Blockworks Advisory Review
Statistical program retrospectives
of 10
Blockworks Advisory is the protocol advisory arm of Blockworks Research, listing economic design, DAO operations and grant-program administration among its services. As a research member of Arbitrum's Research and Development Collective it published statistical retrospectives of Arbitrum's STIP and LTIPP incentive programs; that work appears under the Blockworks Research name.
No money changes hands. This is a non-commercial project: no advertising, no sponsored placements, and no affiliate or referral links. Links to the services below earn us nothing. Every overall score is the plain average of the criteria shown on the page, so you can check the arithmetic yourself — see our rating methodology and how the site is funded.
By Dan Reyes · Updated Sep 22, 2026
Role
Program evaluation
Website
blockworksresearch.com
Criteria with nothing published
1 of 6
Sources last read
2026-09-22
Scores
Each criterion carries equal weight. The overall score is the average of these 6 scores — (5.0 + 10.0 + 10.0 + 5.0 + 5.0 + 0.0) ÷ 6 = 5.8.
Pros
- States program size and results per dollar spent: 30.65 million ARB allocated to LTIPP, about 22.87 million distributed
- States its methods: Mann-Whitney U tests and market-share normalisation for LTIPP, synthetic control for its STIP studies
- Reports are free to read without an account
Cons
- No conflict-of-interest disclosure in the reports or on the advisory page
- Covers farming and sybil risk only by quoting grantees, with no detection method of its own
- Publishes no dataset or dashboard for the programs it evaluated
What does Blockworks Advisory do?
Blockworks Advisory is the protocol advisory arm of Blockworks Research, listing economic design, DAO operations and grant-program administration among its services. As a research member of Arbitrum's Research and Development Collective it published statistical retrospectives of Arbitrum's STIP and LTIPP incentive programs; that work appears under the Blockworks Research name.
In this ranking it is listed under program evaluation.
How Blockworks Advisory scores, criterion by criterion
Each mark comes from a fixed scale published on our methodology page, and each links to the page it was read from.
| Criterion | Mark | What we found | Source |
|---|---|---|---|
| Named programs | 5 | Names two programs it evaluated with network and period: Arbitrum STIP (second half of 2023 to March 2024) and Arbitrum LTIPP (2 June to 24 September 2024). | forum.arbitrum.foundation, read 2026-09-22 |
| Disclosed volume | 10 | The LTIPP report states 30.65 million ARB allocated and about 22.87 million distributed; the STIP studies give each recipient's allocation, such as 12 million ARB for GMX. | app.blockworksresearch.com, read 2026-09-22 |
| Impact report | 10 | The LTIPP retrospective (27 November 2024) reports market-share changes and results per dollar spent, and explains its method: 30-day medians before and during the program, Mann-Whitney U tests and market-share normalisation. | app.blockworksresearch.com, read 2026-09-22 |
| Abuse protection | 5 | The LTIPP report discusses wash trading, delta-neutral farming and referral sybils reported by grantees, but describes no detection mechanism of its own. | app.blockworksresearch.com, read 2026-09-22 |
| Open data | 5 | The reports are open and name their data sources (Dune, DefiLlama, OpenBlock Labs), but no dataset or dashboard is published for the programs themselves. | forum.arbitrum.foundation, read 2026-09-22 |
| Independence | 0 | Not published. Neither the advisory page nor the Arbitrum reports carry a conflict-of-interest statement or a list of client relationships. | blockworksresearch.com, read 2026-09-22 |
Blockworks Advisory publishes nothing we could find on independence, so that criterion scores 0. That is a record of what is published, not a finding about what the firm does privately.
Who it suits
DAOs that want an independent statistical retrospective of an incentive program that has already run.
Who is behind Blockworks Advisory?
Blockworks Inc. gives its address as 133 W 19th St., New York, on its About page, and the advisory page says the practice draws on Blockworks Research.
How it compares
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Program assessments and retention analysis
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Public-goods funding rounds
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KPI-linked liquidity campaigns with open data
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On-chain incentive distribution at scale
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Milestone-based DAO grant programs
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Milestone-based ecosystem grants
OpenBlock Labs
Incentive efficacy and sybil analysis
Galxe
Quest campaigns and airdrops with identity checks
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Liquidity campaigns through a vetted LP network
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On-chain grantee accountability
Layer3
Quest campaigns with on-chain rewards
Boost
Self-serve on-chain reward campaigns
Sources
Scored from published primary sources rather than hands-on use. Every figure above comes from one of the pages below, on the date shown. Manufacturers change prices and specifications without notice — if something here no longer matches the source, tell us and we will correct it.
- 1.Blockworks Advisory: Named programs, Open data — checked
- 2.Blockworks Advisory: Disclosed volume, Impact report, Abuse protection — checked
- 3.Blockworks Advisory: Independence — checked
- 4.Blockworks Advisory: Company details — checked
Frequently asked questions
What does Blockworks Advisory do for chains and DAOs?
Blockworks Advisory is the protocol advisory arm of Blockworks Research, listing economic design, DAO operations and grant-program administration among its services. As a research member of Arbitrum's Research and Development Collective it published statistical retrospectives of Arbitrum's STIP and LTIPP incentive programs; that work appears under the Blockworks Research name.
How is Blockworks Advisory's score of 5.8 calculated?
It is the plain average of six marks, each from a fixed published scale: named programs 5, disclosed volume 10, impact report 10, abuse protection 5, open data 5, independence 0. (5 + 10 + 10 + 5 + 5 + 0) ÷ 6 = 5.8.
Nothing here is financial advice. Editorial policy · How we score · How we're funded.