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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
Spheron Network: Running Kuzco Worker Node on Spheron
Kuzco is a distributed GPU cluster built on the Solana blockchain
> This video will walk you through the process of how to deploy a Kuzco worker node on Speron in just a few minutes.
Source: https://www.youtube.com/watch?v=IvNqTNS_L6U
Ole Spjeldnæs: Finance in 2027
This piece introduce what is called “Clopen finance”, an integration of Closed (TradFi) and Open (DeFi). It is believed this is what finance will look like in 2027
> This Clopen model combines the validity, transparency and censorship resistance properties that users inherit from DeFi with the customizability, autonomy and scale that developers enjoy in TradFi & fintech👇
Source: https://x.com/spjoleh/status/1838606721201189029?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Binance Launches Pre-Market Spot Trading
Exclusive offering for users to acquire tokens before official spot listing
Source: https://www.binance.com/en/support/announcement/binance-launches-pre-market-exclusive-offering-for-users-to-acquire-tokens-before-official-spot-listing-e6db38d921e4416384546dcf94cbf06a?hl=en
Brett Palatiello: The Mechanics of Allocating and Slashing Unique Stake
While operators directly assign percentages of their stake, in reality, the process is more nuanced.
This post explains the mechanics of allocating and slashing Unique Stake for Operators.
https://forum.eigenlayer.xyz/t/the-mechanics-of-allocating-and-slashing-unique-stake/13870
Source: https://x.com/brettpalatiello/status/1838640672519110822?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Sky Reconsiders Plan to Offboard Wrapped Bitcoin, After Chat With BitGo CEO
concerns over Justin Sun's role involvement in the custody of bitcoin backing the WBTC token.
Source: https://www.coindesk.com/tech/2024/09/24/sky-pauses-plan-to-offboard-wrapped-bitcoin-after-chat-with-bitgos-belshe/
Messari: The DAWN of DePIN - Commoditizing Internet Bandwidth with Fixed-Wireless Broadband
DAWN is building a decentralized fixed-wireless network to commoditize internet bandwidth and shift internet infrastructure ownership into households, resulting in 90% lower prices.
> This piece dives into DAWN, and its vision is to shift internet infrastructure into households.
Source: https://x.com/dylangbane/status/1829573900851658842
Jason Choi: Helium & GEODNET Are Go-to Way to Explain Crypto to Normies this Cycle
Source: https://x.com/mrjasonchoi/status/1838191120817475751?s=52&t=txFAbiSPTdLLDlAYj9X_AA
RISC-V ZKVMs: The Good and the Bad
RISC-V-based ZKVMs have revolutionized developer productivity by enabling rapid prototyping of zk proofs using familiar toolchains.
> This post offers a perspective on RISC-V ZKVMs, both the advantages and the drawbacks, and what this may mean for the Ethereum Foundation.
Source: https://argument.xyz/blog/riscv-good-bad/
Eigen Unlocking: Transfer Restrictions Expected to End Sept 30th, 2024
7-day withdrawal period for unstaking EIGEN.
Source: https://x.com/eigenfoundation/status/1838270195246170553
SEC Charges Crypto Companies TrustToken and TrueCoin With Defrauding Investors Regarding Stablecoin Investment Program: SEC
SEC claims 99% of TUSD reserves were invested in 'speculative offshore fund
Source: https://www.sec.gov/newsroom/press-releases/2024-145
D8X Leveraged Prediction Markets Are Now Live
Bet on politics, sports & entertainment - with leverage!
Source: https://x.com/d8x_exchange/status/1838574911469822179?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Aave V3 Market Now Includes wBTC, cbBTC, and tBTC
More choice for the Aave users.
Source: https://x.com/stanikulechov/status/1838255987872219162
tradetheflow_: The Great Return of DeFi
This post highlight we are having a similar setup to that of the last DeFi Summer, and the current DeFi metrics suggest that we might be at the beginning of a much bigger uptrend.
> “History never repeats itself, but does rhyme”👇
Source: https://x.com/tradetheflow_/status/1838477764183064860
Sam Altman: The Intelligence Age
“Technology brought us from the Stone Age to the Agricultural Age and then to the Industrial Age. From here, the path to the Intelligence Age is paved with compute, energy, and human will”
> A defining characteristic of the Intelligence Age will be massive prosperity.
> As we have seen with other technologies, there will also be downsides, and we need to start working now to maximize AI’s benefits while minimizing its harms.
Source: https://ia.samaltman.com/
Polymarket Considering Token Launch: The Information
Source: https://x.com/tier10k/status/1838324128912117954?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Tether and Circle Face Major Revenue Losses with Each 50 bps Rate Cut
For every rate cut of 50 bps:
> Tether loses $488M while Circle loses $144M in annualized revenue.
Source: https://x.com/bluechip_org/status/1838300130673316133?s=46
September 24th~ Rollup
🐚 Research and Ideation 💡
- Decentralised Co: Beyond Seed Phrases
- tradetheflow_: The Great Return of DeFi
- 0xSynthesis1: Stablecoin Landscape
- Kaito AI: Insights from all 75 Product Launches at Solana Breakpoint 2024
- Argument: RISC-V ZKVMs - The Good and the Bad
- 0xBreadguy: WTF are Based Rollups?
- Jason Choi: Helium & GEODNET Are Go-to Way of Explaining Crypto to Normies this Cycle
- Messari: The DAWN of DePIN - Commoditizing Internet Bandwidth with Fixed-Wireless Broadband
- Grayscale | Building Block: Bittensor
- Brett Palatiello: The Mechanics of Allocating and Slashing Unique Stake
🐚 News 📕
- SEC Charges TrustToken and TrueCoin with Defrauding Investors
- Sky Reconsiders Plan to Offboard Wrapped Bitcoin, After Chat With BitGo CEO
🐚 Project Updates 🔔
- Aave V3 Market Now Includes wBTC, cbBTC, and tBTC
- Metaplex Introduces Metaplex Aura
- D8X Leveraged Prediction Markets Are Now Live
- EtherFi Announces $eUSD - A Stable LRT
- Eigen Unlocking: Transfer Restrictions Expected to End Sept 30th, 2024
- Capsule Partners with Telegram to Help Build Secure, Non-Custodial Mini-Apps and Bots
- Moar Market: A Credit Layer Built on Move
🐚 Events 📍
- Blockchain Association to Lead DePIN Capitol Hill Briefing on October 2 in DC
Grayscale | Building Block: Bittensor
Bittensor helps leverage economic incentives and decentralized networks for open and accessible AI development.
> This report discuss how Bittensor works and how it aims to promote equitable AI development
Source: https://www.grayscale.com/research/reports/building-block-bittensor
Blockchain Association to Lead a Groundbreaking DePIN Capitol Hill Briefing on October 2 in DC
Participating members will include: Helium, GEODNET, Filecoin Foundation, Multicoin Capital, Coinfund, CESS Network, and more
Source: https://x.com/BlockchainAssn/status/1837155699450581428
Moar Market: A Credit Layer Built on Move
Launching Q4 2024 using Move on Aptos
It introduces the concept of Composable Leverage giving you credit (up-to 25x) to use across DeFi Protocols.
Source: https://x.com/MoarMarket/status/1838642517472088505
Capsule Partners with Telegram to Help Build Secure, Non-Custodial Mini-Apps and Bots
Source: https://x.com/usecapsule/status/1838564964975755534?s=52&t=txFAbiSPTdLLDlAYj9X_AA
0xBreadguy: WTF are Based Rollups?
Based Rollups are different than "Optimistic" and "ZK" rollups because they're considered more synergistic with mainnet Ethereum.
> They utilize Ethereum's block builders as sequencers, allowing L2s to inherit Ethereum’s liveness and composability while sharing transaction fees with L1
> This post explain what based rollups are, and how they are different from traditional rollups
Source: https://x.com/0xbreadguy/status/1838546025415610865?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Kaito AI: Insights from all 75 Product Launches at Solana Breakpoint 2024
On DeFi, DePIN & AI, Stablecoins, Bridging, Wallet/ Payments, RWA/ PayFi, DeSci, Gaming & NFT……
Source: https://kaitoblogs.substack.com/p/breakpoint-2024-kaitos-ultimate-alpha
0xSynthesis1: Stablecoin Landscape
A dive into the rapidly evolving world of stablecoins in both the centralized and decentralized space
Source: https://x.com/0xSynthesis1/status/1838227475811148003
EtherFi Announces $eUSD: A Stable LRT in Collaboration with Eigenlayer and Ethena Labs
eUSD gives optionality for AVS to better manage their economic security through market volatility.
Source: https://x.com/ether_fi/status/1838615933935366350
Metaplex Aura: A Decentralized Indexing and Data Availability Network for Solana and the SVM
SVM +MPL+Aura = full stack for decentralized apps
> Aura offers decentralized & performant indexing of digital asset data so apps can easily read state without relying on centralized infrastructure.
Source: https://x.com/metaplex/status/1838245504628699470?s=52&t=txFAbiSPTdLLDlAYj9X_AA
September 23rd~ Rollup
🐚 Research and Ideation 💡
- flb_xyz: Upcoming Airdrops Mega-Thread
- Tom Wan: 15 Key Takeaways from Solana Breakpoint
- Aera: How Aera Vaults Enhances Swell’s swBTC
- 0xkrishb: Why Build on Hyperliquid?
- Sam Altman: The Intelligence Age
🐚 News 📕
- Polymarket Considering Token Launch: The Information
🐚 Project Updates 🔔
- Trader Joe XYZ Rebrands to ‘Let’s F***ing Joe’ (LFJ)
- Coinbase will Add Support for Moonwell (WELL) on the Base Network
- Coinbase will Add Support for CoW Protocol (COW) on the Ethereum Network
🐚 Raises 💰
- Celestia Foundation Raises $100M in New Fundraising
Decentralised Co: Beyond Seed Phrases
Wallets needed to evolve. We needed wallets that could offer seamless onboarding and composability at the same time, thanks to new generation of wallets like Capsule tapping into passkeys
> Passkeys are cryptographic authentication method that erase need to memorize seed phrases
> This piece explains how Passkeys work and suggest a possible future enabled by them.
www.decentralised.co/p/beyond-seed-phrases
Source: https://x.com/Decentralisedco/status/1838504182757888298
0xkrishb: Why Build on Hyperliquid?
For a generalized L1 to succeed, it needs to have: Liquidity, distribution, and wealth creation.
> Hyperliquid checks all three boxes improving its odds of success compared to other L1s. It has the biggest lead among all the chains.
Source: https://x.com/0xkrishb/status/1838288409678459119?s=52&t=txFAbiSPTdLLDlAYj9X_AA
How Aera Vaults Enhances Swell’s swBTC
Aera’s automated, non-custodial vaults offers Swell’s swBTC a more flexible way to:
> Manage restaking allocations across multiple platforms and AVSs/Networks
> Manage restaking rewards & rebalance allocations in response to real-time risk assessment
Source: https://x.com/aerafinance/status/1838295504930709796?s=52&t=txFAbiSPTdLLDlAYj9X_AA