As you know, the endowment RFP selected the joint proposal of @karpatkey and @Steakhouse. While karpatkey focuses on managing the endowment, Steakhouse will provide the financial reporting.
Karpatkey will provide a weekly operations report with the transactions being made. On our side, we will provide a monthly report.
While we have been quiet, work is being done in the background to be ready as soon as possible to follow the performance of the endowment. Thousands of lines of code have already been written.
Getting strong financial reporting is quite a complicated process but we are confident to get there. We are following an improved version of our accounting framework that we already used with MakerDAO.
State of the reporting
Our plan is to provide monthly reporting for ENS. While our mandate is limited to the Endowment, we want to get beyond and provide a more general view on ENS financials. We think it would be difficult for ENS community to take a decision on the Endowment without more general figures.
On top of that, we plan to have a real-time dashboard on Dune Analytics (same data). All is open sourced and the community will be free to fork them as they see fit.
Dune Analytics just changed their main query engine earlier this month, we migrated our queries but some blocking performance issues remain. We are working closely with Dune to get those solved in a timely fashion. Until those are addressed, we can’t move forward on the ENS dashboard.
The documentation of ENS accounting is here with all the links to the Dune queries (again still WIP).
Data is still not yet correct (but we are getting there!) but you will find below some examples of what we aim to produce. As we are working on the underlying queries, the style of the presentation wasn’t worked on yet.
Financials
Profit & Loss statement
This table will provide you with the complete income statement of ENS Protocol.
As customary at ENS, we split cash inflow from domain names between earned revenues and unearned revenues (that are accrued over time).
On the financial earnings, we split the variation between the currencies (USD, ETH, …), currencies M2M, investment P&L (profits from investments) and Swaps P&L (variation due to the daily price system). On the Investment P&L, you can track the performance of all investments in their base currency (excluding ETH fluctuation for ETH investments).
Balance sheet of the protocol
This view presents the assets and liabilities of the protocol.
EnDAOment
Composition
Evolution of assets
Detailed composition of EnDAOment financials
Granularity of the P&L goes down to each day and each strategy enabling complete transparency.
Next step
Our goal remains to be fully operational by the end of the month for a first monthly reporting early April.
Feel free to answer any questions.
