Swimming with Whales: Analysis of Power Imbalances in Stake-Weighted Governance
Voting methods weighted by stakes are the fundamental governance paradigm in Proof-of-Stake (PoS) blockchains. Such a paradigm is known to be prone to power distortions: a few users possessing large stakes may completely control decision making, even without owning the totality of the stakes. We study this phenomenon through the lens of computational social choice, focusing on the extent of power imbalances in stake-weighted voting when power is quantified using the Penrose-Banzhaf power index. Our work presents both analytical and empirical contributions. Analytically, we demonstrate that while a perfect alignment between power and relative stake ownership is generally unattainable, it can be approximated in expectation under specific conditions. Empirically, using data from a real-world on-chain governance system (Project Catalyst), we provide a more fine-grained understanding of the power imbalances that are likely to occur in current stake-weighted governance systems.
Code (0)
등록된 구현이 없습니다.
Tasks
Decision MakingSimilar Papers 제목 키워드 기반
Preparation and Motion Study of Magnetically Driven Micro Soft Robot Mimicking the Cownose Ray
In narrow, unstructured underwater environments such as environmental monitoring and minimally invasive medical procedures, micro soft robots exhibit unique advantages due to their flexible movement capabilities and smal…
Beluga Whale Detection from Satellite Imagery with Point Labels
Very high-resolution (VHR) satellite imagery has emerged as a powerful tool for monitoring marine animals on a large scale. However, existing deep learning-based whale detection methods usually require manually created, …
Computational Analysis of Amoeboid Swimming at Low Reynolds Number
Recent experimental work has shown that eukaryotic cells can swim in a fluid as well as crawl on a substrate. We investigate the swimming behavior of Dictyostelium discoideum amoebae who swim by initiating traveling prot…
Bag-of-calls analysis reveals group-specific vocal repertoire in long-finned pilot whales
Besides humans, several marine mammal species exhibit prerequisites to evolve language: high cognitive abilities, flexibility in vocal production and advanced social interactions. Here, we describe and analyse the vocal …
SpecificityvalidA Deep Dive into NFT Whales: A Longitudinal Study of the NFT Trading Ecosystem
NFT (Non-fungible Token) has drastically increased in its size, accounting for over \$16.9B of total market capitalization. Despite the rapid growth of NFTs, this market has not been examined thoroughly from a financial …