Open Analytics Bounty: MakerDAO (September 1)

    MakerDAO is an open-source project built on the Ethereum blockchain. MKR is a protocol on the Ethereum blockchain, considered one of the largest decentralized applications.

    MKR holders can use tokens to vote and make future decisions in the Maker protocol. MKR is also used to ensure DAI stability. It is very similar to real business. Investors have shares in a given company and depending on what percentage they have, they can influence the most important decision of the company. The more shares, the greater the impact on the company's future.

    In this dashboard, we are gonna explore the new pools created since the start of this month (September 1st) and we will undergo a deep exploration analyzing the following metrics:

    • New proposals and their debut date
    • Number of voters and votes per proposal
    • Votes on each proposal and consequences
    • Crossover of users between proposals
    • Distribution of average votes per type of user
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    As a results, it can be seen how the major of the proposals were generated on the same date. The new 7 proposals created during this month debuted on 2 different days. Proposal IDs 858 to 861 debuted on September 5th while proposal 862 to 864 debuted on September 6th.

    The activity shown on this proposals looks similar. In the first three propoals IDs, the same number of votes and voters participated on them (14). Just one more participated on the proposal 861. The participation has been lower for proposals from 862 to 864.

    The distribution of votes differ from one proposal to other. In the left chart, we can see the proposals and the current results. As seen, in the major of the cases the major of the votes are ‘Yes’. However, in two of them the votes are more heterogeneous.

    Finally, we can see how the major of the voters not only participated in one Proposal, so they try to participate in the major of them.

    In fact, among the 16 unique voters, 14 of them participated in more than 1 proposal, representing 87.5% of them.

    Loooking at this different type of users, we can see how as well, the distribution of voting options differ from one group to another. While the crossover users voted 68% ‘Yes’, 19% ‘No’ and 13% ‘Abstain, non crossover users voted 50% ‘Yes’ and 50% ‘No’.

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    To conclude we have extracted the following information from this analysis:

    • There have been new 7 proposals created during this month debuted on 2 different days, September 5-6th.

    • In the first three propoals IDs, the same number of votes and voters participated on them (14). Just one more participated on the proposal 861. The participation has been lower for proposals from 862 to 864.

    • In the major of the cases the major of the votes are ‘Yes’. However, in two of them the votes are more heterogeneous:

      Community Greenlight Poll - GUNIV3-BUSD-DAI and MKR Pro-Rata Vesting for former RWF-001 Members.

    • Among the 16 unique voters, 14 of them participated in more than 1 proposal, representing 87.5% of them.

    • The distribution of voting options differ from one group to another. While the crossover users voted 68% ‘Yes’, 19% ‘No’ and 13% ‘Abstain, non crossover users voted 50% ‘Yes’ and 50% ‘No’.

    Since September 1st, the following Proposals seems to pass:

    • 'Community Greenlight Poll - GNO (GnosisDAO)'
    • 'Short Ratification Poll for Legal Work on MIP65 Special Purpose Fund
    • 'Short Ratification Poll for MIP65 Amendments'
    • 'Updating HVBank (RWA-009) Legal Agreements'