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FELIXCryptoInterstellar Financier plan

Governance Execution History

Review recent on-chain proposals and classify approval reliability as reliable, moderate, or poor

  1. 01
    What it answers
  2. 02
    How it is computed
  3. !
    Keep in mind
  4. →
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01The analysis

What it answers

Answers whether a protocol's on-chain governance consistently approves proposals that reach a meaningful quorum. It reads recent closed proposals from independently verified governor contracts, counts how many proposals carried a usable quorum and met it, and computes an approval rate, labeling reliability reliable (80%+), moderate, or poor. Use it to assess the observed governance track record. The current score measures quorum-backed approval, not whether every approved proposal's intended real-world effects were implemented, and coverage excludes unregistered governance systems.

Scientist
FELIX
Asset class
Crypto
Plan
Included from the Interstellar Financier plan
02The method

How it is computed

Governance track record - and a selection effect that inverts the natural reading.

WHAT IT MEASURES. Recent closed proposals from verified governor contracts: how many carried a usable quorum, how many met it, and the resulting approval rate, labelled reliable at 80% or above, moderate, or poor.

QUORUM is the minimum participation for a vote to count. It exists to stop a small group deciding for everyone by simply being the only ones present, and failing quorum is a distinct outcome from being voted down - the proposal did not fail, the process did not happen. Counting those separately is the right choice.

NOW THE PART THAT MATTERS. A HIGH APPROVAL RATE IS NOT EVIDENCE OF HEALTHY GOVERNANCE, and reading it that way inverts what the number contains. Proposals do not arrive at an on-chain vote at random: in most protocols they pass through forum discussion, a temperature check and informal sponsor-gathering first, and proposals expected to fail are withdrawn before reaching the chain. So the on-chain approval rate largely measures the FILTER, not the deliberation. A 95% approval rate is consistent with rigorous pre-screening, and equally consistent with a rubber stamp where the outcome was decided elsewhere.

This is a SELECTION EFFECT, and it is the same shape as several elsewhere in this catalog: the sample you can observe was chosen by a process correlated with the outcome you are measuring. A student who learns to ask 'what determined which cases I can see?' will find it everywhere.

WHAT WOULD DISTINGUISH the two explanations: the proposal-to-vote conversion rate, the margin distribution (a governance where everything passes 99-1 is different from one where votes are contested), and whether any significant proposal has ever failed.

SO WHAT IS IT GOOD FOR? Two real things. Persistent QUORUM FAILURE is a genuine finding - it means governance cannot act, which is a live risk if the protocol needs to respond to something. And it establishes that the governance process FUNCTIONS mechanically, which is a floor rather than a ceiling.

The score measures observed approval behaviour rather than governance quality.

Keep in mind

The 80% threshold and the labels are our own convention.

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