🏦Financial reporting overview

Since the TGE mentioned in the previous section, this section presents the financial disclosure from DappRadar DAO, spanning from December 14, 2021, to December 31, 2023. The financial information is organized annually—2021, 2022, and 2023—and primarily examines asset balances as they stood at the close of 2023.

The financial information presented is derived from on-chain transactions, reflecting cash flows rather than adopting the accrual accounting principles. Given the nascent state of accounting standards for DAOs, DappRadar DAO is in the process of developing appropriate accounting methodologies and policies that best meet the informational needs of our stakeholders. Until a comprehensive accounting framework is established, we are presenting financial data akin to cash flow statements based on on-chain transactions.