Datrics Builds Historical Dashboards for the Ref Finance Decentralized Exchange
Ref Finance, a pioneering DeFi platform on the NEAR Protocol, has significantly enhanced its analytics and user experience. This transformation, powered by a partnership with Datrics, aims to revolutionize how Ref Finance understands and manages its revenue streams.
The Challenge:
Ref Finance’s growth and expansion into various offerings, including future trading and a lending/borrowing money market, highlighted a critical need: a comprehensive dashboard for tracking earnings and user activity. This gap made it challenging to analyze and optimize revenue streams effectively.
The Solution:
To address this, Ref Finance collaborated with Datrics, leveraging their no-code data science platform. The outcome was a set of sophisticated dashboards that provided detailed insights into different liquidity pools and enabled historical revenue analysis. This functionality was crucial for Ref Finance to evaluate and refine its revenue collection strategies, including the quarterly extraction process.
The Results:
- Enhanced Revenue Understanding: The dashboards offered a granular view of revenue sources, aiding in strategic decision-making.
- Optimized Revenue Collection: Insights from the dashboards enabled Ref Finance to experiment with different strategies for revenue extraction, improving their overall financial management.
- Improved User Experience: With more precise data presentation, users of Ref Finance gained better insights into their transactions and earnings.
- Future Prospects: Datrics aims to enhance these dashboards further with machine learning algorithms, potentially predicting optimal times for revenue collection.
Conclusion:
This collaboration between Ref Finance and Datrics exemplifies the power of data analytics in enhancing both operational efficiency and user experience in the DeFi sector. As Ref Finance continues to innovate, this analytics transformation marks a pivotal step in its journey toward becoming a more user-centric and data-driven platform.
The read full case study on Datrics.ai
