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feat(#major); friend-tech; add friend-tech subgraph (#2384)
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.DS_Store | ||
configure.ts | ||
docs/ |
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# Friend Tech Protocol Subgraph Metrics Methodology v1.0.0 | ||
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friend-tech subgraph based on a non-standard schema - (derived from generic schema v2.1.1). | ||
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## Business Summary | ||
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- Friend.tech is a decentralized social network. Users can buy and sell `keys` (previously known as `shares`) that are linked to Twitter (now X) accounts. These keys offer access to private in-app chatrooms and exclusive content from that X user. | ||
- Social tokens combine aspects of traditional cryptocurrencies with patronage systems, allowing influencers, creators, and others to monetize a fan base in exchange for exclusive offers and content. | ||
- The price of keys is determined based on the concept of a bonding curve. The price follows a mathematical relationship to the supply of the keys within a given group. Therefore, the more shares purchased, the higher the chances of the prices increasing. | ||
- Every key-related buy-sell transaction attracts a 10% fee — half of which goes to the creator, and the other half goes to the treasury. | ||
- Every user is either a "subject" or a "trader" at Friend.tech. | ||
- Subjects (the creators) register on the platform by connecting their Twitter account, and enable people to speculate on their keys. They earn a fee on each trade. | ||
- Traders (the followers) buy / sell keys of subjects. Depending on how big the subject’s network grows, the key price appreciates, and traders can then sell it for a profit, or keep holding. | ||
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## Financial and Usage Metrics | ||
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> Note: `trade value = key value + subject fee + protocol fee` | ||
Total Value Locked: | ||
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- TVL = ∑ (key value in Buy trades) - ∑ (key value in Sell trades) | ||
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Revenue: | ||
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- Total Revenue = 10% total fee on trade value | ||
- Supply Side Revenue = 5% subject fee on trade value | ||
- Protocol Side Revenue = 5% protocol fee on trade value | ||
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Volume: | ||
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- Buy Volume = ∑ (key value in Buy trades) | ||
- Sell Volume = ∑ (key value in Sell trades) | ||
- Total Volume = Buy Volume + Sell Volume | ||
- Net Volume = Buy Volume - Sell Volume | ||
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Activity: | ||
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- There are two groups of users, `Traders` and `Subjects` | ||
- Traders can further be classified into `Buyers` and `Sellers` | ||
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## Links: | ||
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- Protocol: https://www.friend.tech/ | ||
- Main Contract: https://basescan.org/address/0xcf205808ed36593aa40a44f10c7f7c2f67d4a4d4 | ||
- Stats Dashboards: | ||
- https://dune.com/cryptokoryo/friendtech | ||
- https://dune.com/austin_adams/friendstech-dashboard | ||
- https://dune.com/hildobby/friendtech |
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