DeFi Strategy & Protocol Economics Advisors · OBOL rating
FinDaS review
FinDaS is a Sofia-based tokenomics consultancy that designs token economies, audits existing ones and runs Monte Carlo simulations in Machinations.
6.3/10
Mixed
Score breakdown
Category rubric →- Published research and modelsweight 25%7.0avg 7.5
- Client-confirmed workweight 20%0.0avg 3.8
- Recent economics workweight 20%10.0avg 6.9
- Conflict-of-interest disclosureweight 15%5.0avg 1.7
- Named teamweight 10%8.0avg 6.0
- Transparent termsweight 10%10.0avg 8.0
this service category average across 15Score = Σ mark × weight. A criterion with nothing published scores 0. Methodology.
The evidence behind each mark
Scoring rules →| Criterion | Mark | What we found | Source | Checked |
|---|---|---|---|---|
| Published research and models | 7.0 | Publishes 119 reports (monthly paper reviews, fees and multiples benchmarks, investment reports) plus a public sample Machinations model and sample simulation report, but no open code or model repositories. | findas.org ↗ | 22 September 2026 |
| Client-confirmed work | 0.0 | Eight named case studies (Midnight, MELD, Bridge Mutual, Cointelegraph Research, REAL, Morning Line Club, Dravanti, trenddi) plus two under NDA; none confirmed by the client, and Midnight's own tokenomics whitepaper does not mention FinDaS. | findas.org ↗ | 22 September 2026 |
| Recent economics work | 10.0 | FinDaS published its trenddi points-economy case study, with Monte Carlo simulations in Machinations, on 7 August 2026. | findas.org ↗ | 22 September 2026 |
| Conflict-of-interest disclosure | 5.0 | Openly publishes token-based fee options ($18,000 plus 0.5% of supply, or $12,000 plus 1.0%) and states no conflicts of interest, but no conflict-of-interest policy was found. | findas.org ↗ | 22 September 2026 |
| Named team | 8.0 | Founder and lead token economist Hristo Piyankov is named with LinkedIn, X and GitHub profiles, and consultant Diana Ilieva is named; the claimed UNWE lectureship was not checked against a university page. | findas.org ↗ | 22 September 2026 |
| Transparent terms | 10.0 | Publishes prices ($24,000 cash-only design, simulations from $12,000, reviews and audits $3,000) and timelines (about 30 days for design, plus about 30 days for simulations). | findas.org ↗ | 22 September 2026 |
What we liked, and what fell short
Liked
- Publishes concrete prices and timelines, including cash-only and token-hybrid fee options
- Regular research output: 119 reports, including monthly summaries of academic tokenomics papers
- Case studies include candid post-mortems (MELD, Bridge Mutual), not only successes
Fell short
- None of the named case-study clients could be found confirming the engagement on their own channels
- Simulation models are delivered privately to clients; only a sample model and a sample report are public, with no open code
- Offers token-based compensation (up to 1% of supply) while describing itself as having no conflicts of interest, and no written conflict policy was found