Osmosis Governance
Question:
Q13. Create a dashboard that maps community participation in governance. On average, how long does it take for a new wallet to become active in Osmosis governance? Do wallets that are active in governance vote on every proposal? Or do they only vote on select proposals?
Approach:
This essay seeks to estimate the average time to become a voter on Osmosis Governance from ordinary users.
Furthermore, the voting pattern of voters based on the proposals on Osmosis governance established in the next part of essay.
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Voter and non voter users
Introducing voters from osmosis.core.fact_governance_votes Then group users in osmosis.core.fact_transactions into two buckets that are in the first table or not.
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First activity
Select min(BLOCK_TIMESTAMP) from osmosis.core.fact_transactions
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First voting activity
Select min(BLOCK_TIMESTAMP) from osmosis.core.fact_governance_votes
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Time difference between first action and first vote
DATEDIFF(day,transaction_time, vote_time)
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Share of voters on each proposal
count(distinct VOTER)/total_voters for each proposal
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Key findings 1:
- According to the donut, only 36.7% of active wallets on Osmosis participated on Governance voting.
- From the voter wallets, most of the voters became active in voting under 24 hour.
- Despite the voters activated below 24 hour, the second largest bucket of voters belong to over 1 month. This means about 43.2k of voters became active on governance after 1 month.
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Key findings 2
- The share of participation on each proposal demonstrate the voting pattern of voters on Osmosis governance.
- The proposal no 207 captures the highest share of voters by 31.5% of whole voters.
- Many of the proposal on Osmosis Governance have share of voters below 1% as shown in the graph.
- Daily share of voters reveals the highest participation on April 23th, April 8th and May 13th.
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