Name of project: Pool Screener - screener tool for datapools
Proposal Wallet Address: 0xC767B8d677bEB0A91bB511f20D533cA7Dd524494
The proposal in one sentence: Better Stats is a dapp that tracks various metrics for a given data pool over a given timeframe providing fundamental analysis tool for stackers in Ocean Market
Which category best describes your project? Pick one or more.
Build / improve applications or integrations to Ocean
Project Description :
With Better Stats we want to build a fundamental analysis tool or screener for data pools in Ocean Protocol. This tool will help and educate Ocean community to check and track certain metrics of that particular datapool. Some of the key metrics that we plan to track includes (but not limited to) -
- No. of stakers in a given pool over given timeframe (increased or decreased)
- No. of consume txs for a given pool over a given timeframe
- Distribution of % pool share among LP for a given pool
- Pool shares of the pool owner (data provider) (which will help to see if they sold their pool shares etc.)
- Amount of Ocean moving in-out of the pool in the given timeframe
What problem is your project solving?
Currently Ocean Protocol have only 1-2 analytics dapps being built on it. These dapps though gives data points but most of the metrics tracked are direct metrics (e.g. no of datatokens in the pool, no. of Ocean in the pool). They lack to provide a comprehensive analysis of the pools over a given timeframe which is the most important fundamental metric that fund managers and traders prefer (thats why charts exists). In short, there are no dapps that provides relative analytics for a given pool (timeframe based). Such metrics if available would help community stake on better pools with low risk and high returns.
What is the final product?
Web based Dapp
How does this project drive value to the Ocean ecosystem?
As explained above, this projects aims to provide a screening tool to help Ocean community to stake on better and safer pools with possibility of low risk and high return.
Calculations for ROI
If stakers uses this dapp efficiently they would be able to stake their valuable Oceans on better pools. This will ultimately drive value (in staking) towards high quality datasets, thereby effectively creating a better dataset signalling to the entire Ocean ecosystem.
Lets consider if this project is eventually helps to re-stake 100,000 OCEANs (from 20 stakers with average 5000 Ocean each) from inferior pools to better pools (Better pools will be easier to find when one can check no. of consumes for a given dataset over a period of time)
This makes Bang = 100,000 OCEAN
Buck = 10,000 OCEAN
So ROI = bang / buck = 100,000 / 10,000 = 10
Proposer’s estimate of % chance of success = 90%
expected ROI = 0.9 * 10 = 9
Project Deliverable - Build / Integrate
Dapp built using html, css, web3.js, node.js, mongodb, balancer abis, ocean.js, chart.js and other frameworks. This dapp will be accessible by web
Project Deliverables - Roadmap
We aim to get the first version released by end of April 2021
Web Developer and UX designer
Architect and Project Manager