Behind the Charts is a blog post series about MetricsDAO’s analyst community. It serves as a way to get to know and feature some of the best analysts in the Web3 space. As we seek to empower protocols and organizations in the crypto space, it is important to empower on-chain analysts as well and highlight their skills and talents.

True Freeze is a protocol that allows users to lock an EVM chain’s native asset out of circulation for their chosen length of time. Launched last June 8, 2022, it is currently live on Ethereum-mainnet, hence as of now, only ETH can be locked (WETH to be specific). In exchange, users receive yield on their ETH up front in the form of frETH and NFTs representing their locked positions (Certificate of Deposit Freezer NFTs).  It is important to note that these NFTs are pegged 1:1 with the locked ETH and that frETH is not the pegged asset.

Nouns is a collection of generative 2D pixel NFTs (ERC-721) that are based on people, places, and things. Each day, a new Noun is generated. The Noun is then auctioned for 24 hours. Once the auction ends, the Noun ERC-721 token is sent to the winning bidder, the Nouns DAO treasury receives the proceeds (denominated in Ethereum), and the next Noun is generated. The time at which the auction ends and when a new Noun is selected to be generated is known as “Noun O’Clock”.

What is UMA?

Our goal with this flash bounty was to analyze Harmony wallet activity to give a potential explanation for the significant drop-off in active wallets noticed from May 26 to May 27, 2022:

JokeDAO is a protocol that provides tools for communities to have bottom-up, on-chain governance. The main tool that JokeDAO provides communities is the JokeRace. A JokeRace allows a person or protocol to distribute one-time voting tokens to a community and then pose a topic for these users to vote on in each time period. Currently JokeRaces are being used for user-generated roadmaps, grants, endorsements, bounties, curation, and community-driven decisions, but there are more use cases for this type of voting.

Goldfinch is a decentralized credit platform that enables loans without requiring on-chain collateral. This novel approach increases access to capital and expands the crypto lending market to users that otherwise would not have sufficient on-chain assets to qualify for a loan. Goldfinch’s “trust through consensus” mechanism allows lenders to directly evaluate the creditworthiness of potential borrowers, supporting but removing the need for on-chain collateral. Ultimately, this creates a permissionless framework that connects users with surplus capital to users in need of capital, expanding the number of potential borrowers and opening access to lending in more equitable ways.

Behind the Charts is a blog post series about MetricsDAO’s analyst community. It serves as a way to get to know and feature some of the best analysts in the crypto space. As we seek to empower protocols and organizations in the crypto space, it is important to empower on-chain analysts as well and highlight their skills and talents.

The crypto ecosystem is a fast-changing space. Every day, new protocols are springing up on different blockchains which produce thousands of blocks every minute. As analysts, our job is to analyze the data contained in these blocks. That said, analytics fixed in time risk going obsolete as fast as the rate of production of new blocks.