Let's conclude this dashboard by listing our key takeaways from it:

• We classified users on Terra into a couple of different classification sets.
• We drilled down into the governance participation patterns for the big fish and small fry on terra over the last month.
• We saw that bigger fish tend. tobe more involved in Terra governance due to incentive alignment.

To me, the really interesting thing to note about proposal 98 is that the big fish users tend to take part in governance voting even via the abstain vote whereas this rarely happens with the small fry. We don't necessarily care too much about the exact votes made by users to difference proposals so the best thing we got out of it was the participation of big fish through abstain votes (which shows they didn't completely ignore the vote).

Next, let's look at the voting patterns of different accounts on the proposals above:

From the above data, a few clear trends stand out: the big fish tend to be more active voting in terms of the number of accounts that vote and also the total stake that votes on the proposals. This is likely because the big fish have a larger incentive alignment to the long-term health of the network and are thus, more likely to vote their opinions on proposals to help keep the project safe.

We'll skip the calculations for 108 since it's really in the voting process to derive any real value out of it.

Calculations for Prop 106:

• Big Fish % of Accounts Voted: 1%

• Big Fish Stake Vote %: 2.3%

• Small Fry % of Accounts Voted: 0.01%

• Small Fry Stake Vote %: 0.7%

Repeating the same calculation for Prop 100:

• Big Fish % of Accounts Voted: 3%

• Big Fish Stake Vote %: 7%

• Small Fry % of Accounts Voted: 0.04%

• Small Fry Stake Vote %: 1.1%

Assuming Big Fish voting power to be 384 million and Small Fryvoting to be 4 million along with 5.4k Big Fish accounts and 1.52 million Small Fry accounts. It looks like 89/5.4k or 1.6% of the big fish voted on the proposal and only 0.022% of Small Fry voted. Moreover, 20% of the big fish's stake voted and only 0.65% of the small fish voted. I think these numbers line up with what someone would expect.

There have been 11 proposals in the last month. For the ones that were voted on let's see the amount of votes received from each category:

So the data is very similar to what we saw above with the more granular categorisation. The trend of the big fish accounts seems to be that some of them stopped staking some of their LUNA (as seen from the drop off in the numbers for these accounts) but these numbers start to pickup strength as LUNA itself has shown strength over the last couple of weeks.

Okay, now that we have a sense of voting power let's look at these two categories' participation in governance voting (to exercise that power). To do that let's see what proposals have been put forward in the last 30 days:

It doesn't look to me like anything meaningfully changed about the distribution of voting power across accounts over the last month. The biggest thing I see happening is that over the last month larger accounts have either accumulated more LUNA and staked it (since we see the appearance of more accounts with 1,000,000-100,000,000 staked LUNA) or they simply didn't have all their LUNA staked and then started staking it more recently.

Next to simplify things we accumulate some of our groups into two: Small Fry -> Accounts with less than 10,000 LUNA staked, Big Fish -> Accounts with more than 10,000 LUNA staked.

For completeness, I'll present the previous graphs above with the new classification:

Let's start off our analysis by dividing all of the accounts on Terra into different bins based on how much LUNA each has staked (aka how much voting power each of these accounts has). Our classifications of accounts are:

0-100 -> <100 -> Phytoplanktons

100-1,000 -> < 1,000 -> Shrimp

1,000-10,000 -> < 10,000 -> Goldfish

10,000-100,000 -> < 100,000 -> Crab

100,000-1,000,000 -> < 1,000,000 -> Swordfish

1,000,000-10,000,000 -> < 10,000,000 -> Shark

10,000,000-100,000,000 -> < 100,000,000 -> Whale

100,000,000+ -> > 100,000,000 -> Blue Whales

(NB: There seem to be some discrepancy with the data since a number of accounts that vote on proposals seem to have 0 voting power but we'll use the current data assuming it to be correct).

The vast majority of accounts on Terra currently (as of two days ago) have less than 100 LUNA staked (~1.509 million out of 1.515 million). Now let's do this for all accounts over the last 30 days: