RocketPool Chat
The vast array of crucial information is currently scattered across multiple platforms such as Discord, Forum, Dune, YouTube, and official documentation. The objective for Rocket Pool, like any protocol, is to simplify access to this information in a manner that is both user-friendly and familiar. We propose that a chat interface is the ideal solution for this.
Given the anticipated surge of new Web2 users entering the crypto space in the coming years, adopting this proposal is a logical step. We believe that our chat could be a key factor in why individuals might choose Rocket Pool over its competitors. Our assessment is that the present Rocket Pool community, encompassing 10,000 RPL holders and 19,000 rETH holders, along with prospective newcomers, do not have a single point for starting out and accessing reliable information in a user-friendly manner.
Our proposal here is to create a basic version of the chat to evaluate its potential value for the community. This minimal version will serve as a test to gather feedback and gauge interest from users. If Rocket Pool finds this initial chat offering beneficial, we are open to engaging in discussions about more extensive future developments.
Expanding integration to include platforms like Discord, Forum, Medium, other cryptocurrency media channels, or market feeds managed by the RP community could enhance the amount of information available for interaction, thereby significantly improving the overall user experience.
What is the work being proposed?
Develop and maintain a chat for the Rocket Pool community.
We will exclusively utilize the selected data sources. We are confident that these can sufficiently showcase the added value of our product.
- Official Rocket Pool Documentation: Static text sourced directly from the website.
- Bi-weekly Updates: The latest news and developments about Rocket Pool, gathered from the community.
- Market Feeds: Weekly updates concerning Rocket Pool. This is our proprietary solution designed to offer analytical insights into key performance metrics. This integrates blockchain data with artificial intelligence. We pledge to provide 5 market feeds, as exemplified in the link below. We are also open to sharing with the community all the queries and prompt engineering that go into the development of these feeds.
- Snapshot: Real-time access to Rocket Pool Snapshot data. We have the capability to transform user queries into API calls, executed in real time to retrieve the latest data. This data is then processed through AI to translate the results into easily understandable, human-readable answers.
Take a look at a sneak peek of our proposed chat experience via the provided link here. We’ve also incorporated market feeds to give you a better sense of the information the chat can access, all of which have been crafted using AI.
This initial chat solution will be limited to OpenAI Pro users and will not include a dedicated user interface. Upon approval, the Rocket Pool community will be provided with a link to access the chat. We will ensure the chat is regularly updated with relevant information, as outlined in the maintenance section below.
Is there any related work this builds off of?
This chat consolidates various existing resources into a comprehensive knowledge base, which encompasses:
- Official Rocket Pool documentation
- Bi-weekly updates
- Market feeds utilizing existing Dune dashboards
- Integration with RP Snapshot
Will the results of this project be entirely open source (MIT, GPL, Apache, CC BY license or similar)? If not, which parts will not be, why, and under what license will they be published?
The results of this project will be partially open source. The knowledge base will be released under the MIT License, contributing to the open-source community and allowing public use and modification. It includes:
- A comprehensive knowledge base consolidated into a single document, incorporating Rocket Pool’s official documentation and bi-weekly updates.
- Market feeds, along with the list of queries and prompts utilized for generating these feeds.
However, the rest will remain proprietary to protect our unique know-how and the specialized experience we’ve developed. This approach allows us to safeguard our intellectual property and maintain a competitive edge, while still contributing significantly to the open-source community with the other aspects of our project.
Benefits - enter N/A where appropriate
| Group | Benefits |
|---|---|
| Potential rETH holders | A first-class onboarding experience. |
| rETH holders | Improved transparency, easier access, and an enhanced user experience. |
| Potential NOs | A first-class onboarding experience. |
| NOs | Improved transparency, easier access, and an enhanced user experience. |
| Community | A space for all members to learn and stay informed about Rocket Pool. |
| RPL holders | Improved transparency, easier access, and an enhanced user experience. |
What other non-RPL protocols, DAOs, projects, or individuals, would stand to benefit from this grant?
The architecture utilized here can be adapted to multiple protocols to provide them with a similar experience.
Team
Who is doing the work?
Exponent
What is the background of the person(s) doing the work? What experience do they have with such projects in the past?
Exponent, a small team of 7 members, has been operational for several years, primarily focusing on developing products in the DeFi space. However, the events surrounding the USDC collapse this March prompted us to pivot our direction. Today Exponent integrates web3 and large language models to offer a superior chat experience to end users. Exponent is currently in the development phase of their main platform Companion, which is expected to launch in Q1/Q2 2024. Companion is designed to facilitate interaction with the cryptocurrency realm, offering both a chat interface and API functionality.
What is the breakdown of the proposed work, in terms of milestones and/or deadlines?
The link to this chat will be provided by January 31st, 2024.
How is the work being tested? Is testing included in the schedule?
We are continuously performing internal tests to ensure our quality standards are met.
How will the work be maintained after delivery?
The chat’s knowledge base will be updated in the following manner:
- Official Rocket Pool documentation: monthly
- Bi-weekly community updates: bi-weekly
- Market feeds: weekly
- Snapshot: real-time data
Our strategy involves delivering updates for the next 3 months. This timeframe is chosen because our focus isn’t on creating a finalized product, but rather on showcasing our superior chat experience. We see this as a preliminary step, opening the door to future discussions around potential integrations, extending our market reach, and exploring additional prospects.
Payment and Verification
What is the acceptance criteria?
Receiving positive user feedback regarding their interaction with our chat.
What is the proposed payment schedule for the grant? How much USD $ and over what period of time is the applicant requesting?
We are seeking a payment of $7,000. An initial $3,500 will be paid upon delivery (Jan 31, 2024), with the remaining $3,500 due after a three-month period of testing and validation (April 30, 2024), or earlier if Rocket Pool wishes to continue enhancing the product.
How will the GMC verify that the work delivered matches the proposed cadence?
While the quality of outputs from Large Language Models (LLMs) can be somewhat subjective, we plan to establish a benchmark by creating a set of frequently asked questions and providing manual answers to them. This will allow us to test various approaches and strive for the most optimal results.
The GMC will be given the opportunity to test our chat and personally assess the quality of its outputs.
What alternatives or options have been considered in order to save costs for the proposed project?
We recognize that limiting our chat’s access to only OpenAI Pro subscribers restricts its availability, but this approach significantly reduces costs. We aim to avoid allocating all our resources to develop something for which existing solutions are available.
The purpose of this proposal is, upon completion and delivery of the chat, to gauge its perceived value and usefulness within the Rocket Pool community. We believe this focused approach is reasonable and fair. We have also selectively chosen specific data sources to streamline the workload for our engineering team and keep the project scope manageable.
Conflict of Interest
Does the person or persons proposing the grant have any conflicts of interest to disclose? (Please disclose here if you are a member of the GMC or if any member of the GMC would benefit directly financially from the grant).
no
Will the recipient of the grant, or any protocol or project in which the recipient has a vested interest (other than Rocket Pool), benefit financially if the grant is successful?
no