Research Summary
The report introduces Frosty Metrics Chill Factor, a leaderboard and ranking system for Avalanche C-Chain users. The Chill Factor score, ranging from Warm to SubZero, is based on three key metrics: Participation, Consistency, and Diversity. Users can increase their score by engaging with various products and protocols on Avalanche.
Key Takeaways
Understanding the Chill Factor
- Chill Factor Scoring: The Chill Factor is a composite score based on three key metrics: Participation, Consistency, and Diversity. Participation measures on-chain activity, Consistency is based on recurring activity, and Diversity is determined by the variety of activities.
- Accumulative Points: Points contributing to the Chill Factor are cumulative and never decrease, incentivizing sustained participation and engagement. The Chill Factor algorithm balances various factors, encouraging users to explore the depth and breadth of the Avalanche ecosystem.
Boosting the Chill Factor
- Multi-Score Transactions: Certain transactions can boost multiple scores simultaneously. For instance, buying an NFT from a new collection can increase both Diversity and Participation metrics.
- Checkpoints: Chill Factor offers Checkpoints, specific objectives that create multipliers on point accrual once completed. Achieving these Checkpoints can expedite the journey to a higher Chill Factor.
Strategies for Growth
- Diversification: Engaging with as many different projects and protocols as possible can grow the Chill Factor. Being highly active on just one platform will have diminishing returns on the Chill Factor’s growth over time.
- Discovery: The integration with the broader Frosty Metrics interface provides opportunities to discover new projects to engage with, from DeFi to NFTs to Gaming.
Sharing and Competition
- Social Sharing: The Chill Factor interface includes a Share button, enabling users to showcase their Chill Factor on social media and foster competition in the quest to reach the SubZero tier.
Actionable Insights
- Engage with a Variety of Projects: To increase the Chill Factor score, users should engage with a variety of projects and protocols on the Avalanche C-Chain. This diversification can boost the Diversity metric and overall Chill Factor.
- Consistent Participation: Regular and consistent engagement with the Avalanche C-Chain can increase the Consistency metric, contributing to a higher Chill Factor score.
- Utilize Checkpoints: Users should aim to complete Checkpoints, as these provide multipliers on point accrual and can expedite the journey to a higher Chill Factor.
- Explore New Projects: The Frosty Metrics interface provides insights into top and emerging projects in the Avalanche ecosystem. Exploring and engaging with these projects can help diversify on-chain activity and increase the Chill Factor.
