Voting Activity

    Q1. The Lil Nouns DAO is controlled via onchain voting by token holders. Using the ethereum database, analyze voting activity on Lil Nouns proposals. Since voting is on chain and costs gas, are smaller holders excluded from the voting process? Visualize and analyze this question, along with any other trends you find that are relevant.

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    Overview

    In this dashboard, the goal was to analyze voting activity on Lil nouns. So at first, the number of voters and votes were calculated, then the voting trend was shown on charts. After that, the number of wallets that voted on each proposal was found. Finally, a reason presented about including or excluding smallholders from the voting process.

    Voting activity on LIL nouns proposals

    Since the second proposal, after May 22nd, 155 wallets submitted 403 votes for 17 proposals. The following bar chart shows the number of voters daily. According to the chart, the number of voters decreased over time. May 22nd, with 36 new voters, had the most voters. If we look at the second chart, the daily number of votes, we see this descending trend in the number of votes. So after the second proposal, the enthusiasm for submitting votes decreased.

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    The below bar chart shows the number of voters for each unique proposal. Among them, proposal number two had the most number of voters. In another aspect, the chart below shows the Absence of voters after the second proposal. Maybe the reason was the high gas fee for voting on the Ethereum blockchain.

    The bar chart below distinctly shows the number of votes each wallet submitted on all proposals. The point is just one wallet(0x64e...8dc) participated in voting on all proposals. When the number of submitting votes increased, the number of voters decreased. On average, each wallet submitted two votes.

    Are smaller holders excluded from the voting process?

    It's hard to show it with a chart, but our answer is no because there were many accounts with a lot of ETH balance, but they voted just once or twice. Another reason is the wallets that submitted votes on more than 11 proposals had little ETH balance. So smallholders are included in the voting process.

    Conclusion

    1. After May 22nd, 155 wallets submitted 403 votes for 17 proposals.
    2. The number of voters decreased over time.
    3. Proposal number two had the most number of voters.
    4. When the number of submitting votes increased, the number of voters decreased.
    5. Smallholders are included in the voting process.