EFP: Service provider financial and progress reports

Reason

While not required by the program, we believe transparency and accountability for how service providers are using their streams is critical to the success of the streaming program and for the ENS DAO in general. We offer this report in addition to our regular updates on the ENS DAO Ecosystem Working Group calls and our Twitter account.

Previous Reports

Previously, I made a new post for each report. Going forward I will simply add new reports as replies in this thread.

Previous reports:

Q4 2024

Financial Statements

Income

We had no additional income beyond the ENS DAO stream.

Expenses

Our biggest expense remains our team pay, which includes our core team and a few outside advisors we use as needed (see our Team page ).

A few significant unusual expenses included:

  • POAPs: We purchased additional claim links of our Early 2024 POAP due to high interest at the end of the year, as well as purchased links of our new 2025 version in anticipation for the new year
  • efp.eth renewal: The expense in Other was renewing efp.eth for 10 years
  • Domains: Services was higher than normal with the acquisition of a few strategic domain names, including efp.app and efp.me.

Progress

Stats

Since EFP launched at the end of Q3, most of its history live onchain has been in Q4 2024.

As of right now, we stand at:

  • 23.1k unique list minters (closest thing to unique users)
  • 472.4k list ops (onchain actions like follow, tag, etc)
  • 39.2k lists minted (some users have more than one)
  • 36.6k addresses that touch EFP in some way (by either doing the following, or getting followed; the number of addresses that have some signal about who they are from EFP)

Dec 30th set a new record for onchain users of EFP at 2,419, surpassed the next day on Dec 31st, with a new record of 3,582.

You can see more on Dune here and here.

Ethereum Identity Kit

On December 20th, we launched Ethereum Identity Kit version 0.1.2, a new dev kit to make it easy for developers to use the Ethereum identity stack in their app, with significant interest right away.

As explained in our tweet thread announcement, this first public release Profile Cards (which use both ENS and EFP data), API for ENS and EFP data, playground, and more. In future releases, we plan to add SIWE and EFP Follow buttons, and much more. We’re committed to making it easy for the Ethereum identity stack to be universally integrated throughout crypto and beyond.

And we’re dogfooding from the start: all relevant components in the EFP webapp have already been switched over to the equivalent Ethereum Identity Kit component.

Frensday & Devcon

Our core team attended both Frensday and Devcon in Thailand in November. At Frensday, I presented “How EFP Got Vitalik.eth to Finally Fill Out His ENS Profile (And You Should Too)” (video here), and both Vitalik and Jesse Pollack gave shoutouts to EFP in their Frensday presentations.

I joined a panel repping EFP and ENS at a Devcon side event organized by MASK.

At Devcon we made lots of great connections, and EFP got a shoutout by Jeff Lau in his ENS presentation on the main stage.

Integrations

We got 14 new integrations in Q4, including Snapshot, POAP, Rotki, and two of the official Devcon apps.

We also added an integration counter to the EFP app navbar, which goes to a page that lists out all integrations as well as links to resources to integrate EFP into your app.

New Domain Names

Screenshot 2025-01-15 at 4.26.41 PM

We acquired and set up efp.app and efp.me (both redirect to the main website ethfollow.xyz), among other names for strategic purposes.

App Improvements

We shipped lots of significant new features and improvements to the EFP app, including:

We also completed a total code refactor of the app.

Indexer and API

We shipped a number of improvements to the EFP Indexer and API, significantly reducing code complexity, load times, and resource usage.

Key links

Stream

Ethereum Follow Protocol

Ethereum Identity Kit

14 Likes