Analysis

he current distribution of voting power among wallets in the Hadeswap DAO provides important insights into the concentration of power within the system. With only 92 wallets that have tokens locked in governance and have voting power, despite a much larger number of wallets holding the token, it is clear that only a small portion of token holders are actively participating in governance. The average voter holds 3.9 k votes and the median voter holds only 33.3 votes, highlighting a disparity between the average and median voter, with a few high-power voters having a significant influence on the outcome of proposals. The top voter in terms of voting power holds nearly 50% of the total voting power, and the top eight voters hold approximately 85% of the total voting power. This concentration of voting power among a small number of wallets raises concerns about the decentralization and distribution of power within the DAO. It is possible that a small group of members could have a disproportionate impact on the outcome of proposals, potentially leading to a situation where the will of the majority is not reflected in the results. These findings are particularly relevant in the context of the questions posed in the introduction of this dashboard. The concentration of voting power among a small number of wallets calls into question the level of active voting participation and representation of the wider community in the decision-making process. It also raises questions about the potential for "bribe wars" and the influence of a loud minority on the outcome of proposals. The fact that only a small portion of token holders are participating in governance further highlights the need to monitor the distribution of voting power and ensure that a wider group of members are represented in the decision-making process.

Hadeswap Governace