Link to forum post

1. Summary

Proposal for Inverse Finance DAO to cover operations of the Analytics Working Group (AWG) in Season 1, running for 6 months from September 1st to Feb 28th.

2. Analytics Working Group

The Analytics Working Group (AWG) is a specialised WG within the Inverse Finance DAO that is dedicated to analysing, interpreting, and leveraging data to guide strategic decision-making processes. The AWG plays an essential role in providing comprehensive data-driven insights, identifying patterns, and highlighting opportunities for growth or areas for improvement within the DAO. The Analytics Working Group is spearheaded by a dedicated professional with extensive expertise in data science. This individual possesses a diverse range of skills encompassing data analysis, data engineering, and business intelligence. Occasionally, the AWG augments its capacity by engaging consultants to aid in complex projects or during peak demand periods. The one-person structure allows for agility and focused decision-making, while the occasional engagement of consultants ensures flexibility and scalability when needed.

1. WG Goals

The mission of the AWG is to drive strategic and operational excellence across the DAO by enabling data-driven decision making. The AWG is committed to uncovering insights that help enlighten the path to success, assisting all working groups in understanding their performance and improving their impact. The long-term goal is to ensure that Inverse Finance thrives on a foundation of evidence-based strategies, ultimately creating more value for all stakeholders.

2. Responsibilities

The responsibilities of the Analytics Working Group (AWG) include:

• Data Strategy Development: The AWG contributes to the development and execution of a data strategy that aligns with the DAO’s overall objectives. Data strategy refers to the management, governance, use, and storage of data in an organisation. It’s a comprehensive plan that outlines how a company collects, stores, manages, shares, and uses data. The strategy can be defined as the non-exhaustive sum of the points below.

• Data Governance: The AWG is responsible for maintaining the integrity and security of the DAO’s data.

• Infrastructure Maintenance: The AWG oversees the maintenance of Inverse Watch, our primary data analytics platform. This crucial responsibility ensures that the DAO’s data analytics capabilities remain robust, reliable, and cutting-edge. Additionally, this includes the upkeep of the alert systems. As part of this the AWG has been working to continually improve and refine this Subgraph to better suit the DAO’s unique needs. This responsibility involves updating the Subgraph to index new data, optimising the queries for performance, and maintaining its overall integrity and reliability. This ongoing work ensures that the DAO has timely and accurate access to the necessary blockchain data, which is crucial for decision-making, risk management, and strategic planning.

• Data Analysis and Interpretation: The AWG is tasked with continuously monitoring, analysing, and interpreting data related to the DAO’s operations. This includes data from transactions, user behaviour, and market trends.

• Dashboard & Report Generation: The AWG creates detailed, clear, and timely reports on key performance indicators (KPIs) and other crucial metrics to inform strategic and operational decision-making.This includes Operations, Markets, and even Risk-related metrics like the asset scoring model. These comprehensive dashboards are instrumental in tracking performance, identifying trends, and informing strategic decisions.

• Insight Provision: Through their analysis, the AWG uncovers valuable insights and opportunities for growth or improvement, which they communicate to the relevant working groups or the DAO as a whole.The AWG built alter systems serve an invaluable role in providing key insights to stakeholders. There are two main aspect to this alter system:

  Alerting System: The AWG has developed and maintains a sophisticated alerting system, which includes a Discord Alert Bot and Risk/Protocol Monitoring tools. This system ensures the DAO remains vigilant and reactive to any risks or issues. The Discord bot sends real-time alerts on key issues, while the Risk/Protocol Monitoring tools regularly check the health and stability of the DAO’s operations and assets. Automated Socials: In order to maintain a timely and responsive communication channel with the broader community, the AWG has created the Inverse Alerts bot on Twitter. This bot automatically shares key alerts, updates, and insights, enabling the DAO to maintain a transparent and engaging presence on social media.

• Collaboration and Consultation: The AWG works collaboratively with other working groups, providing consultation and support on data-related matters.

• Data Literacy Advocacy: One of the less obvious but equally important roles of the AWG is promoting data literacy within the DAO, helping everyone understand the value and utility of data in their respective roles.

3. Projects

• Deliver on traditional tasks and continue business as usual
• Create new data connectors to expand the pool of our available data sources in-app (e.g., Twitter, Google Analytics, Binance, Coinbase)
• Build new visualization tools to track tokens activity in-app with more accuracy
• Build Machine Learning and Artificial Intelligence capabilities in-app to detect trends more effectively
• Improve current user model, add Web3 authentication to the platform

4. Success Metrics

• Number of Weekly/Monthly AWG Insights Report published
• Number of Insight Generated that led to clear actionable effect within the DAO / # of Insight Generated that did not lead to a clear actionable effect within the DAO
• Stakeholder Satisfaction: Achieving a satisfaction rate of more than 75% in seasonal survey
• Infrastructure Robustness: Ensuring our systems and tools, including dashboards and alert systems, have less than 0.1% downtime

2.5 Decision-making power

The AWG has decision making responsibilities for all matters related to the selection, maintenance and structure of analytics related infrastructure and tooling. The AWG reserves decision making powers to use the AWG budget as necessary to support the goals of AWG.

2.6 SecOps Responsibilities

SecOps is an integral part of the AWG’s responsibilities, providing critical insights into the operations of the DAO. Our dedicated alerting system, comprising a Discord Alert Bot and Risk/Protocol Monitoring tools, allows us to manage risk effectively and keep all stakeholders informed in real-time.

Furthermore, our expertise in retrieving on-chain data enables us to assist other working groups by providing necessary past or current data, thereby expediting their tasks. We also play an instrumental role in risk assessment and mitigation strategies by interpreting data patterns and potential anomalies. By maintaining a proactive and vigilant approach, the AWG ensures that the DAO’s operations run smoothly and securely, mitigating potential risks before they manifest.

Budget

1. Contributors

Naoufel is a seasoned programmer and data scientist who has worked in the central banking and defense sector. His work primarily focuses on software development and data analytics, both customized to the unique requirements and standards of these industries. He has developed financial risk models, created secure data pipelines, and set up real-time analytics tools. Naoufel's experience has equipped him with a strong analytical mindset valuable for financial projects. His current salary reflects the depth of insights he currently shares, and adjustments are expected in the next budget proposal to account for his contributions to improving the organization's data infrastructure.

2. Ad hoc & Tooling

• Quicknode (IW): $299.00 per month
• Redis DB (IW): $36.00 per month
• PostGreSQL DB (IW): $72.00 per month
• Frontend (IW): $14.40 per month
• Worker (IW): $160.00 per month
• Scheduler (IW): $60.00 per month
• GRT Tokens: $1,200 total for S1 season

3. Flexible Budget

AWG requests a flexible allowance of 500 DOLA to cover tooling unforeseen expenditure that arises during the Season.

4. Summary

In addition, this proposal seeks to refund Naoufel for cost falling in between the preious proposal budget and S1, namely for september : Digital Ocean $ 324.47 Quicknode $ 299.00 Name.com $ 96.00 (48x2) Total : $ 719.47