This article was first published on 0x Blog - Medium
ZRX Portal and Governance H1 Update
ZRX Portal metrics and 0x governance updates
It’s been a few months since the latest update on ZRX Portal, so we wanted to share a recap of what has happened in Q2!
0x Governance and Community Engagement
In the latest governance update, we established that the immediate priority was to foster engagement within the 0x community. That meant investing more in processes that encourage open dialog and participation in governance of the protocol.
As part of the strategy, we first proposed a formalized ZEIP process that includes templates, standardized tagging, and categories. The proposal was accepted by the community. Subsequently, there have been two other community votes. We were able to observe the following patterns:
- Voting turnout in 2020 was higher than in 2019 when accounting for ZRX delegators. ZEIP-76 passed with 8.9M ZRX and 1564 voters, ZEIP-77 with 10.9M ZRX and 1799 voters, ZEIP-79 with 8.7M ZRX and 2398 voters. Voters include delegators of staking pool operators.
- Staking pools operators (liquidity providers) have accumulated significant voting power, as expected from the token economics introduced in 0x v3. In all votes, pool operators controlled the vast majority of the vote outcomes.
- During the voting window of ZEIP-79 (the most controversial of the lot), staking pool operators engaged in a productive conversation around the rationale behind the proposal, sharing their concerns and feedback. This was a solid display of participation, care, and engagement by the community, more specifically by actors who have the highest stakes in the system.
Lastly, we want to thank everybody who is actively participating in Discord, 0x social channels, and during 0x developer calls. It’s difficult to put a number to those ...
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0x Blog - Medium