6.3
/ 10
Best DeFi Strategy & Protocol Economics Advisors · Review
FinDaS
FinDaS is a Sofia-based tokenomics consultancy that designs token economies, audits existing ones and runs Monte Carlo simulations in Machinations.
Best For
Early-stage teams that want a fixed-price token design or audit with an optional simulation model
Headline Cost
Design $24,000 cash, or cash plus 0.5–1% of supply
Founded
2018
Rank in category
5 of 15
Last Checked
22 September 2026
Score breakdown
Category rubric →Published research and models · 25%
7.0
Client-confirmed work · 20%
0.0
Recent economics work · 20%
10.0
Conflict-of-interest disclosure · 15%
5.0
Named team · 10%
8.0
Transparent terms · 10%
10.0
A criterion with nothing published scores 0, so a low score often means missing evidence rather than poor work. The headline 6.3 is the weighted mean of these marks — see our methodology. Not financial advice.
The evidence behind each mark
Scoring rules →| Criterion | Mark | What we found | Source | Checked |
|---|---|---|---|---|
| Published research and models · 25% | 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 · 20% | 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 · 20% | 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 · 15% | 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 · 10% | 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% | 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
- 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
Where it falls 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
| # | Service | Best for | Cost | Score |
|---|---|---|---|---|
| 1 | Gauntlet | Lending and DEX protocols needing parameter and incentive optimization | Not published as a price list; the Compound contract was $2.3M per year in DAO proposals | 8.6 |
| 2 | LlamaRisk | Large lending protocols and stablecoin issuers that need a risk framework, parameter design and oracle-based risk automation | Not published as a price list; Aave renewal priced at $3.5M for one year (GHO plus 5,000 AAVE) | 7.6 |
| 3 | Tokenomics.net | Early-stage founders who want a fixed-price, fully documented token model before a raise | Data Room tiers $15,000, $20,000 and $25,000 | 7.1 |
| 4 | CryptoEconLab | Infrastructure, DePIN and AI protocols that need quantitative mechanism design and simulation | Design from $50,000 to $150,000+ | 6.9 |
| 5 | FinDaS | Early-stage teams that want a fixed-price token design or audit with an optional simulation model | Design $24,000 cash, or cash plus 0.5–1% of supply | 6.3 |
| 6 | BlockScience | Protocols that want simulation-based, research-grade mechanism and governance analysis | Not published | 6.0 |
| 7 | 8Blocks | Pre-TGE teams and Web2 or RWA businesses that want a token model or audit tied to business revenue | Workshop $2,500; Clutch lists $5,000+ minimum and $200-300/hr | 5.7 |
| 8 | Simplicity Group | Early-stage projects with modest budgets that want token design and GTM support from one vendor | Tokenomics from $5,000 | 5.6 |
| 9 | Chainrisk | Lending and perpetuals protocols that need a simulation-based economic audit of collateral, liquidation and interest rate parameters | Not published on the website; Compound forum proposals quoted a 90,000 USDC three-month pilot and a 500,000 USD annual retainer | 5.4 |
| 10 | Three Sigma | DeFi protocols that want a code audit and an economic or parameter review from the same vendor | Not published | 5.3 |
| 11 | Nethermind | Protocols wanting tokenomics analysis from a large engineering and security firm | Not published | 5.2 |
| 12 | Block Analitica | Lending and stablecoin protocols that need ongoing collateral risk parameters and monitoring rather than a one-off token design | Not published | 5.2 |
| 13 | Forgd | VC-backed projects preparing a TGE that want tokenomics, market maker and listing work from one provider | Cash and tokens; no cash price published | 4.0 |
| 14 | Delphi Consulting | Larger projects that want token advisory backed by a large research desk and are comfortable with a group that also invests | Not published | 3.8 |
| 15 | Blockphrase | Projects in India or the UAE that want token design combined with development and compliance work from one vendor | Not published | 2.4 |