Over the past few months MetricsDAO has achieved tremendous growth and has undergone significant changes. In October 2021, MetricsDAO was launched as a small group of data enthusiasts simply interested in exploring blockchain data and applying traditional data science methods to the world of Web3. Nine months later, we have become an immersive DAO of over 2500 members, 200 active analysts, 20 contributors, and a core mission to deliver industry leading on-demand analytics.
Season 1 was filled with many milestones, including 922 completed bounty submissions, collaborations with leading protocols such as Aave, Near, and Uniswap, and industry leaders like Messari. In total, over $60,000 was paid out to 165 analysts.
Season 2 is now upon us, and we’re excited to continue building and share some news.
Our mission this season is to develop a best-in-class Web3 analytics program that can be utilized to increase community engagement, contribute to thought leadership throughout the space and leveraged to run all partnership activities through it. Ultimately, this will enable MetricsDAO to develop a fully automated process in which any protocol can submit a question and receive robust on-demand answers from an ever-growing community of data experts. In turn, this will create a flywheel in which partners will be incentivized to distribute more rewards to MetricsDAO in order to seamlessly receive powerful analytics in response to their queries.
Our 3-step Analytics Program is free for any analyst to participate in, and actively looking for partners to work with. The program is designed and developed by some of the best analytical minds in the space, and is intended for users of all levels of experience. Our goal is to help prepare you for a journey into the deepest of blockchain data. The core of this program will be to facilitate community engagement and education, generate impactful insights, and onboard the next generation of Web3 analysts into MetricsDAO and beyond. We’ll also include peer review sessions to ensure that our members are developing quality content and to actively promote the best work being done. Part of this effort will be supported by our Mentor’s Circle, a cohort of data scientists and analysts throughout the industry who will hold office hours and host workshops throughout the season.
On July 15th we launched $xMETRIC, a non-transferrable token that enables users to earn rewards for engaging in some of the core functions of MetricsDAO, including launching a bounty, submitting a bounty, and reviewing a submission. $xMETRIC will also allow us to test how we can best utilize our native token to grow the ecosystem and improve meaningful participation. Overall $xMETRIC will incentivize more community participation, better output, and enable our members to be rewarded for their contributions more effectively.
On August 1st we will be launching a 3-step course on blockchain analytics. Designed and developed by some of the best analytical minds in the space, this course is for users of all levels of experience and will help prepare you for a journey into the deepest of blockchain data. The core of this program will be to facilitate community engagement and education, generate impactful insights, and onboard the next generation of Web3 analysts into MetricsDAO and beyond. We’ll also include peer review sessions to ensure that our members are developing quality content and to actively promote the best work being done.
Finally, we have implemented a new organizational structure to more effectively consolidate pods and make navigating the DAO much easier. This structure now includes about 50 core contributors, 30 operational contributors, 12 data curators, and 9 council members. We believe that this new structure will help onboard new members with less friction and streamline the engagement throughout the entire DAO. Moreover, we are onboarding a new full-time Business Development Lead who will create new opportunities and develop strategies to help drive the long term success of MetricsDAO and ensure that we are well positioned through any market downturn.
We’re extremely excited to share these updates with you and look forward to kicking off Season 2. Stay tuned!