Proposal to Create an Analytics Working Group

1

Summary

Launch of an Analytics Working Group (AWG) within the DAO to support our growth, define further and execute the Data Strategy as proposed below by @naoufel .

Background

Inverse has now entered a phase of rapid growth and is expanding its activities in several areas. In order to sustain this growth, Inverse DAO committees and WG members (Growth, Marketing, Treasury…) need to rely on accurate, fit-to-need data, as well as user-friendly analytical systems to operate at full efficiency.

Objectives

The analytics department would brand itself as a customer-oriented area, in charge of providing the data and tools critical to Inverse different business areas operations and to ensure its transparency. The objective of this WG will be to define further and develop Inverse DAO Data Strategy.

State-of-play

As it stands there are no protocol data sources and DAO members or third parties have to rely on external data providers (Etherscan, Dune) where the data is not fully available, extractable and the reports not customisable.

On another hand, we do not have unified tools to measure our influence on social media and adapt our strategy or communication accordingly.

Moving Forward

After comparing the solutions available on the market this proposal offers to investigate further and develop the possibility of using Google Data Studio combined with The Graph to ensure our systems rely on powerful and decentralized infrastructures (a mock-up version is available here : Inverse Finance Analytics).

The Graph would provide the infrastructure for a decentralized indexing solution and would allow us to make our data available to the greater through a GraphQL API. This latter is critical in incentivizing other protocols to integrate us by providing them with an in-house, and easy to use data source.

Google Data Studio would provide us with a powerful Data engine (Google BigQuery) combined with customization and web integration capabilities never seen anywhere else in data industry, this would allow us to combine all of our data analytics into one single place while keeping the data decentralized into The Graph. (Think Tableau + Excel + PowerBI + Wordpress combined into one tool)

On the Public Relation and Marketing side many social media (Google Analytics, Twitter, Linkedin…) already provide API or direct integration solutions that are accessible by Google Data Studio and could be integrated seamlessly together with on-chain metrics.

Dune Analytics is to remain a DAO tool for our analytics, but should be used rather on ad-hoc requests or urgent and specific data needs than on periodical reporting and should not be reflected anymore in official communications.

Responsibilities & Tasks

  1. Follow up with the development of the current subgraph developed by Compound and forked by @naoufel, integrate financial reporting into a new interface,
  2. Integrate social media data to the DAO strategy and make it available into a new interface,
  3. Assist DAO members in periodical reporting efforts, answer ad-hoc data requests,
  4. Continuously follow up with others DAO areas activities, improve current and develop new fit-to-need metrics and solutions,
  5. Research data and deliver insights.

Members

@naoufel will act as lead of this Working Group, DAO members interested in contributing can get in contact directly.

Budget & Execution

The budget for this proposal is 16,170 DOLA broken down as follows :

  • 1,170 DOLAs to compensate @naoufel in order to account for the Dune premium passed costs (390 $ / month x 3 months)

  • 5,000 DOLAs to market buy around 10,000 GRT tokens, 50 to 75% of this amount would be dedicated to ‘signaling’ The Graph and influence on-chain indexing politics. The remainder of this amount would be used as a first batch to pay for the query fees as well as provide our users with an API key to query on this subgraph, allowing us to promote full transparency to other protocols and users. Besides, this amount invested would be withdrawable and can constitute a DAO investment onto The Graph infrastructure. Context : the current amount of 1,000 GRT signaling the graph has been provided by @naoufel when initiating the subgraph but is not important enough to get the data indexed widely. Some outages occurred when testing and we had to directly contact some indexers to get the data online. This can not happen when in production.

  • 10,000 DOLAs to temporarily recruit a contractor from the Graph community in order to get the subgraph updated and running in a short amount of time. The estimated schedule would be a 2-3 weeks development sprint followed/intertwined with a 2-3 weeks testing, query building and analytics design where @naoufel would also play a part (advise, testing, query building). Context : The Graph uses GraphQL, which is not a database language but rather client-to-middleware language. This means we do need a developer comfortable with not only TypeScript to build schemas, but also with the Graph infrastructure to help us ensure a good basis to a long term data source while minimizing updates and bugs.

  • Any unspent budget will be returned to the Inverse Treasury.

5 Likes
2

Fully support building out the analytics capability at Inverse and a dedicated working group is a great way to get the community more involved in analytics!

2 Likes
3

I support this proposal. I am wondering, where is the comp for the AWG members?

4 Likes
4

Fair point. That’s a first draft for this budget and I only included above short term external costs related to the graph (1-2 months).
It might makes sense indeed to add some AWG compensation to account for people that will help us to produce content and analysis, and (maybe) include budget for the months ahead.
I was actually uncomfortable requesting too much funds from the DAO in a first proposal. What would you suggest?

2 Likes
6

Summary

Launch of an Analytics Working Group (AWG) within the DAO to support our growth, define further and execute the Data Strategy as proposed below by @naoufel .

Background

Inverse has now entered a phase of rapid growth and is expanding its activities in several areas. In order to sustain this growth, Inverse DAO committees and WG members (Growth, Marketing, Treasury…) need to rely on accurate, fit-to-need data, as well as user-friendly analytical systems to operate at full efficiency.

Objectives

The analytics department would brand itself as a customer-oriented area, in charge of providing the data and tools critical to Inverse different business areas operations and to ensure its transparency. The objective of this WG will be to define further and develop Inverse DAO Data Strategy.

State-of-play

As it stands there are no protocol data sources and DAO members or third parties have to rely on external data providers (Etherscan, Dune) where the data is not fully available, extractable and the reports not customisable.

On another hand, we do not have unified tools to measure our influence on social media and adapt our strategy or communication accordingly.

Moving Forward

After comparing the solutions available on the market this proposal offers to investigate further and develop the possibility of using Google Data Studio combined with The Graph to ensure our systems rely on powerful and decentralized infrastructures (a mock-up version is available here : Inverse Finance Analytics).

The Graph would provide the infrastructure for a decentralized indexing solution and would allow us to make our data available to the greater through a GraphQL API. This latter is critical in incentivizing other protocols to integrate us by providing them with an in-house, and easy to use data source. At the same time it will provide a robust distributed framework to prevent data outages from infura or other data providers.
Google Data Studio would provide us with a powerful Data engine (Google BigQuery) combined with customization and web integration capabilities never seen anywhere else in the data industry allowing us to share and organize our data at once.

On the Public Relation and Marketing side many social media (Google Analytics, Twitter, Linkedin…) already provide APIs or direct integration solutions that are accessible by Google Data Studio and could be integrated seamlessly together with on-chain metrics.

Dune Analytics is to remain a DAO tool for our analytics due to its flexibility, but should be used rather on ad-hoc requests or urgent and specific data needs (as for Risk Management) than on periodical reporting. It should not be reflected anymore in official communications.

Responsibilities & Tasks

  1. Follow up with the development of the current subgraph developed by Compound and forked by @naoufel, integrate financial reporting into a new interface,
  2. Integrate social media data to the DAO strategy and make it available into a new interface,
  3. Assist DAO members in periodical reporting efforts, answer ad-hoc data requests,
  4. Continuously follow up with others DAO areas activities, improve current and develop new fit-to-need metrics and solutions,
  5. Research data and deliver insights.

Members

@naoufel will act as lead of this Working Group, DAO members interested in contributing can get in contact directly.

Budget & Execution

The budget for this proposal is 12,340 DOLA, 10 INV and 0.2 ETH broken down as follows :

  • 2,340 DOLA to compensate @naoufel in order to account for the Dune premium passed costs (390 $ / month x 6 months of which 4 are already incurred)
  • 5,000 DOLA to market buy around 10,000 GRT tokens, 50 to 75% of this amount would be dedicated to ‘signaling’ The Graph and influence on-chain indexing politics.

The remainder of this amount would be used as a first batch to pay for the query fees as well as provide our users with an API key to query on this subgraph, allowing us to promote full transparency to other protocols and users. Besides, this amount invested would be withdrawable and can constitute a DAO investment onto The Graph infrastructure.

Context : the current amount of 1,000 GRT signaling the graph has been provided by @naoufel when initiating the subgraph but is not important enough to get the data indexed widely. Some outages occurred when testing and we had to directly contact some indexers to get the data online. This can not happen when in production.

  • 5,000 DOLA (2,500 $ / 3 weeks x 2) to temporarily recruit @mayurch in order to get the subgraph updated and running in a short amount of time. The estimated schedule would be a 2-3 weeks development sprint followed/intertwined with a 2-3 weeks testing, query building and analytics design where @naoufel would also play a part (advise, testing, query and analytics page building). This amount is requested twice in case we need to lock @Mayurch again in the short time frame due to increasing requirements.

Context : The Graph uses GraphQL, which is not a database language but rather client-to-middleware language. This means we do need a developer comfortable with not only TypeScript to build schemas, but also with the Graph infrastructure to help us ensure a good basis to a long term data source while minimizing updates and bugs.

  • 0.2 ETH to cover for the mentioned above operations fees (swaps and gas fee).
  • 10 INV in order to compensate spontaneously DAO members contributing to the task of the Analytics working group
  • Any unspent budget (INV/DOLA /ETH) will be returned to the Inverse Treasury.
7

The Analytics Working Group is submitting the following extension proposal :

Context :

Following proposal 7 of Governor Mills Era, @naoufel has been defining and leading the Analytics Working Group Activities through a 90 days experimental period.

The AWG has been delivering data and insights to DAO core team members and holders, first through the expansion of the Dune dashboards to topic related and specialized Dashboards. The Risk and Policy WG - as well as our users - have been able to continuously monitor the financial impact of our policy and state of the protocol with the help of those tools.

The AWG sees as part of its duties to give autonomy to its users by providing them with a flexible infrastructure and tailor made tools. Through the development, testing and deployment of two subgraphs indexing governance and Frontier protocol data , the AWG is providing the DAO and its end-users a multi-level access to on-chain information (from the Graph at Web3 level to Charts and Tables freely exportable on the website UI at user level).

Moreover the AWG has taken the lead in the development of an alerting system monitoring on-chain activity that could have an impact on the safety of the protocol and delivered under short-time constraint to ensure a careful monitoring of Frontier relaunch on the 3rd of June.

Finally the AWG is committing to document and ensure all its activities can be replicated to improve the DAO resilience, learning and sharing process in its gitbook : https://analytics.inverse.finance

Summary :

This proposal aims to replenish the allowances of the AWG to ensure its duties and refunding Naoufel for the infrastructure and testing costs incurred as well as validate the mandate of the AWG for an additionnal period of 6 months. All invoices can be requested for consultation and are available on Google Drive for core team members.

  • 2,400 DOLAs for Google Cloud virtual machines : provision of 400$/month for 6 months. (This amount could be revised upward if we do switch to a more powerful VM in the future). This would allow to run our own archive node and provide the protocol with a dedicated in house connection to the Ethereum network (provisional amount)
  • 2,340 DOLAs for monthly Dune premium account for 6 additional months (of which 2 months already charged to naoufel)
  • 96 DOLAs for an interim solution based on Tenderly previously to the alerts system and used during a month (already charged to naoufel)
  • 23 DOLAs microsoft azure servers for testing the alerts (already charged)
  • 5,000 DOLAs to reward contributors to the Analytics Working Group tasks : this is a 50% decreased compared to the last proposal considering the 180 days windows of this one,

Note : 2,028 DOLAs are left from the previous reward allowance and will be used to cover for eventual consulting expenses

Multisig :

Being dedicated for technical tasks and consultant settlements, the AWG multisig was so far operated by Naoufel. @cryptoharry and @Karm have been added to the multisig to ensure a distributed management of this latter.

1 Like