{"signature": "0x66da62d6de56512d5147fbc668810f5c5f5775ece04e1210d1a79b88a8e63acf0777cfbdf3ab880ef5481821560680de89a3cce1ad9507431ea2379c44a5c4391b", "application": {"round": "0xc5fdf5cff79e92fac1d6efa725c319248d279200", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "BB3Gq59nLjWBToo99E1MGntjusmndnt1Y5J8UWA+3GFtI8ipTL1AE5+exOs7MLZ0", "encryptedSymmetricKey": "bf0ba7abe79aa50ba8ac64bfca0f20cacca393a2cb914ebdbb10ed56114ac82fc5db9ac85b5850d03cd49a73cf37ec0853468efedb491bd3720c0e67f64d17671d1c3b7c92c1972ece169b2c33050b9e78656b7a57fba8f2e1ffc372c4942794ecdfa59803e7294bf1160badc14008590d57f696979411812d87b2dff48dcced00000000000000202f74bb57319b2b5412dd270c7e0d72821174d1d35ffc996d9db0e6494ab64ec8d039cfc0c9ecf7c3a365bce6d646ca86"}}, {"type": "multiple-choice", "hidden": true, "question": "Payments will be made with $TTEC on the Gnosis Chain. Please confirm that the payout address is a EOA or deployed on the Gnosis Chain.", "questionId": 1, "encryptedAnswer": {"ciphertext": "DWA+9DvdeLaNY4UcLvMAJkRNrnK5vjxqh+vXIH2Oadc=", "encryptedSymmetricKey": "8883966e4d4c708217d9fa32ae67271a23e21ccbb615ac3193d5f6a6f12e48dfc40304160de56f3dd194fa5095e687143f0c29e37edcf4d5e5d05a074f072517cd0ea241e9d3b393c79c600ef66ba2ec7403fa656918e05ec3191d17db68d091a7b4eaf1cc88f08ef2971d6f7bec677fae280960989d9ee8a351697c07a95e160000000000000020d95d0b216b92d4426d93b16138da3a2b55f996098e75a046d4b48cb6dd971425437ef1d6679d20539f6a0da885d16ba0"}}, {"type": "short-answer", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 2, "encryptedAnswer": {"ciphertext": "cjSsvFJEHRcnXEQm/PVBQLatdy/e4DFBn4ehilqZ3JY=", "encryptedSymmetricKey": "353a3b2339958ba4abf3a942c28a0b6d9be35d83200ea50b202fbd372bc71031b388a8ad89966c93be2d604605b2db12b9735abfbb52f902e0713484994196e2fe67a0eb34a5a1a9b1f93eddeae0102381665dad92657d54e21b8db9c0f5d6a4fd8dac44733d01fac37bf1d1b773c81ae56a9bccd0a5faf266ee8e24509c2bf000000000000000207e10dade09882c2cbf595a37d7a93e9a2c11cabb1f69280cf8060b5dfb5973e833d73edc6926d0bcc1946081d209f5a5"}}, {"type": "multiple-choice", "answer": "Yes", "hidden": false, "question": "Have you read and confirmed your project abides by the program Eligibility Policy? https://tinyurl.com/tegrants", "questionId": 3}, {"type": "dropdown", "answer": "Research", "hidden": false, "question": "Please indicate the category of the project", "questionId": 4}, {"type": "paragraph", "answer": "The team is composed of two people, who go by @zegdathetkan and @_rgoldoni on Twitter. We are both Token Engineering Study Group Hosts, having successfully guided the second cohort of the Italian Study Group. ZegDatHetKan is also an independent DeFi researcher specialized in token design and farming strategies since 2020. ZegDatHetKan has worked as a freelance consultant for both educational platforms and asset managers. Recently, he has also picked up Solidity and is tinkering around. @_rgoldoni main occupation is that of Head of Operations for a decentralized science (DeSci) project called ResearchHub since 2021. He is also a contributor for TokenomicsDAO, where is contributing to the development of the TokenomicsHub and has written several deep-dive articles on web3 protocols (e.g. Ocean Protocol, Yearn etc.).", "hidden": false, "question": "Individual or team summary (size, relevant experience, social profiles, etc.)", "questionId": 5}, {"type": "paragraph", "answer": "AURA aims to solve the problem of user coordination that lies at the heart of protocol design. We know that financial incentives are one means to achieve it; thus, projects have tried to achieve that coordination by employing different models based on financial incentives, with each model tailored to the objective function of the protocol. Airdrops are one of the most utilized means to attract new users; however, they often fall short in retaining these users after the airdrop event occurs. This effectively undermines the effectiveness of airdrops, as value rapidly flows out of the protocol, resulting in a hidden cost for the protocol.\n\nOur goal is to develop a robust and relevant metric that can assess the average cost for user retention within L2 networks. To achieve this, we will gather data concerning network usage and juxtapose it with the distribution dynamics of each network's native token. Specifically, we aim to analyze how network usage and user behavior fluctuated across different phases of the airdrop distribution.\n\nThe main way for us to determine whether we have accomplished our goal of providing value as a public good will be through monitoring the activity on our website. Once we publish the final version of the dashboard, we will evaluate the effectiveness of our study based on the traffic it receives. We will also offer support to users who would like to delve deeper into the analysis of each protocol's airdrop event, with the hope of informing future airdrop design decisions.", "hidden": false, "question": "What specific problem(s) do you seek to solve with this grant, and how will you know whether you have accomplished your goal(s)?", "questionId": 6}, {"type": "paragraph", "answer": "AURA contributes to the token engineering discipline by aiming to demonstrate that \"airdrops are not created equal.\" This means that there can be more and less effective ways of designing airdrop events. Since airdrops are closely tied to the tokenomics of a protocol and its token design, we believe that our study will help shed light on the sustainable design of protocol airdrops and potentially inform future design decisions, resulting in improved effectiveness.\n\nWe will initially focus on L2 protocols, as many projects have launched airdrops in this space, and attempting to capture all of this data would distract us from our main objectives. Once we have covered the L2 protocol space, the next milestone in our roadmap will be to expand to the broader DeFi space.\n\nAURA is considered a public good because it is freely accessible and built openly. This means we will share the analysis behind the creation of the dashboard, allowing projects working on airdrops to find AURA as a valuable resource for consultation. We are committed to keeping the project free and open, which is why we have applied to GR18 to secure a budget that can support our engineering and research efforts in developing AURA.", "hidden": false, "question": "Describe how your project contributes to token engineering and why is it a valuable public good.", "questionId": 7}, {"type": "short-answer", "answer": "The stage of the project is PoC. The PoC will become a full MVP once we have reached the first milestone (see below) of shipping a comprehensive analysis of user retention of Layer 2 protocols.", "hidden": false, "question": "What stage do you consider your project is currently in? (PoC, MVP, fully integrated project, etc.)", "questionId": 8}, {"type": "paragraph", "answer": "The project has just been kickstarted and we will be sharing updates along the way. A few milestones that the team has planned for the near future:\nM1: Creation of comprehensive dashboard of user retention for L2 protocols airdrops\nM2: Publication of research analysis and framework for \u201csustainable airdrops design\u201d \nM3: Extension of dashboard to other DeFi protocols utilizing airdrops\nM4: Addition of consulting features", "hidden": false, "question": "Please share any new updates or milestones from the prior months.", "questionId": 9}, {"type": "paragraph", "answer": "The project did not receive any funding at the time of writing.", "hidden": false, "question": "Previous project funding sources (VC, grants, token sales, etc.)", "questionId": 10}, {"type": "number", "answer": "0", "hidden": false, "question": "Total prior funding for the project in USD.", "questionId": 11}, {"type": "short-answer", "hidden": true, "question": "How did you hear about the TE Grants Program?", "questionId": 12, "encryptedAnswer": {"ciphertext": "ahwZbzzoq7z1jx0P3CjNADTGAzw+ruJqEZTHsXi+eFymZfvLVrEloWIVb5Eq7pybxHt9PQ/ErufNn2UxwYg1cA==", "encryptedSymmetricKey": "6fc74f4dce5154cdb75ba2fda22272eb054b90262626159255324afdcacb81898b85f2b20ceb8a002cdf849acf6cb80b7162ab1a9de51c6c3eecb2c50e86b3824b304dcbb7e22c54a3c0215072a9da9e9eacb6ef165e5051859273b6706e62857d7ed39d473fce8149cb03a183c36825c788ae5d9561bd28a18717a12c60d64900000000000000200f27f99138a95ba9a230efbbaa335c08aafce5ce6fb94f23476c8f30da84c463279d9f804a064bdedc00cd2b97905d92"}}, {"type": "paragraph", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that has not been covered?", "questionId": 13}], "project": {"id": "10:0x8e1bD5Da87C14dd8e08F7ecc2aBf9D1d558ea174:709", "title": "AURA Dashboard", "logoImg": "bafkreidiudsmqbd4ykxtyhuaexbwnn6pixcdnjwxjt7t6mkul3vwerh7vm", "metaPtr": {"pointer": "bafkreihczm3rjn4pur2b6wibalmafrqp7glehie4xnjg5l44p4pbjw2afy", "protocol": "1"}, "website": "https://www.aura.report", "bannerImg": "bafkreidrbsi3auahwjrcuubsqqcse4h53vglhlyjxpp77jnd3k5qlfvpja", "createdAt": 1691579751479, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..SNyEbO-H1-g_Hcw6voerWYYHTOqw1FgnYDZoZ_7a34pkl5oCElZQZgOpqk4S1nacE6-5CuzgKywoZ4vzTrARCQ", "type": "Ed25519Signature2018", "created": "2023-08-09T11:09:28.071Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-08-09T11:09:28.071Z", "expirationDate": "2023-11-07T11:09:28.071Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x72f2c4dD290D1C08d5763c812028655CBde3FB53", "hash": "v0.0.0:30vaEH1iQ4sGovcxLX9DZiZ25E2ehL5Dwp+IYcf4lIU=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#auradashboard"}}}, "description": "The issue of user coordination lies at the heart of blockchain protocol design and financial incentives are one of the means to achieve it. These incentives are threaded in the architecture of the protocol and should enable extensive decentralization among network operators. Several projects have tried to achieve decentralization by employing different models based on financial incentives, each model tailored to the objective function of the protocol. Proof of Work (PoW) and the various iterations of Proof of Stake (PoS) exemplify the incentive models used to align network participants and reach consensus.\n\nPresently, numerous Layer 2 (L2) smart contract platforms built on the Ethereum network compete for market share and aim at network decentralization. In an effort to achieve decentralization within the network and to attract users from the broader ecosystem, these L2 platforms have incentivized usage of their networks through the distribution of their native tokens via 'airdrops'.\n\nOur goal is to build an online dashboard, named Airdrop User Retention Analysis (AURA), that can be accessed for free and could potentially inform incentive design choices for protocols that would consider employing airdrops in the future. Key to the realization of the dashboard is the definition of a metric that evaluates user retention over time on a dollar cost basis. Through the establishment and generalization of this metric, we aspire to devise a framework that facilitates comparisons between the effectiveness of the incentivization strategies employed by different L2 Networks.", "lastUpdated": 0, "projectTwitter": "auradashboard"}, "recipient": "0x19b1Fea0067439d5d68f552B055D9ABdee709ECe"}}