🚨📊 @ether_fi and Token Terminal have partnered for data. ▪️ ether_fi is one of the fastest-growing liquidity staking projects on @ethereum, @base, @HyperliquidX, @Scroll_ZKP, and @arbitrum. It recently transitioned to an alternative banking platform, allowing users to stake, earn yield, and spend from a single, self-custodial account. ▪️ The project has raised approximately $32 million in venture capital from firms like CoinFund and Maelstrom, and its core contributors have extensive experience building on-chain protocols. ▪️ Currently boasting over $12 billion in total locked value, ether_fi recognizes the importance of reliable, consistent, and data-driven stakeholder reporting. Reliable on-chain data and transparent stakeholder reporting are crucial. ▪️ To improve existing on-chain analytics and stakeholder reporting, ether_fi has partnered with Token Terminal. Token Terminal is a leading on-chain data platform trusted by institutional and retail partners such as Bloomberg, Binance, and Coingecko. ▪️ Token Terminal's focus on data standardization makes it an ideal partner for ether_fi. ▪️ Token Terminal's previous public reporting of standardized financial and usage metrics for other leading DeFi projects, such as pendle_fi, aave, and MorphoLabs, further solidified ether_fi's decision to partner with it. "By partnering with Token Terminal, we are able to benchmark our performance against our competitors in a fair and accurate manner. Having a real-time dashboard on Token Terminal is incredibly useful not only for our team, but for all ether_fi stakeholders." @MikeSilagadze, @ether_fi Core Contributor Data Partnership ▪️ To ensure accurate and ongoing stakeholder reporting, ether_fi has established a data partnership with Token Terminal. The data partnership consists of four (4) distinct parts: 1. Smart Contract Registry ▪️ Since @ether_fi is not an application chain, but rather a set of smart contracts running on multiple chains, there is no need to set up node infrastructure as a first step. Token Terminal was able to rely on its existing node infrastructure. ▪️ First, the ether_fi and Token Terminal teams collaborated to build a token registry for ether_fi smart contracts. ▪️ A complete smart contract registry is a prerequisite for the next step: converting raw blockchain data into standardized financial and usage metrics. 2. Metric Conversion ▪️ Using the information in the smart contract registry, Token Terminal’s research team converts raw blockchain data from smart contracts into standardized financial and usage metrics. ▪️ For liquidity staking projects like @ether_fi, standardized metrics include total value locked, fees, revenue, daily active users, etc. 3. Discovery and Reporting ▪️ Following the completion of the metric conversion, @ether_fi is now live on Token Terminal's Liquidity Staking Markets dashboard and featured on the recently launched Discover page. ▪️ As a result, limited partners, developers, and investors can now refer to a single source to decide which liquidity staking projects to use, integrate with, and/or invest in. ▪️ For ether_fi, the dashboard on Token Terminal simplifies reporting to existing and future stakeholders. 4. Data Maintenance ▪️ Standardized on-chain metrics require ongoing maintenance, especially when ensuring completeness and accuracy. ▪️ Over the past few years, as more DeFi projects have evolved from single-chain applications to multi-chain applications, often with multiple business lines, the scale and importance of this maintenance effort has grown. ▪️ Establishing a data partnership with Token Terminal means @ether_fi can rely on Token Terminal to manage all future metric updates, allowing it to focus all its efforts on growing its on-chain business. Future Opportunities ▪️ In addition to standardized financial and usage metrics, ether_fi and Token Terminal are eager to explore opportunities to create custom dashboards that include more project-specific metrics. ▪️ These dashboards will provide LPs and other stakeholders with deeper insights into platform functionality and performance. ▪️ Through our partnership with Token Terminal