Blockchain Voter Apathy

Roy Learner
Mar 29 · 13 min read
h/t to Meltem Demirors

Decentralized Voter Turnout

*Including voter abstains, Cosmos, Tezos and Decred voter turnout increase to 42%, 72% and 86% respectively. Big shout out to Foreground Capital for consolidating much of this data.
On-Chain Voter Turnout represented as a % of participating wallet addresses. Note: data is incomplete as participating wallet addresses were difficult to identify.

Stepping back, the question naturally arises: why is there such a large delta within on-chain voting?

Incentives

“Show me the incentive and I will show you the outcome.”

— Charlie Munger

Voting Infrastructure

Governance Voting Dashboard via vote.makerdao.com
Snapshot of Coinbase Custody’s Maker Governance interface
Placeholder’s “The Cryptoeconomic Circle

Stakeholder Diversity

Opportunity Costs


Novel on-chain governance designs

Polkadot

Polkadot Council Overview
Polkadot’s Adaptive Quorum Biasing
Polkadot’s Weighted Voting Examples

DFINITY

DFINITY’s “Blockchain Nervous System”
Neuron follow relationships

Moving Forward


Wave Financial

Wave Financial offers early-stage investment, asset management, and treasury management to further the growth of the digital asset ecosystem

Roy Learner

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Wave Financial

Wave Financial offers early-stage investment, asset management, and treasury management to further the growth of the digital asset ecosystem