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Daire Ó Broin

Publications and source records attributed to Daire Ó Broin.

3 recordsLinked to original sources

Mapping Partisan Fault Lines Within DAOs

Decentralised Autonomous Organisations (DAO) can fragment when partisan communities emerge within their governance structures, leading to organisational splits known as "forks". We present a method to detect these emerging communities by analysing on-chain voting behaviour before fragmentation occurs. Our approach extracts voting events from governance smart contracts, constructs voter matrices encoding participation patterns, and applies pairwise dissimilarity analysis to quantify voting divergence between addresses. We visualise these relationships using multidimensional scaling and identify partisan communities through k-means clustering with silhouette score optimisation. Using Nouns DAO as a case study, a protocol that has experienced multiple documented forks, we demonstrate that addresses that would later fork cluster together months before actual fragmentation events. Our analysis of 330 proposals spanning from contract deployment to the first major fork shows that 90% of fork addresses cluster together in the final 44 proposals, compared with only 47% in randomised data. These results indicate that partisan communities can be detected and visualised through on-chain governance analysis, providing retrospective evidence of emerging divisions before they cause organisational fragmentation.

cs.CR↗

The On-Chain and Off-Chain Mechanisms of DAO-to-DAO Voting

Voting is the primary mechanism through which Decentralised Autonomous Organisations (DAOs) reach decisions. Although transparent, the voting process can be opaque: it can involve many interacting smart contracts. The nexus of the decision-making process can be relocated and the true voter demographic obfuscated. DAOs can also govern other DAOs, a process known as metagovernance. We present a method for identifying DAO-to-DAO metagovernance on the Ethereum blockchain. We focus on the links between DAOs and token contracts. We use a signature-matching algorithm to handle a variety of DAO frameworks and voting schemes. Once we establish token-to-DAO relationships, we gather and process voting data to produce a list of metagovernance relationships. We apply this algorithm to an initial set of sixteen DAOs and we extend the dataset as more DAOs are identified. We produce a metagovernance network with 61 DAOs and 72 metagovernance relationships. We examine three case studies that show metagovernance of various forms: strategic, decisive, and nexus, where a DAO becomes a governance hub for multiple other DAOs. We demonstrate that metagovernance obscures voting context and introduces entities driven by self-interest that can significantly influence governance. We highlight instances of metagovernance between DAOs operating on the Ethereum blockchain where current governance tools fail to reveal such dynamics. Better tools are needed to preserve the transparency-centric ethos of DAOs and mitigate risks associated with metagovernance.

cs.CR↗

Token Composition: A Graph Based on EVM Logs

Tokens have proliferated across blockchains in terms of number, market capitalisation, and utility. Some tokens are tokenised versions of existing tokens, known variously as wrapped tokens, fractional tokens or shares. The repeated application of this process creates tokens with arbitrarily many layers of composition. We perform an empirical analysis of token composition on the Ethereum blockchain. We introduce a graph that represents the tokenisation of tokens by other tokens, and we show that the graph contains non-trivial topological structure. We relate properties of the graph, for example, connected components and cyclic structure, to the tokenisation process. For example, we identify the longest directed path and its corresponding sequence of tokens, and we visualise the connected components relating to a stablecoin and a non-fungible token protocol. Our goal is to explore and visualise what has been built with tokens, rather than propose new constructions.

cs.CR↗