flipside

    Try Quests to earn cryptoTry Quests to earn crypto
    Share

    Terra - 9. Governance Grind

    As Terra 2.0 has expanded, we’ve seen a number of governance proposals come to light. Analyze the voting activity on the most recent 5 proposals. Can you identify any trends or patterns in voting? Bonus: Dig up and compare the text of 2 governance proposals. What do you think of these proposals? What would have made them stronger or likelier to gather more votes? Do you have any improvements to recommend?

    In this dashboard, we have examined the proposals presented in the Terra network from different perspectives.

    In general, we check the following items in this dashboard

    • A statistical review is done on all the proposals that have been voted.
    • We conduct a statistical review of all the proposals that have been voted.
    • We do a more in-depth review of the last 5 proposals that have been voted on.
    • Examining two proposals from the perspective of the text provided for them.
    • Investigating the behavior of voters based on the amount of Luna they have stacked.

    Note: there are nine Tab For This Dashboard if you can't see all of them please zoom out more

    In the data of the flipside table for confirmed proposals, four types of proposals have been identified, for which we have shown the definitions provided by the Terra document.

    PROPOSAL TYPE

    1. Text

      Text Proposals are used to create general-purpose petitions, such as asking core developers or community members to implement a specific feature. The community can reference a passed Text Proposal to the core developers or community members to indicate that a feature that potentially requires a soft or hard fork is in significant demand.

    2. Community Pool Spend

    3. Parameter Change

      Parameter Change Proposals are a special type of proposal which, once passed, will automatically go into effect by directly altering the network's specified parameter.

    4. Software Upgrade

      This type of proposal requires validators to update their node software to a new version at a specified block height.

    The things that are mentioned in the document need to be taken into account to carry out investigations. are given below

    • The minimum deposit amount for a proposal to enter a voting period. Currently 512 Luna.

    • The maximum period of time for a proposal to meet the minimum deposit. Currently 1 week.

    • The minimum number of votes needed for a proposal to be valid. As of Terra governance prop 3547, 30% of all staked Luna must vote to reach Quorum.

    • The minimum number of Yes votes needed for a proposal to pass. Currently, 50% of all votes must be** Yes. Abstain votes are excluded from this tally.

    • The minimum value of NoWithVeto votes needed for a proposal to be vetoed. If 33.4% or more of the total votes cast are** NoWithVeto, the proposal fails, and the creator's deposit is not returned.

    • The length of the voting period. Currently one week.