Date: 2022-12-15

This analysis is focused on movement of delegation, Especially proposal #82 on Cosmos.

All data is from the beginning until now.

Quick introduction

What Is Cosmos?

Cosmos (ATOM) is a decentralized network of independent blockchains, each powered by Byzantine Fault-Tolerant (BFT) consensus algorithms. $ATOM is the native staking token of the Cosmos Network. The Cosmos vision is to build an “internet of blockchains” that can scale and interoperate with one another.

What Is Proposal #82?

We suggest a new Cosmos Hub vision statement, a companion to the 2017 article that focused on IBC-connected chains. The Hub's original vision has been realized with the Cosmos Stack (Tendermint, IBC, and SDK) and critical technologies for secure economic scalability (Interchain Security and Liquid Staking). This document signals the transfer to the Cosmos Hub as an infrastructure service platform and ATOM's renewed role as preferred collateral within the Cosmos Network. Interchain Scheduler and Interchain Allocator are app-specific features that accelerate interchain growth. Interchain Scheduler is a cross-chain block space marketplace that earns MEV money. Interchain Allocator uses these profits to capitalize new Cosmos chains, stimulate interchain collaboration, and extend the Scheduler's addressable market. After a 36-month transition phase, exponential issuance is lowered to a consistent amount of ATOM released per month. The report proposes forming Cosmos Councils to create and operate the plan. Cosmos Councils compose the Cosmos Assembly, an ATOM-accountable entity responsible for setting yearly goals, resourcing, and administering Cosmos Hub activities.

Methods

📝In this dashboard, we first reviewed the events related to the Cosmos ecosystem and displayed the contribution of each one. These events include:

• Delegate
• Redelegate
• Unbond

☑️ Also, their changes over time are also visible on the chart. Then I also displayed the New Cosmos Redeligators on the chart daily.

↘️ In the second part of the dashboard, I went to Proposal #82 and displayed the Redelegated Users based on the number of users and the number of transactions. I applied the following conditions to filter redelegate transactions related to Proposal #82:

:a:

    where
        TX_SUCCEEDED = 'TRUE'
        and proposal_id = '82'

:b:

    where
        BLOCK_TIMESTAMP :: date >= '2022-10-31'
        and BLOCK_TIMESTAMP :: date <= '2022-11-14'
        and action = 'redelegate'

➡️ Finally, I calculated and displayed Top Redelegations, Top Redelegations Source Validators, Top Redelegations Destinations Validators and Top Redelegations Flows for Prop 82.

🔢 Tables used in this dashboard:

> :one: cosmos.core.fact_msg_attributes > > :two: cosmos.core.fact_validators > > :three: cosmos.core.fact_msgs

Conclusion

• By examining and analyzing the data and charts of this dashboard, we can conclude that so far in the Cosmos ecosystem, delegate has been the most popular event with 86.9% and redelegate has been about 5.2%, i.e. 171.9 thousand transactions. In the following, we saw that redelegate has grown mildly over time and reached its peak in April 2022, but delegate has grown significantly over time and in recent months. Also, the total number of New Cosmos Redeligators to date is 82K.
• Finally we saw that, according to the charts above, about 72% of the redelegate votes in Proposal 82 were different and about 28% were the same. (both in terms of the number of users and the number of transactions). Also, according to Top Redelegations Source Validators, SG-1 - Yes ranks first with 18%. In terms of Top Redelegations Destinations Validators, GATA DAO - Abstain ranks first with 588. And in terms of Top Redelegations Flows, inactive validator Do NOT delegate => 0base.vc ranks first with a share of 31.9%.

Thanks for reading!

This analysis was created on 2022–12–15 for a bounty at Flipside Crypto by Hesam to answer the following questions: #Cosmos - Let's explore movement of delegation on Cosmos. When delegators un-stake from one validator and move to another, is there any pattern to where they re-stake? Are users more likely to re-delegate after their validator votes in a way they disagree with? Do they re-align their stake with validators whose values reflect their own? How do validator votes change over the course of a proposal? Share any interesting voting statistics you find. Examine any voting propositions here (example: Prop 82) as a use case to explore these questions.

BONUS:

All data used are from Flipside Crypto.

Twitter:

💠 Cosmos Events

:bar_chart: Daily:

:bar_chart: Monthly:

Daily New Cosmos Redeligators

:chart: Analyze

According to the above information, it can be said that so far in the Cosmos ecosystem, delegate has been the most popular event with 86.9% and redelegate has been about 5.2%, i.e. 171.9 thousand transactions.

In the following, we saw that redelegate has grown mildly over time and reached its peak in April 2022, but delegate has grown significantly over time and in recent months. Also, the total number of New Cosmos Redeligators to date is 82K.

💠User Redelagated Base on Validator Vote - ==Proposal #82

Based on Number of Wallet

Based on Number of Transactions

💠 Daily ==Top Redelegations== - Proposal #82

Top Redelegations Source Validators

Top Redelegations Destinations Validators

Top Redelegations Flows - Proposal #82 Visual

:chart: Analyze

According to the charts above, about 72% of the redelegate votes in Proposal 82 were different and about 28% were the same. (both in terms of the number of users and the number of transactions) Also, according to Top Redelegations Source Validators, SG-1 - Yes ranks first with 18%. In terms of Top Redelegations Destinations Validators, GATA DAO - Abstain ranks first with 588. And in terms of Top Redelegations Flows, inactive validator Do NOT delegate => 0base.vc ranks first with a share of 31.9%.