Hi everyone!
Summary:
This DIP proposes the development of DFX Analytics, a comprehensive system that provides real-time analytics, reporting, and insights for the DFX community. It aims to improve community engagement and attract new users by delivering valuable data and insights. The project will empower DFX users by delivering key metrics, market trends, governance updates, and other important information. It seeks to improve analytics strategies and foster deeper engagement within the DFX community.
Abstract:
This proposal addresses the growing need for reliable and accessible analytics and reporting tools in the expanding DFX Finance ecosystem. By providing valuable data and insights, the project aims to attract new users and increase community engagement.
While the current statistics provide valuable information for DFX users within the platform, our system offers a unique approach to engage and market to users outside of the DFX Protocol community. By providing the statistics directly on social networks such as Twitter, we can reach a wider audience and potentially attract new users who may not be familiar with DFX Finance. This differentiates our solution from the data displayed on dashboards, as it focuses on expanding the user base and increasing engagement beyond the existing community.
Motivation:
The existing analytics and reporting tools within the DFX ecosystem may not effectively engage users outside of the community or attract new users unfamiliar with DFX. DFX Analytics aims to bridge this gap by providing statistics directly on various platforms, expanding the user base, and increasing engagement. The project aims to address the limitations of the current system and improve community participation.
The success of the project will be measured by:
- User engagement metrics, such as the number of active users and interactions with the analytics system.
- Adoption rate of the DFX Analytics system among community members.
- Positive user feedback and satisfaction with the system’s functionality and insights.
Specification & Budget:
The DFX Analytics system will be developed using Python for backend development and Vue JS/Typescript for frontend implementation. It will leverage smart contract data, governance information, transaction history, and other relevant metrics to generate meaningful reports and visualizations. The system will include features such as real-time analytics, market trend analysis, and governance updates. The team will consist of experienced developers skilled in Python and Vue JS/Typescript.
We request a grant of 6000 USDT (equivalent in $DFX) to cover the following expenses:
- Developer compensation for the squad members involved in the project.
- Server and hosting costs for deploying and maintaining the analytics system.
- Ongoing maintenance and support to ensure the system’s continuous operation and improvements.
Roadmap:
DFX Analytics is designed to provide an accessible platform for users to access important analytics and insights related to the DFX ecosystem.
- Develop a real-time analytics system that covers key metrics, market trends, and governance updates.
- Implement data collection and processing components, integrating with DFX smart contracts.
- Build an intuitive interface with visualizations to present the analytics and insights effectively.
- Conduct rigorous testing to ensure accuracy and reliability of the analytics system.
- Deploy the DFX Analytics system and gather user feedback for continuous improvements.
You can see what a simplified version of the system looks like on this link (https://twitter.com/VelodromeAlerts).
- Week 1: Gather requirements, finalize technical specifications, and set up the development environment.
- Week 2: Implement data collection and processing components, integrate with DFX smart contracts, and develop the analytics and reporting functionalities.
- Week 3: Build the interface, incorporate visualizations, conduct rigorous testing, and address any bugs or issues.
- Week 4: Deploy the DFX Analytics system, monitor its performance, gather user feedback, and make necessary optimizations.
If Proposal Passes:
- Changes: Development and implementation of the DFX Analytics system, providing real-time analytics and insights for the DFX community.
- Pros: Improved community engagement, attraction of new users, enhanced analytics strategies.
- Cons: Cost of development by DFX treasury.
If Proposal Fails:
- Status Quo: Continued reliance on the existing analytics and reporting tools.
- Pros: Familiarity with the current system, no additional costs.
- Cons: Limited community engagement, missed opportunities to attract new users, lack of improvement in analytics strategies, potential stagnation in community growth.
Our team, @dfxanalytics , is a group of experienced developers who have a strong background in deploying protocols and participating in hackathons. We have a deep understanding of the DeFi space and are committed to providing valuable analytics to the DFX community through DFX Analytics. We have been granted by Velas Blockchain and Redlight Chain in the last six months and won the latest hackathon in Paris.
Have a nice day! I am available if you have any question regarding the proposal.