[FINAL] OP Governance Analytics Dashboard

ARCHIVED Mission Proposals
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S4 Intent: Intent 4: Governance Accessibility

Proposed Mission: Our mission is to advance Governance Accessibility by developing a DAO Governance Analytics Dashboard for the Optimism Collective. The Dashboard will focus on key governance metrics including participation, voter behavior, and power structures, thereby democratizing information and encouraging informed participation in governance processes. We aim to create a user-friendly tool that simplifies understanding of complex governance dynamics, fosters inclusive decision-making, and strengthens overall governance effectiveness.

Proposal Tier: Ember

Please verify that you meet the qualifications for submitting at the above Tier: I am a community member that has not worked with or for the Optimism Collective before

Baseline grant amount: 24,500 OP

% of total available Intent Budget: 0.8167 %

Please check here if access to upfront capital is a barrier to completing your Mission and you would like to be considered for a small upfront cash grant: No.

Alliance: Governance Analytics Dashboard

Alliance Lead: Varit Ruangsiri

Contact info:

L2 recipient address: 0x17296956b4e07ff8931e4ff4ea06709fab70b879

Please list the members of your Alliance and link to any previous work:

Please explain how this Mission will help accomplish the above Intent:

  • The DAO Governance Analytics Dashboard is aimed at enhancing governance accessibility by establishing a comprehensive and transparent data repository that concentrates on governance-related metrics. This effort democratizes information, making it readily available to all stakeholders, thereby fostering collective participation. It ensures that governance participation, voting trends, and power dynamics are more easily understood and observable by all members of the DAO.
  • By equipping members with knowledge and insights, the dashboard fosters a culture of informed decision-making, thereby nurturing a more inclusive, accountable, and effective governance process.
  • Below are some of the key metrics that the dashboard will feature. This list is not exhaustive, and we intend to refine and expand it based on feedback from the community:
Metrics

1. Holder Metrics

  • Total number of holder wallets.
  • Total token supply.
  • Votable supply (tokens in circulation that are eligible to vote).
  • Number of tokens with a holding period. (eg. more than 6 months, 1 year without selling)

2. Concentration of Voting Power Metrics

  • Minority vs Nonminority Representation:
    • Voting power delegated by minority holders.
    • Number of delegated tokens held by minority holders.
    • Percentage of minority holder wallets that have delegated.
  • Nonminority Holders Metrics:
    • Voting power delegated by nonminority holders.
    • Number of delegated tokens held by nonminority holders.
    • Percentage of nonminority holder wallets that have delegated.
  • Voter Dominance:
    • Nakamoto coefficient
    • Share of total voting power per delegate.
  • Voting Power Distribution: Share of total voting power held within the top 5, top 10, top 25, top 50, top 75, and top 100 delegates.
  • Delegates Categorized by source of voting power:
    • Single-Holder Delegate via Other Address & Self-Delegation: received >=50% of its voting power via self-delegation or one other address’s delegation
    • Community Delegate: received less than 50% of its voting power from each individual delegation it has received.
  • Share of total voting power per category of delegate

3. Proposal Metrics

  • Total number of proposals
  • Unique Proposers: Ratio of unique proposers to total proposals.
  • Proposal Outcome: Number of passed vs failed proposals.
  • Proposal Type: Distribution of proposals by type.
  • Voting Results of the Proposal: Classification of results as contentious, generally accepted, or normal.

4. Participation Metrics

  • Voter Turnout: Tracking individual participation activeness, refers to their recent proposals participation
  • Active Participation: average of all proposals’ participation rates for a given month.
  • Voter Behavior: Tendency of voters to vote in a certain direction, Voting behavior by voting time, Tendency to vote early or wait until the end.
  • Participation per Proposal: Number of voters and voting power cast per proposal.
  • Minority Holders’ Participation: Percentage of minority holder tokens participating in governance, breakdowns of minority holders by participation e.g.:
    • Delegated Non-Voter
    • Delegated Voter
    • Undelegated
  • Non-Minority Holders’ Participation: Percentage of minority holder tokens participating in governance, breakdowns of minority holders by participation e.g.:
    • Delegated Non-Voter
    • Delegated Voter
    • Undelegated

What makes your Alliance well-suited to execute this Mission?

Our Alliance’s combined experiences make us well prepared to execute on this Mission
  • Varit as an Optimism delegate, he also leads Curia, a professional delegate team and has hands-on experience with a variety of DAOs, including notable projects such as SafeDAO and Arbitrum. His comprehensive understanding of DAO governance dynamics and his demonstrated commitment to supporting the DAO ecosystem make him a key asset to our Alliance.
  • Kamonwat brings a wealth of experience in full-stack development, including the web scraping workflows, and the design, development, and maintenance of data pipelines that analyze data from both on-chain and off-chain sources. His expertise spans implementing data pipeline orchestration tools, like Apache Airflow, for effective workflow management and task scheduling, making him instrumental in the development and execution of the proposed DAO Governance analytics dashboard.
  • Phatrasek brings a extensive experience from his blockchain engineering and cryptographic background. As a co-founder of Tetration Lab and Speedboat Studio, he has demonstrated his ability to simplify complex blockchain processes, a skill that will be invaluable in developing the Governance Dashboard. His expertise in various blockchain spaces coupled with his deep understanding of Data systems, positions him well to contribute to the technical aspects of the dashboard.
  • Pakorn is a skilled front-end developer with a strong background in blockchain development. His experience in developing various blockchain protocols and end-to-end blockchain solutions will be instrumental in building a user-friendly and efficient Governance Dashboard.
  • Kamin has strong background in UX/UI design, as showcased in his extensive portfolio. His experience spans a range of projects, demonstrating his ability to create intuitive and engaging user interfaces. Kamin’s expertise in designing user-centric solutions will be invaluable in ensuring the DAO Governance analytics dashboard is easy to use and meets the needs of its users.
  • Unnawut’s extensive experience in blockchain and financial software development, along with his expertise in requirement analysis, technical architecting, and product development in the context of both startups and large enterprises, make him well-suited to execute the mission of a product analyst, especially in a blockchain-related project. His proven track record in driving and supporting the creation of new businesses in the field of emerging technologies and his success in leading high-impact projects in various companies demonstrate his ability to translate complex technological concepts into actionable product strategies and solutions
  • Natthaphum brings a unique perspective with his background in finance and experience in growth and venture building. His strong product management skills will be instrumental in guiding the product development and strategy of the DAO Governance analytics dashboard, ensuring that it meets the needs of its users and provides valuable, actionable insights.
  • Soravis has a diverse background that spans business analysis, data science, and DeFi. His role will be crucial in ensuring the accuracy, relevance, and insightfulness of the dashboard’s data, leveraging his experience in web3 & DeFi ecosystem.

Please list a critical milestone. The critical milestone should be a measure of whether you’ve made best efforts to execute what is outlined in this proposal or not. If you fail to achieve your critical milestone, your grant may be clawed back.

  • Milestone 1: Release of initial design mockups & metrics
  • Milestone 2: Mid-development preview release of the dashboard featuring basic, holder, and concentration of voting power metrics
  • Milestone 3: Integration of Additional Metrics
  • Milestone 4: Refine of the Dashboard based on community feedbacks
  • Milestone 5: Public report on user engagement and feedback of the dashboard

How should Token House delegates measure progress towards this Mission: These should focus on progress towards completion. Including expected completion dates for each is recommended.

  • Benchmark Milestone 1 : Mockup designs - July 10th, 2023

    • Detailed requirements for the DAO Governance analytics dashboard.
    • Development of an initial design concept.
    • Creation of mockup designs for the dashboard, including user interface and experience elements.

  • Benchmark Milestone 2 : Deployment on front end with basic, holder, and concentration of voting power metrics - August 4th, 2023

    • Development of the MVP based on the mockup designs.
    • Integration of basic metrics:
      • Total number of holder wallets, Total token supply, Votable supply, and Total number of proposals.
    • Integration of concentration of voting power metrics
      • Minority vs Nonminority Representation, Voter Dominance
    • Integration of Proposal & Participation Metrics:
      • Proposal Outcome
      • Voter Turnout, Active Participation
    • Initial user interview of the dashboard.
    • Release of the dashboard for community feedback.

  • Benchmark Milestone 3: Integration of additional metrics - Sept 1st, 2023

    • Integration of more complex Holder metrics
      • Number of tokens with a holding period of more than X amount of time.
    • Integration of remaining concentration of voting power metrics
      • Delegates Categorized by source of voting power.
      • Voting Power Distribution
    • Integration of additional Participation Metrics:
      • Voter Behavior, and Participation per Proposal.
    • Integration of remaining Proposal Metrics:
      • Unique Proposers, Proposal Categories.
    • Implementation of changes and enhancements to the dashboard.

  • Benchmark Milestone 4: Refinement of the Dashboard based on community feedbacks - Sept 15th, 2023

    • Collection and analysis of community feedback on the initial release of the dashboard.
    • Identification of areas for improvement or modification based on feedback.
    • Implementation of changes and enhancements to the dashboard.
    • Additional testing to ensure functionality and usability improvements.
    • Release of the refined dashboard for further community use and feedback.

  • Benchmark Milestone 5: Report - September 20th, 2023

    • Analysis of the dashboard’s use, functionality, user engagement and feedback of the dashboard.
    • Publish the report to the Optimism Foundation and community.

How should badgeholders measure impact upon completion of this Mission? These should be focused on performance and may be used by badgeholders to assess your Misson’s impact in the next round of RetroPGF.

Number of Monthly Visitors

  • This metric measures the total number of unique individuals who visit the DAO Governance analytics dashboard which would provide insights into the reach and visibility of the dashboard within the community. More visitors to the dashboard could imply a higher level of engagement and interest in DAO governance among community members.

Number of Link Clicks Toward the Voting Portal

  • This tracks the number of times visitors to the DAO Governance analytics dashboard click on the provided link to the voting portal at https://vote.optimism.io.
  • It gives an indication of the dashboard’s effectiveness in directing community members to actively participate in DAO governance. A higher number of link clicks suggests that the dashboard is successfully facilitating more active participation in governance.

Number of Recognized Delegates Mentions & References from Other Publications

  • This measures the frequency with which recognized delegates refer to or mention the DAO Governance analytics dashboard in their communications or publications. It should also includes references to the dashboard made in external publications. This can provide insights into the perceived value within the DAO governance ecosystem. A higher frequency of mentions and references indicates that the dashboard is being recognized as a valuable tool for DAO governance.

Number of Feedbacks from Users

  • This keeps track of the number of feedback submissions received from dashboard users. Feedback can include suggestions, complaints, compliments, and other types of user comments. This KPI can help identify areas of improvement for the dashboard and gauge user satisfaction. A higher number of feedback submissions suggests that users are actively engaging with the dashboard and invested in its continuous improvement.

Breakdown of Mission budget request:

Our budget request for the mission has been structured based on the NumberNerd Program as follows:

Taking into account the estimated effort required for each metric, we present our metric list:

Metrics level Breakdown 
 1. Holder Metrics
    • Total number of holder wallets. (easy) = 420 OP
    • Total token supply. (easy) = 420 OP
    • Votable supply (tokens in circulation that are eligible to vote). (easy) = 420 OP
    • Number of tokens with a holding period of more than 6 months, 1 year without selling. (hard) = 2420 OP

    2. Concentration of Voting Power Metrics

    • Voting power delegated by minority holders. (easy) = 420 OP
    • Number of tokens held by minority holders. (easy) = 420 OP
    • Percentage of minority holder wallets that have delegated. (easy) = 420 OP
    • Voting power delegated by nonminority holders. (easy) = 420 OP
    • Number of tokens held by nonminority holders. (easy) = 420 OP
    • Percentage of nonminority holder wallets that have delegated. (easy) = 420 OP
    • Nakamoto coefficient (medium) = 1420 OP
    • Share of total voting power per delegate (medium) = 1420 OP
    • Delegates Categorized by source of voting power (hard) = 2420 OP
    • Share of total voting power per category of delegate (easy) = 420 OP

    3. Proposal Metrics

    • Total number of proposals (easy) = 420 OP
    • Ratio of unique proposers to total proposals. (medium) = 1420 OP
    • Number of passed vs failed proposals. (easy) = 420 OP
    • Distribution of proposals by type. (medium) = 1420 OP
    • Classification of results as contentious, generally accepted, or normal. (easy) = 420 OP

    4. Participation Metrics

    • Voter Turnout: Tracking individual participation activeness, refers to their recent proposals participation (easy) = 420 OP
    • Active Participation: average of all proposals’ participation rates for a given month. (medium) = 1420 OP
    • Tendency of voters to vote in a certain direction (medium) = 1420 OP
    • Voting power distribution by timezone (medium) = 1420 OP
    • Tendency to vote early or wait until the end. (medium) = 1420 OP
    • Participation per Proposal: Number of voters and voting power cast per proposal. (easy) = 420 OP
    • Minority Holders’ Participation: Percentage of minority holder tokens participating in governance, breakdowns of minority holders by governance participation. (medium) = 1420 OP
    • Non-Minority Holders’ Participation: Percentage of minority holder tokens participating in governance, breakdowns of non-minority holders by governance participation. (medium) = 1420 OP

To summarize, the total budget request is as follows:

  • Easy: 420 OP * 13 = 5460 OP
  • Medium: 1420 OP * 10 = 14200 OP
  • Hard: 2420 OP * 2 = 4840 OP

Adding these together gives a total of 24500 OP.

Please note that with these OP token grants budget are not for paying the cost but rather to increase our stake to participate in the governance of Optimism collective

I confirm that my grant will be subject to clawback for failure to execute on critical milestones: [Yes]

I confirm that I have read and understand the grant policies: [Yes]

I understand that I will be required to provide additional KYC information to the Optimism Foundation to receive this grant: [Yes]

I understand that I will be expected to following the public grant reporting requirements outlined here: [Yes}

6 Likes
2

This would be a great addition, one stop shop for everything related to our Optimism gov.

2 Likes
3

Hi V3Naru, responding here since you tagged me on discord. How is this different than Boardroom and the information you can obtain through Dune Anslytics?

1 Like
4

Hi @katie , we really appreciate your time and question. The Optimism Governance Analytics Dashboard we are developing is designed to provide a deeper understanding of governance activities within Optimism. Our aim is to fill the gaps currently present in data offered by platforms like Boardroom.io and Dune dashboard from the OP foundation. While they do provide valuable aggregated data and analysis, these platforms doesn’t go into the level of detail our dashboard is intended to offer.

We’ve identified several key areas that could benefit from more detailed metrics for enhanced understanding and transparency:

Concentration of Voting Power Metrics: Our dashboard is designed to shed light on the distribution of voting power across both minority and non-minority holders, their engagement in delegation, and the source of delegates’ voting power. For example, we provide insights on the number of delegates that are ‘Community Delegate’ or a ‘Single-Holder Delegate’ (received >=50% of its voting power via self-delegation or one other address’s delegation). This allows us to identify potential centralization of power and deepen our understanding of each delegate’s influence.

Proposal Metrics: We aim to provide a detailed view of proposal activities, including the ratio of unique proposers to total proposals and the distribution of proposals by type. Additionally, we classify proposal results as contentious, generally accepted, or normal. This information helps stakeholders understand the dynamics of proposal creation and voting outcomes.

Participation Metrics: One of our primary areas of focus is to deliver granular metrics on the participation of both minority and non-minority holders. By providing a comprehensive analysis of their engagement, our goal is to identify and bring attention to underrepresented groups within the governance structure. This data is essential not only for understanding the current state of stakeholder representation in Optimism’s governance process, but also for shaping future strategies towards fostering a more balanced and inclusive participation.

In essence, our dashboard is more than just a tool for observing aggregated data. It’s an analytical instrument designed to provide a comprehensive view of the entire governance process within Optimism. Our goal is to shine a light on underrepresented holders or delegates and provide a complete picture of the power structures and participation behaviors within the ecosystem.

It’s worth noting that we are committed to iterative development and plan to refine our dashboard based on community feedback to ensure it remains a valuable and relevant tool for all stakeholders.

I hope this clarifies the intent and purpose of our project. I’m happy to provide any additional details if required.

5

This would be a nice edition to the existing governance analytics tracking we have. I’m very excited about the participation metrics specifically, as currently there’s not enough insights into how delegates have been participating and voting dynamics.

It’d also be a nice addition that you can easily look up for delegates and the proposals they’ve participated, as well as looking up a proposal and see who are the delegates that have voted with the number of OP and the results.

I work at OP Labs, but thoughts are my own

2 Likes
6

Participation metrics are always welcome, and hopefully leads to better delegation choices by stakeholders. Hope these will be integrated into the vote.optimism.io UI, instead of fragmenting the governance analytics space.

I am an Optimism delegate with sufficient voting power, and I believe this proposal is ready to move to a vote.

3 Likes
7

Great, thank you for clarifying and looking forward to seeing the end result!

I am an Optimism delegate with sufficient voting power and I believe this proposal is ready to move to a vote.

2 Likes
8

Hi @v3naru_Curia! Wanted to make sure you were aware of the Optimism Season 4 Pitching Sessions to help find the 4 delegate approvals you’ll need by this Wednesday at 19:00 GMT for your proposal to move to a vote.

These sessions are happening in Discord on Monday, 26.06 2pm ET / 6pm GMT / 8pm CET and Tuesday, 27.06 11am ET / 3pm GMT / 5pm CET.

You can sign-up here!

1 Like
9

I am one of the Synthetix Ambassadors, and a Optimism Badgeholder. I am an Optimism delegate [Delegate Commitments - #65 by mastermojo ] with sufficient voting power, and I believe this proposal is ready to move to a vote.

2 Likes
10

More analytics would not be bad and the ask is not extreme.

I am an Optimism delegate with sufficient voting power and I believe this proposal is ready to move to a vote.

2 Likes
11

This is unnecessary probably but will do it anyway :smiley:

I am an Optimism delegate with sufficient voting power , and I believe this proposal is ready to move to a vote.

2 Likes
12

I am an Optimism delegate (on behalf of Gelato) with sufficient voting power and I believe this proposal is ready to move to a vote.

1 Like
13

I represent KyberSwap, an Optimism Protocol Delegate for Season 4 with sufficient voting power, and we believe this proposal is ready to move to a vote.

1 Like
14

Was just talking to @liam about something like this at ETHwaterloo! Great idea, and making a OP custom dashboard (specifically on governance) is totally worthwhile.

I am an Optimism delegate with sufficient voting power, and I believe this proposal is ready to move to a vote

1 Like
15

Simplifying complex management styles, creating a user-friendly environment is one of the things a delegate would want, and I think these conveniences will increase efficiency.

2 Likes
16

I will be voting for this proposal as ask is not super high and would like to have more analytics for governance in optimism

1 Like
17

I’m voting yes on the proposal. The amount requested is reasonable and I think more governance analytics would be useful for the community.

1 Like
18

Milestone 1 Update:

Hello Optimism Collective,

We are excited to share our progress on the OP Governance Analytics Dashboard. As outlined in our proposal, our first milestone was to create a mockup for the dashboard. We are pleased to release our initial mockup — Our team has worked diligently to develop a design concept that is user-friendly, visually appealing, functional, and informative. The current mockup includes basic metrics that we believe will simplify the understanding of complex governance dynamics and foster inclusive decision-making.

Mockup

Mockup 1
Mockup 11440×1749 282 KB

Mockup 2
Mockup 21440×2262 469 KB

Mockup 3
Mockup 31440×1135 103 KB

Mockup 4
Mockup 41440×1191 103 KB

Here are some highlights of the mockup:

  1. Holder Metrics: This section provides a snapshot of key governance metrics including total number of holder wallets, total token supply, votable supply, and share of votable supply.
  2. Voting Power Metrics: This section offers insights into the concentration of voting power, including metrics on minority vs nonminority representation, and voter dominance (number of delegates required to reach the quorum & half of the voting power).
  3. Proposal Metrics: This section presents data on the proposals from both snapshot & on-chain on agora, total number of proposals, proposal outcomes, and proposal types.
  4. Participation Metrics: This section displays data on each delegate’s voter turnout.

Please note that the current mockup includes only basic metrics within Milestone 2. The implementation of other complex metrics might vary between Milestone 2 and 3 as we adjust our development plan based on the team’s progress and feedback from the community.

We welcome any feedback or suggestions you may have on the mockup. Your input is invaluable as we continue to refine and develop the dashboard. We are committed to creating a tool that meets the needs of the Optimism Collective and strengthens overall governance effectiveness.

Thank you for your continued support and we look forward to sharing more updates soon.

19

You all don’t need it, but I’m leaning to approve this proposal. I think that you can’t change things that you don’t measure, and it would be useful to be able to point at metrics that put our governance decentralization/distribution (or lack thereof) on display. The request is also reasonable.

Separate note, all metrics require context. Would love to see someone step up (perhaps even we at Blockchain@USC could play a role here) to provide this context and try to put meaning behind the numbers.

1 Like
20

As an active delegation team, we strive for everyone involved in governance to achieve the highest productivity. Considering the modest cost alongside other dashboard proposals, we support the improvement of accessibility for token holders. We believe that informing stakeholders about the milestones, participation, voter behavior, and determination of voting power will assist token holders in making informed voting decisions. We endorse the motion presented by ITU Blockchain and eagerly look forward to benefiting from the dashboard you will provide.

2 Likes