Try Quests to earn SOLRealms vs Snapshot
Introduction
Governance Tokens
> Among the rights represented by governance tokens are the following. Income security: protocols have the right to charge users for access. A portion of these fees may be distributed to token holders by a governance vote, analogous to dividends for stockholders.
Snapshot
> An example of a decentralized voting system is Snapshot. It allows you some leeway in deciding how to allocate votes. Snapshot offers flexible voting options to meet the demands of different businesses. Snapshot's proposal creation and voting processes are easy to use and do not consume gas because they occur off-chain.
Solana Voting
> A decentralized autonomous organization (DAO) is, at its core, just a group of people who pool their resources and make decisions collectively. By using smart contracts, the DAO's members can make decisions in a transparent and decentralized manner. > > A member can make a recommendation for anything from a change in how money is spent to a complete overhaul of the system and its software. Members of the DAO then convene to vote on the proposal. If a certain percentage of voters approve the measure, the smart contract will carry it out.
> That's why the DAO model can facilitate a "flat" hierarchy. Every participant in the DAO can influence policy decisions and shape the group's future. Link
Method
In this dashboard I tried to compare the on-chain voting platforms such as Snapshot & realms by use of following tables on Flipsidecrypto database:
- ethereum.core.ez_snapshot
- solana.core.fact_proposal_votes
to addressed formerly mentioned questions over time and in total.
The goal of this dashboard is compare of voting metrics on two mentioned om-chain voting platforms to achieve an overview of voting parameters on Snapshot and Realms on Solana.
On January 1, 2022, the timestamps for the measured parameters will begin.
I excluded 10% of all voters with highest voting power and voting height as whales on Snapshot and Realms, respectively.
Conclusion
What seems to influence voting behavior on each platform?
> Voting behavior on each platform is affected by how projects offer incentives, such as dropping their native tokens or NFTs. For example, on Arbtirum, rumours of the launch of a native token called $ARBI led to more people voting on the Odysee campaign. Similarly, after dropping Optimism's native token to users who voted on Snapshot on the Ethereum mainnet, a higher percentage of users voted on Snapshot, in the hope that a similar procedure will be taken by Arbitrum.
Does one platform have more proposals and voting opportunities than the other?
> Snapshot has so more proposals and DAOs than Realms, that it is quietly normal, because of long history of that rather than Realms
How can each platform become more decentralized?
> One and simple way to be more decentralized, is the distribution of governance tokens, that more of projects goes trough this way, but I thing on this way, the speculation on their native tokens led to > > marginalize the main aims of decentralization. but on these two platform the more proposals and DAOs can led to more decentralization, and incentivized users by airdropping native token of projects that want to deployed their proposals to voting.
About:
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Author: HaM☰d
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Discord: 0xHaM☰d#8391
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Twitter: @arjmandi_hamed
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Email: h_arjmandi2012@yahoo.com
Building off previous recent bounties on Realms and Snapshot, create a dashboard that shows how Realms and Snapshot are growing and used in comparison to one another. Feel free to build off previous bounty work on these platforms.
Questions that would be answered:
> * What trends do you see between governance behavior between the two chains? > * Does a platform seem to capture more market share of its users on their respective chain than the other? > * What seems to influence voting behavior on each platform? > * Does one platform have more proposals and voting opportunities than the other? > * Are whales more powerful on Realms or on Snapshot? > * How can each platform become more decentralized?
Hey there 👋!
Firstly, I appreciate you sticking with it until the conclusion.
I’m Hamed, Ph.D. In Civil Engineering and interested in data science.
I've made many similar dashboards and visualizations since I started at Flipside in January.
Please have a look at my various contact information and let me know what you think.
:telescope: Findings:
To answer the first question of this dashboard, I tried to assess the trends in voters and casting votes count, the proposals and DAOs on each platform as shown in the above charts, and also calculate the cumulative and percentage share of those.
As we can see, trends on daily assessing parameters are indistinguishable, but in cumulative growth, Snapshots are more progressive than realms in the count of unique voters and votes cast.It's quietly normal because of snapshot support for more networks like Optimism, Arbitrum, Polygon, and more and more, in contrast to realms that only worked on the Solana ecosystem.
So clearly, the trends in the snapshot are more progressive than the realms.
There is a clear answer to the second question, "Does a platform seem to capture more market share of its users on their respective chains than the other?"
the answer is YES==, the Snapshot captured more market share from its users than Realms.
but the following ==DUNOT== charts shows the suspicious information to be more cautious to answer this question.
The above DUNOT charts the Maximum, Average and Median casting votes are shown.
As we can observed that Snapshot are higher than Max casted votes than Realms, but in Average and Median realms are higher than Snapshots, that it can implied to more upward progressive trend on Realms on voting participations by users.
:telescope: Findings:
In this section I used the the assessing daily percentage of count of casting votes by users who have most voting power on Snapshot and most voting height on Realms that I called them as whales, to answer the section question, as whales influence.
To identify the count of whales I excluded top 10% of users with most on voting power and voting height on Snapshot and Realms, respectively.
Two first above bar charts shows the daily percentage of casting votes by regulars users and Whales, as of these charts we can see that on Realms the whales are so effect the trends on voting than Snapshot, we can observed that on Snapshot 20% of votes casted by whales, in contract on Realms nearly 50% of votes casted by whales in average. and in total only 13.7% on Snapshot and 64% on Realms casted by whales.
This pattern are visible on types of votes too, as we can observed that more than 90% of votes casted to say YES, on Realms rather than nearly 70% on Snapshot.