What is the 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?

How did the nakamoto coefficient change after these events? Did time play a factor? Analyze both voting power & the nakamoto coefficient t+30,+60,&+90 days after these proposals.

Analyzed Topics:

1. Proposal 114 Daily & Overall Stats
2. Proposal 196 Daily & Overall Stats
3. Proposal 337 Daily & Overall Stats
4. Votes & Voters Comparison
5. Osmosis Voting Power by validator Address
6. Osmosis Nakamoto Coefficient Stats

Introduction🚩

What is Osmosis?

Osmosis is a DEX protocol, which means it uses smart contracts to determine the price of digital assets, to produce liquidity via a peer-to-peer (P2P) methodology, and to exact trades between users. This approach to an exchange platform is known as an AMM — a DEX protocol that prices crypto assets in liquidity pools.

What is Osmosis Governance?

Osmosis has an on-chain governance mechanism for passing text proposals, changing consensus parameters, spending funds from the community pool, and for updating Osmosis pool incentives.

More Info

Method⚡

In this dashboard Im going to explore Proposal 114, 196 and 337 daily & overall stats, how they affected on Osmosis decentralization and take a look at osmosis voting power by validators over time, then see what does its Nakamoto coefficient doing?

I extracted data from ==Osmosis.core== database provided by Flipsidecrypto and used these 3 tables from it:

1. osmosis.core.fact_governance_votes
2. osmosis.core.dim_vote_options
3. osmosis.core.fact_staking

Also i only considered successful votes with tx_status = 'SUCCEEDED'

Dashboard made on ==2022-11-02==

1. Proposal 114 Daily & Overall Stats

2. Proposal 196 Daily & Overall Stats

3. Proposal 337 Daily & Overall Stats

Findings👀

• Voting for Proposal 196 started on April 8th and ended on April 13th
• In this period of time a total of 43K voters recorded approximately 44.5K votes
• 41K of these votes were YES option (Over 90%)

Findings👀

• Voting for Proposal 114 started on Dec 29th 2021 and ended on Jan 1st 2022
• In this period of time a total of 3.2K voters recorded over 3.8K votes
• YES votes were so much more than other Vote Options
• Yes option accounted almost 70% of all voting options

Findings👀

• Voting for Proposal 337 started on Sep 28th and ended on Oct 3th (Last Month)
• A total of 21.8K voters recorded almost 23 Votes and most of them were YES option
• It seems like users loved this proposal and over 95% of them voted YES
• Most of the votes submitted on Sep 29th

4. Votes & Voters Comparison

Findings👀

• In overall, Proposal 196 had more votes especially YES than the other 2
• Proposal 114 had the most number of NO votes between these proposals
• Users loved Proposal 337 more than other proposals and more percentage of users voted YES to that proposal when we compare it to proposal 114 and 196

5. Osmosis Voting Power by validator Address

6. Osmosis Nakamoto Coefficient Stats

Credit to ==jacktheguy== for this section

Conclusion💡

• Voting for Proposal 114 started on Dec 29th 2021 and ended on Jan 1st 2022
• A total of 3.2K voters recorded over 3.8K votes for Proposal 114
• Voting for Proposal 196 started on April 8th and ended on April 13th
• A total of 43K voters recorded approximately 44.5K votes for Proposal 196
• Voting for Proposal 337 started on Sep 28th and ended on Oct 3th (Last Month)
• A total of 21.8K voters recorded almost 23 Votes and most of them were YES option
• In overall, Proposal 196 had more votes especially YES than the other 2
• Voters loved Proposal 337 more than others
• Monthly voting power of osmosis by validators is increasing month by month
• After proposal 196 there has been a dramatic increase in decentralization on osmosis
• Currently, Osmosis has a Nakamoto coefficient of 8 on Oct 31th, it increased almost 14% from this day in last year

Author: Sbhn_NP

Discord : Sbhn_NP#8717

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Thanks for your time!