Introducing the OPENFI Framework
OPENFI
Opportunity
How large is the Total Addressable Market? Does the project disrupt an existing market, or does it create a new market?
Product
How innovative and differentiated is the product? Is there product-market fit? How easy is it to use the product (i.e. good user interface and experience)?
Experience
Does the team have any previous experience building software and technology? Is the team well-versed in blockchain? What previous experience does the team have to ensure success?
Network Effects
Will more people in the network benefit when others join? Are there high switching costs and stickiness in using the platform?
Fundamentals
Do the underlying unit economics make sense within the current network? How quickly are users growing? How much value has been transacted or locked up?
Incentives
Are there proper cryptoeconomic incentives in place for network stakeholders and users to support blitzscaling?