TELxIP – TELx Data and Analytics Framework

TELxIP – TELx Data and Analytics Framework

Abstract Summary

Currently, TELx is supported by six liquidity pools that enable users to provide liquidity through specific asset pairs in return for varying Incentives ($TEL issuance and swap fees). While this system offers lucrative opportunities, it lacks a centralized analytics platform to provide users with accessible insights, limiting transparency and informed decision-making.

This proposal outlines the creation of a TELx Data and Analytics Framework to simplify and enhance the user experience by leveraging platforms like DUNE Analytics or other similar platforms. By providing real-time data visualization and periodic reporting, this initiative aims to increase community trust, drive activity, and attract more liquidity to increase Total Value Locked (TVL) within the TELx ecosystem.

A later proposal will be put forward to link this framework to a dashboard on the TELx website, which will require some design work on the UX/UI side.

Background to the Problem

Observations: The TELx platform currently allows users to earn rewards by providing liquidity. However, there is no centralized hub where users can access detailed data to help make informed decisions on providing liquidity to the ecosystem.

Issues:

Lack of Transparency: Users cannot easily monitor pool performance or expected returns. Decision-Making Challenges: Without accessible data, users struggle to optimize their participation within the ecosystem. Limited Engagement: The absence of real-time insights limits community involvement. Specification of the Solution

Design Objectives:

Create a centralized analytics framework leveraging the DUNE Analytics platform. Provide dashboards to simplify access to key metrics (on DUNE only for now). Ensure scalability to accommodate future pools and expansions. Basic Features:

Data Aggregation: Aggregate on-chain data from the six (6) current TELx pools and future pools. Visualization: Develop dashboards showing the following different metrics: TELx Ecosystem: (1) Total Liquidity, (2) Total Staked Liquidity, (3) Total Trading Volume, (4) Total Fees, (5) Total Active Users/Unique Addresses, (6) TELx Market Share (DEX’s), (7) $TEL Price. Individual Liquidity Pools: (1) Total Liquidity, (2) Total Staked Liquidity, (3) Total Staked Liquidity %, (4) Total Trading Volume, (5) Total Fees, (6) Total Active Users/Unique Addresses, (7) Total Swap Count, (8) Avg Swap Amount, (9) Total Liquidity Pool Tokens (LPT’s), (10) Total Incentives ($TEL), (11) Incentive APR/APY, (12) Fees APR/APY, (13) Total APR/APY, (14) Slippage Rates. Scalability: Ensure seamless integration of new pools and/or new metrics as they are introduced or requested. Resources and Financial Requirements

Implementation Dependencies: All development work will involve collaboration with the Telcoin Autonomous Operations (TAO) or an appropriate third-party organization to ensure efficiency, compliance, and alignment with the TELx ecosystem goals.

Financials requirements to be determined based on the amount of work required. Multiple quotes will be requested to compare among the governing councils. Quotes will be denominated in $USDC and payment terms will be agreed upon before implementation of any work. $TEL will be converted to $USDC based on the negotiated terms.

Implementation Timeline (estimated)

Phase 1: Set-Up, Key Metrics and Framework (Weeks 1-2) Configure DUNE Analytics account. Finalize key metrics and analytic requirements. Refine dashboard and develop framework. Phase 2: Development and Testing (Weeks 3-8) Develop and test dashboards for accuracy, reliability, and usability. Phase 3: Official Launch (Weeks 8 and beyond) Communicate TELx DUNE Analytics dashboard for broader community. Expected Benefits

Increased TVL: Enhanced data accessibility is expected to attract more liquidity into TELx pools. Transparency: Real-time insights build community trust and engagement. Informed Decision-Making: Users can make data-driven decisions, optimizing their rewards. Scalability: A future-ready solution that grows alongside the TELx ecosystem. Risks and Mitigation

Technical Challenges: Mitigation: Collaborate with experienced developers and third-party platforms. Data Accuracy Issues: Mitigation: Implement rigorous testing and validation protocols. Community Adoption: Mitigation: Design intuitive interfaces and provide educational materials (subsequent proposals to come). Metrics for Success

Liquidity Growth: Monitor the increase in Total Value Locked (TVL) across TELx ecosystem. User Participation: Track the number of users accessing analytics tools and providing liquidity. Overall Mission Alignment

The TELx Data and Analytics Framework aligns closely with Telcoin’s mission of user-owned financial empowerment. By simplifying access to key insights and driving increased participation, this proposal ensures the long-term growth and success of the TELx ecosystem.