Proof of Usefulness Report

FairSide

Analysis completed on 1/21/2026

+67
Proof of Usefulness Score
You're In Business

FairSide is a legitimate DeFi insurance ('cost-sharing') protocol with verifiable partnerships (Chainalysis, Elliptic, Synaps) and evidence of paid claims. However, the project submission itself was of extremely poor quality, containing demonstrable falsehoods (e.g., claiming 'most people have used my product') and lazy data entry ('marketcap: null', 'FairSideis'). While the real-world utility of crypto wallet protection is high, the score is significantly penalized by the lack of credible reach and the unprofessional submission quality, placing it in the 'Minimal Traction' tier relative to established brands.

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Score Breakdown

Real World Utility+25.50
Audience Reach Impact+6.40
Technical Innovation+10.50
Evidence Of Traction+10.00
Market Timing Relevance+8.00
Functional Completeness+0.25
Subtotal+60.65
Usefulness Multiplierx1.1
Final Score+67

Project Details

Project URL
Description
FairSideis in the Blockchain Infrastructure Industry

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline