Issues that will be addressed include:

• How does Hadeswap governance compare to other DAOs on Solana.

• Is there more active voting participation relative to typical governance behavior we see on Realms?

• How concentrated is the voting power in these proposals?

• Is this normal, or is Hadeswap controlled by a loud minority?

• How often are wallets transferring $Hades before casting a vote? What about purchasing $Hades to make a vote?

• Is it possible holders are spreading voting power among multiple wallets? How do you envision the "bribe wars" continuing to shake out?

✨Introduction

A decentralized autonomous organization (DAO) is a community that operates through smart contracts on a blockchain and is governed by its members. Members can make proposals and vote on decisions, with smart contracts executing these decisions. This structure provides a flat organizational structure, with each member having a voice in the community and the opportunity to drive the direction of the organization.

Hadeswap is a decentralized exchange and yield farming platform that operates as a DAO on the Solana blockchain. Users can trade cryptocurrencies and participate in yield farming by staking their assets to earn rewards. The platform is governed by its members who propose and vote on changes to its operation and direction.

Realms is a decentralized platform for creating and participating in DAOs and other governance entities. It provides tools and infrastructure for creating and managing DAOs, including voting, proposal submission, and community governance features. The platform is designed to be flexible and customizable, allowing DAOs to tailor their governance structures to their specific needs.

🛠️ Method

The dashboard is designed to provide detailed analysis of Hadeswap's governance by utilizing different pages to track various metrics.

The first page gives an overview of Hadeswap's proposals and their state. It shows the proposal addresses, start and end of voting dates, total number of votes, unique voters, and the proposal's state. This page allows users to quickly view the status of all Hadeswap proposals at a glance.

The second page is dedicated to tracking Hadeswap's governance activity and key metrics over time. It includes graphs that display the number of voters, votes and vote option over time.

The third page compares Hadeswap's governance to other DAOs on the Solana ecosystem. The top 10 governance entities are distinguished based on the most received votes, voters, and voting power then have been compared those with Hadeswap. This comparison allows users to see how Hadeswap's governance stacks up against other prominent DAOs in the Solana ecosystem.

The last page is dedicated to tracking the transferring of $Hades token by governance participants over time. To gather this information, the dashboard first finds the voter balance and then tracks their transfer transactions over time. This information can be used to gain insight into how frequently voters are transferring $Hades tokens and how it correlates with their voting behavior.

Overall, the dashboard provides a comprehensive analysis of Hadeswap's governance on the Solana ecosystem and Realms platform. By utilizing different pages and metrics, users can gain a deeper understanding of Hadeswap's governance structure and its impact on the platform's overall performance.

✍🏻 Conclusion

Based on the findings above, we can say that Hadeswap governance is not yet among the top 10 in terms of casted votes, voting power, and voting participants, but it is close to half of the top 10 realms. There is more even distribution of vote options on Hadeswap compared to other top 10 realms, and the voting power is more concentrated than the top 10 realms. However, there is a notable increase in token transfers just before major governance events, suggesting that some members may be engaging in token-swapping strategies to impact the outcome of proposals.

In terms of voting participation, there is a decent level of activity, especially considering Hadeswap's position outside the top 10. However, the concentration of voting power in certain proposals may suggest that the DAO is controlled by a loud minority.

It is possible that some holders are transferring Hades tokens before casting a vote or purchasing Hades tokens to make a vote. This could be an attempt to spread voting power among multiple wallets. The "bribe wars" mentioned in the initial report may continue, but it is unclear how they will shake out.

Overall, more research is needed to determine the extent of token-swapping strategies and the potential impact on Hadeswap governance. Additionally, it would be helpful to investigate the concentration of voting power in more detail to determine whether the DAO is controlled by a small group of holders or more evenly distributed.

Hey there 👋!

Firstly, I appreciate you sticking with it until the conclusion.

I'm Hamed, a civil engineering Ph.D.

student interested in data analysis.

I've made many similar dashboards and visualizations since I started at Flipside in January.

Please take a look at my various contact details and let me know what you think.

About:

• Author: HaM☰d

• Discord: 0xHaM☰d#8391

• Twitter: @arjmandi_hamed

• Email: h_arjmandi2012@yahoo.com