Epoch 6 Report

Analysis of Epoch 6 metrics and user behavior

Locks and Unlocks

Monthly Transactions

Monthly Transactions

Weekly Transactions

Weekly Transactions

Octant Aggregates

Amounts (ETH)

epoch budget budget_allocated donations leftover (%) progress (%) generosity (%)
1 101.469 75.913 5.527 25.2 74.8 7.3
2 138.233 137.941 3.925 0.2 99.8 2.8
3 241.301 239.465 25.484 0.8 99.2 10.6
4 214.744 203.187 4.788 5.4 94.6 2.4
5 220.261 205.297 17.630 6.8 93.2 8.6
6 197.785 195.760 14.313 1.0 99.0 7.3

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
6 982 479 455 193 48.8

Note: patron mode not included.

Users

(1.1) Epoch Progress

Epoch Progress

The daily inflow of new users closely matched the Epoch 5 pattern. The relatively slow start occurred because the Allocation Window began on a Saturday. Throughout all epochs, we’ve observed significantly lower user activity on weekends.

(1.2) Daily New Users

Daily New Users

Users who received GLM during Epoch 5 remained a significant portion of our active user base. This chart focuses only on the Epoch 5 campaign, as we are still need to check the giveaway data from Epoch 6 (some monitoring issues).

(1.3) Epoch Turnout

Epoch Turnout

The turnout for this epoch matched Epoch 5’s level, with 48.7% of eligible addresses (those with a positive budget) making allocations. However, over 500 eligible addresses did not participate in the allocation process.

(1.4) Allocation Changes

Allocation Changes

Users rarely return to the Octant app to modify their allocations, with the average number of allocation decisions remaining consistent since QF’s introduction. The vast majority make their allocation once and never adjust it.

(1.5) Distribution of Donations

Distribution of Donations

Compared to Epoch 5, the only notable difference was a lower level of donations in the L user category, though Epoch 6’s overall aggregates remained similar.

Categories

(1.6) User Types

User Types

The distribution of user types remains similar to Epoch 5. XL users continue to claim the majority of their rewards, while other categories maintain their predominantly full-regen status.

Categories

(1.7) Projects Supported

Projects Supported

Octant users support an average of 4.5 projects, unchanged from Epoch 5. Most users supported just one project, consistent with Epoch 5 but different from earlier epochs like Epoch 4.

Funding Distribution

(2.1) QF vs Linear Distribution

QF vs Linear Distribution

Protocol Guild placed second for the first time, despite ranking 7th in total donations. The distribution of donations was fairly even across projects, ranging from 38 to 90 donations each. While Protocol Guild received the most support with 90 donations, this represented only about 21% of the 419 active users who supported at least one project.

(2.2) Correlations

Correlations

For the first time there is no clear correlation between the number of donors and total matching funding.

(2.3) Voting Power

Voting Power

Similar to Epoch 5. Epoch 4 for reference (whales less relevant).

(2.4) Proper QF

Proper QF

Similar to Epoch 5.

User Flows

(3.1) User History

User History

If an Octant user doesn’t allocate during their first opportunity, they are unlikely to ever allocate. While there’s a small chance they’ll participate in the following epoch, after that we typically lose them permanently.

(3.2) Transitions of Allocators

Transitions of Allocators

This chart shows the engagement of Octant users who made an allocation in a particular epoch. On average, after one epoch passes, 92% of users still have their GLM locked, but only 69.8% participate in the allocation window. After two epochs, 80.5% have their GLM locked and only 54% make an allocation. After 5 epochs, only 59.1% of allocators have any GLM still locked, and just 25.1% participate in the allocation window.

Note: This is based on averages calculated for every epoch (thin line charts). We have 5 observations for the first interval (i.e., 1 epoch passing) and only one observation for the 5th interval.

(3.3) Marketing Campaigns

Marketing Campaigns

Similar chart as above (absolute amounts, not relative), but limited to E0 airdrop recipients and users who received GLM in Epoch 5 marketing campaigns.

Voters' Agenda

(4.1) Correlations

Correlations

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(4.2) Single-project Votes

Single-project Votes

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