BendDAO Alerts

BIP Ideas
#1

Title: Proposal for BendDAO Protocol Development (Analytics)

Authors: @benddaodata

Date Created: 14/06/23

Date Posted: 14/06/23

SUMMARY:

This proposal aims to develop BendDAO Protocol Analytics, a comprehensive system that provides real-time analytics, reporting, and insights for the BendDAO community. The project will empower BendDAO 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 BendDAO community.

BACKGROUND:

This proposal addresses the growing need for reliable and accessible analytics and reporting tools in the expanding BendDAO 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 BendDAO users within the platform, our system offers a unique approach to engage and market to users outside of the BendDAO community. By providing the statistics directly on various platforms, we can reach a wider audience and potentially attract new users who may not be familiar with BendDAO. 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.

MISSION & VALUES ALIGNMENT:

The BendDAO Protocol Analytics project aligns with the mission of BendDAO to create a decentralized and transparent ecosystem. By promoting transparency, empowering users, and fostering active participation, it strengthens the BendDAO community and supports its core values.

SCOPE OF WORK:

  • Develop a real-time analytics system that covers key metrics, market trends, and governance updates.
  • Implement data collection and processing components, integrating with BendDAO 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 BendDAO Protocol Analytics system and gather user feedback for continuous improvements.

SPECIFICATION:

The BendDAO Protocol 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 team will consist of experienced developers skilled in Python and Vue JS/Typescript. The positions filled include backend developers, frontend developers, and QA testers.

FINANCIAL IMPLICATIONS:

We request a grant of 6000 USDT (equivalent in $BEND) 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.

BRAND USAGE:

The BendDAO brand will be used to promote the BendDAO Protocol Analytics system outside the DAO. This will involve marketing and outreach efforts to reach a wider audience and attract new users to the BendDAO ecosystem.

SUCCESS METRICS OR KPIS:

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 BendDAO Protocol Analytics system among BendDAO community members.
  • Positive user feedback and satisfaction with the system’s functionality and insights.

NEXT STEPS:

If this proposal is accepted, immediate action items include:

  • Finalizing technical specifications (such as data selected) and project plan.
  • Starting the development process, including data collection, processing, and UI/UX design.

MY BACKGROUND:

Our team, @benddaodata, 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 BendDAO community through the BendDAO Protocol 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.

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