The Importance of DAO Financial Reports and Dashboards
In traditional investing, we know the revenue and results of the company only by the end of each quarter.
In crypto investing, we can check the revenue and results by the end of each day.
It would be a good practice for crypto communities (DAOs) to work on their detailed quarter financial reports, but also on “official” and easy-to-read dashboards.
The dashboard could show the main value metrics of the protocol (last 30d revenue, revenue composition, costs, profit, etc).
We have seen communities as Yearn and Index Coop taking the lead on financial reports.
Index Coop launched their financial report rich in details about many initiatives but also has an incredible dashboard to follow the value metrics.
Source: Index Coop Q3 Financial Report
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Source: Index Coop Dashboard
DeFi is all about being open and transparent. Financial reports and dashboard are totally aligned with these values and help to build trust with people.
I am happy to see this advancing and DAOs as @llamacommunity_ working to build standards for the crypto financial reports.