Introduction

The main governing body of the Lil Nouns ecosystem is The Lil Nouns DAO which is based on the Nouns DAOs fork of Compound Governance. Each Noun has one vote on all government matters.

Lil Nouns use their voting abilities (each 1 Lille name = 1 vote power) to guide the treasury. Any user who holds at least 3 Lil Nouns can create a proposal and users with at least one Lille Noun can vote on the proposal. You can see here some of the Lil Noun Proposals.

For example, you can see the following image that related to the details of a proposal:

As you can see users can select three options: For, Against, and Abstain. Every proposal has a Threshold that shows the minimum required votes to be eligible.

Methodology

In this analysis, we use the Ethereum database to track the voting activity on Lil Nouns proposals. Also, we created some charts based on voting activity to get some insight. The road map of this analysis is as follows:

• Number of Unique Users
• Users Vote for each Proposal
• User's Type and Status for Submit a Proposal
• Share each Transaction Type
• Share any type of User in Voting for Proposals
• Correlation of Gas Fee and User type(based on number of Nouns that Hold)

Analysis

So far, 20 proposals have been submitted and 163 unique wallets have registered their votes.

Most of the users who participated in the votes are from the "Regular" and "Intermediate" categories.

Finally, using the chart below, we want to answer the question of whether the high transaction fee will prevent "Regular" users from voting?

As can be seen from the chart above, 86.3% of the votes were cast without giving a reason.

In the following, we discuss the chart related to the share of each user category in the votes of the proposals.

Most users with 129 numbers belong to the "Regular" category. As mentioned above users should have at least 3 Lil Nouns to create a proposal so most users are not allowed to do that!

Voting transactions are divided into the following four categories:

• castVote
• castVoteWithReason
• execTransaction
• multiSend

The most important of them are "castVoteWithReason" and "castVote", which are related to voting with and without mentioning the reason, respectively.

If you look at the chart above, you will see that some proposals have not been voted on. If we compare these cases with lilnouns.wtf, it becomes clear that proposals 2, 9, 11, and 12 have been canceled, and the voting for proposals 19 and 20 has not been completed yet.

Now let's categorize users based on the number of Lil Nouns they Hold:

• Number of Holds = 0 --> "None"
• 1 <= Number of Holds <= 2 --> "1-2 (Regular)"
• 3 <= Number of Holds < 10 --> "3-10 (Intermediate)"
• 10 <= Number of Holds < 19 --> "10-19 (Expert)"
• 20 <= Number of Holds --> "Whale"

The chart below shows the number of users associated with each category.

As mentioned in the introduction, one Lil Noun is equivalent to one vote, so users who keep a higher number of Lil Nouns in their wallets have more voting power.

The chart below shows the number of votes for each proposal. Most of the users voted in favor of the proposals (the number of "For" votes is more than the "Against"), and only a few proposals were rejected (Proposals 7, 14).

Certainly Not! In the chart above, the size of each circle is proportional to the number of votes in the user category. You can see that even when the transaction fee is higher, for example, more than $ 8, Regular users have voted the most, followed by the Intermediate user.

As a result, it can be said that the transaction fee did not affect the number of votes of a particular category.