Made a suggestion here Voting Cycle #2: Roundup - #29 by cryptouser42 that could help in future rounds. Also there seems to be some projects totally missing from the vote. I think proposals should only be put for vote if explicit confirmation of support from a delegator.
Hello Tongnk,
Regarding relevant metrics that are publicly available they have been provided in the proposal:
- 150,000+ users
- 600,000+ transactions this year
- $400,000,000+ held by users as of May
- 18 chains supported (including optimism in the next major release)
These stats are currently only for desktop (Windows, Mac and Linux). Once we launch Infinity Wallet Mobile we expect to grow and onboard a much larger userbase.
As for a Dune dashboard, Infinity Wallet is an EOA wallet without a specific contract used, so there is no way for Dune to track data of the Infinity Wallet. You could check our website traffic, which although is not proof of users, may give you a general idea. We have had recently around 120,000 unique visits a month in the current market, and although similarweb is not 100% accurate, it is close to the number of visits we have in our internal analytics. infinitywallet.io Traffic Analytics & Market Share | Similarweb
We are also supported across almost every project via Wallet Connect on desktop, and are working with many top chains on supporting their ecosystems directly in the Infinity Wallet, as well as selected in the BNB MVB IV, and voted top 10 project by KCC.
Most of these metrics look like vanity metrics and donât really give the underlying usage. Some examples:
- What do DAUs look like?
- Whatâs the median wallet value?
- Whatâs the avg daily tx value?
We only have aggregated data / overall figures, as we provide users with a high degree of privacy. Regarding the metrics you have asked, you can use the existing metrics provided publicly to get a rough estimate of some derived metrics:
Avg wallet value (total value held / wallet users) â $2,666
Avg daily transactions (transactions this year / days passed this year) â 3,900 (Note: this does not include DApp interactions)
The core metrics provided are only to give a rough insight into usage for a general understanding of the userbase. The data is up to the end of May, and has been rounded down to 1 or 2 significant figures.
Voted for IW with the small amount of OP I have Shame someone with 400k OP voted NO clearly they didnt do much research or know how big IW is in the space xD
Voted: Yes
Pros:
- 80% of requested fund is either going to DApps dev on Op Chain or to project intergrating the wallet, we need more project/DApps integration, hence voted yes.
Cons:
Wallet market is crowded, apart from that I dont see any.
Now, I am requesting your feedback on these of my ideas. Feedback is two-way approach, you help us and we help you.
The 400k was the guy above you @tongnk. I think he wanted their inside information which realistically no platform is ever going to share their full metrics public due to possible competitors, private information or even company policies.
They provided the general stats all platforms should be required to provide which some have not and I am actually surprised they provided him with additional information as it was a far reach from him!
This is another reason why there needs to be a oversight committee to improve voting/governance on proposals, since delegators can essentially force projects into providing inside information and if they dont provide then be threatened with a NO. Some delegators might be competitors to these projects or support another project and only after the inside information.
Example @tongnk on the PERP proposal for 9,000,000 OP was asked to provide additional information/metrics and never did! I am guessing most likely due to the same reasons I commented above why most projects will be reluctant to provide additional metrics publicly!
I will be voting Yes for Infinity Wallet.
Mainly because I am a user of the platform and would like to see Optimism ecosystem supported . Though the main reason is because itâs the only platform I know of in the market delivering such a platform of high quality. I believe they will play a large role in driving crypto & defi mass adoption over the long term.
As a user of Infinity Wallet I donât really agree with this Con for Infinity Wallet:
You are correct that the market is crowded with wallets on Mobile and even Browser Extensions, but Infinity Wallet is a Desktop wallet and there is not many of them. In fact I believe itâs the only wallet I know of itâs kind on Desktop, which is providing full access to web3 directly within the wallet, along with many other unique things they have.
The current wallet market for mobile and browser extensions is saturated mainly because the majority of wallets are just all the same thing cloning each other with little innovation, with most lacking in nearly everything, providing a terrible user experience, unprofessional and old user interfaces, lacking in providing a variety of services and literally no user support.
If you look at the market and search for quality wallets you will be lucky if you can find more than 5 wallets at best. Yes the market for mobile and browser extensions may be crowded, but the problem is that itâs with a lot of low quality projects that wonât be around for the long term. Itâs the exact same issue with DeFi where majority of projects are just cloning each other. This market needs to focus more on funding the projects that are driving innovation and providing quality for long term mass adoption of the space.
This is why I love using the Infinity Wallet, their team has a clear focus on the long term to drive adoption and is always bringing new developments. They provide a range of unique services, one of the best user interfaces in the market and provide the best user experience. Also they are the only platform I know that has live support on a decentralized wallet and they have helped me on a couple of occasions. Live support in the Defi space will make a massive difference on the overall user experience and make users more comfortable in using Defi or entering the space.
Note: When I contacted their live support it was related to some DApps I was trying to use via their wallet, because the DApps didnât have support of their own I contacted the Infinity Wallet live support and they were very helpful in providing support for a platform they didnât even operate.
At the moment I am currently using Trust Wallet on mobile and Infinity Wallet on Desktop. I am really looking forward to when they release mobile so I can switch over to something far better, from the sneak peaks they shared a while back it looked to be one of the best designed mobile platforms I have seen in the fintech and crypto space.
Well here goes an example of a project knocking it out of the ball park! Solana Mobile debuts Saga, a flagship Android phone for web3 I donât see this project doing that. And here goes more buzz that they crated. Solana Saga Is a Fancy Android Phone for Crypto Traders - CNET
Solana is making a crypto phone with help from former Essential engineers - The Verge
This proposal fits into Gov Fund Phase 1 but the proposal is not convincing: Voting No
Value-add: Okay - many bigger wallets are also supporting Op
Amount: Ok
Op distribution: Bad
Co-incentives: None
This funding roundâs goal is primarily in increasing liquidity and users on Optimism. Top Wallets can definitely help with that. We are not fully convinced that Infinity Wallet can add significant value based on this proposal & the market share. We are not very supportive of funding internal development or an airdrop - as that does not help growing the Optimism ecosystem in the long-term but might rather have negative consequences. Incentivization of developers sounds good but is very broad in the proposal. Looking forward to a more detailed, long-term sustainable proposal in one of the next Phases.
Yes Infinity Wallet. Best wallet on desktop will bring large users to OP and Binance has tweeted about them some times that how I got to know about them
@ScaleWeb3 I am reading your replies all over the forum and I am trying to understand how you evaluate projects since it looks like you donât base your replies on the project and show little research on projects.
It looks like you look at what sector the project is in and based your opinion on that rather then the project its self.
IW proposal from what I can see if funding developers to build on OP similar to ParaSwap, so two similar cases yet one you say distribution BAD and other its GOOD.
As also shown on WardenSwap your decisions seem to be biased based on what you have used as you know those platforms and little research on the platforms you havenât used. Your replies on a couple of projects show clear lack of knowledge or minimum research which is not good as a delegate.
infinity wallet i installed a few days ago after it was recommended it looks unique and will be moving over some crypto to try it out
At this point, we have to assume youâre trolling but we will give one more answer to show that we have best interests for the Optimism ecosystem, token holders and ecosystem apps.
The proposals differ significantly in quality and value for the Op ecosystem:
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Paraswap is a top 3 DEX Aggregator. Infinity Wallet is not a top 10 Wallet.
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Paraswap shows high long-term alignment with Optimism (Permanent liquidity, etc.). IW not to the same degree.
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IW uses 55% of funds for low-value airdrop & internal integrations. Paraswap incentivizes with 65% others to also build on Optimism, integrate Paraswap Optimism integrations.
Paraswap:
- 50% $OP will be distributed to new dApp and app developers that integrate ParaSwap into their swaps and interact directly with the Optimism ecosystem. If any particular type of dApp is preferred, we can work with the OP governance to further decide what kinds of apps receive a certain amount of the allocations.
- 35% of $OP will be used to establish permanent, protocol-owned liquidity on Optimism. This would lead to no dumping of $OP onto the market compared to liquidity mining rewards.
- 15% $OP will be distributed to successful DexLib integrations in the Optimism ecosystem. We will provide a flat reward for any integration, followed by a bonus depending on success metrics.
IW:
- 15% for Optimism marketing campaign (Airdrop to 150,000+ users, rewards for completing activities and other marketing initiatives to drive awareness and adoption);
- 45% for developers that deploy on Optimism and work with Infinity Wallet to receive a reward, incentivizing additional DApp development on Optimism;
- 40% for ongoing Optimism support into new features/services and continued DApp integrations. Thereby directly benefitting Optimism DApps by allowing us to waive our usual fee for Optimism DApp integrations. In addition to working with our partners to provide support for Optimism to be as easy as possible to onboard to, as it is for our other supported chains;
We appreciate your support, and have given some feedback on your threads shared.
@matacen We appreciate your support, but could you take the conversation to a separate thread to keep things here on topic. Thanks
Thank you for sharing your feedback @scaleweb3
While market share is important (of which we are a top 10 desktop wallet, and the first non-browser extension Web3 desktop wallet), I would ask you to also consider market innovation. Access to Optimism and DApps on desktop is currently restrained to unintuitive browser extension wallets. We look to change that by integrating Optimism into the Infinity Wallet to provide an enhanced Web3 experience, enabling access for all users regardless of their technical ability.
Our proposal is focused around both short, and sustainable long term adoption of Optimism.
In the short term:
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In addition to the upcoming initial Optimism support within Infinity Wallet, we look to introduce Optimism to our users through various airdrops/events. We see this as a great potential opportunity to bring new users to Optimism, which should have a low overlap with other Optimism airdrops since our users did not previously have access to Optimism within the Infinity Wallet. Additionally, due to being a multi chain wallet, it could attract users that may have never looked into or been incentivized to try Optimism before. From Web3 uninitiated Bitcoin holders, to Web3 veterans actively using other chainâs DApps in the wallet.
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In regard to potential negative consequences you mention, to be able to sell the airdropped OP tokens would require Optimistic Ethereum as gas. Bridging ETH to and from Optimism could consume most or all of any potential profit from the small airdropped amount, and would currently require some research on how to acquire it (Although we do look to make onboarding ETH to Optimism for gas much easier from within the wallet in the future). Once a user has onboarded to Optimism, we believe it would be much more likely that they would stick around to see the benefits on offer (especially as we hope to provide them with a rich selection of Optimism DApps to discover and connect with as part of this proposal).
In the long term:
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Long term is the main focus of the proposal. To attract further DApp development on Optimism, and to support them as part of a rich selection of Optimism DApps for users to easily discover and use, from within a user focused all-in-one platform.
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We see this as sustainable long after the incentives have been distributed, as we look to create real value. Laying the foundation for user focused DApp usage on Optimism. With a large proportion of any DApps deployed expected to remain on Optimism indefinitely.
Regarding alignment, as a multi-chain wallet ecosystem with a strong focus on ease of Web3 adoption, we are absolutely aligned to support Optimism and leverage its benefits for the years to come. With the more DApps and developers we support on Optimism, the more features and services that support Optimism, the more opportunities it can bring to the overall ecosystem, leading to lasting long term adoption.