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MetricsDAOBounty Review Process Overview
Bounties form a big part of MetricsDAO’s mission to deliver high-quality analytics solutions. As our partners rely on accurate, timely, and informative analytics, it is important that MetricsDAO evaluates bounty submissions according to a specific set of criteria. These are Accuracy & Completeness, Insights, Visualizations, and Definitions. Submissions that get decent scores in these criteria are qualified to receive bounty payouts. Those that get a perfect score are then entitled to the gran...
MetricsDAOGoldfinch Deep Dive
SummaryGoldfinch is a decentralized credit platform that enables loans without requiring on-chain collateral. This novel approach increases access to capital and expands the crypto lending market to users that otherwise would not have sufficient on-chain assets to qualify for a loan. Goldfinch’s “trust through consensus” mechanism allows lenders to directly evaluate the creditworthiness of potential borrowers, supporting but removing the need for on-chain collateral. Ultimately, this creates ...
MetricsDAOIntroducing: MetricsDAO
Uniting the best analytical minds in the space to build the future of crypto analytics. Join MetricsDAO on DiscordThe DAO MissionThe purpose of MetricsDAO is to empower analytical minds and enable blockchains and protocols to succeed. It's critical for blockchains and all ecosystem participants to have the data, insights, visualizations and metrics that enable an active, educated and informed community. MetricsDAO will provide the framework for insights to be delivered on-demand and as-n...
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MetricsDAOBounty Review Process Overview
Bounties form a big part of MetricsDAO’s mission to deliver high-quality analytics solutions. As our partners rely on accurate, timely, and informative analytics, it is important that MetricsDAO evaluates bounty submissions according to a specific set of criteria. These are Accuracy & Completeness, Insights, Visualizations, and Definitions. Submissions that get decent scores in these criteria are qualified to receive bounty payouts. Those that get a perfect score are then entitled to the gran...
MetricsDAOGoldfinch Deep Dive
SummaryGoldfinch is a decentralized credit platform that enables loans without requiring on-chain collateral. This novel approach increases access to capital and expands the crypto lending market to users that otherwise would not have sufficient on-chain assets to qualify for a loan. Goldfinch’s “trust through consensus” mechanism allows lenders to directly evaluate the creditworthiness of potential borrowers, supporting but removing the need for on-chain collateral. Ultimately, this creates ...
MetricsDAOIntroducing: MetricsDAO
Uniting the best analytical minds in the space to build the future of crypto analytics. Join MetricsDAO on DiscordThe DAO MissionThe purpose of MetricsDAO is to empower analytical minds and enable blockchains and protocols to succeed. It's critical for blockchains and all ecosystem participants to have the data, insights, visualizations and metrics that enable an active, educated and informed community. MetricsDAO will provide the framework for insights to be delivered on-demand and as-n...
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Stellar Submissions is a series of articles by MetricsDAO wherein we highlight bounty submission best practices by showcasing the grand prize winners of our bounty programs. Our goal with this is to sharpen the skills of on-chain analysts and raise the overall quality of bounty submissions.
In this edition of Stellar Submissions, we will put the spotlight on the grand prize winners of our Harmony Bounty Program.
1. Quality Transaction Visualizations
Dashboard: Harmony Transactions
Author: poogoo (aka Karl Lee)
In this analysis of Harmony transactions, poogoo shows multiple key findings in their dashboard such as the average transaction count per day (~3 million since early Dec. 2021) and the average transaction value over time (< 100 ONE/transaction since mid-Jan. 2022).
What makes this submission stand out is the author’s effective use of visualizations. The charts used are simple and straight to the point, helping the reader focus on the findings. The dashboard also allows for some interaction by the reader such as chart zooms and tool tips, allowing the reader to further dig into the analysis. It is a great example of keeping things simple while maximizing the impact of the insights.
Given this, poogoo is able to clearly show that as of the time of the analysis, there is no clear correlation between Harmony’s transaction volumes and the price of its native asset, $ONE.
You can view poogoo’s full dashboard here.
2. Driving the Narrative
Dashboard: Failed Transactions on the Harmony Network
Author: J.Hackworth
In his submission, J.Hackworth explores the transactions on the Harmony blockchain. He specifically dives into the failed transactions and the possible reasons behind them.
What makes this submission great is the narrative. The author first poses a question to the reader that while Harmony has a growing user base, “will the network be able to scale effectively?” This sets the context and gives an overall purpose to the analysis as scaling would entail keeping failure rates in check and ensuring overall transaction throughput.
Another thing worth pointing out is his ability to use both a zoomed-in and macro-level perspective to drive overall the context. He starts off with high level metrics such as success rates and daily transaction volume wherein he discovers a declining trend in success rates. The analysis then zooms into possible reasons why by looking closely at the behavior of certain addresses and their individual failure rates.
Finally, J.Hackworth compares Harmony to other blockchains such as Ethereum and Solana. This allows the reader to get a fuller view as to the significance of these transaction metrics by looking within Harmony and across the other chains as well. This all ties neatly to the analysis’ overall narrative.
If you are curious to find out more, explore the full analysis here or reach out to J.Hackworth on Twitter (@jphackworth42).
3. Sharing a Clear Methodology
Dashboard: Most Popular Tokens on Harmony
Author: Adria Parcerisas
You might remember Adria from the first edition of Stellar Submissions wherein he analyzed the relocking behavior of vlCVX holders. For this bounty program, he explores the most popular tokens on the Harmony blockchain.
With bounty submissions, it is important that the audience, whether readers or reviewers, can verify the accuracy of the data used. Reviewers specifically need to be able to check the correctness of the analysis and assign a proper grade. Meanwhile, the most critical of readers would want to assess the data for themselves. The author makes this convenient by laying out his methodology at the beginning of the analysis. He also describes each chart to guide the reader.
As analysts who are closely familiar with the data, it is easy to assume that the readers know what we know. However, that is not always the case. Adria shows that just as it is important to explain what the findings are, it is crucial to also share how these findings were discovered in the first place.
Check out Adria’s analysis of the most popular Harmony tokens here.
4. Letting Curiosity Lead
Dashboard: Bridging to Harmony… Then What?
Author: Chain Iq Edu
Chain Iq Edu is another returning analyst in Stellar Submissions and it is easy to see why. This time he analyzes the bridging transactions to Harmony. He then explores what users do next after bridging their assets.
This submission is another excellent example of letting one’s curiosity lead which allows for a more insightful analysis. The author first shows the number of bridging transactions and then dives into the nature of these transactions, which answer the main bounty questions.
However, he does not stop there as he also discovers how long users wait to do their first action after bridging their assets. This leads to an interesting finding that most transactions happen within the first two hours of bridging. If no action is done within that time frame, the user is more likely to wait 24 hours to do their first action after bridging.
Given the relative complexity of this analysis, the author also takes the time to explain his approach to the bounty questions and his methodology. All of these deliver much richer insights to the reader and a more comprehensive view on the bridging transactions on Harmony.
If you want to dive in deeper, check out the full analysis here, wherein Chain Iq Edu also explores bridge transactions between Terra and Harmony.
Context is key
A clear context sets the tone of the analysis and it also helps build the overall narrative. The narrative brings everything together in a bounty submission. As such, it is important the context is clear from the beginning of the analysis to help guide the reader.
Explain your methodology
Doing the analysis itself takes a lot of effort so having to still explain how the analysis was done can be tedious. However, one should keep in mind that explaining the methodology further enriches the analysis as well, especially when things get more complex. If the building blocks of the complex analysis are clear to the reader, then the overall insight becomes easier to understand.
Be curious
As mentioned earlier, bounty submissions take a lot of effort. It takes full comprehension of the topic at hand so it is understandable to just conclude the analysis once the main requirements have been fulfilled. However, sometimes related questions arise from the back of your mind as you go through the analysis. Chances are there is someone out there too with the same question so why not feed your curiosity? If you are able to address these peripheral questions, it will go a long way in adding more value to your overall analysis.
Bonus: On one hand, you can make a qualified submission specifically addressed to reviewers in the context of a bounty program and that is okay. On the other hand, you can also make a more general purpose analysis that is addressed to a wider audience. Both are perfectly fine. However, it can be argued that the latter delivers more value since it appeals to more people. This is something worth considering given your goals as an analyst.
Check out the currently active bounty programs by MetricsDAO here and stay tuned for the next set of Stellar Submissions.
—
Want to share your own tips and best practices? Maybe you are ready to participate in a bounty program? Hop on over to the MetricsDAO Discord or follow us on Twitter to find out more.
Stellar Submissions is a series of articles by MetricsDAO wherein we highlight bounty submission best practices by showcasing the grand prize winners of our bounty programs. Our goal with this is to sharpen the skills of on-chain analysts and raise the overall quality of bounty submissions.
In this edition of Stellar Submissions, we will put the spotlight on the grand prize winners of our Harmony Bounty Program.
1. Quality Transaction Visualizations
Dashboard: Harmony Transactions
Author: poogoo (aka Karl Lee)
In this analysis of Harmony transactions, poogoo shows multiple key findings in their dashboard such as the average transaction count per day (~3 million since early Dec. 2021) and the average transaction value over time (< 100 ONE/transaction since mid-Jan. 2022).
What makes this submission stand out is the author’s effective use of visualizations. The charts used are simple and straight to the point, helping the reader focus on the findings. The dashboard also allows for some interaction by the reader such as chart zooms and tool tips, allowing the reader to further dig into the analysis. It is a great example of keeping things simple while maximizing the impact of the insights.
Given this, poogoo is able to clearly show that as of the time of the analysis, there is no clear correlation between Harmony’s transaction volumes and the price of its native asset, $ONE.
You can view poogoo’s full dashboard here.
2. Driving the Narrative
Dashboard: Failed Transactions on the Harmony Network
Author: J.Hackworth
In his submission, J.Hackworth explores the transactions on the Harmony blockchain. He specifically dives into the failed transactions and the possible reasons behind them.
What makes this submission great is the narrative. The author first poses a question to the reader that while Harmony has a growing user base, “will the network be able to scale effectively?” This sets the context and gives an overall purpose to the analysis as scaling would entail keeping failure rates in check and ensuring overall transaction throughput.
Another thing worth pointing out is his ability to use both a zoomed-in and macro-level perspective to drive overall the context. He starts off with high level metrics such as success rates and daily transaction volume wherein he discovers a declining trend in success rates. The analysis then zooms into possible reasons why by looking closely at the behavior of certain addresses and their individual failure rates.
Finally, J.Hackworth compares Harmony to other blockchains such as Ethereum and Solana. This allows the reader to get a fuller view as to the significance of these transaction metrics by looking within Harmony and across the other chains as well. This all ties neatly to the analysis’ overall narrative.
If you are curious to find out more, explore the full analysis here or reach out to J.Hackworth on Twitter (@jphackworth42).
3. Sharing a Clear Methodology
Dashboard: Most Popular Tokens on Harmony
Author: Adria Parcerisas
You might remember Adria from the first edition of Stellar Submissions wherein he analyzed the relocking behavior of vlCVX holders. For this bounty program, he explores the most popular tokens on the Harmony blockchain.
With bounty submissions, it is important that the audience, whether readers or reviewers, can verify the accuracy of the data used. Reviewers specifically need to be able to check the correctness of the analysis and assign a proper grade. Meanwhile, the most critical of readers would want to assess the data for themselves. The author makes this convenient by laying out his methodology at the beginning of the analysis. He also describes each chart to guide the reader.
As analysts who are closely familiar with the data, it is easy to assume that the readers know what we know. However, that is not always the case. Adria shows that just as it is important to explain what the findings are, it is crucial to also share how these findings were discovered in the first place.
Check out Adria’s analysis of the most popular Harmony tokens here.
4. Letting Curiosity Lead
Dashboard: Bridging to Harmony… Then What?
Author: Chain Iq Edu
Chain Iq Edu is another returning analyst in Stellar Submissions and it is easy to see why. This time he analyzes the bridging transactions to Harmony. He then explores what users do next after bridging their assets.
This submission is another excellent example of letting one’s curiosity lead which allows for a more insightful analysis. The author first shows the number of bridging transactions and then dives into the nature of these transactions, which answer the main bounty questions.
However, he does not stop there as he also discovers how long users wait to do their first action after bridging their assets. This leads to an interesting finding that most transactions happen within the first two hours of bridging. If no action is done within that time frame, the user is more likely to wait 24 hours to do their first action after bridging.
Given the relative complexity of this analysis, the author also takes the time to explain his approach to the bounty questions and his methodology. All of these deliver much richer insights to the reader and a more comprehensive view on the bridging transactions on Harmony.
If you want to dive in deeper, check out the full analysis here, wherein Chain Iq Edu also explores bridge transactions between Terra and Harmony.
Context is key
A clear context sets the tone of the analysis and it also helps build the overall narrative. The narrative brings everything together in a bounty submission. As such, it is important the context is clear from the beginning of the analysis to help guide the reader.
Explain your methodology
Doing the analysis itself takes a lot of effort so having to still explain how the analysis was done can be tedious. However, one should keep in mind that explaining the methodology further enriches the analysis as well, especially when things get more complex. If the building blocks of the complex analysis are clear to the reader, then the overall insight becomes easier to understand.
Be curious
As mentioned earlier, bounty submissions take a lot of effort. It takes full comprehension of the topic at hand so it is understandable to just conclude the analysis once the main requirements have been fulfilled. However, sometimes related questions arise from the back of your mind as you go through the analysis. Chances are there is someone out there too with the same question so why not feed your curiosity? If you are able to address these peripheral questions, it will go a long way in adding more value to your overall analysis.
Bonus: On one hand, you can make a qualified submission specifically addressed to reviewers in the context of a bounty program and that is okay. On the other hand, you can also make a more general purpose analysis that is addressed to a wider audience. Both are perfectly fine. However, it can be argued that the latter delivers more value since it appeals to more people. This is something worth considering given your goals as an analyst.
Check out the currently active bounty programs by MetricsDAO here and stay tuned for the next set of Stellar Submissions.
—
Want to share your own tips and best practices? Maybe you are ready to participate in a bounty program? Hop on over to the MetricsDAO Discord or follow us on Twitter to find out more.
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