After months of dedication, Fyde and Snapshot are thrilled to present new research on DAO governance structures. This data, collected in December last year, provides insights into DAO governance mechanisms, proposal participation, and key metrics across 200 DAOs.

Data Collection Scope

Our analysis covers the 200 largest DAOs, segmented into five tables: basic information, snapshot data, treasury holdings, on-chain voting data from Tally, and aggregated on/off-chain proposal data. If you’re interested, we’ve included instructions on accessing this dataset below.

General Observations and Insights

The findings reveal no definitive correlation between participation rates and proposal success. Interestingly, the overall proposal success rate is 49.5%, indicating that participants are thoughtful and independent in their voting choices. This success rate shows minimal dependence on protocol size but is slightly affected by the number of votes each proposal receives.

In terms of governance models, approximately 50% of DAOs employ a custom model, with Compound Governance and Aragon Governance being the next most popular. This distribution hints at an opportunity for more standardization across governance structures.

Accessing the Data (CSV and Supabase)

You can access the data via:

• CSV: DAO Governance Data
• Supabase: Hosted publicly at Supabase Project.

API key: eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpc3MiOiJzdXBiYXNlIiw...

Example Query with Supabase.js

To access the data programmatically:

1. Install the Supabase package: npm install @supabase/supabase-js
2. Initialize the Supabase client:

import { createClient } from "@supabase/supabase-js";

const supabaseUrl = "https://ygmmnhwtzvpkskvrqwbn.supabase.co";
const supabaseKey = "your-public-api-key";
const supabase = createClient(supabaseUrl, supabaseKey);

3. Query the governance table:

const { data, error } = await supabase
  .from("governance")
  .select("DAO, participation_rate")
  .order("participation_rate", { ascending: true });

Moving Forward

This research marks an initial step towards understanding DAO governance intricacies. We’re committed to regularly updating this dataset if demand persists. Contact us at gm@fyde.fi for feedback or partnership opportunities.