Rewards Analytics Update Post:

May 2023 - Governance Call OP Rewards Analytics Update

“How to Contribute” Post:

How to Contribute: OP Rewards Analytics

Background

• The data team at OP Labs has been working on tracking OP distributions across governance grants, partner funding, and other sources.
• We welcome the community to analyze & contribute to our open-source analytics repo. See the “How to Contribute” Post
• Prior updates focused on specific programs. For this we experimented with methods to understand benchmarks for future programs.

A snapshot of program data was taken on May 6, 2023.

Open Questions

1. What are the best metrics for evaluating programs?
2. Are there any proactive criteria / grant structures that we can apply for future seasons?
3. What are the activities that lead to developer growth & future applications, and how can we address those?
   1. i.e. do we need more TVL, major pair DEX liquidity, something else?

Key Takeaways

• 32 Programs are live, only 7 have completed (per our mapping)
• Potential Benchmarks (While Programs Live, n=32):
  • 1.21 Incremental Transactions “to” / Year per OP
  • 0.003 ETH ($4.76 USD) Tx Fees / Year per OP
  • $12 Liquidity per OP
• Potential Benchmarks (30-Days Post-Program, n=7):
  • 0.42 Incremental Transactions “to” / Year per OP
  • 0.00035 ETH ($0.64 USD) Tx Fees / Year per OP
  • $3.6 Liquidity per OP