Voting Power Within the Arbitrum DAO

    Track the consolidation of voting power within the Arbitrum DAO. How many unique wallets have delegated their ARB tokens? How many unique delegates received tokens? Create a dashboard that monitors the total voting power and number of unique delegators for the top 50 delegates. Identify the top 10 delegators (by total ARB) for each delegate in the top 50. Also examine the on chain activities of wallets that have chosen to delegate their voting power and note any patterns. Based on transaction histories, is it possible to identify which user segments are more likely to delegate tokens?

    Arbitrum DAO Voting Power

    Built on the Ethereum network, The Arbitrum DAO is a decentralized autonomous organization. Participants in the Arbitrum DAO can use their voting authority to influence the decision-making process. Individuals can voice their preferences on proposals made by other DAO members through the use of voting power. An individual's impact over a vote's outcome increases with their number of votes.

    The number of ARB tokens a person owns determines how many votes they have in the Arbitrum DAO. The native cryptocurrency of the Arbitrum network, ARB tokens are used for internal trade inside the ecosystem. More ARB tokens are held by a person, which increases their voting power and their ability to influence the DAO's future.

    An essential instrument for guaranteeing that the community's overall interests are reflected and that decisions are made in a transparent and democratic way is the usage of voting power within the Arbitrum DAO. Individuals have the ability to participate in the governance of the DAO and influence its future course through the use of voting power.

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    The Arbitrum DAO live on Tally

    The Arbitrum DAO is now live on Tally, an open-source governance platform that allows users to vote on proposals and manage decentralized autonomous organizations (DAOs). This integration marks a significant milestone for Arbitrum, a Layer 2 scaling solution for Ethereum that aims to provide faster and cheaper transactions while maintaining the security and decentralization of the Ethereum network.

    With the launch of the Arbitrum DAO on Tally, users can now participate in the governance of the Arbitrum network and vote on proposals that will shape its future development. This includes decisions related to protocol upgrades, fee structures, and other key aspects of the network.

    The integration with Tally also brings a range of other benefits for users, including increased transparency and accessibility. Tally provides a user-friendly interface for participating in DAO governance, making it easier for users to engage with the network and have their voices heard.

    In addition to its integration with Tally, the Arbitrum network has seen significant growth and adoption in recent months. The network has attracted a growing number of developers and users, with over 450 projects now building on Arbitrum and more than $2 billion in total value locked (TVL) on the network.

    The launch of the Arbitrum DAO on Tally represents an important step forward for the Ethereum ecosystem, as it demonstrates the power of decentralized governance and the potential of Layer 2 scaling solutions to support the growth and development of decentralized applications (dApps) and the wider blockchain industry.

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    Methodology

    Since the delegation app went live on March 17, 2023, we looked into the amount of delegations using "arbitrum.core.fact_event_logs" in this dashboard. The delegator and delgatee in various events are defined using the event_inputs column.
    Transactions involving self-delegation were also investigated. the delegation events identified by the 'DelegateChanged' event name and smart contract address of '0x912CE59144191C1204E64559FE8253a0e49E6548'. We keep track of each transaction's two occurrences, "DelegateChanged" and "DelegateVotesChanged," which specify the delegate's current balance and historical balance. To determine the ARB delegate amount for each transaction, we deduct these two terms.
    Finally, depending on the new balance of delegations, we gathered the top 50 delegates. identify the top 10 delegators in each of the top 50 delegates, then choose a legate from the parameters section. The activity pattern reveals the days of the week and times of day when these delegations take place.