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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
jtriley_eth: To Reverse A Big Brain
An attempt to reverse engineer Bigbrainchad.eth's obfuscated MEV contract, which uses sophisticated code techniques like stack shuffling, dynamic jumps, and timestamp checks.
> Despite trying multiple tools, including Heimdall and Tenderly, and manually tracing bytecode with Python, the contract's complex design thwarted efforts. 👇
Source: https://x.com/jtriley_eth/status/1834692924204105915
Selias Tazartes: Succinct Overview of the Risc(s) Kakarot Will Face
Kakarot is turning 2yo in a month. The way forward is paved with challenges and uncertainty remains high. Through the noise, they’ll deliver excellence: real-time Ethereum-compatible block proving in Q1 2025.
Source: https://x.com/ETazou/status/1834538429666992467
L1D Research: How to Launch a Crypto Hedge Fund
a guide and reference for launching an institutional class crypto hedge fund (“Crypto HFs”) from an operational perspective
Source: L1D/how-to-launch-a-crypto-hedge-fund-2ca6a7173606" rel="nofollow">https://medium.com/@L1D/how-to-launch-a-crypto-hedge-fund-2ca6a7173606
OpenAI's o1 Model Hacks Misconfigured Docker to Win CTF Challenge
> OpenAI's new o1 model was tested with a Capture The Flag (CTF) cybersecurity challenge.
> But the Docker container containing the test was misconfigured, causing the CTF to crash.
> Instead of giving up, o1 decided to just hack the container to grab the flag inside.
Source: https://x.com/hosseeb/status/1834378405896401380?s=46&t=txFAbiSPTdLLDlAYj9X_AA
KyleSamani: On Multicoin’s 3rd Major DePIN Investment - Fuse
“While Helium and Hivemapper adopted the same basic economic model: using tokens to solve the cold-start problem, Fuse team is using tokens to *drive behavior change* in consumer energy consumption”
https://multicoin.capital/2024/09/12/the-great-energy-coordination-problem/
Source: https://x.com/kylesamani/status/1834318547943612865?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Multicoin Capital Announce Investment in Fuse
Fuse is a core contributor to Project Zero, a new renewable energy DePIN designed to solve the great energy coordination problem.
“They are set up to become a novel global energy retailer: one that not only trades power more profitably through asymmetric data and systems improvements, but also incentivizes renewables adoption and ultimately rewards its customers at each step of the process.”
Source: https://x.com/shayonsengupta/status/1834256645221708007
Four Pillars: Rise of Vertical Blockchains
This piece covers the emergence of vertical blockchains, as an alternative form of general-purpose blockchains or app-specific chains.
> Vertical blockchains provides a concentrated venue with similar interest and characteristic, serving both for users and applications.
Source: https://x.com/FourPillarsFP/status/1834166437361189312
Oddestharsh: Splitting out Bottlenecks Behind FHE
A detailed overview of the current challenges and progress in Fully Homomorphic Encryption (FHE). It discusses how FHE enables computations on encrypted data without needing to decrypt it, but faces several bottlenecks👇
Source: https://x.com/oddestharsh/status/1834246569798803838
toptickcrypto: Timeline Cleanse - Decentralized Training
There have been a number of recent articles on how centralized and decentralized entities are looking to get around the increasing limitations, complexity, and power requirements of frontier model training runs.
> This article cover some of the interesting reads
Source: https://x.com/toptickcrypto/status/1834263706269577572
Teng Yan: Nous Research - Artificial Intelligence Made Human
Nous Research is one of the leading decentralized AI research teams. It’s an “AI accelerator company” that wants to advance multiple aspects of decentralized AI simultaneously.
> This piece dives into Nous Research’s work from LLMs to world simulators, Hermes 3, and more
Source: https://www.chainofthought.xyz/p/nous-research
Perp Mindshare Composition for the Top Projects Over the Past 12 Months.
Source: https://x.com/_kaitoai/status/1834207723241525509
Trump Announces the Launch of World Liberty Fi on Sept 16th
Source: https://x.com/realDonaldTrump/status/1834311432982135015
OpenAI Releases a Preview of OpenAI o1
A new series of AI models designed to spend more time thinking before they respond. Solve harder problems than previous models in science, coding, and math.
Source: https://openai.com/index/introducing-openai-o1-preview/
Castle Island VC: Stablecoins - The Emerging Market Story
A survey of 2541 users in key emerging markets where crypto adoption is highest – and access to dollar banking infrastructure is limited: Nigeria, India, Indonesia, Turkey, and Brazil
> The result revealed stablecoins are being used not just for crypto trading, but increasingly feature in the ordinary economic lives of these individuals.
> Nigerians had the highest affinity for stablecoins in every category. 👇
Source: https://x.com/nic__carter/status/1834224298447294523
DeFiMinty: New Crypto Narratives to Keep a Close Eye On
> Uniswap v4: An eye on Bunni
> Incentivized Liquidity Protocols: Royco protocol, Turtle Club
> Prediction Markets: Drift, Azuro, Predictdotfun
> Chain Abstraction: Near protocol, Abstract
> Low Latency Blockchains: Sui, Aptos, Monad
Source: https://x.com/DeFiMinty/status/1834246684726976726
Nosana: LLM Benchmarking - Cost Efficient Performance
Revealing a compelling comparison between consumer-grade and enterprise GPUs in cost-efficient LLM inference performance.
> Through their comparison of the A100 and RTX 4090, they demonstrated the potential competitive advantage that consumer-grade hardware has over enterprise hardware
Source: https://nosana.io/blog/llm_benchmarking_cost_efficient_performance/
Vladislav Lenskii: Understanding TON and TVM
TON chain is a decentralized platform designed to be a fast, secure, and scalable blockchain capable of supporting dApps, DeFi and other blockchain-based solutions
> TON Virtual Machine (TVM) is a key component that executes smart contracts on the TON blockchain.
> This piece discuss TON, TVM, and technical aspects of the TON platform
Source: https://medium.com/decipher-media/understanding-ton-and-tvm-bd13cc95ea1c
MicroStrategy Buys Additional 18,300 Bitcoin for $1.11 Billion
Source: https://www.microstrategy.com/press/microstrategy-acquires-18300-btc-achieves-btc-yield-of-4-qtd-17-ytd-now-holds-244800-btc
Mitosis Narrative - A New Primitive for Open Liquidity Marketplace
Mitosis presents a new approach to liquidity management in DeFi by establishing an on-chain marketplace that spans multiple blockchains.
Source: https://x.com/mitosisorg/status/1834256473033163207?s=52&t=txFAbiSPTdLLDlAYj9X_AA
September 12th~ Rollup
🐚 Research and Ideation 💡
- Shoal Research: Bringing Macro Markets Onchain with Ostium
- Decentralised Co: Trusted Enclaves - On TEEs and why they're important
- DeFiMinty: New Crypto Narratives to Keep a Close Eye On
- Castle Island VC: Stablecoins - The Emerging Market Story
- Alana Levin: Average Supply of Stablecoins in Circulation is At An ATH
- 0xLouisT: High FDV Coins, The Icarus Myth of This Cycle
- Kaito: Perp Mindshare Composition for the Top Projects Over the Past 12 Months.
- Teng Yan: Nous Research - Artificial Intelligence Made Human
- Sentient: OML – Unleashing the Era of AI Entrepreneurship
- toptickcrypto: Timeline Cleanse - Decentralized Training
- Oddestharsh: Splitting out Bottlenecks Behind FHE
- Delphi Labs: Distributed Rebellion: A thesis on crypto x AI from Delphi Labs
- Four Pillars: Rise of Vertical Blockchains
- Insights4 VC: Solana - Q3 2024 Ecosystem Overview
- Multicoin Capital Announce Investment in Fuse - Thesis on Fuse
🐚 News 📕
- Trump Announces the Launch of World Liberty Fi on Sept 16th
🐚 Project Updates 🔔
- Coinbase’s Wrapped BTC (cbBTC) is now Live
- Chaos Labs Introduces Edge: The Next Generation Oracle Protocol
- cbBTC Reaches $100M Market Cap on Day 1
- OpenAI Releases a Preview of OpenAI o1
- Squid Sinks its Tentacles into Cross Chain Abstraction
Insights4 VC: Solana - Q3 2024 Ecosystem Overview
Solana has established itself as a top choice for onboarding off-chain users, particularly in sectors such as Decentralized Physical Infrastructure Networks (DePIN), mobile applications, and payments👇
Source: https://insights4vc.substack.com/p/solana-q3-2024-ecosystem-overview
Distributed Rebellion: A thesis on crypto x AI from Delphi Labs
AI is tracking to be the most powerful & important resource of the 21st century impacting society deeply. Being solely controlled by big tech and the state is a dystopian future we won’t want to see.
> This paper shows how crypto can prevent this monopoly by delivering genuinely better solutions for developers and users.
Solution: https://x.com/delphi_labs/status/1834247706103160939
Swift Launches System to Simplify Tokenized Asset Transactions
SWIFT is upgrading its system to support real-time transfers of tokenized assets, linking blockchains, CBDCs, and fiat currencies for smooth global transactions.
Source: https://www.swift.com/news-events/news/streamlining-global-movement-digital-assets-and-currencies
Whitepaper: OML – Unleashing the Era of AI Entrepreneurship
A new paradigm where models can be Open, Monetizable and Loyal (OML). This new addition to the landscape of deploying AI models opens a new world of possibility for open source AI development and AI entrepreneurship.
https://openagi.discourse.group/t/whitepaper-oml-unleashing-the-era-of-ai-entrepreneurship/1594/1
Source: https://x.com/sentient_agi/status/1834275715476562399
Squid Sinks its Tentacles into Cross Chain Abstraction
Version 2.0 brings users closer to a “Coinbase experience”
> Squid 2.0 introduces a new architecture that abstracts away chains to simplify even complex transaction flows with multiple hops.
Source: https://blockworks.co/news/squid-upgrade-cross-chain-abstraction
0xLouisT: High FDV Coins, The Icarus Myth of This Cycle
Takeaways:
> Avoid launching at a high FDV. Its not a meme
> Raise VC Funds Wisely
> Don’t Launch a Token Prematurely
> Maximize the circulating supply at launch
> Engage with Liquid Funds
Source: https://x.com/0xLouisT/status/1834204382889386149
Average Supply of Stablecoins in Circulation is At An All-Time High
Source: https://x.com/AlanaDLevin/status/1834223200877658183
Onchain insights Powered by Artemis
They highlighted:
> A new "adjusted" transfer volume metric
> Stablecoin vs overall crypto growth
> Dollar dominance of stablecoins
Source: https://x.com/artemis__xyz/status/1834226423898537992
cbBTC Has Reached $100M Market Cap on Day 1
43% of the supply is on Base & 57% on Ethereum
Source: https://x.com/tomwanhh/status/1834332049379049926?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Decentralised Co: Trusted Enclaves - On TEEs and why they're important
“TEEs provide an isolated execution environment separate from the main operating system, which is crucial for maintaining data security in applications handling sensitive information” This article covers:
> What are TEEs
> How they work in the context of blockchains
> Applications that are already using TEEs
> Limitations and factors to consider before implementing TEEs
Source: https://www.decentralised.co/p/trusted-enclaves?r=aaog1&utm_medium=ios&triedRedirect=true