GIP-67: Should GnosisDAO fund Gnosis (chain) Ecosystem Analysis and Dashboard?

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GIP-67: Should GnosisDAO fund Gnosis (chain) Ecosystem Analysis and Dashboard?

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GIP: 67
title: Should GnosisDAO fund Gnosis(chain) Ecosystem Analysis and Dashboard?
author: Luuk  (@LuukDAO](https://twitter.com/LuukDAO)), Lavi ([@Lavi54](https://twitter.com/Lavi_54)), Salome ([@SalomeBernhart](https://twitter.com/SalomeBernhart))
status: Draft
type: Grant / Funding
created: 2022-09-27

Simple Summary

To create an in-depth Ecosystem Report and Live Ecosystem Dashboard that helps attract new resources to Gnosis and improve resource coordination among existing stakeholders.

Abstract

To improve resource coordination and allocation within the Gnosis ecosystem, GnosisDAO should fund the creation of a curated overview and ecosystem dashboard. This will improve navigation of the Gnosis ecosystem and fast-track decision-making (such as investments, grants, partnerships, business development, and more). A curated Gnosis overview based on an in-depth analysis of its key players will strongly improve the UX and navigation of projects building on the Gnosis chain.

Motivation

The Gnosis ecosystem evaluation and dashboard aim to improve UX for new joiners and longstanding contributors. It will speed up decision-making and coordination by improving the navigation of the space through a curated ecosystem overview. This will also enable new features, such as sorting all projects by a rating score. Thus users can easily find projects that fulfill their needs and match their level of interest or risk appetite.

Making it easier for Gnosis stakeholders to understand and navigate all projects on Gnosis will save a lot of time and resources related to due diligence and decision-making.

The report and dashboard can also be used as a starting point for a potential GnosisDAO Ecosystem Fund or any other Grants/Builder program. Moreover, it can be used as a benchmark to follow the developments and improvements and uncover gaps.

Specification

The program will start with an ecosystem mapping and methodology improvement facilitated by two top-raters of Prime Rating (rank Master or higher). An updated version of the current review framework will be made to match the Gnosis context, and a list of all projects on Gnosis with research priorities will be created.

After the pre-research, the Prime Rating team will host two seasons (rating contests) in collaboration with Gnosis community members to evaluate at least 40+ projects on Gnosis. During these events, analysts can get rewarded with DAI, GNO, and D2D for reviewing the Gnosis ecosystem.

From this research, two resources will be created, namely:

  1. An Ecosystem Report - An easily digestible report that showcases the existing ecosystem (from tech to projects built on the Gnosis chain and identifies potential areas for improvement to expand the ecosystem). The report can be used by users, builders, and funders alike to speed up their decision-making.

  2. The Gnosis Dashboard - A web application that provides an overview of all projects on Gnosis that can be reviewed using our methodologies with a letter score based on a proven methodology, analyzing the quality of key attributes of each project (including team, governance, tokenomics, value-proposition and more). The Dashboard will be tailored to Gnosis and hosted on a Gnosis-native domain. An example of a dashboard can be found here.

Review Methodology and Process
The project will be executed by Prime Rating, an analyst collective with over 50+ contributors that operates as an independent sub-DAO of PrimeDAO. Since early 2021, Prime Rating has created multiple frameworks to evaluate projects and ecosystems with over 200+ reports created by 60+ individuals and successful projects executed with Celo, 1kx, Kyber, and Metaportal. It has a partnership with leading research group DeFi Safety which provides the technical review, whereby Prime Rating focuses primarily on the fundamental side.

Prime Rating operates as a DAO - where reports are created by analysts and reviewed by experienced DAO members in a Web 3.0 native way - allowing for native ecosystem members to learn, level up, and earn rewards. Analysts in Prime Rating earn a rank by successfully submitting reports accepted via governance, which is manifested as on-chain reputation, thus representing their experience.
The current review framework includes DeFi, Metaverse, and ReFi and provides deep insights into the reviewed projects. This is then translated into a letter score, representing the overall quality of a project.

Implementation

Timeline and Budget

  1. Within 4 weeks of this proposal passing, the top raters of Prime Rating (rank Master or higher) will create an ecosystem map to ensure a clear overview of the current Gnosis ecosystem. Based on this preliminary research, an updated version of the current review framework will be made to match the Gnosis context, and a list of all projects on Gnosis with research priorities will be created.
  2. Within 12 weeks of the completion of the pre-research, the Prime Rating team will host two seasons (each 5-week long rating contests) with existing raters and Gnosis community members to analyze at least 40+ projects building on Gnosis. During these events, analysts can get rewarded with DAI, GNO, and D2D for reviewing the Gnosis Ecosystem.
  3. Within 4 weeks of the completion of the events, the Prime Rating team will create a live dashboard similar to the current Rating Dashboard to be hosted on a Gnosis native domain such as ecosystem.gnosis.io
  4. Within 6 weeks of the completion of the rate-athons, the top raters will create, design, and publish an ecosystem report with key insights gained during reviewing the projects.

GnosisDAO will provide 58,500 DAI + 400 GNO to Prime Rating to run the full program within 18 weeks of this proposal passing. Received funds to be managed by the Prime Rating multisig at primerating.eth. Rewards to be allocated on Gnosis Chain.

Fund Allocation Details
Below is a breakdown of the expected spending of the budget based on previous campaigns.

  • Preliminary research phase: 8,000 DAI + 40 GNO for three weeks of research by two top raters.
  • Rating Season: 15,500 DAI + 200 GNO to be distributed to analysts and reviewers (expected to be split between 15+ individuals)
  • Ecosystem Report: 10,000 DAI + 60 GNO for four weeks of research by two high-level raters
  • Dashboard: 7,500 DAI + 25 GNO to design, develop and host the Ecosystem Dashboard on a Gnosis native domain.
  • Program Management: 12,500 DAI + 75 GNO for 5 weeks of program management
  • Marketing: 5,000 DAI to support marketing and design efforts and purchase media to support the rate-athon and report.

Total: 58,500 DAI + 400 GNO

All rewards will be allocated on Gnosis Chain to promote usage.

Resources

5 Likes
2

With Gnosis Chain aiming to become a real competitive blockchain, having some extra eyes and attention on the ecosystem will be great
PrimeRating has a good track record and PrimeDAO and Gnosis as partners as well :+1:

2 Likes
3

Looking at your dashboard I am convinced this will be a valuable resource for newcomers to gnosis chain. What I would be happy about, if you could add some estimation of follow up costs, as this will need continuous work to keep it up to date beyond the 18 weeks. Even if this don’t have to be included in the proposal it would be nice to have a number to calculate with regard to future expenses.

4 Likes
4

I do like this and can certainly see the value it would add to Gnosis Chain. I’ll participate in the rating season as a reviewer if there is space.

5 Likes
5

Hey Refri,

Good question! It would indeed be valuable to continue updating the Dashboard post this proposal. We did some quick calculations of the approximate deliverables and costs for maintenance based on Quarterly proposals.

The minimum per Quarter to keep the Dashboard up to date: Making sure every project report is updated at least once every 6 months, adding new ecosystem players, and updating/maintaining the Dashboard would come down to about: - 18,000 DAI + 165 GNO

  • 6,000 DAI + 25 GNO for ongoing Project Management
  • 7,500 DAI + 125 GNO for Rating Seasons - the costs are lower than the initial rating seasons as multiple projects would only need to be updated (lower costs to rate and review), and the methodology has already been created.
  • 4,500 DAI + 15 GNO to maintain the Ecosystem Dashboard and make small optimizations

If proven valuable, I think there is merit in having at least 1 Ecosystem Report published every year + potentially having specific niche research programs (for example, DeSci on Gnosis). These costs are a bit harder to predict but would be comparable to the current Preliminary research + Ecosystem Report costs.

4 Likes
6

Thanks for laying this out.

While in my opinion the cost’s for your initial proposals seems resonable, I am not sure about the maintenance costs. If the initial reviewer checks for eventual updates every quarter and most likely don’t have to modify much, 18.000 DAI + 165 Gno per quarter seems a bit much to me. Annualized this would be more as the initial cost.

I would expect a yearly maintenance fee clearly below (maybe 25%?) the setup fee, even in the fast moving crypto space.

2 Likes
7

The costs would largely depend on the following factors: # How much new innovation there is in the Gnosis Ecosystem and # How deep and “live” we want the dashboard to be. If growth stagnates and we only have a handful of new projects every quarter and minor changes to existing projects, the costs would be much lower!

The initial outline I provided is a semi-bullish scenario. If we take a more bearish estimation, I think the costs could go down as low as;

  • 3,000 + 15 GNO for on-going management and support
  • 5,000 + 70 GNO for Rating Season using the existing methodology and updating projects at least every 6 months
  • 3,000 DAI + 15 GNO to maintain the Ecosystem Dashboard

For a total of about $11,000 + 100 GNO = about 23% of the initial costs. We could even push it lower if we are willing to stretch the timeframe in which we want a project to be evaluated too, for example, 12 months instead of 6 - this could cut costs further by about 30%.

I hope we end with a semi-bullish scenario where we can continue to provide excellent and up-to-date reports, cornerstone ecosystem content, and new niches and methodologies; however, the bare minimum is also doable from our side, depending on Gnosis Ecosystem needs!

Thanks for taking the time to ask the right question; happy we’re touching on these points early on.

5 Likes
8

Thanks for this, makes me feel much more comfortable. Will surely give my small stake of votes for it.

2 Likes
9

The proposal has been up for vote for almost 5 days now with 99.5% FOR votes - however, we’re at the risk of seeing the proposal fail due to the quorum. Kindly asking #GNO stakeholders to cast their votes!

https://snapshot.org/#/gnosis.eth/proposal/0x8d79d7db03736acf31af752efa45ef49106afbf7b7ecc174d839811fa5281b57

3 Likes
10

yes, unfortunately participation of the big fish is a bit disappointing.