Voting Activity

    The Lil Nouns DAO is controlled via on-chain voting by token holders. Using the Ethereum database, analyze voting activity on Lil Nouns proposals. Since voting is on chain and costs gas, are smaller holders excluded from the voting process? Visualize and analyze this question, along with any other trends you find that are relevant.

    Lil Nouns DAO is a DAO created to attract more people to Nouns. It was funded by their own artwork collection, Lil Noun NFTs, which planned to be released every 15 minutes, forever. Similar to various other DAO, Lil Nouns ecosystem are controlled through proposal and voting mechanism. This dashboard will look into Lil Nouns governance, their voting system.

    Lil Dao Proposal Record

    Referring data table below, there are 15 number of proposal that ever has a voting history. According to their website, Lil Nouns Dao the total number of proposal is at 20, but the remaining 5 is either cancelled without any votes, or queued of pending.

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    Based on the table above, the most engaging proposal, is proposal #15. The proposal was aimed to assist one of Lil Nouns Dao contributor, requesting 50 Eth, in exchange of further committing his time and energy to Lil Dao ecosystem. The proposal accumulated a total 353 votes; 334 supporting and 19 against; which end up executed. Community for community! Let's analyze other proposal as well. From the data there is 8 executed (9 if referring to the website) and 3 defeated proposal.

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    First ever voting transaction can be found on 22nd of May 2022, with only 36 number of voting transaction on that week. Above chart visualize the number of voting transactions for the following weeks. With only 20 proposal as of 18/6/2022, this is can be said a fair amount. Next, let us look into voting transactions. Here are some FAQs about the voting.

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    Voting is not exactly a cheap transactions. Referring data above, cost per transaction (gas paid and transaction fees) ranges from 0.001974 to 0.02859 Eth and average at 0.007 (8$ with current Eth price). Will this says anything about the voter? Lets find out.

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    The total value of all voters is at 3.4m $, with average of 22,287 $ per wallet. Donut distribution above visualize their value. only 23% valued at below 1000$, the remaining is much higher. Although the may not exactly be called whales, they for sure own a lot. Lil Nouns is a rich people community? Maybe just the governing members.