Polity Atlas
Article

Analyzing voting power in decentralized governance: Who controls DAOs?

Robin Fritsch; Marino Müller; Roger Wattenhofer · Blockchain: Research and Applications 5(3), 100208 · 2024

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Type
Article
Author
Robin Fritsch; Marino Müller; Roger Wattenhofer
Identifier
DOI 10.1016/j.bcra.2024.100208
Accessed
2026-09-01
Reliability notes
Preprint arXiv:2204.01176 (2022); data to 1 March 2022 for Compound, Uniswap and ENS.

Claims citing this source

3 claims
EstablishedFritsch, Müller and Wattenhofer found that voting power in Compound and Uniswap was extremely concentrated, whereas ENS governance more closely resembled a decentralised community.EstablishedMessias and colleagues found that in Compound and Uniswap governance up to August 2024, as few as three to five voters were enough to sway the majority of proposals.EstablishedOn 1 March 2022, eight delegates in Compound, eleven in Uniswap and eighteen in ENS together controlled more than half of delegated voting power, with Gini coefficients among delegates of 0.987, 0.995 and 0.908.