"The top 100 holders across all four protocols controlled more than 80% of the governance token supply, indicating a significant concentration of power within these decentralized finance systems."
"For Aave and Uniswap, the top five holders alone captured nearly half of all tokens, while Ampleforth's top five controlled close to 60%, showcasing extreme token concentration."
"Roughly half or more of all holdings trace back to the protocol itself, through treasuries, founders, or developer allocations, or to centralized and decentralized crypto exchanges."
"Identifying top voters proved difficult, with about one-third remaining unidentified, while those identified included individuals, Web3 companies, venture capital firms, and university blockchain societies."
Governance data from four DeFi protocols revealed that the top 100 holders controlled over 80% of governance tokens. Aave and Uniswap's top five holders captured nearly half, while Ampleforth's top five controlled close to 60%. Many holdings traced back to protocols, founders, or exchanges, with Binance holding significant shares. Voting power was largely held by delegates, but identifying them was challenging, with one-third of top voters remaining unidentified. Identified voters included individuals, Web3 companies, venture capital firms, and university blockchain societies.
Read at news.bitcoin.com
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