Epoch 5 Report

Analysis of Epoch 5 metrics and user behavior

Locks and Unlocks

Monthly Transactions

Monthly Transactions

Octant Aggregates

Amounts (ETH)

epoch budget budget_allocated donations leftover (%) generosity (%)
1 101.469 75.913 5.527 25.2 7.3
2 138.233 137.941 3.925 0.2 2.8
3 241.301 239.465 25.484 0.8 10.6
4 214.744 203.187 4.788 5.4 2.4
5 220.261 205.297 17.630 6.8 8.6

Note: patron mode not included.

Users (addresses)

epoch potential_users allocators donors ga_beneficiaries turnout (%)
1 515 362 347 15 70.3
2 586 366 332 14 62.5
3 603 320 285 15 53.1
4 593 303 279 16 51.1
5 898 439 422 232 48.9

Note: patron mode not included.

Users

(1.1) Epoch Progress

Epoch Progress
  • Heavy growth in the beginning of the 2nd week.
  • More steady vs. previous epochs (no sybil boost)
  • .

(1.2) Daily New Users

Daily New Users
  • Heavy growth in the beginning of the 2nd week.
  • Higher share of GLM Campaign in the 2nd week.
  • More steady vs. previous epochs (no sybil boost)

(1.3) Epoch Turnout

Epoch Turnout

Lower turnout % vs Epoch 4 is slightly deceiving. If the 60+ sybil accounts made their allocation, we would have ended up with higher turnout this Epoch.

(1.4) Allocation Changes

Allocation Changes

Users rarely change their allocation decision (more stability of results due to QF, less heavy-weight testing by team members). Growth vs Epoch 4 mostly due to the sybil addresses pulling out (60+ addresses with no allocation changes).

(1.5) Distribution of Donations

Distribution of Donations

As usual donations (in absolute terms) are dominated by the whale category, which is by far the most important contributor to the overall generosity rate. Allocation to budget ratio is relatively stable in other categories, but we can see some growth in the M category.

Categories

(1.6) User Types

User Types

Non-participating users are over represented in the XS category (which is a good thing - syblis?). Note that the vast majority of users fall into to full donor category (>98% of budget allocated to projects) and that the mixed category (2%-98% of budget allocated to projects) are quite an important part of the middle class users.

Categories

(1.7) Projects Supported

Projects Supported

The falling average number of projects supported can be attributed to the introduction of GLM marketing campaigns. “Old” users keep the average at a level similar to Epoch 4, while users who received GLM giveaways in Epoch 5 tend to concentrate their votes more (less than 4 projects on average).

Funding Distribution

(2.1) QF vs Linear Distribution

Projects Supported

If we applied linear distribution, only 7 projects would receive funding, with ca. 90% of the MF being captured by 5 projects supposed by the single whale. Note that Protocol Guild did not receive the highest amount of donations and yet managed to be at the top of the leaderboard when we applied QF.

(2.2) Correlations

Projects Supported

Interesting stuff: 1) lower variation in the number of donors, 2) similar total donation amounts lead to entirely different shared in Matching Funding (due to QF).