filtering the signal through the noise and answering the question "Are DAOs Dead?"

This analysis looks into possible clusters that have claimed the $ZK airdrop. Before we get into it, I just wanted to point out:

The incentives for participating in DAOs are broken. Token holders are asked to actively manage and govern multi-billion dollar protocols at their own expense. Large delegates fund their critical research and operations via inconsistent grants or retroactive funding. Token holders hold illiquid unproductive assets with little or no incentive to participate.

At its core, Retroactive Public Goods Funding (Retro Funding) embodies a vision of collaboration and collective success.

This analysis looks into possible sybil addresses gaming the recent $ARB airdrop. Before we get into it, I just wanted to point out that it's obviously easier to do this post-airdrop analysis than beforehand, though I do think some of these users could definitely have been detected. Sources used for the analysis are Dune and Arbiscan.

This is the first of many Web3 data guides I plan on doing. The goal here is to explain the protocol from a data analyst/engineer’s perspective. These guides aim to bring transparency to the data you see on dashboards, as well as awareness of how well (or not well) protocols are built for data analysis.