Proposal for updating Bonecrusher Metrics on Main Website

This proposal advocates for the visual integration of key knBONE/BONE farming metrics directly onto the k9finance.com website's main banner. By displaying "knBONE/BONE Total Staked Liquidity," "Max Farming APR," and "Total USD TVL" alongside existing KNINE staking data, the aim is to provide comprehensive, at-a-glance information, fostering greater user awareness, engagement, and participation in the K9 Finance farming ecosystem.

Proposal: Display knBONE/BONE Farming Metrics on Main Website Banner

(1) Introduction and Objective

The K9 Finance website currently provides essential metrics for KNINE staking directly on its main banner, offering users immediate insights into engagement and value. However, equally important data for the knBONE/BONE farming pool, a core component of our liquid staking ecosystem, is not afforded the same prominent visibility on the homepage. Users must navigate to the specific farming section to access this information.

The objective of this proposal is to visually integrate key knBONE/BONE farming metrics onto the main banner of k9finance.com. This includes displaying:
• knBONE/BONE Total Staked Liquidity
• Max Farming APR
• Total USD TVL (Total Value Locked)

This initiative aligns with K9 Finance DAO’s goals of enhancing user transparency, promoting participation across all core products, and making critical information more accessible to both new and existing community members.

(2) Benefits to K9 Finance Community

Implementing this proposal offers several distinct advantages for the K9 Finance community:

• Improved Transparency: Provides immediate, at-a-glance access to vital performance indicators for the knBONE/BONE farming pool directly on the homepage, making information more readily available to all users.
• Increased User Adoption: Highlights the attractive opportunities within the farming ecosystem, encouraging more users to explore and participate in knBONE/BONE liquidity provision and staking.
• Informed Decision-Making: Enables users to easily compare the value and potential returns of both KNINE staking and knBONE/BONE farming, empowering them to make better-informed decisions about where to allocate their assets.
• Boosted Ecosystem Growth: Drives increased liquidity and Total Value Locked (TVL) within the knBONE/BONE farming pool, strengthening a critical component of the K9 Finance protocol and contributing to the overall health of the Shibarium DeFi ecosystem.
• Enhanced User Experience: Streamlines the user journey by presenting key data without requiring navigation to deeper sections of the website.

(3) Proposal Details

(a) WHAT
This proposal is for a visual and data integration update to the main k9finance.com website banner. Specifically, it involves adding dynamic displays for the following metrics related to the knBONE/BONE farming pool:
• knBONE/BONE Total Staked Liquidity: The total amount of LP tokens (representing knBONE and BONE) currently deposited in the farming pool.
• Max Farming APR: The highest Annual Percentage Rate (APR) currently offered within the knBONE/BONE farming pool.
• Total USD TVL: The USD estimated value of all assets currently staked within the knBONE/BONE farming pool.
These new data points will be displayed alongside the existing KNINE staking metrics (Total KNINE Staked, Max Staking APY, Total USD TVL) to maintain a consistent and comprehensive overview. The data for these metrics is already available and actively updated within the “Farming” section of the K9 Finance dApp.

(b) WHO
The following stakeholders are primarily involved in and impacted by this proposal:
• K9 Finance Development Team: Responsible for the technical implementation, including frontend updates to the website banner and ensuring seamless data integration from existing backend sources.
• K9 Finance Marketing Sub-DAO: Can leverage this enhanced visibility in promotional efforts, highlighting the growing activity and attractive returns of the farming pool.
• K9 Finance Community: All users, especially those interested in liquid staking and yield farming, will benefit from the improved data accessibility and transparency.

(c) WHERE
The implementation and its impact will be centralized on:
• The primary banner/homepage of the official K9 Finance website (k9finance.com).
• The existing data infrastructure that feeds metrics to the K9 Finance dApp’s “Farming” section.

(d) WHEN
The proposed timeline for implementation is as follows:
• Phase 1 (1-2 weeks): Technical review and planning by the Development Team to assess current data integration and banner display capabilities.
• Phase 2 (2-3 weeks): Development and internal testing of the banner update and data feeds.
• Phase 3 (1 week): Deployment to the live k9finance.com website and post-launch monitoring to ensure accuracy and functionality.
This is a relatively small and straightforward development task, leveraging existing data and infrastructure, allowing for a swift rollout upon approval.

(e) HOW
The implementation of this proposal will primarily involve:
• Frontend Development: Modifying the existing website banner’s code to create new display elements for the knBONE/BONE farming metrics.
• Backend Integration: Connecting these new frontend elements to the existing data sources that currently power the “Farming” section of the dApp. This involves retrieving and formatting the “total staked liquidity,” “max APR,” and “total USD value locked” for the knBONE/BONE pool.
• No Additional Funding: This proposal requires no new budget allocation as it leverages existing data infrastructure and capabilities within the current development and operational scope. It is solely a visual and data presentation enhancement.

(4) Impact Assessment

  • Short-Term Impacts
    • Immediate increase in the visibility of K9 Finance’s knBONE/BONE farming opportunities on the main website.
    • Potential for increased click-through rates from the homepage banner to the “Farming” section, driving more user engagement with the product.
    • Positive community sentiment regarding enhanced transparency and a commitment to user-centric data display.
  • Long-Term Impacts
    • Sustained growth in user participation within the knBONE/BONE farming pool, contributing to overall liquidity and stability.
    • Strengthening of K9 Finance’s brand as a comprehensive and transparent liquid staking and DeFi platform on Shibarium.
    • Potential to attract new users who prioritize easily accessible and comprehensive financial metrics.
  • Risks and Mitigation
    • Risk: Information Overload: Adding more data to the banner could potentially make it feel cluttered.
      • Mitigation: The design will prioritize clarity and conciseness, possibly using a clean layout or a subtle animation/rotation if space is constrained, to ensure an optimal user experience. The development team will focus on a clean and intuitive presentation.
    • Risk: Minor Development Effort: While generally low, any development task carries a small risk of unforeseen issues.
      • Mitigation: The task is well-defined and uses existing data sources, minimizing complexity. The experienced development team can easily integrate this update without impacting critical roadmap items.
  • Metrics for Success
    • Successful and accurate deployment of the knBONE/BONE farming metrics on the main website banner.
    • Positive feedback from the K9 Finance community regarding the improved data visibility.
    • Monitor engagement with the “Farming” section post-implementation (if analytics are in place to track banner clicks).
    • Long-term observation of Total Value Locked (TVL) and active participants within the knBONE/BONE farming pool.
5 Likes

First time using the Proposal Bot and First ever Proposal so don’t hit me to hard :sweat_smile:

4 Likes

cracks knuckles
Let’s give this a full read through!

At first blush, I love proposals that integrate more data and visibility, and K9 has always been all about full transparency.

I like this proposal and only want to hear more feedback from the Management Council as to how much work this would be. It’s a great visual and tool to have, but would want to make sure that the team has bandwidth and dev resources to dedicate to it.

Thank you Mudd

I introduced a first-time crypto investor to K9, and they chose it as their initial investment. However, when they visited the website, their immediate reaction was that the displayed 2.5% return didn’t seem very appealing. I showed them the app, which highlighted a 7% return in the farm, and they remarked, “Why doesn’t the website show this number too? It feels like a missed opportunity.” As a newcomer to crypto, their first impression suggests the website could better showcase the higher returns to attract investors. It’s not the most technical proposal, but after hearing their feedback personally, I felt it needed to be mentioned for at least discussion.

3 Likes

It can be hard when a platform offers a multitude of options.

Again, i support a proposal like this to give more ways for community and investors to understand the data.

And as you experienced, entice new investors

2 Likes