{"id":63604,"date":"2022-06-28T16:41:23","date_gmt":"2022-06-28T13:41:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63604"},"modified":"2025-09-06T09:56:02","modified_gmt":"2025-09-06T06:56:02","slug":"chainalysis-finds-high-concentration-of-dao-token-ownership","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/chainalysis-finds-high-concentration-of-dao-token-ownership\/","title":{"rendered":"Chainalysis finds high concentration of DAO token ownership"},"content":{"rendered":"<p>Among the ten largest<a href=\"https:\/\/forklog.news\/cryptorium\/chto-takoe-dao-detsentralizovannaya-avtonomnaya-organizatsiya\/\"> \u0414\u0410\u041e<\/a> in the industry, 90% of votes are held by fewer than 1% of holders of<a href=\"https:\/\/forklog.news\/cryptorium\/chto-takoe-token-upravleniya\/\"> \u0442\u043e\u043a\u0435\u043d\u043e\u0432 \u0443\u043f\u0440\u0430\u0432\u043b\u0435\u043d\u0438\u044f<\/a>. Analysts at Chainalysis arrived at these conclusions.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ Let\u2019s talk about <a href=\"https:\/\/twitter.com\/hashtag\/DAOs?src=hash&#038;ref_src=twsrc%5Etfw\">#DAOs<\/a>. <\/p>\n<p>In this thread, we breakdown: <br \/>\ud83d\udc49How they work <br \/>\ud83d\udc49Why ownership is surprisingly concentrated<br \/>\ud83d\udc49Where DAOs are the most common and well-funded<a href=\"https:\/\/t.co\/2h0qWbYTNu\">https:\/\/t.co\/2h0qWbYTNu<\/a><\/p>\n<p>\u2014 Chainalysis (@chainalysis) <a href=\"https:\/\/twitter.com\/chainalysis\/status\/1541408066679328772?ref_src=twsrc%5Etfw\">June 27, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts stressed that such findings undermine the portrayal of DAOs as a means of decentralising power.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" decoding=\"\" width=\"1024\" height=\"616\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-680.png\" alt=\"\u0412 Chainalysis \u043e\u0431\u043d\u0430\u0440\u0443\u0436\u0438\u043b\u0438 \u0432\u044b\u0441\u043e\u043a\u0443\u044e \u0441\u0442\u0435\u043f\u0435\u043d\u044c \u043a\u043e\u043d\u0446\u0435\u043d\u0442\u0440\u0430\u0446\u0438\u0438 \u0432\u043b\u0430\u0434\u0435\u043d\u0438\u044f \u0442\u043e\u043a\u0435\u043d\u0430\u043c\u0438 \u0414\u0410\u041e\" class=\"wp-image-177318\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-680.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-680-300x180.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-680-768x462.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: Chainalysis.<\/figcaption><\/figure>\n<\/div>\n<p>The largest token holders can coordinate their efforts and vote against the remaining 99% of holders. Such a distribution can also influence minority holders&#8217; views on their role in the project&#8217;s development, the analysts noted.<\/p>\n<p>A similar picture emerges with regard to proposals put to a community vote. By these criteria, at best one in a thousand holders, at worst one in ten thousand. Yet one in 30,000 or even 10,000 holders has enough tokens to muster the votes needed to approve a proposal.<\/p>\n<p>Excessive concentration of voting power in a DAO could lead to decisions contrary to the decentralisation principles on which Web3 is built.<\/p>\n<p>As an example, analysts cited the situation with the crypto-lending protocol Solend. The project&#8217;s community<a href=\"https:\/\/forklog.news\/v-soobshhestve-predupredili-o-vozmozhnyh-likvidatsiyah-pozitsij-kitov-v-eth-i-sol\/\"> \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0438\u043b\u043e<\/a> introducing margin requirements for large users to neutralise the risk of insolvency of the platform. Of 1.1 million votes in favour, against 30,000, more than 1 million came from a single user. Without its participation, the quorum would have been unattainable.<\/p>\n<p>In the U.S. Senate <a href=\"https:\/\/u1f987.com\/en\/news\/us-senate-unveils-bipartisan-bill-to-regulate-crypto-industry\">presented<\/a> the full version of a bipartisan bill regulating the crypto industry. Among its provisions is the requirement for legal registration of DAOs.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Among the ten largest DAOs in the industry, 90% of votes are held by fewer than 1% of governance-token holders. Analysts at Chainalysis arrived at these conclusions.<\/p>\n","protected":false},"author":1,"featured_media":63605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[274,80,167],"class_list":["post-63604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-chainalysis","tag-dao","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63604"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63604\/revisions"}],"predecessor-version":[{"id":63606,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63604\/revisions\/63606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63605"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}