In an effort to scale the amount of quality, long-form research available, we are proposing Balancer joins the Messari Hub to commission quarterly financial reports. This would serve to better inform the crypto ecosystem on major developments and ongoing fundamental changes, effectively attracting more builders, investors, and traders to the ecosystem.
The Messari Hub is a community-driven marketplace for public research where we work with top projects and independent analysts to increase the amount of quality, open source research. One particular area of research we think many DeFi projects would benefit from is more standardized financial reporting with contextual analysis.
An example of this was in our recent Q3 report for Compound where we outlined all the key fundamental data points and analyzed why they occurred. We also took a look at major governance decisions over the past three months and assessed the implications of upcoming changes to the protocol.
In addition, we would build and maintain a comprehensive data dashboard to view these metrics in real-time.
All reports would live as free resources on Messari and would be distributed through our newsletter (120k subscribers) and various social channels.
We believe the actionable insights generated from these reports will better educate stakeholders on the economic, financial, and social health of the project, whether it’s a surge in certain markets liquidity/volume or the implications of a major governance decision. As more players in the space are adequately informed it will help them make better decisions and allocate resources more effectively.
Furthermore, as more and more traditional institutions get onboarded to DeFi they will seek to have consistent reporting similar to quarterly financial reports and sell-side equity research with which to rely on to make key decisions. By blending the objective reporting of a 10-Q with the contextualization of sell-side research, these players will grow increasingly comfortable trading with and investing in this new financial infrastructure.
We are requesting a grant of 13,000 BAL from the Ecosystem Fund vesting linearly over the next year.
Reports will be produced in the 2 weeks following the end of the next 4 quarters starting with a Q4 report released in January.
We appreciate any and all feedback on our proposal!