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- Source: inbox/archive/2024-07-01-futardio-proposal-fund-artemis-labs-data-and-analytics-dashboards.md - Domain: internet-finance - Extracted by: headless extraction cron Pentagon-Agent: Rio <HEADLESS>
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2.1 KiB
Markdown
31 lines
No EOL
2.1 KiB
Markdown
---
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type: claim
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domain: internet-finance
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description: "Neutral third-party data infrastructure addresses trust and comparability problems in protocol metrics"
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confidence: likely
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source: "Artemis Labs proposal to Drift DAO, 2024-07-01"
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created: 2024-07-01
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---
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# Open-source crypto data platforms solve protocol benchmarking and historical tracking gaps that fragmented sources cannot address
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Artemis Labs identifies four specific gaps in crypto data infrastructure:
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1. **No clear benchmarking**: Protocols lack standardized metrics for comparing health across comparable systems (e.g., perpetual trading protocols)
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2. **No comprehensive single source**: Capital allocators and developers cannot find all relevant metrics for a protocol in one place
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3. **No historical tracking**: Protocol metrics lack time-series data showing how liquidity, fees, and user behavior evolve
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4. **No granular user metrics**: Missing data on average deposit size, exchange volume per user, and user composition
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The proposal argues this matters because "open and trusted fundamental metrics are an important tool for everyone in crypto." Developers use metrics to choose ecosystems to build on, and capital allocators use them to make investment decisions. The proposal states: "the crypto space is becoming more sophisticated and there isn't a single go-to source for all Drift metrics that matter."
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Artemis's solution combines three elements: (1) open-sourcing all dashboards so "the community can screenshot and use for whatever they need," (2) committing to GitHub-based issue resolution "in a timely manner," and (3) providing higher-fidelity data refresh rates (every 6 hours vs. 24 hours) shared publicly.
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This suggests that as crypto protocols mature beyond simple TVL metrics, the inability to benchmark and track historical performance creates a real friction point for capital allocation that open-source, neutral infrastructure can address.
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---
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Relevant Notes:
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- [[stablecoin flow velocity is a better predictor of DeFi protocol health than static TVL because flows measure capital utilization while TVL only measures capital parked]]
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Topics:
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- [[internet-finance]] |