P3 - Premia Alerts (Analytics)

Hi everyone!

Summary:

This P3 proposes the development of Premia Analytics, a comprehensive system that provides real-time analytics, reporting, and insights for the Premia community. It aims to improve community engagement and attract new users by delivering valuable data and insights. The project will empower Premia users by delivering key metrics, market trends, governance updates, and other important information. It seeks to improve analytics strategies and foster deeper engagement within the Premia community.

Abstract:

This proposal addresses the growing need for reliable and accessible analytics and reporting tools in the expanding Premia Protocol ecosystem. By providing valuable data and insights, the project aims to attract new users and increase community engagement.

While the current statistics provide valuable information for Premia users within the platform, our system offers a unique approach to engage and market to users outside of the Premia Protocol community. By providing the statistics directly on social networks such as Twitter, we can reach a wider audience and potentially attract new users who may not be familiar with Premia Protocol. 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.

Motivation:

The existing analytics and reporting tools within the Premia ecosystem may not effectively engage users outside of the community or attract new users unfamiliar with Premia. Premia Analytics aims to bridge this gap by providing statistics directly on various platforms, expanding the user base, and increasing engagement. The project aims to address the limitations of the current system and improve community participation.

The success of the project will be measured by:

  • User engagement metrics, such as the number of active users and interactions with the analytics system.
  • Adoption rate of the Premia Analytics system among community members.
  • Positive user feedback and satisfaction with the system’s functionality and insights.

Specification:

The Premia Analytics system will be developed using Python for backend development and Vue JS/Typescript for frontend implementation. It will leverage smart contract data, governance information, transaction history, and other relevant metrics to generate meaningful reports and visualizations. The system will include features such as real-time analytics, market trend analysis, and governance updates. The team will consist of experienced developers skilled in Python and Vue JS/Typescript.

We request a grant of 6000 USDT (equivalent in $PREMIA) to cover the following expenses:

  • Developer compensation for the squad members involved in the project.
  • Server and hosting costs for deploying and maintaining the analytics system.
  • Ongoing maintenance and support to ensure the system’s continuous operation and improvements.

Roadmap:

Premia Analytics is designed to provide an accessible platform for users to access important analytics and insights related to the Premia ecosystem.

  • Develop a real-time analytics system that covers key metrics, market trends, and governance updates.
  • Implement data collection and processing components, integrating with Premia smart contracts.
  • Build an intuitive interface with visualizations to present the analytics and insights effectively.
  • Conduct rigorous testing to ensure accuracy and reliability of the analytics system.
  • Deploy the Premia Analytics system and gather user feedback for continuous improvements.

You can see what a simplified version of the system looks like on this link (https://twitter.com/VelodromeAlerts ).

  • Week 1: Gather requirements, finalize technical specifications, and set up the development environment.
  • Week 2: Implement data collection and processing components, integrate with Premia 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 Premia Analytics system, monitor its performance, gather user feedback, and make necessary optimizations.

Our goal is not only to provide analytics and reporting for the existing Premia community but mostly to attract new users to the protocol. We believe in the importance of reaching a wider audience and introducing them to the benefits of the protocol. We aim to bring new users to the protocol by leveraging our analytics system and implementing its own marketing and engagement strategy. By aligning with the community’s needs and preferences, we can make the analytics system as efficient and valuable as possible for Premia and its users, which is why we will work with the community and contributors by gathering feedbacks and consulting the users in the data choice and display.

Our team, @premianalytics , is a group of experienced developers who have a strong background in deploying protocols and participating in hackathons. We have a deep understanding of the DeFi space and are committed to providing valuable analytics to the Premia community through Premia Analytics. We have been granted by Velas Blockchain and Redlight Chain in the last six months and won the latest hackathon in Paris.

Have a nice day! I am available if you have any question regarding the proposal.

8 Likes

Let me take this away and speak to parliament and get back to you in a week or two about this. Sounds cool though, just need to do a bit of analysis.

1 Like

Awesome! Thank you for the reply, we are comfortable with doxxing and can get on a call/groupchat to explain this further if needed :slight_smile:

2 Likes

Congratulations to the Premia testnet project! This is a great achievement in developing a new platform and ecosystem. We hope the Premia testnet goes smoothly and provides valuable insights for further development

2 Likes

I think Premia is going on fire

3 Likes

I hope this project continues to progress and develop

2 Likes

Hi @dk3, any update on the parliament?

@Parliament tagging them, but @premianalytics its going to have to be next month sorry, we are still working to formalize the grants process, it is the next major ticket item after tokenomics gets over the line.

Hey @dk3 I hope you are doing well. Is there no updates? We are fine with waiting to develop the product but I wanted to make sure the parliament still considered the proposal.

1 Like