Tracer Analytics Tracer Voters

Tracer Voters

Tracer is a trustless protocol for creating and trading financial derivatives. Using TCR, Tracer's governance token, users can vote and control the smart contracts powering Tracer. In this dashboard, we'll explore addresses that have staked TCR in the DAO governance contract to gain voting power. We'll also explore the amount of TCR in DEXs (that could potentially be staked to gain voting power).

Key questions

How many addresses currently have voting rights in Tracer DAO?
How many addresses have or previously have had voting rights in Tracer DAO?
How much TCR is deposited in major DEXs that could otherwise be staked for voting?

Current vs historical stakers

Some addresses have since withdrawn all of their staked TCR and no longer have voting power (historical stakers). However, a large majority of stakers still possess voting power to this day; 79 out of 108 addresses at the time of writing.

New stakers per day

New TCR stakers help to further decentralize Tracer DAO. How many addresses start staking TCR for the first time, and when do they join? April 26th 2021 saw the greatest influx of new stakers on a single day (8 new addresses). Early 2022 has seen few new stakers join.

Current stakers by voting power

Out of the current TCR stakers, which addresses have the most tokens staked and the most voting power? Currently, the top 10 stakers control more than half of all staked tokens.

Proportion of TCR currently staked

How much TCR of the total supply (1,000,000,000 TCR) is currently staked in the Tracer governance contract?

TCR stored in DEX pools

TCR is available on Uniswap V3 and SushiSwap, with the far majority of liquidity in Uniswap. Over the past 4 months, the amount of TCR pooled has fluctuated significantly, reaching just under 5M tokens in Dec 2021 and hitting less than 1M tokens in Feb 2022.

Proportion of TCR stored in DEX pools

How much TCR of the total supply (1,000,000,000 TCR) is currently staked in the Tracer governance contract?

Key insights

Sustained staking
The majority of addresses that have ever staked TCR in governance continue to stake today and control voting power.
Room for decentralization
Influx of new TCR stakers has slowed in early 2022. The top 10 stakers control well over 50% of voting power.
Uniswap-pooled TCR could sway votes
Out of the TCR total supply, 0.30% is in DEX pools, and 0.47% is currently staked. The use of DEX TCR for staking could significantly affect voting power. This depends highly on the composition of the Uniswap TCR pool.

Methodology

Finding Tracer staking / unstaking events
ethereum.udm_events for the DAO governance contract (0xa84918f3280d488eb3369cb713ec53ce386b6cba) was filtered for staking events (event name: 0x61e53f356cd8ce9e4e59fd84b2bb543ffd495887d4017a5fe4f835c9b269ed02) and withdrawal events (event name: 0x365fb1c64489007fb28325f54a1decf6c676c016af7d4b46371e1fe2f073a757).
Finding current and historical stakers
The net of staking and withdrawal transactions was calculated per address. Addresses that currently have a positive staking balance were labelled current stakers whilst addresses that have since withdrawn all of their tokens were labelled as historical stakers.
TCR balances in DEX pools
TCR pools were identified using ethereum.dex_liquidity_pools. The latest and historical TCR balance of these pools was found using ethereum.erc20_balances.
Tracer contracts
docs.tracer.finance/addresses/ethereum-mainnet