Quick analysis on NFID Wallet proposal 18, which is currently live with 3 days left in the voting period. It is possible to track the votes of every SNS neuron, but only while the proposal is live. I’m curious if the largest Neuron’s Fund participants are voting on SNS proposals. In the table below, all the neurons of the 4 largest Neuron’s Fund participants are listed. They accounted for 44% of the total swap commitment at NFID Wallet launch (which is almost all of the Neuron’s Fund commitment) and it appears that they own around 16% total voting power in the NFID SNS today. Not a single neuron has voted yet. I’ll check back in a few days to see if any of these neurons end up voting. I’ve seen people claim that Neuron’s Fund participants typically don’t vote. Perhaps that is true for the largest Neuron’s Fund contributors. More than likely, the largest Neuron’s Fund contributors intentionally do not participate in governance for legal and/or tax reasons, yet they participate in the Neuron’s Fund because it is a way for them to support the ICP community. If it is true that they typically don’t vote, then the 2/3 majority definition of critical proposals is even more stringent than intended, which also makes the 1/3 threshold to paralyze a SNS even easier to achieve.
As a point of reference, the last 6 NFID proposal tallies are provided in the table below. All have roughly the same voter turnout as the current live proposal 18, which means there is not likely to be much more voting even though there is 3 days left in the voting period. Notice that all prior proposals were rejected with 20.939% - 21.871% total voting power to reject. This is slightly more than the total voting power that Adam owns directly, which is 20.63% total voting power in the NFID SNS.
