Decentralizing Power: Governance & the Active Set (Part 1)

    Introduction

    Osmosis Governance?

    The Osmo token (OSMO) is a governance token that allows token holders to decide on the Osmosis protocol's strategic direction and future modifications. OSMO is expected to be used primarily for the following purposes (but governance may decide to add or remove some of them):

    • Staking: At the consensus level, OSMO is the staking token used by validators and delegators to verify transactions and produce new blocks. These contributors receive inflation rewards for contributing resources to the network.
    • Governance: OSMO token holders can participate in on-chain governance by creating and voting for governance proposals. such as allocating liquidity mining rewards for liquidity pools or setting the base network swap fee.

    The team and community have also deployed OSMO tokens as part of the network's liquidity mining program. Users can earn OSMO tokens by depositing liquidity into Osmosis pools. Liquidity mining is a popular growth hack for incentivizing liquidity, making AMMs a more attractive venue for traders.

    Question

    Props 114, 196 & 337 were all passed in an effort to promote decentralization within the ecosystem. How did the voting power of the top 66% of the active set validators change after these proposals were passed?

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    Methodology

    In this dashboard we will see:

    Proposal 114,196,337 Daily And Overall State

    Comparison Of Votes And Voters

    Osmosis Voting Power by validator Address

    Osmosis Nakamoto Coefficient Stats

    In this case, we have used the following tables:

    osmosis.core.fact_governance_votes

    osmosis.core.dim_vote_options

    osmosis.core.fact_staking

    First & Last Votes

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    Observations

    • More than 3,000 participants were observed in about 3,800 votes, the yes vote accounted for the largest number of votes.
    • On December 29 last year, voting for proposal 114 started and ended two days later
    • More than 70% of the total votes were yes

    Proposal 196 Daily & Overall Stats

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    Observations

    • Almost a total of 43 thousand votes and more than 44 thousand votes were registered
    • On April 8, voting for proposal 196 started and ended 5 days later
    • More than 90% of the total votes were yes

    Proposal 337 Daily & Overall Stats

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    Observations

    • Almost a total of 21 thousand votes and more than 23 thousand votes were registered

    • On Sep 8, voting for proposal 337 started and ended On 3 Oct

    • More than 96% of the total votes were yes

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    Votes & Voters Comparison

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    Observations

    • Proposal 114 has the least popularity
    • Proposal 196 has been more popular and has had more positive votes.
    • Comparing 337 and 114 and 18 shows that users were more interested in proposal 337 and it was popular.

    Osmosis Voting Power by validator Address

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    Observations

    • 3 month voting power by validator
    • Top 10 →3 month voting power by validator
    • monthly voting power by validator
    • Top 10 → monthly voting power by validator
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    Osmosis Nakamoto Coefficient Stats

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    Observations

    • In the chart above, I see Nakamoto's osmosis coefficient, which has had an almost turbulent trend
    • We observed the weekly osmosis validation and according to the results, from July 2021 to September 2022, there was a gradual trend with ups and downs.
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    Conclusion

    • More than 3,000 participants were observed in about 3,800 votes, the yes vote accounted for the largest number of votes.

    • On December 29 last year, voting for proposal 114 started and ended two days later

    • More than 70% of the total votes were yes

    • Almost a total of 43 thousand votes and more than 44 thousand votes were registered

    • On April 8, voting for proposal 196 started and ended 5 days later

    • More than 90% of the total votes were yes

    • Almost a total of 21 thousand votes and more than 23 thousand votes were registered

    • On Sep 8, voting for proposal 337 started and ended On 3 Oct

    • More than 96% of the total votes were yes

    • Proposal 114 has the least popularity

    • Proposal 196 has been more popular and has had more positive votes.

    • Comparing 337 and 114 and 18 shows that users were more interested in proposal 337 and it was popular.

    • 3 month voting power by validator

    • Top 10 →3 month voting power by validator

    • monthly voting power by validator

    • Top 10 → monthly voting power by validator

    • In the chart above, I see Nakamoto's osmosis coefficient, which has had an almost turbulent trend

    • We observed the weekly osmosis validation and according to the results, from July 2021 to September 2022, there was a gradual trend with ups and downs.

    THANK YOU FOR READING!

    Twittermohsen.dastpeyman

    Discord_id: mohsen#4796

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