# On-Chain Performance Tracking

## Overview
- The On-Chain Performance Tracking mandate is essential for the OpCo to implement robust performance monitoring processes, oversee data and analytics teams, manage funding, and produce detailed budgets and success metrics. By leveraging advanced analytics tools and transparent reporting mechanisms, the OpCo can significantly enhance the Arbitrum DAO's accountability, credibility, and effectiveness in utilizing resources to achieve its goals.

## Objectives
- Enhance transparency, accountability, and efficiency in managing the DAO's operations and resources
1. Implement robust performance monitoring processes to track the OpCo's progress against its mandates
2. Oversee data and analytics teams to increase transparency and accountability for different initiatives
3. Manage funding and resources received from the Arbitrum DAO to ensure legitimate and effective utilization
4. Produce detailed budgets, work plans, and success metrics to guide the planning and execution of initiatives in each domain

## Strategies
- Establish a comprehensive on-chain performance tracking framework
1. Define clear mandates for the OpCo that align with the DAO's overall mission and objectives
- Utilize smart contract monitoring to create transparent records of the OpCo's activities
- Integrate blockchain analytics tools to provide real-time insights into transactions, smart contract interactions, and token flows
- Implement automated reporting systems that generate periodic performance reports directly from on-chain data
2. Build and manage a skilled data and analytics team
- Assemble a team of data scientists and blockchain analysts with expertise in on-chain data extraction and interpretation
- Establish a data governance framework outlining data collection, storage, and usage policies to ensure data integrity and compliance
- Foster collaboration between the data team and other OpCo departments to promote data-driven decision-making across all initiatives
- Invest in ongoing training and development to keep the data team updated on the latest blockchain analytics technologies and methodologies
3. Implement transparent funding management and resource allocation
- Utilize smart contracts to manage the distribution of funds received from the Arbitrum DAO, detailing the conditions for fund release
- Implement on-chain mechanisms to track fund utilization, providing real-time visibility into spending and resource allocation
- Engage with stakeholders to gather feedback on funding allocation and utilization
- Conduct regular audits to ensure funds are used as intended and in compliance with DAO governance
4. Develop comprehensive budgets and success metrics
- Create detailed budgets for each initiative, including projected costs, resource allocation, and expected timelines
- Define quantifiable success metrics for each domain of operation, aligned with the OpCo's mandates and the DAO's strategic goals
- Utilize established budgeting and performance management frameworks to guide the planning and execution of initiatives
- Periodically review budgets and success metrics to ensure they remain relevant and adjust them based on performance data and changing circumstances

## Key Performance Indicators (KPIs)
- Monitor key metrics to assess the effectiveness of on-chain performance tracking efforts:
1. Percentage of OpCo activities and transactions recorded on-chain
2. Accuracy and timeliness of automated performance reports
3. Stakeholder satisfaction with the level of transparency and accountability provided by the data and analytics team
4. Percentage of funds allocated and utilized in accordance with DAO governance and approved budgets
5. Achievement of defined success metrics for each initiative and domain of operation

## Roadmap
- Q1: Establish the on-chain performance tracking framework
- Define clear mandates for the OpCo and develop smart contracts for recording activities
- Integrate blockchain analytics tools and implement automated reporting systems
- Q2: Build and train the data and analytics team
- Recruit data scientists and blockchain analysts
- Establish data governance policies and provide necessary training
- Q3: Implement transparent funding management and resource allocation
- Develop smart contracts for fund distribution and tracking
- Engage stakeholders and conduct audits to ensure compliance
- Q4: Develop and monitor budgets and success metrics
- Create detailed budgets and define success metrics for each initiative
- Review and adjust budgets and metrics based on performance data

## Resources
- Dedicated data and analytics team with expertise in blockchain technology and on-chain data analysis
- Budget allocation for blockchain analytics tools, data storage, and processing infrastructure
- Partnerships with leading blockchain analytics providers and auditing firms
- Collaboration with the Arbitrum Foundation and other ecosystem participants to align performance tracking efforts