Proposals

In the below you can find top proposal in terms of number of votes they received.

Overview

Snapshot is a platform offering voting system for blockchain’s projects. As the voting mechanism is operated off-chain votes are transaction fee free that encourages more people to participate.

Each voting process has three main actors:

1. proposal author who is the owner of the proposal,
2. space or protocol which vote is related to
3. voters who vote for any of available options to vote

This dashboard first provides an overview of snapshot by looking into each of the abovementioned actors. The investigation is cross sectional and over time.

Descriptives

Graphs below show how the number of proposals, votes and voters have changed over time.

We can see that the highest monthly proposal votes happened on November 2021.

space

Graphs below show how the number of voters/votes, authors and proposals are distributed among spaces. We can see that the top space in terms of votes is Shellprotocol.eth.

Authors

Graphs below show how number of proposals, voters/vote are distributed among authors. Top authors are also identifiable.

What contributes to the number of votes

The effect of two variables on the votes turnout will be examined: 1. ETH price and 2. opinion polarization around the proposal.

We can see how the daily number of votes and daily average Ethereum price have changed overt time.

The scatter plot also shows no correlation between ETH price and number of votes. This should be tested statistically, however, visualization does not show a significant correlation between ETH price and the popularity of voting on Snapshot.

We measure the intensity of discussions around a proposal by standard deviation of votes on available options.

The high standard deviation presents the more intense discussion around the proposal and the low standard deviation represents consensus on the issue.

As the data shows the lower consensus lead to the higher turnout.

This correlation has been already found in political voting on elections as well.