Key Developments Taxonomy

Status

NameDescription
CanceledAn event or proposal that is no longer relevant (i.e., a proposal merged into a newer proposal)
CompletedAn event or proposal that has been completed.
DiscussedAn event with no definitive decisions or timetables (i.e., a future release)
In-ProgressAn event that has started but is not yet completed (i.e., a hack, investigation, node issue, liquidity mining program, etc.)
PendingA proposal or event agreed upon but set to occur at a date in the future (i.e., Exchange listing or Release)
ProposedA proposal that community members are currently voting on
RejectedWhen a proposal has failed to reach quorum or fails to garner a majority of votes.

Impact

NameDescription
LowAn event in the asset’s scope that has negligible effects on the functions or longevity of the asset. Would likely not be discussed outside of the original announcement
MediumAn event that will cause a noticeable change in an asset and cause discussion within the community. It's likely to cause some media coverage
HighA significant event or change to an asset that significantly impacts how the protocol functions and how market participants interact with the asset. These events will lead to long-term changes in the asset's behavior and will likely have high media coverage
Very HighA critical event that will define one or multiple assets over the short and long term. These events can also shape entire market sectors and will have complete media coverage

Urgency

NameDescription
LowIncludes events where no action is needed, and there will be no direct impact on users and customers
MediumStandard software releases are the benchmark for this importance. Analysts flag the event for users, but the event likely doesn’t include any actionable items that are time-sensitive
HighFor events that our customers need to see but are not a “drop everything and take action” type. Generally, anything more important than a standard software release
Very HighThis is rarely used and indicates an event that directly impacts our users and their customers, particularly if an action needs to be taken or is time-sensitive

Categories and Subcategories

Category NameSub-Category NameDefinitionsExamples (Using Old Taxonomy)
Parameter ChangeInterest Rate AdjustmentInvolves an interest rate adjustment that affects depositors and/or borrowers.https://messari.io/intel/event/21056412-83be-4279-aabc-0d6ef9ffa2b9
Collateral Parameter ChangeInvolves a change to an asset’s borrowing power, usually through an increase or reduction of a liquidation threshold or loan-to-value ratio.https://messari.io/intel/event/e9f63642-bc0b-4113-927b-cb6b0738f3c6
Collateral Asset Cap AdjustmentInvolves the increase or reduction of the supply or borrow cap of a collateral asset.https://messari.io/intel/event/1ebcfdd0-3779-42ee-b08e-646d52616abd
Gauge AdjustmentInvolves the introduction or deprecation of a gauge or gauge adjustments that impact how a project’s emissions allocated to gauges are distributed.https://messari.io/intel/event/7708644b-f977-4d29-a43c-6bff2f113784
Other Market or Asset AdjustmentOther standard parameter changes that don’t fall into the aforementioned categories.https://messari.io/intel/event/775ea0a6-863d-4eaf-b367-da2654123098
Protocol Parameter ChangeInvolves the adjustment of a network parameter.https://messari.io/intel/event/ba1dcacf-7e81-48a6-9ec0-91c87f50d888
Oracle AdjustmentInvolves oracle-specific parameter changes applied to an oracle that is already in use by a protocol.https://messari.io/intel/event/ed058e26-8b00-45e1-af86-fcccc1a9257d
Fee Parameter ChangeInvolves a pre-existing protocol fee being adjusted or applied to a new market.https://messari.io/intel/event/3e89d13f-c6a5-4c3a-a5a3-56c1aa732f12
Treasury ManagementStrategic InvestmentInvolves the use of treasury assets to acquire non-like assets, usually for profit-seeking or runway-preserving purposes.https://messari.io/intel/event/a74360b3-95f1-4fee-9829-0b7ae7c2cdc4
Strategic AllocationInvolves the usage or deployment of treasury assets for strategic purposes; the DAO maintains ownership over the assets being deployedhttps://messari.io/intel/event/79a8d27d-618e-4446-a461-e108d7375809
Strategic Token SwapInvolves a token swap between two projects, usually as part of a partnership.https://messari.io/intel/event/faca0b26-9c71-4be6-b91a-e6f1118a5436
Other Treasury OperationsOther standard treasury management-related activities that don’t fall into the aforementioned categories.https://messari.io/intel/event/ead5c2f0-8d82-4087-9e77-72873502c479
Treasury ExpenseProject Team FundingInvolves the disbursement of treasury assets to the core team or entities formed by the DAO, including subDAOs, workstreams, or councils.https://messari.io/intel/event/7935c748-860d-4916-a902-ccdcfcb4f4eb
Service Provider FundingInvolves the disbursement of treasury assets to external service providers, including risk service providers, or projects intending to integrate.https://messari.io/intel/event/eae39fd3-c279-4d44-acec-2bb16249efa0
Insurance FundingInvolves the allocation of treasury assets to an insurance pool, ultimately approving the future disposal of the assets following unforeseen circumstances such as a shortfall or exploit.https://messari.io/intel/event/3fe17eae-ad6f-4181-a19c-72d306dae56c
Bug Bounty ProgramInvolves the introduction of a new incentivized bug bounty program.https://messari.io/intel/event/3f589df8-fbac-4240-85ca-e7beb95ad6b9
Grant ProgramInvolves the introduction of a new grants program or a significant grant being rewarded.https://messari.io/intel/event/862b5f95-303e-4fc5-97cc-0b9afd0ae83e
Incentives ProgramInvolves the introduction of or deprecation of an incentives program funded by the treasury.https://messari.io/intel/event/3db91cae-950d-45b8-82cf-a4edcd9c8efc
Protocol ManagementProtocol Fee AdjustmentInvolves a new fee being applied or adjusted at the protocol level.https://messari.io/intel/event/6f6c9285-ca3e-4a12-99f8-49f2865efc5d
Discontinued ProductInvolves the deprecation of a product, service, or contract.https://messari.io/intel/event/40bd73d9-102f-4491-b1c0-44068e625bab
Fix or MaintenanceInvolves standard adjustments to a protocol.https://messari.io/intel/event/923ff157-22b1-4a82-ac9a-c9ac24cb591a
New Collateral AssetA new collateral asset or market is being added, introducing a new risk to the protocol.https://messari.io/intel/event/70c12af9-8ab0-4cea-bac6-cb1934d53491
New Supported Asset or MarketInvolves the introduction of a new asset or market without collateral support.https://messari.io/intel/event/e9422927-e5c8-4af1-a56a-981e3f6be013
Strategic ShiftInvolves the formal announcement of a major change in a project’s strategy or roadmap.https://messari.io/intel/event/f4cbf2f3-dcbb-4a96-b960-fb6757be1a3f
Project StrategyMiscellaneous events related to protocol management.https://messari.io/intel/event/4470f52e-b134-41bb-ae17-f8e1187315be
PartnershipInvolves the announcement of a strategic partnership that is formally acknowledged on both sides.https://messari.io/intel/event/aca9fdc4-afc0-424d-a602-7d7e61eb2fdd
Token Swap or MigrationInvolves the migration of a token to a new token contract.https://messari.io/intel/event/b66cb3ee-cbe9-49d9-bb0e-20e2a28cd0ac
Network UpgradeInvolves the coordinated upgrade of a blockchain which requires participation from node operators.https://messari.io/intel/event/1a093b90-e482-4211-99a6-ada72723e266
Component Upgrade or MaintenanceInvolves an upgrade to a specific existing network or protocol component.https://messari.io/intel/event/b6cf2929-f5a7-454e-a4bb-0fe7b8d229f3
Governance UpdateInvolves any changes to a project’s governance contracts, structure, or processes.https://messari.io/intel/event/caf826da-9324-4920-8eb6-66ae5b3f08a5
Token ChangeInvolves significant changes to a token or a token’s utility that’s not a token swap.https://messari.io/intel/event/10a82591-968e-4797-a4f7-4a06e02ec01b
Team and OperationsProject Team UpdateInvolves notable updates related to a project’s core team or official working groups.https://messari.io/intel/event/903b082d-d38d-4d94-94ea-97e6ff636da2
Developer CallA call designed to inform developers about recent or upcoming changes to the protocol.https://messari.io/intel/event/5ea94d2a-588f-44e0-8e06-59df2923827f
New Brand or RebrandInvolves the introduction of a new brand or the official rebranding of a project.https://messari.io/intel/event/aa88e7d1-1538-4d11-bd23-3458df538c7d
Community CallA call led by community members or primarily designed to inform community members about a protocol’s updates or operational developments.https://messari.io/intel/event/14407f41-0b45-404f-ae2e-c65122ea04dd
Financial ReportInvolves the publication of a financial report.https://messari.io/intel/event/d93af490-99ea-4ff4-92c5-735d0f7d9f8f
Governance CallA call primarily focused on a governance proposal or governance operations.https://messari.io/intel/event/6bb73205-8301-4a66-8eac-dfe4e99003f9
Audit ReportInvolves the publication of a completed audit report.https://messari.io/intel/event/26e9f451-fd80-402d-8e1f-e329b316657a
Layoffs or RestructuringInvolves an entity restructuring itself or reducing the size of its workforce.https://messari.io/intel/event/2e08bffd-1b15-490e-a5e9-6053ca2edfc7
Bankruptcy or Deprecation of ProjectInvolves an entity declaring bankruptcy or formally sunsetting all business operations.https://messari.io/intel/event/6204ac29-900f-4821-989b-fd4c62484978
Geofencing or CensorshipInvolves a frontend adjustment restricting access for users in specific locations.https://messari.io/intel/event/292dfb55-335b-44a2-bb71-963aa896f9ac
Token DelegationInvolves the delegation of treasury assets, usually for governance participation purposes.https://messari.io/intel/event/ac4a3164-5a6c-4e93-a97b-dd9507718cd3
IntegrationNetwork DeploymentInvolves the deployment of a pre-existing protocol to a new network.https://messari.io/intel/event/ce6da7cc-4f13-45fc-ae80-1fe019fb7952
New OracleInvolves a project integrating a new oracle, introducing new oracle risks to the protocol.https://messari.io/intel/event/8a92b43c-f4d9-4a73-bef7-ad322b2dd4db
Canonical Token DeploymentInvolves a project identifying a bridged version of its native token as “canonical,” usually in an effort to avoid liquidity fragmentation.https://messari.io/intel/event/959f083e-5b98-456b-b785-316a693a8e06
Network IntegrationA project adds support for a new network. Generally applies to cross-chain bridges and oracle protocols where a new network integration can be considered relevant to existing network users.https://messari.io/intel/event/995fcf98-5f79-4a10-ae12-789c162abec6
Token SupplyEmissions AdjustmentInvolves adjustments to a protocol’s emissions rate.https://messari.io/intel/event/af963bb4-af52-4925-a12b-93a06630f82c
Supply LockInvolves the non-programmatic lock of a protocol’s native token.https://messari.io/intel/event/2c54c184-1526-4a89-897e-d8db33b16b18
Supply UnlockInvolves the non-programmatic unlock of a protocol’s native token.https://messari.io/intel/event/c7322352-0ac8-433a-91e3-a80a4ff7c784
Native Token AirdropInvolves a project airdropping its native token.https://messari.io/intel/event/7bb377f6-449c-443c-b251-4c0e23fa23dd
Non-Native Token AirdropInvolves a project’s users or token holders being eligible to receive an airdrop from an external project.https://messari.io/intel/event/83bb6734-c4d8-4ae7-bef9-a6f09c71c264
Token MintInvolves the non-programmatic minting of a protocol’s native token.https://messari.io/intel/event/dd630f28-e9dd-408c-a25d-6a1351ab1de1
Token BurnInvolves the non-programmatic burning of a protocol’s native token.https://messari.io/intel/event/970a8074-0fb4-40a1-a367-9c942c35123c
Software ReleaseClient ReleaseA new version of a client is released.https://messari.io/intel/event/4296b7e4-8bb9-446c-bd9d-0a44b1706999
SDK ReleaseA new version of a software development kit is released.https://messari.io/intel/event/04e67e69-5ca0-414c-a549-df08523da55c
Smart Contract Programming Language ReleaseA new smart contract programming language is released.https://messari.io/intel/event/0275f4ee-6988-4df6-8067-154462a251e3
Other Network Component ReleaseA new version of a network component that doesn’t fall into the other Software Release categories is released.https://messari.io/intel/event/e81fed1d-05af-49fe-baba-60203007df10
ReleaseDeveloper ToolingNew developer tooling is released, usually by a core team.https://messari.io/intel/event/3cb989d4-e943-4464-9ea6-4c261485161e
New ProductInvolves the introduction of an entirely new product or feature that offers new functionality.https://messari.io/intel/event/d4417895-c7b1-43a4-944e-f2af6d476f76
New TokenAn entirely new token is being launched.https://messari.io/intel/event/75a97cd7-c919-4796-ba6a-e9d93c503f62
User ToolingNew user tooling is released, usually by community contributors.https://messari.io/intel/event/41fe18f0-6262-48a0-9929-bc390e9e261a
Network Mainnet Launch or New NetworkInvolves the release of an entirely new blockchain.https://messari.io/intel/event/078de64e-56bd-49c5-8bad-05578d6c73b7
Network Testnet Launch or New TestnetInvolves the release of a new dedicated testnet.https://messari.io/intel/event/8052d3c9-95d2-45ff-a13a-9f740ee0ae5b
New ClientInvolves the release of a brand new client for an existing network.https://messari.io/intel/event/25abd9a7-bf1a-43a6-b283-ac79fdfd38d2
New Feature or ModuleInvolves the release of a brand new client for an existing network.https://messari.io/intel/event/14046b6c-b721-4cc1-b1ce-a994e24bb602
Protocol UpgradeInvolves a major upgrade or new version of an existing protocol.https://messari.io/intel/event/d57cce5a-a2d0-41a8-b7b1-112533458783
Token ListingCentralized Exchange Spot ListingA major centralized exchange enables spot trading for an asset for the first time.https://messari.io/intel/event/38408a0e-3959-45cb-aa31-9e3990e0ee8c
Centralized Exchange Derivatives ListingA major centralized exchange enables futures trading for an asset for the first time.https://messari.io/intel/event/e924d5aa-ca5b-44a1-b72b-013c2bc57172
Centralized Exchange DelistingA major centralized exchange completely removes trading support for an asset.https://messari.io/intel/event/55135a74-ed40-40d9-a0a6-088c90b3ff95
Staking Service ListingA centralized exchange introduces custodial staking support for a listed asset.https://messari.io/intel/event/1770f7de-7006-4063-a674-566aeb4450c6
Custody Platform ListingA custody platform adds support for a new asset.https://messari.io/intel/event/93927354-4d9b-43a9-8990-9f4e44ab4990
Fund or Index ListingA fund or index adds a new asset or removes an existing one.https://messari.io/intel/event/bced20f2-2ef6-43fd-b793-a30ae9db1826
Security and HacksProtocol ExploitInvolves a hack or attack that impacts a protocol’s core contracts, resulting in the loss of funds.https://messari.io/intel/event/ffa9c46d-2549-453a-8eab-6a974f53ab78
Frontend ExploitInvolves a frontend being compromised; user funds are only at risk if they interact with the frontend.https://messari.io/intel/event/d1510b7d-05bf-4ce5-ae66-7ac63fd089f6
Vulnerability DisclosureInvolves the disclosure of a security-related vulnerability.https://messari.io/intel/event/1e89fac7-c83e-4946-be3a-468e8e485eed
Centralized Exchange Loss of FundsInvolves a centralized exchange losing user or custodial funds.https://messari.io/intel/event/e8010678-45fd-49d3-a2a2-27b63f5d3e0e
Consensus-Related ExploitInvolves a 51% attack or similar attack in which a malicious actor gains control of a network to violate preexisting consensus rules of a network.https://messari.io/intel/event/1cc0ff55-30cc-47c9-a942-be2e9fb43d3e
Other Hack or AttackInvolves a security-related exploit that cannot be granularly classified into protocol exploit or frontend exploit.https://messari.io/intel/event/be76cbc0-3bcc-45df-8182-5d37a5c9a3b8
FundingEquity FundingInvolves the sale of equity in exchange for cash.https://messari.io/intel/event/15ddfb17-d02b-4526-8bda-516cebdb4684
Debt FundingInvolves raising money through borrowing.https://messari.io/intel/event/737808d9-fdf8-4cdc-820d-11ad09b2dae1
Private Token SaleInvolves the sale of tokens that are exclusively accessible to certain individuals or entities and not to the general public.https://messari.io/intel/event/b1cec93c-1574-478e-ac99-4420524c47f0
Public Token SaleInvolves a range of public fundraising techniques such as ICOs, IDOs, IEOs, and other similar crowdfunding mechanisms.https://messari.io/intel/event/8c7b17ba-68e5-41d7-81e8-8ded8de0cf93
IPO, SPAC, or Direct ListingInvolves the initial public offering of a project or the listing of a project on a stock exchange.https://messari.io/intel/event/db0e6777-10c3-428f-ba3d-f8e6eb93b05e
Mergers and AcquisitionsInvolves the merging of two or more entities or the acquisition of one entity by the other.https://messari.io/intel/event/b41cd8ab-fcbd-4155-a0f3-de9a791defff
Ecosystem FundInvolves a fund raised for the purposes of financially supporting projects in a specific ecosystem.https://messari.io/intel/event/07bad2d6-de18-4baa-b00e-ea8362ab64f4
Accelerator ProgramInvolves a program that provides capital and resources to a select group of startups.https://messari.io/intel/event/9bc6715d-a14c-4c71-948c-b334492a52b4
Legal and RegulatoryRegulatory or Legal Status UpdateInvolves the formal classification of an entity's legal or regulatory status by a governing body.https://messari.io/intel/event/b8936095-f3ff-44d7-bed2-8c1d48dcf63c
Regulatory Notice or WarningInvolves a warning, appeal, or an action that isn't a direct initiation of legal action.https://messari.io/intel/event/8c434a15-9287-48c9-a359-3fc87a7ca7c9
New or Updated Legal EntityInvolves the establishment of a separate legal entity, usually for a DAO or core contributors.https://messari.io/intel/event/4f6625ab-712a-472a-b362-41a2e8b41425
New Regulation or RulesInvolves the creation of new rules and regulatory policies by a governing body.https://messari.io/intel/event/8c434a15-9287-48c9-a359-3fc87a7ca7c9
Regulatory or Legal Enforcement ActionInvolves a regulatory or legal body formally pursuing an enforcement action against an entity.https://messari.io/intel/event/a50e6604-987b-4c4f-a4f1-01ae593b11a1
New Regulated Financial InstrumentInvolves the introduction of a new product that is tradable in traditional financial markets.https://messari.io/intel/event/bced20f2-2ef6-43fd-b793-a30ae9db1826
PerformanceNetwork CongestionInvolves widespread network issues being reported due to abnormally high activity; the network is still operational.https://messari.io/intel/event/10bce24f-912d-44fb-8dde-afbbc6386782
Blockchain HaltA network has stopped producing blocks and may require external intervention for block production to resume.https://messari.io/intel/event/68faf9fd-516d-4ea3-83c2-b5fbcf7e314d
Node OutageInvolves an event where certain nodes go offline.https://messari.io/intel/event/0ff15988-fa54-4fb5-abcb-6ad09935c595
Unstable Network ConditionsInvolves degraded network performance.https://messari.io/intel/event/532955ed-3191-4b4a-bc9f-d776cd581c1d
Bug DisclosureInvolves the disclosure of a bug that could have negatively impacted the protocol’s performance.https://messari.io/intel/event/4536f8a1-de52-4e16-91c5-6f053c77528c

Tags

NameDescription
Breaking ChangeNeed def. This Tag can only be associated to an event if the Category of the event is Software Release.
Mandatory ReleaseNeed def This Tag can only be associated to an event if the Category of the event is Software Release.
Associated with Network UpgradeSoftware release or contract deployment which introduces new features to the network. This Tag can only be associated to an event if the Category of the event is Software Release.
Hard ForkAn upgrade of the network that implements a node version that is not backward compatible with previous releases. This tag can only be associated to an event if the Sub-Category of the event is Network Upgrade or Chain Split.
Downtime AssociatedNeed def This tag can only be associated to an event if the Sub-Category of the event is Network Upgrade or Chain Split.
Governance VoteA proposal has been put to vote by a protocol or DAO and involves participation by token holders, elected members, or team members. This tag can be associated with any event.