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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
Three Sigma: How ERC-7683 Standard and Intent-Based Protocols Drive Liquidity Growth Across Blockchains
Presented in Q2 by Uniswap Labs & Across, it establishes a unified framework for intent-based systems to define cross-chain actions precisely.
> This standard could fundamentally alter the dynamics of DEXs, with Uniswap standing at the epicenter of this seismic shift👇
https://threesigma.xyz/blog/uniswap
Source: https://x.com/threesigmaxyz/status/1835639219697459711
Binance Will List Neiro (NEIRO), Turbo (TURBO) and Baby Doge Coin (100000BABYDOGE)
🗓️ Today, 10:00 (UTC)
Source: https://x.com/binance/status/1835567065006039255
Chris Burniske | Placeholder: $TIA Thesis
“Still longing $TIA while haters spinelessly pile onto the downside momentum”
> “Pattern matching tells me the ridiculers likely become the ridiculed for being momentum-short here, while longs are handsomely rewarded for their counter-consensus courage”
> “Regardless of what Mr. Market does in the coming months, my conviction in Celestia won't waver”
Source:https://x.com/cburniske/status/1835113974561751489?s=46&t=2q9OLMlaobNlHLewOXT4uA
1mpal: Why Korean Gamers Resist Blockchain
“I don’t think Koreans dislike ‘blockchain games’ themselves, but rather the negative connotations they bring”
This piece explains reasons for the ‘hostility’ and ‘challenges’ of the Korean market, which includes:
> The existence of tokens
> Legal regulation of fungibility
> The age of players
Source: https://x.com/impalementd/status/1834965618795462810?s=46&t=txFAbiSPTdLLDlAYj9X_AA
September 14th~ Rollup
🐚 Research and Ideation 💡
- Empire: All-In Summit, Inevitable Superintelligence, and Crypto's Role with the Delphi Digital Team
- Hackernoon: Ethereum Meets DVT - A New Era for Resilient Financial Systems
- Modular Capital: Our Mythos Thesis ( Apr, 2024)
- The Chopping Block: VC vs. Liquid Funds, Friend.Tech’s Decline, Crypto Startup Exits
- Cryptorank: Top Events by Bet Volume on Polymarket
The Chopping Block: VC vs. Liquid Funds, Friend.Tech’s Decline, Crypto Startup Exits
Guest: Jason Choi of Tangent. They discussed:
> The overvaluation of crypto projects by VCs
> Friend.Tech’s 96% token crash
> The ethics of early token launches
> How airdrop farming skews user metrics
> Whether VCs are extracting more value from crypto than they contribute. 👇
Source: https://www.youtube.com/watch?v=Pv9OqL14eJQ
Hackernoon: Ethereum Meets Distributed Validator Technology - A New Era for Resilient Financial Systems
tldr:
Ethereum's Distributed Validator Technology (DVT) offers a decentralized solution to improve network security and resilience, potentially challenging traditional financial systems.
> By enabling broader participation and reducing centralization risks, DVT is a game changer in creating a more robust alternative financial infrastructure.
Source: https://hackernoon.com/ethereum-meets-distributed-validator-technology-a-new-era-for-resilient-financial-systems
September 13th~ Rollup
🐚 Research and Ideation 💡
- KyleSamani: On Multicoin’s 3rd Major DePIN Investment - Fuse
- Mitosis Narrative - A New Primitive for Open Liquidity Marketplace
- Hosseeb: OpenAI's o1 Model Hacks Misconfigured Docker to Win CTF Challenge
- L1D Research: How to Launch a Crypto Hedge Fund
- Vladislav Lenskii: Understanding TON and TVM
- Selias Tazartes: Succinct Overview of the Risc(s) Kakarot Will Face
- Nosana: LLM Benchmarking - Cost Efficient Performance
- jtriley_eth: To Reverse A Big Brain
- Eigenphi: Private Order Flows -The Sleeve Bidding of Crypto
- Blockworks: We Need to Stop Pretending That Airdrops Work
- Four Pillars: So WTF is The True Ethereum L2?
🐚 Project Updates 🔔
- MicroStrategy Buys Additional 18,300 Bitcoin for $1.11 Billion
Blockworks: We Need to Stop Pretending That Airdrops Work
“It’s time to focus on building long-term, value-driven models that ensure both user and developer loyalty”
Source: https://blockworks.co/news/end-the-airdrop-era
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
September 15th~ Rollup
🐚 Research and Ideation 💡
- goodalexander: o1 Finance Benchmarking (Sept' 24)
- 1mpal: Why Korean Gamers Resist Blockchain
- Chris Burniske | Placeholder: $TIA Thesis
- Artemis: Stablecoin Marketmap 2024
🐚 Project Updates 🔔
- a16zcrypto Announces CSX Fall 2024 Cohort
Artemis: Stablecoin Marketmap 2024
Source: https://x.com/jonbma/status/1835421402721305065
a16zcrypto Announces CSX Fall 2024 Cohort
Starting this week, 21 startups has been selected to get firsthand lessons from top crypto founders over the next 8 weeks, receive guidance & support from a16z’s investing & operating teams, and build connections with each other and the a16z network.
Source: https://x.com/jasonrosenthal/status/1833180707721453906?s=46&t=ywALktyM5ZCyt-zigN5Big
goodalexander: o1 Finance Benchmarking (Sept' 24)
“The simple summary is that o1-preview is very strong, but also slow - expensive and with a hard to use API. It's definitely a worthy addition to the AI finance suite of models - especially for high stakes situations - as it has very high accuracy”
Source: https://x.com/goodalexander/status/1834976110389739534?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Top Events by Bet Volume on Polymarket
Source: https://x.com/cryptorank_io/status/1833833694873743513?s=12
Modular Capital: Our Mythos Thesis ( Apr, 2024)
“We believe Mythical ($MYTH) is one of the most compelling web3 gaming platforms we have ever seen & will revolutionize gaming”
> MYTH is transforming itself from a 1st party game studio to a leading web3 gaming platform, which can drive a significant re-rate in the valuation (from $300M to a multi-billion outcome).
Source: https://www.modularcapital.xyz/writing/mythical?twclid=23r06kgd05hf4jrwlesk3apt89
All-In Summit, Inevitable Superintelligence, and Crypto's Role with the Delphi Digital Team
The Delphi team dives deep into:
> AI's deflationary impact
> The future of labor and UBI
> Opportunities in Crypto & AI
> Open vs closed source AI models
Source: https://www.youtube.com/watch?v=AprrRCMdG_w
Four Pillars: So WTF is The True Ethereum L2?
FourPillars recent article “Taiko - The True Ethereum L2" sparked a debate on X about what qualifies as a True Ethereum L2 & what conditions must be met to achieve this title
> This article revisits the heated debate, giving readers an opportunity to think about what it means to be a True Ethereum L2.
Source: https://4pillars.io/en/opinions/so-wtf-is-the-true-ethereum-l2
Eigenphi: Private Order Flows -The Sleeve Bidding of Crypto - Contribute 89%, $642.5M, of Builders' Income
Private order flow in crypto operates behind the scenes, invisible to the average trader yet wielding enormous influence.
> This piece examine how private order flow has become the hidden giant of crypto trading, driving the majority of builder income and shaping the market in ways that most participants never see
Source: https://eigenphi.substack.com/p/private-order-flows-the-sleeve-bidding?r=aaog1&utm_medium=ios&triedRedirect=true
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