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    Open Analytics Bounty: MakerDAO (September 1)

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    what is Maker Dao?


    At launch, 1 million MKR tokens were created to govern the Maker protocol.

    Anyone who owns these MKR tokens can cast a vote on key decisions using a process known as Executive Voting. If an Executive Vote is passed, then the code in the Maker Protocol is changed to reflect the winning proposal. 

    However, before an Executive Vote can be carried out, another form of voting must first take place. This is called Proposal Polling, and it’s a way for MKR holders to gauge sentiment on a proposal before committing any changes to the software. 

    third type of vote can be cast by non-MKR holders using threads in the MakerDAO forum. 

    But while anyone may make proposals to MakerDAO, only MKR holders can vote on them. A vote is then measured by the amount of MKR tokens committed to a proposal. 

    For example, if 10 holders with 1,000 MKR vote for Proposal A, while 5 holders with 5,000 MKR vote for Proposal B, Proposal B wins because more MKR tokens support it. 

    Only the number of tokens, not the number of token holders, influences the vote’s outcome. 

    DAI Savings Rate

    Importantly, MKR holders can decide how much DAI holders earn if they save DAI on the platform. The amount DAI holders earn for doing this is known as the DAI Savings Rate. 

    The DAI Savings Rate has been as high as 8.75% per annum, and as low as 0%. In fact, the current savings rate is set at zero due to a market crash in March that caused DAI to trade significantly above $1. 

    In the aftermath of the crash, MKR holders voted to set the DAI Savings Rate to 0% to encourage the sale of DAI, which would bring the price of DAI closer to $1. 

    In this case, MKR holders voted in-line with expectations. 

    When the price of DAI rises above $1, MKR holders are expected to vote to decrease the savings rate to reduce demand, causing the price to fall. 

    If the price of DAI is under a dollar, then MKR holders should vote to raise the savings rate to increase demand to hold DAI, thus causing the price to rise. 

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    what is Maker Dao?


    In Brief

    • MakerDAO is a decentralized organization built on Ethereum to allow lending and borrowing of cryptocurrencies without the need for a middle man

    • MakerDAO is made up of a smart contract service that manages borrowing and lending, as well as two currencies: DAI and MKR to regulate the value of loans.

    • MakerDAO is a part of the "DeFi" movement - a catch-all term for financial tools and services that don't rely on centralized parties to coordinate and control access.

    • MakerDAO is an organization developing technology for borrowing, savings, and a stable cryptocurrency on the Ethereum blockchain. It has created a protocol allowing anyone with ETH and a MetaMask wallet to lend themselves money in the form of a stablecoin called DAI. By locking up some ETH in MakerDAO’s smart contracts, users can create a certain amount of DAI–the more ETH locked up, the more DAI can be created. When users are ready to unlock their ETH, which serves as collateral for their DAI loan, they simply pay back the loan along with any fees.

      MakerDAO has created a core layer of the decentralized financial system on Ethereum–what the kids these days are calling “DeFi”. 

    • source link

    method

    • To solve this question :

    • In the first step, I obtained a series of general information( total vote & total voter & total proposal & total pool) with the help of Table ethereum.maker.ez_governance_votes / daily AND all time

    • In the next step, I obtained total vote & total voter & total proposal for each pool with the help of

      ethereum.maker.ez_governance_votes -Table and i got total gas fee for each pool overtime & daily with help of

      ethereum.core.fact_transactions

    • next step top voter & top proposal with help above table

    • In the last stage, I got total MKR lock and free in Maker Dao /all time / Daily with help of

      ethereum.maker.ez_delegations table.

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    pool

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    overview

    In this dashboard,I will review the following

    • In the first stage, a brief introduction to what is Maker Dao? & what is Maker Dao?
    • In this dashboard, I intend to discuss the general issue of voting in the MAKER DAO
    • . At first, I discussed the number of votes, & voters, & proposals & pool.
    • Then I did a general review of the voting pools In the next step,
    • check the best voter in terms of the number of votes
    • The next step is the best proposals
    • And finally, I have paid the amount of locked and released dollars.
    • Analyze each chart
    • General conclusion about the dashboard

    introduction

    vote & voter

    top 10 voter & proposal

    total MKR lock & free

    absorption

    • in the graph on the left, the top ten voters in terms of the number of votes are marked, which have a slight difference in the number of votes.

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    • The top ten proposals in terms of the number of votes and the number of voters are shown in the graph on the left. The highest number of votes and voters is related to proposal number 849.

    apsorbtion

    • As we can see, in terms of the number of votes, pool number 0xf9be8f0945acddeedaa64dfca5fe9629d0cf8e5d is ranked first. But in terms of the number of voters and proposals, pool number 0xd3a9fe267852281a1e6307a1c37cdfd76d39b133

      ranks first.

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    • In terms of Gas FEE, the pool with the highest number of votes(0xf9be8f0945acddeedaa64dfca5fe9629d0cf8e5d) has the highest fee.

    • In terms of the fee of daily payment, it is completely in accordance with the number of votes chart, that is, the more the number of votes in a day, the higher the amount of the paid fee.

    absorption

    • In the graphs on the left, we see the amount of MKR locked and released in Maker DAO. Locked amount Amount released And over time, this trend has been completely variable. On some days, the amount of MKR locked and released was almost equal.

    absorption

    • As we can see in the graph on the left, the trend of the number of votes has fluctuated a lot over time. The lowest number of votes was from March 2021 to April 2022, which was mostly influenced by the general market conditions.

    • Regarding the number of voters, the situation was exactly like the above chart. However,

    • in the case of the number of proposals, unlike the above two charts, the trend is always the same and we do not see a period of decline.

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    • And regarding the number of voting pools, there were three pools in total. The interesting point is that not even in one day were three pools used together, one or two pools during the day.

    contact data :

    discod : esi69#8413

    twitter : @oroujiehsan

    > # thanks for reading !

    conclusion

    • As we have seen in the graphs above, the voting trend in the Maker system is an acceptable and positive trend. And since the beginning of the new year, this trend has been accompanied by an increase.

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    • Regarding the payment of GAS FEE based on the number of votes, the amount of FEE was an acceptable amount.

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    • And the amount of MKR locked in the collection has always been more than the MKR released from the collection.

    • top voter = 0xfdd650e5838fb21ead6479c7430da3f9cb3a833f

    • top proposal = id 849