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.

    • 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.
      
    • First activity

       Select min(BLOCK_TIMESTAMP) from osmosis.core.fact_transactions
      
    • First voting activity

       Select min(BLOCK_TIMESTAMP) from osmosis.core.fact_governance_votes
      
    • Time difference between first action and first vote

       DATEDIFF(day,transaction_time, vote_time)
      
    • Share of voters on each proposal

       count(distinct VOTER)/total_voters for each proposal
      

    Results:

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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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