What is Osmosis?

Osmosis is a DEX protocol, which means it uses smart contracts to determine the price of digital assets, to produce liquidity via a peer-to-peer (P2P) methodology, and to exact trades between users. This approach to an exchange platform is known as an AMM — a DEX protocol that prices crypto assets in liquidity pools.

What is Proof of stake?

Proof-of-stake protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work schemes.

What is the Nakamoto coefficient?

The Nakamoto Coefficient ascertains the number of nodes that must be compromised to affect the blockchain and obstruct it from functioning correctly. A higher Nakamoto measure indicates a more decentralized network. This means that the network has a large number of nodes. in this dashboard, we will consider 51% of network voting power as enough to obstruct Osmosis from functioning correctly.

Methodology

In this dashboard, we are looking to see the results of the proposals (114, 196 & 337). additionally, we are looking to see how these proposals have affected decentralization on Osmosis in terms of validators and the Nakamoto coefficient. The data for this dashboard will come from the osmosis.core tables of Flipside’s database.

Sections

1. Proposals (114, 196 & 337) Voting
2. Osmosis Voting power by Validator
3. Osmosis Decentralization

Proposals (114, 196 & 337) Voting

Observations

• Proposals 114, 196 and 337 all have over 70% yes votes.
• Proposal 114 had the most significant percentage of no votes with nearly 20% of the voting power.
• These 3 proposals happened on December 2021, May 2022, and September 2022.

Osmosis Voting power by Validator

Observations

• Currently, Osmosis has a Nakamoto coefficient of 8, this is a 125% increase from This time last year
• The total number of validators on Osmosis is currently 120
• After proposal 196 there has been a dramatic increase in decentralization on osmosis

Osmosis Decentralization

Conclusion

• Proposals (114, 196 & 337) Voting
  • Proposals 114, 196, and 337 all have over 70% yes votes.
  • Proposal 114 had the most significant percentage of no votes with nearly 20% of the voting power.
  • These 3 proposals happened on December 2021, May 2022, and September 2022.
• Osmosis Decentralization
  • Currently, Osmosis has a Nakamoto coefficient of 8, this is a 125% increase from This time last year
  • The total number of validators on Osmosis is currently 120
  • After proposal 196 there has been a dramatic increase in decentralization on osmosis