Bytexplorers Mission #1: Optimism Airdrop Research
Partnering with Optimism NumbaNERDs to run a six week research program with the community, there will be OP and reputation tokens that analysts can earn.
🔉 I explained the mission in this Twitter space recording.
Now that the Bytexplorer community is close to 200 members, we’re kicking off our first mission quest!! Mission quests are partnerships with foundations across the crypto ecosystem to openly discuss and answer high-value research questions.
The first mission starts today, and it will last for six weeks. We will choose a partner and mission each quarter, and are hoping to collectively tackle some of the biggest questions in the crypto data space.
Our first mission will be with the Optimism NumbaNERDs!
You will need a Bytexplorer pass to participate, if you’ve completed an Optimism NumbaNERD mission before then you can get one dropped to you for free by filling out this form. Otherwise, you can mint a pass here.
NOTE: This mission has concluded, we had 18 explorers submit 30+ discoveries. Thank you to everyone who participated! Distribution of votes and rewards are as follows:
Optimism Airdrop Research
Optimism announced Airdrop #4 recently to allocate over 10M OP to over 22k unique addresses and reward Superchain creators (docs).
The focus of this mission will be understanding onchain behaviors of recipients before and after the drop, relating to usage of protocols and governance activity. Questions will be split into three levels:
Large (1500 OP): Open-ended questions where we value novelty and creativity of approach the most
Medium (400 OP): Questions that have definite answers, but have a large surface area (i.e. identifying different sybil groups).
Small (120 OP): Questions that are bite-sized and have a definite answer
There will be a novelty reward (400 OP) split across most novel submissions too. You will also earn Optimism Guild Tokens for your participation and quality of work.
Below are the list of questions we are interested in answering. The section after this will detail how to participate.
Large (👉 Submit Here, Closed April 28th):
🔊 Twitter Space discussing questions
LTV analysis on airdropped users i.e. how much did the airdrop contribute to long term usage expected versus actual?
i.e. let's say a user transacts twice a month on an nft marketpace, around 200 USDC. That's annualized to be 12 txs a year or 2400 USDC. Maybe after an airdrop, the annualized goes up is 20 txs a year with higher avg value size so maybe 5000 USDC (subtract your airdrop value amount to reduce noise).
LTV can include growth rate as well. It’s possible that a user’s pre versus post airdrop growth rate of activity (value) changed - so that’s important to take into consideration. You could also attribute value from collectors brought in as well, so it’s not just the creator’s individual transaction value.
Compare optimism airdrop to other protocol airdrops metrics/parameters?
Comparison of tiers and retention - could even do across just optimism airdrops, and even grant funding. Note that OP airdrop 1 and 4 were claims, 2 and 3 were pushed to wallets.
What are good metrics to use to compare against airdrops?
What other factors make up a quality creator? Are there better onchain metrics?
quality of collectors (fees/value spent)? farcaster activity of creator/collectors? secondary volumes?
Which delegates have the most “active” delegator base? Is it correlated with the most actively voting delegates?
In depth analysis of delegate clusters on specific kinds/types of proposals, using proposal metadata. How many delegates do we have per “topic”, sometimes can be seen in titles?
https://community.optimism.io/docs/governance/token-house-history/
https://github.com/voteagora/governor (proposal rules)
Medium (👉 Submit Here, Closed April 7th):
🔊 Twitter Space discussing questions
Segmentation of claimers based on protocols.
Did this airdrop help to grow the creator and NFT community on OP Chains?
Any noticable sybil aggregations of airdrop claims?
Any overall protocol usage changes (i.e. did any specific protocol see changes in volumes/users)?
Small (👉 Submit Here, Closed March 24th):
🔊 Twitter Space discussing questions
How many claimers of the airdrop?
What are the overall claim rates?
What is the claim distribution by amount?
Change in delegation totals and percentage of totals by delegate?
Did delegatees end up delegating their airdrop to the same delegates they already supported?
How many claimers that were already delegated stayed delegated (in addresses terms & OP terms)?
How many new delegations remained delegated?
Note: delegation was part of the claim process
If you have questions that are related to the ones here that you wish to tackle (or you want clarification), please reach out in the Bytexplorer telegram group and we can discuss adding them.
Mission Participation and Guidelines
Every two weeks, participants will submit their answers to the next level of questions -I’ll call them “checkpoints”. Anyone can submit, and you can choose to submit your work to only one checkpoint level or all of them if you want.
The checkpoint timeline looks like this:
“Small” questions are due after the first two week period (March 24th)
“Medium” questions are due after the second two week period (April 7th)
“Large” questions are due after the third two week period (April 28st)
Voting for each checkpoint lasts two weeks. Novelty rewards will be decided at the very end. The NumbaNERD committee will get 50% of voting power, and the rest will go to trailblazers in the Bytexplorer community. It is a requirement to get 100 votes from the NumbaNERD committee for your submission to count towards a given level.
We will use jokerace for this. The split of reward is based on sum of points of submissions that qualified in category, where points are defined using the quality of submission (valid, great, superb, exceptional). This is the same as the weekly quest rubric. So if 15 people all score exceptional (64 points) on the large checkpoint, then that’s a total of 960 points. Each person would earn 100 OP tokens (64/960)*1500.
Again, you will need a Bytexplorer pass to participate. If you’ve completed an Optimism NumbaNERD mission before, you’ll get a pass dropped to your wallet by filling out this form. Otherwise, you can mint a pass here.
Learning and Data Resources
We will host weekly Twitter spaces to dive into questions and topics, and will also be active in the Bytexplorer telegram group to help with ideation and queries.
Here are a list of relevant data resources you can use to jumpstart research from:
Claim Contract: 0xfb4d5a94b516df77fbdbcf3cfeb262baaf7d4db7
Address list: https://github.com/ethereum-optimism/op-analytics/tree/main/reference_data/address_lists
dune.oplabspbc.dataset_op_airdrop_4_addresses_detailed_list
dune.oplabspbc.dataset_op_airdrop_4_simple_list
Logic that you can use to map creators to contracts: https://dune.com/queries/3452893
Note that this is not perfect as contract creation could be done by a relayed / sponsored transaction or first minter as the deployer. If you have better ways to attribute, please let us know!
Onchain contract <> project name mappings: `contracts.contract_mapping`
Governance delegates and proposals
“op_governance” and “governance” spell namespaces
check “governance_optimism.agora_proposals” namespaces for more up to date proposals. op_governance has older ones.
OP token house delegate and delegatees analysis (dash)
Best of luck on your mission, explorers 🚀