[Proposal] Flipside Community Console for Mirror Protocol


Link to full proposal

Flipside Community Console for Mirror Protocol
February 2021

Proposal is now live at https://terra.mirror.finance/gov/poll/70


3 DIFFERENTIATORS THAT DISTINGUISH FLIPSIDE FROM OTHER ANALYTICS PROVIDERS

  1. Data Magicians - Our team of data scientists have labeled 60 million + addresses across 50+ chains, track 27 million addresses everyday, and have identified 385 unique exchanges using our proprietary on-chain modelling and behavioral analysis.

  2. Analytics Leaders - We’ve partnered with many leading projects and analyzed over 55 chains, including Terra, Cosmos, NEAR, Dapper Labs, USDC, EOS, Algorand, Kava, Ethereum and many others.

  3. Visual Ninjas - We excel at helping ecosystems clarify their data in visually compelling ways that lead to meaningful insights and outcomes for the network - enhancing marketing, community growth, developer outreach, internal strategy, business KPIs, and more. See examples here: Terra, NEAR, Algorand.


COMMUNITY CONSOLE FOR MIRROR PROTOCOL | TERRA & ETHEREUM

WHAT IS A COMMUNITY CONSOLE?

As the Mirror ecosystem seeks to gain new users, attract new liquidity, list new mAssets, and expand its reach to new networks, it is becoming increasingly important that the protocol showcase key on-chain metrics to help drive its core value prop to the market.

Flipside’s Community Consoles are real-time analytics dashboards designed to support this mission, making on-chain data visually compelling and easy to understand.

Consoles are designed to support growth by enabling protocols to assess performance and learn which specific activities are benefiting the ecosystem.

See Terra’s Community Console here.

WHAT WILL BE IN IT?

Flipside has worked closely with Stanford (@sihyeok), Joe (@thisisjoe), and Aayush (@AG_1000) to outline key cross-chain metrics that will be showcased for:

  • Terra
  • Ethereum
  • Plans for BSC and other networks to follow - will work directly with Stanford on new integrations

Metrics will be provided at an:

  • Aggregate-level
  • Per network
  • Per asset (including all MIR & all mAssets where relevant)
  • As cross-chain comparatives

Metrics for both Terra & Ethereum activity are as follows:

WHAT WILL IT LOOK LIKE?

Here is a wireframe of the Mirror protocol Community Console:

Link to full mockup

CURRENT FLIPSIDE & TERRA PARTNERSHIP | COMMUNITY CONSOLE

Flipside and Terra have a strong existing partnership, having built the current Terra Community Console. You can view the console here:

terra.flipsidecrypto.com

Additionally, the teams have collaborated on a series of joint marketing initiatives including:

CONSOLE BENEFITS TO MIRROR PROTOCOL

  • Increased Liquidity by driving interest in the protocol
  • Better Cross-Chain Insights for mAsset and MIR asset holders
  • New User Acquisition by showcasing network KPIs
  • Enhanced Network Accessibility through transparency
  • Accelerated developer interest for integrations by instilling market confidence
  • Improved business acumen by focusing on the most important network metrics
  • Effective marketing with real-time data and compelling visualizations

CONSOLE TIMELINE & DEVELOPMENT

TIMELINE

  • Scoping: Completed with Stanford (@sihyeok) and Joe (@thisisjoe)
  • Phase I: Delivered March 31, 2021 - rollout of Supply & Usage metrics on Ethereum & Terra
  • Phase II: Delivered April 30, 2021 - rollout of more Economics (TVL, Liquidity) on Ethereum & Terra

DEVELOPMENT HOURS

As each implementation varies, these are estimates from previous integrations.

  • Data Pipeline & Ingestion - 100 hours
  • Data Integrity & Scrubbing - 75 hours
  • Data Science On-Chain Analysis - 125 hours
  • Front-End Infrastructure Support - 75 hours
  • Visualization production - 50 hours

DEVELOPMENT GRANT

Full console production includes:

  • Node infrastructure support and maintenance
  • Data pipeline to backend infrastructure
  • Data Science analysis of asset flows and stakeholder behaviors
  • Front-end pipeline infrastructure
  • Front-end visualization production
  • Data Integrity checks
  • Pipeline maintenance
  • Front-end visualization support

Overall cost for setup is 21,360 MIR - includes 2 years of active maintenance, updating, and support beginning from console launch.

Grant funding will be issued in installments:

  • 10,680 MIR if the proposal passes.
  • 10,680 MIR when full console is delivered.

FINAL DELIVERABLE

The final deliverable will consist of:

  • Dedicated, public console available at mirror.flipsidecrypto.com
  • Real-time data and always on visualizations
  • Co-marketing with Mirror team for console launch and associated media placements (previous clients have been featured in CoinMarketCap, CoinTelegraph, The Block, The Street, Hackernoon, and others)

ADDITIONAL CLIENT WORK

Flipside has deep experience working with leading teams in the industry to produce Consoles and Data Cooperative dashboards. These include:

(As well as many others)

ABOUT FLIPSIDE

Flipside Crypto helps blockchain projects live up to their full potential. Our proprietary Chainwalking process, integrated into over 55 chains, extracts all on-chain data and applies labels to transactions in order to identify on-chain behaviors.

Our data is streamed into business intelligence dashboards, providing a clear view of real-time stakeholder behaviors and all token flows. These dashboards are made public through Community Consoles and the Data Cooperative.

Flipside Crypto is led by a team of experienced technology entrepreneurs. It’s backed by Galaxy Digital Ventures, True Ventures, Founder Collective, Coinbase Ventures, Digital Currency Group, Avon Ventures (a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments) and other investors.

FEEDBACK

Please provide any feedback you have for our team below - this is meant to be a community resource and we want to hear from you!

We are extremely excited to support the Mirror ecosystem and look forward to growing together!

CONTACT

For questions, please contact Avi Meyers from Flipside Crypto via email (avi@flipsidecrypto.com) or Telegram (@avimeyers)

3 Likes

Glad to have you guys work on Mirror after finishing the Terra dashboard. Really high quality proposal and presentation :smiley:

1 Like

Thanks so much! We’re super excited to help support Mirror’s growth.

Excited to see new type of data that the community have been waiting to see, such as price and TVL historical data!

1 Like

Thanks @thisisjoe! Lots of cool data to explore.

Hi all! Our proposal is now live for voting here: https://terra.mirror.finance/gov/poll/70 - please vote “Yes” as we are very excited to support such an awesome team & community.

Wouldn’t that be a duplicate of this proposal Mirror ?

Hey @cryptoDoggyBanana, thanks for the question! It looks like there is a bit of overlap in the metrics, but we are also providing full-breadth of asset coverage, enterprise-level interactive visualizations, extensive reach and exposure for the protocol through dashboard viewership increasing user acquisition & liquidity, joint marketing & media direct with the Mirror & Terra teams (our channels cover Cointelegraph, CMC, CoinDesk, The Block, & more), as well as a full team of over 20 data scientists and engineers to support the partnership moving forward. We’re coming in to support Mirror for the long haul!