THE WHIP

A weekly bulletin on DAO governance and DeFi risk.

10 DAOs 3 chains on-chain primary sources independent
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What The Whip is.
A weekly research bulletin on DAO governance and DeFi risk. Source data is pulled from on-chain governance contracts, Snapshot, Tally, and treasury movements via Alchemy.¹ Each issue presents findings supported by data. No anonymous quotes. No narrative framing.
10 DAOs across 3 chains.
Snapshot signaling. On-chain governance. Treasury movements.
UNI
01
Uniswap
Ethereum
AAVE
02
Aave
Ethereum
ARB
03
Arbitrum
Arbitrum
OP
04
Optimism
Optimism
COMP
05
Compound
Ethereum
LDO
06
Lido
Ethereum
ENS
07
ENS
Ethereum
CRV
08
Curve
Ethereum
SAFE
09
Safe
Ethereum
BAL
10
Balancer
Ethereum
Current dataset.
Pipeline online
Ingesting across Snapshot, Tally, and Alchemy.
3,400+
Proposals
Snapshot + on-chain
260K+
Votes
across 10 DAOs
340K+
Treasury moves
ETH, ARB, OP
29
Contested votes
40-60% FOR share
Sample finding.
// SAMPLE

The Balancer Anti-Bloc of 2022

DAO:balancer.eth
PERIOD:2022-06-17 → 2022-09-01
CONTESTED PROPOSALS:14
BLOC SIZE:6 addresses
PAIRWISE ALIGNMENT (CONTESTED):100%
PEAK COMBINED VP:~1.5M BAL

Six addresses voted in 100% lockstep against major Balancer governance proposals across a four-month window, controlling over a million voting power per contested vote. Surface-level alignment scores would have missed the bloc. The pattern is only visible when filtering to contested proposals.

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Operator.
The Whip is independent and pseudonymously edited.
isofile

Operated by isofile. Also publishes generative art at isofile.xyz.

Disclosure: the operator serves on PleasrDAO's council. The Whip does not cover PleasrDAO. Additional disclosures appear on each issue's masthead.