Exploring Sushiswap's Governance Participation
Introducing Toshokan, a community-first blog for Sushi

Introducing Toshokan, a community-first blog for Sushi

Today we're excited to introduce Toshokan (図書館 Japanese word for library), our new blog that will help keep our community informed about the latest happenings at Sushi.

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Exploring Sushiswap's Governance Participation

This article provides an overview of voting participation in the governance of Sushi DAO.
Exploring Sushiswap's Governance Participation

Sushiswap's governance process was established when the protocol itself was launched. The first vote was held on 30th August 2020 and 269 proposals were put on the Snapshot to date. 10761 unique addresses participated in this voting generating 40435 votes.

https://www.notion.so/567114d68d264fc694bec913b7ffaa50?v=e2ef1cb63c9d47a9b988cbd7e966480c

Of those 10761 addresses, 4433(or 41%) have voted just once. 9618(or almost 90%) have voted less than 10 times.

https://www.notion.so/addresses-votes-8c9940e2610b4ae6aeffac843e3e34bb

Starting off with the premise of full decentralization, anyone was able to submit proposals for voting (197 of the proposals, close to 73% - were created within the first 3 months since the Governance went live). Unfortunately, people still do not realize that with decentralization come obligations, and being a DAO member requires a serious approach. So of the 269 proposals, almost 70 are complete jokes or tests, like these ones:

https://snapshot.org/#/sushigov.eth/proposal/QmXr8XYU9hTB7znvfcAhMvZiceYQcRPEjXZFXx8HbUAXpw

https://snapshot.org/#/sushigov.eth/proposal/QmNVpSsNyR5MbMXFg3wNW3cxK8KUSSUYroUxxBF5HKtQsj

https://snapshot.org/#/sushigov.eth/proposal/QmZ7s6137TcW7rBXePy29sKzX7hX4CtBnnQj1tGUDdFGMV

https://snapshot.org/#/sushigov.eth/proposal/QmREmG7pozfySg8YEctH35dKGaHPUKsVuSZmW5UAakAh76

https://snapshot.org/#/sushigov.eth/proposal/QmUFwdaNRWwNkEVsCWrWNuH6RSCiVcWqgt4ZdgsjMp2Lvo

There are more than 20 proposals that duplicated existing ones (not counting the ones that failed to reach quorum and were re-submitted). For example, there are 6 proposals for hiring 0xMaki, 4 of these were submitted after a proposal for his hiring was already approved.

As there was no requirement for forum discussion before putting a proposal people put proposals forward without discussing them first, hoping to reap benefits for themselves or looking to take advantage of others.  Proposals for airdrops, increasing the rewards for a given pool, adding a pool to the rewards program, and so on.

And when we take into account the fact that the there are 49 seperate proposals (one for each of the candidates) for the Treasury Multisig election (so these 49 should be counted as one event), making the total number of serious proposals to under 100.

The most important proposals can be seen here:


https://www.notion.so/wasabinews/9a66aa82880141cc8756b82e0d56e885?v=3b7928fe6689466abef01dacb48fc6bc

All 269 proposals can be seen in detail on the Snapshot page:

Snapshot

https://snapshot.org/#/sushigov.eth

List of all proposals with the corresponding number of votes and SUSHIPOWAH for each one:

https://www.notion.so/794a079f11fc413dad74581734ca94d1?v=5b40de01e2b94203a0f2cde5c7afff38