Lil Nouns Governance

by J.Hackworth

Lil Nouns is a DAO based off Nouns DAO where every fifteen minutes a newly generated NFT is created based off randomly selected characteristics. In order to participate in governance of the DAO. You need to vote with your lil Noun. For every Lil Noun you own, you get one vote

We can see that the even with increase in supply, the percentage of votes / total supply does not necessarily change, but fluctuates around 20%. The number of votes has increased until proposal 22, where a sharp declines has been observe

The proposals for the most part have succeed. As mentioned, a few addresses control multiple nouns which translates to votes. A few additional proposals may not have passed (right) if a address could only have one lil noun

Votes by Proposer

Looking at the number of voters per proposer, over 50% of total votes stem two to addresses. These, addresses are most likely the founding team or power users of the DAO

Votes to Eth

Its does not appear that the total ETH needed for a proposal is correlated to the number of Votes. My initial thought would be that if the DAO is giving out a hefty investment more people would want to act upon it

What’s actually interesting about this is that it appears that the unique voters has remained relatively the same (+/- 5 Voters). To me this means that for the most part there are a few parties that control a lot of the votes and hold multiple lil nouns. This signifies that for the governance, voting is not as evenly distributed or used as much as a DAO would hope for