This proposal aims to develop Nexus Mutual Protocol Analytics, a comprehensive system that provides real-time analytics, reporting, and insights for the Nexus Mutual community. By delivering key metrics, market trends, coverage analysis, governance updates, and other important information, this solution aims to empower Nexus Mutual users and foster active participation within the community.
Background and Context:
Nexus Mutual is a thriving decentralized protocol. As the Nexus Mutual ecosystem continues to grow, there is a need for reliable and accessible analytics and reporting tools. This proposal seeks to address this need by providing users with valuable data and insights that will improve coverage strategies and encourage deeper engagement within the Nexus Mutual community.
While the current statistics provide valuable information for Nexus Mutual users within the platform, our system offers a unique approach to engage and market to users outside of the Nexus Mutual community. By providing the statistics directly on various platforms, we can reach a wider audience and potentially attract new users who may not be familiar with Nexus Mutual. This differentiates our solution from the data displayed on dashboards, as it focuses on expanding the user base and increasing engagement beyond the existing community.
The Nexus Mutual Protocol Analytics system will be developed using Python for backend development and Vue JS/Typescript for frontend implementation. The system will leverage smart contract data, coverage information, transaction history, and other relevant metrics to generate meaningful reports and visualizations.
Key features of the proposed system include:
- Real-time Market Analysis: Providing users with up-to-date information on coverage utilization, claims activity, token prices, and other market indicators.
- Governance Insights: Offering detailed analytics on governance proposals, voting participation, and decision outcomes to promote transparency and community involvement.
- Coverage Analysis: Providing comprehensive coverage analysis, including risk assessment, claims history, and comparative analysis with other decentralized protocols.
You can see what a simplified version of the system looks like on this link (https://twitter.com/VelodromeAlerts).
Timeline and Milestones:
- Week 1: Gather requirements, finalize technical specifications, and set up the development environment.
- Week 2: Implement data collection and processing components, integrate with Nexus Mutual smart contracts, and develop the analytics and reporting functionalities.
- Week 3: Build the interface, incorporate visualizations, conduct rigorous testing, and address any bugs or issues.
- Week 4: Deploy the Nexus Mutual Protocol Analytics system, monitor its performance, gather user feedback, and make necessary optimizations.
We are happy to provide a beta version on various platforms for the community and contributors to test before deploying the finalized version with the requested changes.
Cost and Resource Estimates:
To bring the Nexus Mutual Protocol Analytics system to fruition, we request a grant of 6000 USDT (equivalent in $NXM). This budget will cover developer compensation, server and hosting costs, as well as ongoing maintenance and support.
The Nexus Mutual Protocol Analytics system will provide a valuable resource for Nexus Mutual users, offering real-time analytics, reporting, and insights. By supporting transparency and promoting community engagement, this proposal aims to contribute to the growth and success of the Nexus Mutual ecosystem.
Have a nice day!