Dashboard Overview

• The dashboard will be analyzing Nouns DAO’s on-chain voting activity.
• The ultimate goal will be to assess proposal engagement, relative to the number of nouns in existence by the proposal’s end.

Author:

• Twitter: @lelaughingman
• Flipside Bounty Hunter: TheLaughingMan
• Discord: TheLaughingMan#3062

1. Nouns Minted Over Time

• This component is required as we need to know the exact supply at the time a proposal’s voting ends. This will keep the calculations for engagement fair and balanced with respect to the Nouns’ supply.

Notes:

• A noun is minted once every day and auctioned off.

• Every 10th noun is a double mint, where the other Noun is transferred to the Nouns’ treasury.

  Eg: Nouns #0 & #1, #10 & #11, and so on!

  Such days can be distinguished by the single/double mint tags on the chart →

• Strangely, there have been 3 odd days since inception where there wasn’t a single mint! 🤔

2. Voting Participation Data/Outcome for each proposal

• The voting data helps figure out the total voters for a proposal, as well as the overall outcome of that proposal

Notes:

• Nouns DAO has forked Compound’s Governance design/contract.
• As such, the voting_power(votes) are determined by the Nouns held by the voter at the time of the vote as well as any Nouns delegated to the voter by other holders.

3. Proposal Engagements

• Now that all the components are in place, we can plot the engagement percentages!

• Engagement Percentage is defined as:

  (Vote_Power_That_Voted/Nouns_Existing)*100
  

Notes:

• We see that the majority of proposals stick between the 10-25% engagement range.
• However, there are notable extremes/outliers under 10% and above 25%!

Before getting to the goal (proposal engagement), the dashboard first builds up the required components or the building blocks…

The building blocks are:

1. Nouns minted over time

2. Voting Participation Data/Outcome for each proposal

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Once we have these components, we can join them together to get the finale:

3. The proposal Engagement

Sources Used:

• Nouns’ Official website
• Any and all images have been sourced from the website. Credit to original creators
• Special thanks to Delta/M.Zamani in #lilnouns for discussing their thought process and insights! 👋

Lastly, lets look at the best/worst performing proposals wrt engagement!