Aave Delegates' Gas Usage
The gas usage by voters on Aave proposals has been investigated in this analysis.
How much gas was used by delegates voting in Aave in the past 90 days? In the past 180? How much gas on average is spent by voters in a single vote?
In this analysis, the gas usage by delegates voting on Aave governance proposals has been determined over various time periods.
This analysis is divided into the following parts:
- The fee activity over the past 90 days
- The gas usage over the past 180 days.
To handle this analysis, the data from Flipsidecrypto has been utilized. The following steps have been used in this analysis:
Step 1: Determine the voting activity on governance proposals of Aave
Step 2: The paid fee for delegates voting
- Total paid fee in ETH and USD
- Average paid fee
- Min and max paid fee
- Paid fee per voter
- Average paid fee per day
Step 3: Find the correlation between swap activity and paid fee
- Metrics-> Volume of swaps, count of swaps and unique swappers, average swap volume and paid fee
Step 4: Determine top voters
- Top voters on governance proposals of Aave
- Top voters spend the most gas on voting
Step 5: Participation of voters on governance proposals of Aave
The Aave protocol is an open-source protocol that allows users to create their own decentralized financial markets on the Ethereum blockchain. Depositors provide the liquidity of this protocol by depositing base cryptocurrencies in lending pools. Their goal is to earn money by getting rewards. On the opposite side, Borrowers are people who can borrow the property they want from the protocol with or without collateral.
At Aave, voting delegates are responsible for making important decisions that affect the token holders. In order to vote, delegates must pay a fee to register their vote. Knowing how to vote and how fees work is essential to getting the most out of your Aave experience.
Voting in Aave works as follows: first, users must register as voting delegates by staking Aave tokens. Next, they can choose which proposals to support. After recording their vote, the user must pay a fee to register the vote. This fee is calculated based on the vote size and the number of proposals voted on.
