Proof of Usefulness Report

Lido

Analysis completed on 1/24/2026

+248
Proof of Usefulness Score
Gaining Momentum

The submission conflates two distinct entities: 'Lido.app' (the submitted URL/description, a low-code spreadsheet builder) and 'Lido Finance' (the submitted business type/tech, a multi-billion dollar DeFi protocol). The project was evaluated as 'Lido.app' based on the URL. While the actual product is a verifiable Series A startup (backed by investors like a16z/Pareto, raised ~$8M+), the submission contains severe inaccuracies regarding team size (922 vs ~20), audience ('everyone'), and business type. The score reflects the solid underlying product utility and verified funding, heavily penalized for the low-quality, hallucinated submission data.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility2.5)
Audience Reach Impact2.0)
Technical Innovation1.5)
Evidence Of Traction2.5)
Market Timing Relevance1.0)
Functional Completeness0.5)
Subtotal+342.5
Usefulness Multiplierx0.72
Final Score+248

Project Details

Project URL
Description
Software might be eating the world, but for most people spreadsheets remain the only way to truly make computers work for them. Over a billion people use spreadsheets everyday, but only ~20 million programmers. \n\nAt the same time, spreadsheets themselves haven't really been updated for decades. We're changing that.\n\nOur core product is a spreadsheet in the browser that glues together the power of a database on the backend and a drag \u0026 drop app builder on the frontend. The best way to understand the product is to try it for yourself: https://www.lido.app/\n\nOur early team has previously worked at Google, Two Sigma, Amazon, Square, McKinsey, Blackstone, and more. We're backed by millions of dollars in funding from some of the world's top investors. We have a growing user base, and are scaling the team across engineering, design, and go-to-market roles.

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