PEP-48: Quarterly Reporting through Messari Protocol Services

Hello Dermot,

Thank you for your question. I am not privy to DAO treasury and I am not a DAO voter yet. I would reserve any direct feedback on DAO budget and expenditures for now.

My comments above were around a slightly different approach in dissecting the above proposal into a) reporting and b) marketing from an expense/value standpoint, do the benchmarking and ROI study on both separately and then arrive at answers.

I am of an opinion that this is more of a marketing expense than reporting, and I greatly value marketing incidentally. I belief that Pocket is under-invested in marketing.

My V1 commentary was related to the marketing section of my breakup. Timing of an expense could determine how much value we extract from it. Post V1, Pocket is going to be more marketable and sellable. An argument could be that we could get more bang for the buck once we are better equipped technically and also have more success stories (such as a successful V1 upgrade) to tell.

A general advice is to not take the first option that we come across and before we are fully aware of other alternatives. And that’s also why I suggested deferral (in addition to V1 completion) instead of rejection. During that time we could continue engaging with Messari and getting more information about their offerings, and on the other hand do the benchmarking and comparative analysis against other alternatives.

Having said all that, we absolutely need reporting (and especially financial reporting) as I have raised a few questions and suggested starting points in this recent need: Financial Key Performance Indicators- Pocket Network . Question is how much should we be willing to pay for this.

Thank you for reading.

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