S8 Impact Measurement Methodology

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Objective

This post aims to serve as a starting point for discussion with the Grants Council to align on a shared measurement approach for the impact evaluation in S8. The goal is to coalesce around a consistent measurement methodology that helps eliminate mismatched comparisons and enables credible decision-making across the Collective.

We want the Grants Council to shape this framework to ensure that it reflects shared priorities and positions us to start S8 on the same page. Ultimately, this document aims to lay the groundwork for a common methodology that can be used to evaluate all programs across the Collective, with an emphasis on consistency rather than perfection.

Success Metrics

In S8, the Grants Council will make proactive grants on behalf of the Token House to make progress towards the objective of growing TVL on the Superchain, as measured by the following success metrics:

1. Total Value Locked

   1. Why It Matters: TVL represents the supply side of onchain economic activity for use in protocols such as decentralized exchanges (DEXs) and lending markets, and strong TVL in the right places may enable greater onchain demand.

   2. Definition: Sum of all USD value of assets locked in applications on the Superchain (Link).

   3. Calculation:

      1. ΔTVL = (Number of Tokens on End Date - Number of Tokens on Start Date) * Price of Tokens on End Date

      2. Start Date = Date of Actual Grant Delivery

      3. End Date = Min(End of Incentive Period, End of Season 8)

2. Transaction Fees

   1. Why It Matters: The total fees spent on transactions maps to usage of a protocol and is a good indicator of demand for transacting onchain and serves as a proxy for users’ willingness to pay.

   2. Definition: Sum of gas fees generated from transactions that interact with the incentivized contracts (Link).

   3. Calculation:

      1. ΔTransaction Fees = Cumulative Transaction Fees on End Date − Cumulative Transaction Fees on Start Date

      2. Start Date = Date of Actual Grant Delivery

      3. End Date = Min(End of Incentive Period, End of Season 8)

Data Requirements

The following data needs to be collected from grantees in the application process to make a more accurate attribution logic possible.

• OP Grant Scope:

  • Scope: Detailed description of planned incentives deployment, including chains, protocols, contract addresses, and pools (if applicable). Token amounts must be mapped to contract addresses in advance as well as tied to the respective start and end dates. One of the two success metrics has to be selected, and if transaction fees are chosen, the targeted contract address(es) must be provided too

  • Deployment timeline: Summary of exact deployment timelines of incentives

    • Example: Uniswap V4 Campaign on Unichain; Total OP Grant: 250K OP;
      (1) USDT0/USDC on Uniswap V4 (0xaf…): 50K OP (20%), 9/1/2025 - 9/15/2025;
      (2) ETH/WBTC pools on Uniswap V4 (0xbb…): 50K OP (20%), 9/15/2025 - 9/30/2025;
      (3) sUSDC/USDT0 on Uniswap V4 (0x32…): 150K OP (60%) , 10/1/2025 - 10/15/2025

• Co-Incentives:

  • Amount of co-incentives: Disclosure of exact co-incentives amount(s)

  • Scope: Detailed description of planned co-incentives deployment, including chains, protocols, contract addresses, and pools (if applicable)

  • Deployment timeline: Summary of exact deployment timelines of co-incentives

    • Example: Soneium ACS campaign; Total Co-Incentives: $2M/70M ACS;
      (1) USDT0 pool on Sake Finance (0x44…): $1M/35M ACS (50%), 8/1/2025 - 8/15/2025; (2) ETH pool on Sake Finance (0x35…): $1M/35M ACS (50%), 8/16/2025 - 8/31/2025

• List of Addresses:

  • Addresses: Comprehensive list of addresses intended for the deployment and transfer of the OP grant

  • Purpose: Breakdown of address tags that outlines the purpose of each address

    • Example: 0x8429800d10906ff1Ba73eB36314961981679B2D3 (Project Treasury), 0x1129800d10906ff1Ba73eB44414961981679B2D3 (Incentives - OP Mainnet), 0x3329800d19876ff1Ba59eB36314961111679B2D3 (Incentives - Unichain),
      …

Importantly, data collected through the grant application form must be made available in a machine-readable format to enable the entity or person conducting the impact evaluation to ingest it into a structured database.

Proposed Attribution Methodology