Introduction

The dashboard aims to analyze the voting activity and holder behavior of LilNouns Dao.

Methodology

• As the governance proposals and voting activity is maintained on-chain, we can easily look up the events for our analysis.
• Sample Voting transaction_hash: 0x783d64b2146de10f7545e1053a6fa58d2846ee78fb5dc30ed635182ac5313e9b
• Tables used:
  • ethereum.core.fact_event_logs: for VOTE/ Proposal info
  • ethereum.core.ez_nft_transfers: gathering total NFTs/holders

Now that we have the tally of the total LilNouns NFTs that exist and their holders, let's dig into the voting/governance stats.

• Wow! Less than 1/5th of the holders seem to have bothered to participate in voting on either proposal so far...
• Let's look at the activity for each individual proposal. Likely, the activity increases over time as more LilNouns are minted and the number of holders grows.

• Our assumption about governance/voting activity increasing over time and over successive proposals seems to be totally incorrect!

• Given the fact LilNouns is supposed to be the more affordable and higher supply/mints per day version of the Nouns, it is likely that the on-chain fees involved for governance transactions could be a hindrance!

• We do see more participation as the balance approaches/exceeds 1ETH.
• But even amongst holders that have sufficient ETH, the majority seems not at all interested in participating in governance!

In the above visualization, we take the wallets' MAX ETH balance in the last 60-day span and relate it to their voting activity. We also tried taking the average of the 7-Day rolling average of the balances, negligible differences in the overall plot/inferences

Analyst Details:

• Discord: TheLaughingMan#3062
• Twitter: @LeLaughingMan