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    Lil Nouns are a generative NFT project forked from Nouns that are generated every 15 mins. The Lil Nouns DAO is the governance body of the ecosystem.

    Holders of Lil Nouns are able to direct the treasury via voting with 1 Lil Nun = 1 vote. Lil Nouns can create and vote on governance proposals, which execute transactions on the ethereum blockchain when they are approved.

    Since voting is on-chain and costs gas, we want to look at the state of voting activity within Lil Nouns and if small holders are marginalized.

    In our first chart below, let's look at the voting activity per proposal.

    Generally, we can see that recent proposals are gaining more activity in relation to previous ones. Proposal 15 has the most activity and has to do with a vote for the Residency of one of the DAO's contributors.

    Due to the high cost of gas on Ethereum, are smallholders deterred from voting? In the donut chart below, take a look at the distribution of voters by the number of votes.

    We can see that by grouping voters into various profiles based on the number of voting power held, users with 1 vote make up 44.5% of the population. This is evident that smallholders are quite active in Lil Nouns DAO governance.