Introduction

This Bounty comes in two parts. I will firstly investigate the total (and average) voting power per each proposal in LUNA. The second step will be to look at which of these wallets comes from validator wallets vs other individual wallets.

Voting Power

In the first section, we will look at the total and average voting power per each proposal.

The graph above shows the overall voting power for each proposal ID. We can also see the average voting power, although it's not very visible on this graph in particular. In order to see this more clearly, a logarithmic graph of the same data can be re-plotted, which is shown below:

For the biggest spike in the first graph, we can see that proposal 165 got the most attention from users. The second graph shows that proposal 165 had equal voting power from both smaller and bigger wallets. In order to see this information even more clearly, we can introduce a ratio of one power divided by the other, i.e. average voting power divided by total voting power ratio and visualise this data to see what is going on in each proposal.

Here we can clearly see which proposals were voted for more by the community (individual average wallet) rather than a few big wallets (possibly of whales). The biggest spike in this graph consists of proposal 929, which is the ' Relayer fee recovery'. This proposal includes these details:

• Reimbursing relayers for the fees they have incurred so far (until March 1st 2022).
• Paying relayers for a component of their infrastructure costs to run these services by marking up the spent fees by 150%.
• A multisig has been formed to oversee the payments.

Overall, we can see that this proposal has gotten the most support from individual small wallets than big wallets. This means that a large number of individuals thought that this is a great proposal with a lot of potentials!

Validators vs normal wallets

In the second part of this Bounty, I will investigate the difference in voting power between normal wallets (of individuals) compared to validators.

Here we can clearly see who has been voting for each proposal. We can see that for the majority of the proposals, individual wallets vote more than validators. However, some proposals, such as proposal 165 have been dominated by validators (96.3M LUNA) compared to individual wallets (39.4M LUNA). It is interesting to have this data visualised, as it's nice to see who has the power in voting for different changes in the ecosystem. I'd be happier to see more power on the side of the individuals, other than in the hands of whales... In order to see this clearly, below is a graph of the average voting power.

Here we can see my worry visualised - on average, validators have the most power.

The last graph of this dashboard shows the ratio of validators vs individual wallers clearly. We can see, again, that validators hold the most power (sadly).

Conclusion

This has been a very insightful Bounty, at least in my personal opinion. It was very eye-opening to see objective data which clearly shows who holds the most power in the community. I am not happy that the power lies in whales' hands, with the exception of very few proposals. It would be nicer to see the power being distributed more equally within the community. However, overall, the analysis of the data shown within this dashboard has been very insightful and useful!