Introduction:

In this bounty, the voting performance of validators and retail investors are analyzed for the last five governance proposals.

For this purpose, first we should find the last five governance proposal. The next table shows the last fiver voting proposals and their relative date.

After that, the voting power of validators and retail investors for each of these proposal are estimated.

In the voting system, the in favor option means VOTE_OPTION_YES.

The average of Luna that voted in favor from validators and retail investors on average for the last five proposals is shown in this donut. As shown in this figure, the 96.7% of Luna came from validators and only 3.32% of Luna are from retail investors.

The Luna that came from validators and retail investors for each proposal and vote for YES option is shown in this figure.

Based on the results of this figure, for all of the last five proposals the Luna from validators are dominant in comparison with retail investors. Only for proposal #929, the Luna from retail investors can compete with validators but for other four, the validators Luna was much higher.