[DISCUSSION] Asher Associates’ SAFE Proposal: Standardizing Metrics Across Platforms

Proposals Phase 0: Discussion
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Asher Associates’ SAFE Proposal: Standardizing Metrics Across Platforms

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Co-authors: Mattison Asher and Salman Khayer

X Accounts: @TheEther2077 and @Cyxnis

Website: www.asherassociates.com

Proposal types

Other SEPs

Objective:

This proposal seeks to standardize SAFE’s metrics on Token Terminal and get SAFE’s metrics listed on DefiLlama. These additions will enhance transparency, visibility, and stakeholder confidence. Furthermore, this proposal calls for Safe to audit where else their metrics are being misrepresented.

Rationale:

Accurate metrics are critical for protocol credibility and stakeholder decision-making. Discrepancies or omissions in metrics across platforms can lead to confusion. By aligning these metrics, SAFE will:

  • Improve trust among users, investors, and partners.
  • Increase SAFE’s visibility on widely-used analytics tools.
  • Provide a unified data source for informed decision-making.

Utilize Dune Analytics metrics for TVL Reporting:

  • TVL Reporting
    • Dune Analytics reports $107b TVL - Source

Proposed Solution:

Metric Identification and Alignment:

  • Identify key metrics to standardize across platforms
  • Collaborate with Token Terminal team to ensure metrics align with SAFE’s reporting standards.
  • Advocate for DefiLlama to add in TVL numbers for SAFE
    • Currently, DefiLlama refuses because they state SAFE is like every other wallet
    • We are pointing out that SAFE offers DAPP like functionality and therefore should be added to their platform, just like every other DAPP; find our thread here
  • Research any other data platforms where metrics are misrepresented

Data Integration:

  • Set up automated feeds from SAFE’s smart contracts to provide real-time, accurate data for these platforms.
  • Ensure consistency in how data points (e.g., TVL and revenue) are calculated and displayed across tools.

Platform Collaboration:

  • Designate a SAFE liaison team to work directly with analytics platforms for onboarding, verification, and troubleshooting. We have already developed the relevant contacts. All that needs to be done is linking contacts with SAFE representatives.

Community Engagement:

  • Share regular updates with the SAFE community, highlighting progress and showcasing the impact of standardized metrics on platform visibility.

Implementation Plan:

Phase 1: Research and Metric Definition:

  • Audit current metric discrepancies across platforms.
  • Finalize a list of key metrics for integration.

Phase 2: Platform Collaboration and Onboarding:

  • Connect TokenTerminal and DefiLlama teams with SAFE for integration support.
  • Develop API feeds and ensure accurate data pipeline setup.

Phase 3: Testing and Standardization:

  • Cross-check metric readouts for consistency across platforms.
  • Troubleshoot and resolve any discrepancies.

Phase 4: Community Rollout:

  • Announce the completion of standardization efforts

Benefits:

  • Enhanced Protocol Credibility: Accurate, standardized metrics strengthen SAFE’s reputation within the DeFi ecosystem.
  • Improved Stakeholder Engagement: Reliable data empowers informed decisions for token holders, investors, and governance participants.
  • Increased Visibility: Higher prominence on analytics platforms attracts new users and institutional partners.

Costs:

Token Terminal costs ~$25,000 for data updates. This proposed cost can be paid for from the SAFE Treasury.

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In order to get the the TVL listed on DefIllama, someone from the Safe development team needs to follow the process outlined here.

More details can be found here.

I have someone from the Defillama team insterested in helping. Is there someone from the Safe team I can link with the Defillama team.

I also have someone ready from TokenTerminal for the data update.

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I’m in favor of this proposal. Safe has terrific metrics and we need to get them circulated on the platforms that potential $SAFE buyers use like DeFiLlama and Token Terminal.

Traditionally the Safe community has ignored these types of token-centric tasks, which has hurt token price for a project with some of the best fundamental metrics in the space. That needs to change as we head into a very important 2025.

Thanks to @TheEther2077 for creating and pushing this proposal. :saluting_face:

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@amanwithwings made a formal proposal here for the previously discussed suggestions

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Would love to present this at an upcoming governance call :eyes:

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Hey @TheEther2077, thanks for the proposal! Let’s discuss closer to the next governance call.

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Gm ser @amanwithwings – in regards to the next governance call, I’m on the page with the past Governance calls. When will the next one be, it’s not listed on the page :frowning:

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Hey @Cyonis, you can access SafeDAO’s governance calender here. The zoom link will be posted publicly on the forum closer to the next call (happening January 01, 2025, as it stands).

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Let’s goooooooooooooooooooo

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I have gathered more information about Token Terminal.

TokenTerminal’s website has 200,000 visitors a month.

Accurately listing Safe’s metrics on TokenTerminal will ensure everyone in the crypto community has access to data about Safe.

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