logo a Month After Initial Reveal
Source: https://x.com/base/status/1833913303942533232
Atlas: The Blockchain for Verifiable Finance
Verifiable finance combines the performance of traditional finance with the transparency of DeFi.
> Atlas unlocks a financial world where transparency, security, and performance coexist.
> Private testnet is now live
Source: https://x.com/atlasxyz/status/1833880969251524973?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Stanley He: From Self-Sequencing to Preconfirmation
The emergence of based sequencing and preconfirmation (preconf) on Ethereum has seemingly been pushing the protocol further down the path that makes it less and less intuitive.
> This article shows why such a process is necessary, and how everything is actually driven by the “frontend” - even the protocol itself and the validators.
Source: https://lu-ban.notion.site/From-Self-sequencing-to-Preconfirmation-7fc4233f3a41430e91fcd778acea88d3
Detailed Thread on Prediction Markets
> What is prediction market?
> How It Started
> Current State of Prediction Markets, and more
Source: https://x.com/0xayushya/status/1833128628315443597?s=46&t=ywALktyM5ZCyt-zigN5Big
hotpot_dao: Why did Megaeth Abandon LUMA?
MegaEth uses Lemonade instead of LUMA
> To bring brand new experiences going to an event
> The only difference btw lemonade and luma is that you need to open an account when first sign in
Source: https://x.com/hotpot_dao/status/1833669203032932797?s=46&t=txFAbiSPTdLLDlAYj9X_AA
ENS Domains Now Supported by Paypal & Venmo
Source: https://x.com/ensdomains/status/1833536140529570039
Hyperliquid Continues to Dominate Perpetuals Volumes Across Crypto
Source: https://x.com/asxn_r/status/1833489272428499098
Greenfield: Statistical Arbitrage on AMMs and Block Building on Ethereum – Part 1
This post explains statistical arbitrage (stat arb) on Ethereum mainnet and how it relates to and impacts block building via mev-boost.
> Also explore the scope of the stat arb market and which parties win & dominate stat arb opportunities
Source: https://x.com/greenfield_cap/status/1833531879091323390