Questions was: Are we top heavy as a DAO?
Here is the data as of today:
Total Staked SPS in circulation: 770,279,561.144 in 309,024 accounts.
Percentage Owned by:
Top 10: 125,410,743.365 Staked SPS (16.28%)
Top 50: 249,194,082.242 Staked SPS (32.35%)
Top 100: 315,892,844.1 Staked SPS (41.01%)
Top 200: 394,989,324.521 Staked SPS (51.28%)
This is the comment from cryptoeater that triggered me into looking up the numbers at the Splinterlands Rich List:
I have said this multiple times but we have one of the most distributed DAOs I've ever seen, even large DAOs like pancakeswap (from memory) has a guy with like 10%+ voting power, my fav is Alpaca finance which has someone with around 40% voting power, and not everyone votes so they often have over 50% of the actual vote
I have google sheet that I keep that can be used to track the top 200 stakeholders. I don't do this often. Last time I did this was Nov 04, 2023 before today. As per todays, May 18,2024 number, out of total staked SPS (about 770 million), 51.28% is held by top 200 accounts. Back in Nov 04, 2023, out of total staked SPS back then (about 707 million), 48.54% was held by top 200 accounts. So the change is about 2.7% over the last 7 months.
Well, not much have changed in my opinion, but if you look at the data there are some interesting patterns we can see in the top 20.
But top 10 used to control 12.3% back then towards the end of last year, now top 10 controls 16.3%. This is a 4% change, which is slightly higher that the top 200 change over the same time period.
Well one of the complaints that we often hear that 'whales' (large stakeholders) can pass any DAO proposals. I disagree. If we consider that not all accounts vote; based on the past 20 passed proposal, I can say, that it typically takes 150 million to 175 million votes to pass a well contested proposal.
So in theory top 20 stakeholders can technically pass a proposal, but since not all of them vote, and I have never seen them vote the same way ever (which is great), the concern is moot.
