This proposal seeks to secure funding for the Analytics Working Group (AWG) for the period of January to June 2023. The funding will be used to sustain the AWG’s critical functions, which include providing dashboards and key metrics on Inverse and other protocols’ markets, user website interactions, and an alerting system.
The AWG has been operating successfully for the past months, and its services have been essential in providing important insights into the DAO’s operations. However, the AWG’s funding has been delayed, and this proposal aims to extend its activities for another six months. The previous proposal from the Mills era in June 2022 (Proposal 52) supported the AWG’s activities for six months, which will now be followed up with this new proposal.
The AWG’s primary objective is to provide valuable analytics services to the DAO, including dashboards and metrics. The AWG has been working on transitioning its alert system to a platform that would allow the RWG and TWG treasury teams to build their own alerts without depending on the AWG’s technical expertise. This transition has incurred additional costs, including a Quicknode premium subscription ($299/month) and backend, frontend, and database hosting services (now on Digital Ocean instead of Google).
The AWG has also been working on an in-house data analytics platform that would replace Dune Analytics, which has changed its terms of usage. The AWG has found that the benefits of Dune Analytics’ premium accounts are no longer worth the expense. This in-house tool will provide dedicated indexing, querying, and charting services and share infrastructure cost with the new alerting platform (1,000 DOLA /month including 60% provision for increase in database usage).
The proposal does not include funding for Dune Analytics subscriptions.
Finally, the AWG plans to remunerate external contributions to its activities and consultancy fees, such as those from The Graph and ad-hoc analysts. The proposal includes an amount that can be used to pay for these services (2,000 DOLA /month of operation).
The current structure of the AWG multisig operation will not change. @Karm, @Cryptoharry, and @Naoufel will remain as signers.
This proposal seeks to provide essential funding for the AWG’s activities for the period of January to June 2023. The AWG provides critical analytics services that offer valuable insights into the DAO’s operations. The proposal includes funding for the alert system transition, an in-house data analytics platform, and external contributions to AWG activities. The AWG’s multisig operation will remain the same.
858 DOLA are remaining from proposal 52 funding request, they have been subtracted from the current total.
Currently the AWG multisigs holds more than 9,000 GRT token which would allow the service to continue undisrupted until end June. No additional amount to market buy GRT is requested for the time being.
On chain action :
Allow 17,142 DOLA to the AWG multisig