84. Governance Participation

This dashboard looks at different metrics of governance in the Terra ecosystem. Governance is a system whereby the community can propose and vote on amendments to the Terra protocol. I first looked at the proposal side of governance, where members of the community propose new ideas which other members vote on. The top proposer had 8 different proposals, and the number dropped off sharply after, with the next highest proposer having only 4, and 6 of the top 10 only having 2 proposals each. The next thing I looked at was the average balance that these addresses had, to see if there was a correlation between the balance of a wallet and their number of proposals. Interestingly enough, the top proposer only had an average balance of about $300, which I would have thought would be higher. Although the second highest proposer, with 4 proposals, had the highest average balance of about 41.5 million. I hypothesized that those with the most proposals would have the highest balances, although this does not seem to be the case, with a mix of high and low balances in the top proposers. I next looked at the top 10 voters over the past six months and their average voting power. I hypothesized that those with the highest voting power would have the highest number of votes. The average voting power over the past six months over all Terra addresses was about 4,300, and all but two addresses had well above that number, which suggests those who have more voting power are more likely to vote on Terra governance proposals.