Proposal to integrate Footprint Data Analytics with IDLE

🗂 Proposals 📑 Formal Proposals
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Summary

Footprint is a powerful yet easy-to-use analytics tool to uncover and visualize blockchain data

The team consists of an experienced team of DeFi enthusiasts with diverse backgrounds, including smart contract developers, consumer internet product designers, investment managers from the banking industry, and risk modeling practitioners

Footprint is committed to transforming data and information into actionable insights, to find value in every movement

Proposal

  1. This proposal advocates for providing a real-time dashboard on IDLE
  2. This proposal advocates for recommending IDLE users trying to create dashboards and queries, to develop analytical thinking, and discuss the platform development scientifically

At first, Footprint will provide a real-time dashboard for IDLE users. Not in a normal way relying on API only, using Bitquery and Airflow, Footprint built three commonly used modules, through conducting protocol-decoding and figuring out input and output of each pool, and analyze events behind pools. Footprint can provide automated, intelligent data integrity & data quality verification mechanisms. The system can automatically check the data before data entry, timely warning, and automatic repair

Then, Footprint will be a tool that existing IDLE users can use. IDLE users build out their own dashboards and intensify interest and loyalty towards DeFi and IDLE

Reason

Users can understand and analyze the real-time data of IDLE and build confidence in the IDLE ecosystem

Footprint can help members of the IDLE community to promote their analytical thinking and properly distribute their assets

Analyze Pool reports to obtain deeper insight data, optimize DAO’s investment management strategy, and maximize the return of the platform’s investment strategy

Result

Footprint provides customized dashboards to promote the development of the IDLE ecosystem and serve users

Everyone can be a project analyst and contribute insights to IDLE and DeFi industry

You can talk with us on Discord and know more about Footprint!

3 Likes
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Hi @Lesley thanks for the proposal, I’m always keen to provide more insightful data for our community about $IDLE, Idle Protocol, and Idle DAO.

Just to better understand your proposal, what metrics would you include in this real-time dashboard on $IDLE? What are the insights that you would like to provide to our community?

4 Likes
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I prefer to talk about it deeper with more users and also the team, about the data metrics and also the organization of the dashboard. Our aim is to make IDLE better together.
In my mind, there are some metrics that can be achieved.

  1. Basic Information
    Overall overview of assets
    Users
    Tokens
    Returns
  2. Platform specific indicators
    Reblancer-related data
    Overview of the tokens
  3. Realisation of the platform’s deeper needs
    Liquidity
    Risk monitoring
3 Likes