Try Quests to earn cryptoTerra - 9. Governance Grind
UPDATE OF ADMINS ON CONTRACTS
5 TOP MOST RECENT PROPOSALS
CONTRACTS
GENERAL STATS OF TERRA CONTRACTS
PROPOSALS
\
METHOD
Our dashboard affords a complete view of the VOTING tendencies and patterns in these proposals, giving a deeper appreciation of the decision-making procedure on the TERRA network. Additionally, you will have get entry to to a deep dive on the 5 most current ACTIVE proposals, which include a breakdown of vote casting exercise for every notion and a evaluation of profitable vs unsuccessful proposals. We additionally supply a facet via aspect assessment of two governance proposals, with an evaluation of the proposal's strengths and weaknesses and hints on how to enhance them. With this dashboard, you will have all the data you want to continue to be knowledgeable and have interaction in the governance method on the Terra 2 network.
- PROPOSAL ID ==3619== - Phoenix Software Upgrade 2.2.0 -
This proposal upgrades the Phoenix chain to v2.2.0 this enables vesting accounts which have incurred slashing to still send their remaining vesting tokens to the community pool. Full release notes can be found here: https://github.com/terra-money/core/releases/tag/v2.2.0
2) PROPOSAL ID ==3665==-Contro Protocol Grant Proposal-Contro is a highly innovative DEX protocol that enables scalable prediction and futures markets for the first time in the history of blockchains. Responding to increasing demand for safe, fair and accessible betting markets, it has the capacity to generate large amount of fee income, 10% of which will be used to buy LUNA to give back to the community pool in perpetuity. Contro is going to create new opportunities for a large number of inflowing users and visibility beyond the crypto world by providing the most trustworthy source of aggregated collective knowledge on a variety of topics. Only half of the grant (280,000 LUNA) will be given to the team upfront. The vesting of the second half is conditioned on the release of the MVP and controlled by a 4 of 5 multisig with 4 independent and informed members of the community. Please visit https://agora.terra.money/discussion/8460-contro-protocol-a-new-paradigm-for-trading-information for details.
3) ==3794== - PROPOSAL ID - Terra Poker is the first Texas Hold’em style Poker based Play-to-Earn protocol on the Terra Blockchain. Our mission is to leverage the game of poker to attract users to Terra Ecosystem. The underlying proposal highlighted in the forum discussion in summary is: we have demonstrated with a track record of already working and highly used products, and making progress to the next big milestone, Tournaments. The request is for 300,000 LUNA over three equal monthly installments. The purpose of the fund is to help over the unexpected prolonged bear market. TP has already shipped one of the most used products in the Terra Ecosystem. The full proposal can be read here: https://agora.terra.money/discussion/8783-terra-poker-community-grant-proposal On Jan 10, the TP team held an AMA with regards to the Proposal that will be made available shortly. A "Yes" vote on this proposal indicates a "Yes" to funding Terra Poker at the request above.
4) ==3795== -PROPOSAL ID Terra Poker Grant Proposal (Updated)-(Updated - This is the correct proposal live for voting) Terra Poker is the first Texas Hold’em style Poker based Play-to-Earn protocol on the Terra Blockchain. Our mission is to leverage the game of poker to attract users to the Terra Ecosystem for its revival. The underlying proposal highlighted in the forum discussion in summary is: we have demonstrated with a track record of already working and highly used products, and continuously making progress to the next big milestones. The purpose of the fund is to help cover costs in the unexpected prolonged bear market. As one of the most significant contributors to the Ecosystem by all metrics, we are requesting a grant of 300,000 LUNA, vested over 3 months of 100K. The allocation of fund is 40% in Operational and Infrastructure, 60% in Wages. The full details of the proposal can be read here: https://agora.terra.money/discussion/8783-terra-poker-community-grant-proposal A “Yes” vote on this proposal indicates a “Yes” to funding Terra Poker at the request above.
- 3796== - PROPOSAL ID-ERIS Protocol Revised Grant Proposa-ERIS is a liquid staking and slow burn arbitrage protocol. We will provide the Terra community with a product suite for a stable LSD economy, a fair delegation and governance framework and a Liquid Staking Derivative Liquidity Hub on Terra. Over the last six months we have built: Amplifier, Amp Extractor, Amp Compounder, Manual Arb We would like to continue building and shipping with our focus on Terra and are requesting 312,500 LUNA (@ $1.60 = $500,000) for finishing the product portfolio around our LSD. The $500,000 will be used as follows: $100,000 for audits $35,000 for marketing $15,000 for infrastructure $350,000 for salaries The funds will be payed out to a 4-out-of-5 community multi-signature wallet and be distributed milestone based. Milestone 0: With passing of the proposal Milestone 1: Launch of Amp Governance Milestone 2: Launch of Arb Repeater Milestone 3: Integration of Warp Protocol With passing of the proposal 50% of the funding will be paid out to cover audits, marketing, infrastructure and a small part of salaries. The remaining 50% will start vesting when all milestones are reached. The vesting will span over 10 months. More information can be found in the agora discussion: https://agora.terra.money/discussion/8789-revised-eris-grant-proposal .
ANALYSIS
More than 700 voters voted for proposal 349 It’s share was more than 25% 0f total voters . It was followed by 986 (22%) & 870 (20%) . Proposal 446 has 481 voters & 2616 with 470 voters respectively . Votes trend was also similar , highest votes share was 24.6 % for proposal 349 followed by proposal 986 with 23 % & proposal 870 with 20.9 % . Lower voter share was proposal 2616 % 446 each being more than 15 % share of total votes .
ANALYSIS
We can see there are changes in admins of the contracts .On 25th JULY ,ADMIN UPDATE WAS 20 & on 29th AUGUST there was admin update ,24 in number .Wallets with maximum number ofadmin updates is terra1k9j8rcyk87v5jvfla2m9wp200azegjz0eshl7n2pwv852a7ssceqsnn7pq. this wallet has 72 times admin updates.
VOTERS & VOTES BY PROPOSAL TYPES
ANALYSIS
We can see a surge in number of voters in September month with more 2k voters taking part in this month . but after that we can see a major downfall in next months. Major downfall was in November with about 600 voters only. The most popular proposal being 349 with more than 700 voters . Most voters, about 2k ,participated in only 1 proposal whereas voters with a range of 1-10 were more than 1200 in number . On weekly basis number of votes & voters were high in 2nd week of JUNE & 2nd week of OCTOBER
ANALYSIS
In JULY end , the number of contracts was 51 in number, but in JANUARY 2023 , it reached to 929 .Total contract deployed was 1452 with passing time. On weekly contract a surge in the number was seen on July 25, with 123 in number .On 1st AUGUST 2022 the active contracts were 206 in number which reached to 6070 on january 2023 . On weekly basis there were more than 120 contracts per week is seen .
The contracts with highest number of transaction share & user is astroport followed by Astroport .Third being Terra Poker Tokens.
ANALYSIS
The count of total voters was high in 1st week JUNE , 2nd week of JULY ,last week of AUGUST. In SEPTEMBER’s 3rd week OCTOBER’s 2nd week & DECEMBER’s 2nd week trend of votes were also similar . Proposal 3796 had highest votes & voters in June & in new year 2023 we can see a considerable amount . For proposal 3795 in June 2022 & then we can see rise in new year 2023. for proposal 3794 also similar trend is seen these three proposals are seen active in 2023.
ANALYSIS
On observing these graphs we can state that the data’s of last 5 proposals , we can see the number of votes casted are 1048 in number for all the proposals . Proposal 3796 has been popular among all with highest votes & voters with 31 % of votes which amount to 332 votes . Proposal 3619 stood second & was behind by just 80 votes . amounting to 252 votes . We have analysed all the dates on the basis of two periods dating 12 th of DECEMBER TO 24 TH DECEMBER & 10TH JANUARY 2023 .TILL CURRENT DATE ,WE CAN SEE MAXIMUM VOTES FOR PROPOSAL 3619 WAS CASTED ON 13TH DECEMBER 2022. In january 2023 we can see more number of votes are being casted.
The most famous proposal among all in recent times is 3796 ( ERIS Protocol Revised Grant Proposal ) . On JANUARY 15TH 2023,, this proposal received 64 votes with highest number of votes in JANUARY 2023
TEXAS POKER RECEIVED JUST 2 VOTES & 2 VOTERS ,BEING THE MINIMUM . TERRA POKER GRANT PROPOSAL UPDATED RECEIVED 3 VOTES & 3 VOTERS
IT WAS A MATTER OF CONCERN THAT THERE WAS NO VOTING IN THE HOLIDAY PERIOD FROM CHRISTMAS 2022 TO NEW YEAR 2023
ANALYSIS
On the basis of voters we can state that proposal id 3796 has maximum number of voters (15) followed by proposal id 3619 12 voters proposal id 3665 (5 voters) proposal id 3795 w (3 voters) & proposal id 3794 WITH JUST 2 VOTES .
on the basis of votes, we can see that proposal id 3796 received maximum of 16 votes followed by proposal id 3619 by 12 votes proposal id 3665 with 5 votes ,proposal id 3795 with 3 votes & proposal id 3794 has just 2 votes .
ANALYSIS
BY ANALYSING THE ABOVE CHARTS FOR RECENT PROPOSALS IT IS REVEALED THAT
PROPOSAL ID 3619 HAS 230 YES VOTERS ,3 ABSTAIN VOTERS, 1 VOTER WITH NO WITH VETO ,,& 1 VOTER WITH A CLEAR NO .
PROPOSAL ID 3665 HAS 137 YES VOTERS 38 ABSTAIN 14 NO & 4 NO WITH VETO
PROPOSAL ID 3794 HAS 14 YES VOTERS 66 NO VOTERS 15 ABSTAIN & 2 NO WITH VETO
PROPOSAL ID 3795 HAS 51 YES VOTES 97 NO VOTES 5 ABSTAIN & 4 NO WITH VETO
PROPOSAL 3796 HAS 202 YES VOTERS 74 NO 32 ABSTAIN & 4 NO WITH VETO
For voters count, with voting options in the above bar graph we can see maximum YES votes was for proposal id 3619 (247) followed by proposal id 3796 ( 218), proposal id 3665 (142 ) proposal id 3795 (57 )& proposal id 3794 has just 14 yes voters .
For NO votes , proposal id 3795 has maximum no voters -98 , followed by 76 voters ,66 voters 14 voters &1 voter for proposal id 3796, 3794, 3665, & 3619 respectively .
CUMULATIVE VOTERS WAS MAXIMUM FOR PROPOSAL ID 3796 WITH 324 COUNTS FOLLOWED BY ON JANUARY 20 2023, FOLLOWED BY PROPOSAL ID 3619 WITH 245 VOTERS ON DECEMBER 19TH . PROPOSAL ID 3665 HAS 197 VOTERS ON DECEMBER 24, LEAST WAS PROPOSAL ID 3794 WITH 97 VOTERS ON JANUARY 18 2023 . NOTE PROPOSAL ID 3795 HAD NO VOTERS
IN CUMULATIVE VOTES ,MAXIMUM VOTES FOR PROPOSAL ID 3619 WAS ON DECEMBER 19TH WITH 252 VOTES ,FOLLOWED BY PROPOSAL ID 3665 WITH 204 VOTES ON DECEMBER 24TH 2022 PROPOSAL ID 3796 HAS 332 VOTES ON JANUARY 20TH BEING THE HIGHEST . PROPOSAL ID 3795 HAS 168 VOTES ON JANUARY 17TH . PROPOSAL ID 3794 HAS 97 VOTES ONLY ON JANUARY 18TH .
ANALYSIS
SOME OF THE VOTERS CHANGED THEIR VOTES & OPTED TO VOTE MORE THAN ONCE ,WHICH IS VISIBLE FROM ABOVE CHART. WE CAN SEE 28 VOTERS HAS CHANGED THEIR VOTES IN PROPOSAL ID 3796 . PROPOSAL ID 3619 HAS 17 SUCH VOTERS WHO OPTED TO CHANGE THEIR VOTE TYPE.THERE ARE TOTAL 65 VOTERS WHO WERE NOT SATISFIED BY THEIR VOTE & OPTED TO CHANGE THEIR VOTE TYPE .
- BONUS-COMPARISON OF PROPOSALS
> # Terra Poker Grant Proposal (Updated) > > Terra Poker | Community Grant Proposal > > Terra_Poker > > published on 1/2/2023 > > 827 views > > Update Jan. 10 - This is now live for voting on: > > Terra Poker is the first Texas Hold’em style Poker based Play-to-Earn protocol on the Terra Blockchain > > Our mission is to leverage the game of poker to attract users to the Terra Ecosystem for its revival. > > The underlying proposal highlighted in the forum discussion in summary is: we have demonstrated with a track record of already working and highly used products, and continuously making progress to the next big milestones. The purpose of the fund is to help cover costs in the unexpected prolonged bear market. As one of the most significant contributors to the Ecosystem by all metrics, we are requesting a grant of 300,000 LUNA, vested over 3 months of 100K. The allocation of fund is 40% in Operational and Infrastructure, 60% in Wages. > > Therefore, Terra Poker is seeking funding support from the Terra Community Pool to further expand its credibility and influence, and to create even greater momentum to achieve mid-long term goals. In order for Terra Poker to keep developing we need to subsidize operational and infrastructure costs. This will add greater visibility to the platform as the team will focus on being laser focused attracting new users to the Terra Network. > > FULL REPORT HERE > >
ERIS Protocol Revised Grant Proposal
Revised ERIS Grant Proposal
published on 1/2/2023
622 views
We have taken some time off to recharge our batteries after our closely failed grant proposal and we are back for a second try with a revised proposal.
ERIS protocol provides Terra with a suite of products around liquid staking and creates a stable economy around yield-generating assets.
Liquid staking derivatives (LSDs) will be at the core of DeFi in the next few years, as it allows an efficient usage of capital while also providing security for the chain. A strong financial on-chain economy is needed to fuel the revival of Terra DeFi. This is where our passion lies and what we want to provide the Terra community with.
Since the Terra crash we have started building our product portfolio (Amplifier, Amp Extractor, Amp Compounder, Manual Arb) for the community. We require a funding of $ 500,000 USD benchmarked at 08:00 UST time on January 13, 2023 to provide the community with a dedicated professional DevOps team, further products for a stable LSD economy, an innovative, fair delegation and governance framework and provide the infrastructure and configuration for a Terra based LSD liquidity hub.
The funds will be payed out to a 4-out-of-5 community multi-signature wallet and be distributed milestone based. Milestone 0: With passing of the proposal Milestone 1: Launch of Amp Governance Milestone 2: Launch of Arb Repeater Milestone 3: Integration of Warp Protocol With passing of the proposal 50% of the funding will be paid out to cover audits, marketing, infrastructure and a small part of salaries. The remaining 50% will start vesting when all milestones are reached.
full report:
Biggest changes
- Removed back pay component for the work previously provided
- Introduced a 10 % revenue sharing with the community pool to pay back the grant in the mid to long term.
Our original detailed proposal can be found here, the development scope is unchanged: ____
TLDR:
FULL REPORT HERE
ANALYSIS OF COMPARISON
BOTH THE PROPOSALS HAVE REQUESTED FUNDS FROM THE POOL OF TERRA COMMUNITY.
ERIS PROTOCOL WAS ACCEPTED ON THE OTHER HAND TEXAS POKER WAS REJECTED . THERE WERE SEVERAL REASONS FOR REJECTION
FIRSTLY THE REPORTS WERE NOT TRANSPARENT & DID NOT PROVIDE A CLEAR VISION FOR FUTURE PROSPECTS LIKE FUND ALLOCATION & USE UNDER OTHER SUBHEADS
TEXAS POKER DID NOT ACCEPT CRITICISM & SUGGESTIONS OPEN -HEARTEDLY . ALL THESE POINTS WERE AVAILABLE IN ERIS PROTOCOL . ANOTHER MAJOR DIFFERENCE WAS THAT THE AMOUNT OF FUND REQUESTED WAS $500,000 USD WHILE THE OTHER REQUESTED FOR 300,000 LUNA THAT TOO IN MONTHLY INSTALMENT OF 100,000 LUNA PER MONTH . TERRA POKER PROVIDED DEEP ANALYSIS & BREAKDOWN OF THE EXOENSE WHICH MIGHT HAVE RESULTED IN ITS FAILURE .LIKE 40% FOR OPERATIONAL INFRASTRUCTURE COST & 60 % FOR WAGES & MAINTAINENCE . WHICH IS MISSING IN ERIS PROTOCOL PROPOSAL . TERRA POKER PRESENTED A CLEAR VISION FOR ATTRACTING NEW USERS & A CLEAR MARKET STRATEGY FOR THE UPLIFTMENT OF THE ECOSYSTEM . IT ALSO PROVIDED DETAILED INFORMATION ABOUT THE TEAM MEMBERS & THE EXPERIENCES THE PROPOSAL INCLUDED AN IMPLEMENTATION OF BURN MECHANISM FOR GRANT FUNDING. BOTH THE ERIS PROTOCOL REVISED GRANT PROPOSAL & TEXAS POKER ARE EXAMPLE OF FUNDING REQUEST BOTH WERE REVISED IN WHICH ONE WAS ACCEPTED AND THE OTHER WAS REJECTED
CONCLUSION
THE DATA’S PROVIDED IN THE ABOVE DASHBOARD IS ABOUT TERRA & ITS GOVERNANCE & ABOUT TOP MOST 5 RECENT PROPOSALS .
PROPOSAL 3796 IS THE MOST OPULAR AMONG ALL 5 RECENT PROPOSALS IN TERMS OF VOTES & VOTERS . WHEN WE OBSERVE THE METRICS WE CAN STATE LARGE NUMBER OF VOTERS DO NOT CAST ANY VOITES & SOME CASTE MORE THAN ONCE . MOST NOTICEABLE TREND IS THERE IS NO VOTING DURING THE HOLIDAY PERIOD . LESS ENGEGEMENT OF THE VOTERS SHOWS THAT USERS ARE NOT TAKING ACTIVE PARTICIPATION IN THE GROWTH PATTERN OF TERRA ECOSYSTEM .
SO THE COUNT OF ACTIVE USERS ARE VERY LESS BECAUSE THE VOTERS BECOME INACTIVE AFTER SOME TIME & HENCE NEW VOTERS & INACTIVE VOTERS SOUNDS SIMILAR . THE DEGREE OF CHANGE IS VERY HIGH AMONG VOTERS COUNT . SUCCESS & FAILURE RATE OF PROPOSALS NOT ONLY DEPENDS ON THE PROPOSAL ITSELF BUY ALSO ON THE VISION & TRANSPARENCY REPORT OF THE PROPOSAL. A GOOD PROPOSAL SHOULD BE OPEN FOR ALL SUGGESTIONS , CLEAR & CONCISE SUCH PROPOSALS ARE READILY ACCEPTED & GETS SUPPORT BY THE COMMUNITY IN TERMS OF FUNDS & ACCEPTANCE, THEY GETS VOTES & COMMUNITY ENGAGEMENT WHICH IS A VITAL POINT FOR A SUCCESSFUL GOVERNANCE .
Proposal ID 3796 has most number of votes and voters in last 5 proposals.
Number of votes and voters increased in 2023.
Yes ,No ,Abstain & No With Veto are vote options in order of their vote counts among 5 proposals.
Proposal ID 3619 has most number of votes and voters on a single day for a propoal.
Proposal ID 3796 has most voters who ahs changed their minds about vote option and 3794 has least voters who has changed their minds about vote option.
The most active day was JANUARY 15th with 112 voters, from these proposals & was most active day for voters. On January 15th 2023 ,most votes were casted and was the most active day for cootes count
Average is 59 days for all the wallets to take part in governance after their first transaction, which is really long.
The holiday period was the period in which no activity is seen in governance with no votes & voters .
LAST BUT NOT THE LEAST AMONG THE COMPARISON OF TWO PROTOCOLS TEXAS POKER & ERIS PROTOCOL , ERIS PROTOCOL IS IN A LEADING POSITION WITH IT GAINING ACCEPTANCE IN FUND RAISING FROM THE TERRA COMMUNITY POOL .
QUESTION
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?
\n
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?
