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1/ A recap about one of the first formal examples of on-chain #governance
@AragonProject token holders recently approved ~$6M worth of capital being deployed in different proposals to foster protocol development
@AragonProject token holders recently approved ~$6M worth of capital being deployed in different proposals to foster protocol development
2/ While 9.3% of the circulating ANT supply took part in the ballot (~$1.6M in economic interest), just 0.3% of the total holders (60 out of >20k addresses) voted
3/ AGP-5 (proposal to fund @AragonOneTeam’s 2019 operations) received a 97% approval rate, with 32 addresses participating, of which the top 3 concentrated 87% of the decision power
4/ Despite a large decision power concentration, #Aragon exhibits many components of a healthy protocol: a vibrant community (350 DAOs), multiple development entities, a nonprofit legislative body (Association) and a user base that debates and endures changes it deems beneficial
5/ Crypto governance remains in its infancy, but mechanisms for social coordination and dispute-resolution start emerging.
The concern now is the building of networks with the assumption of an active, educated electorate while both are scarce faculties at this stage.
The concern now is the building of networks with the assumption of an active, educated electorate while both are scarce faculties at this stage.
All data sources and chain analysis used for the study: docs.google.com/spreadsheets/d…
