Voting and Wealth in Ark Ecosystem

In this notebook I'm going to take a look at the wealth distribution among the voters who stake their coins on the by voting for delegates who forge coins. In return for staking their coins voters are often rewarded with a staking reward.There are a total of 681 delegates. But what is the weatlth distribution among those delegates? There are only 51.0 delegates which are forging blocks at any moment.So who are the current delegates forging?

There are 24420 wallets which have submitted a vote to one of the 681 forging delegates. From those wallets, the wealthiest one has 1439540.89737239 Ark

Not all of the voting wallets actually have funds in them. Out of the 24420, 27.17% have a balance of 0 Ark, and 34.67% have a balance of less than 1 Ark.That leaves 15953 wallets which have more than 1 Ark. So less than two thirds of the voting wallets actually have any funds in them. What does the distribution look like now that we've removed all the zero balances?

Approximately 76.7 of all voting wallets have less than 1k Ark being in Tiers 1 and 2. The richest 1% are found in Tier 5. This can be seen in the chart below.

The following plots are the wealth distributions within each tier. Tier 1 seems to be quite uniformly distributed,except for the large number of low fund wallets (1-3 Ark).

How is the wealth distribution among the delegates?

Who is each tier voting for?

For Tier 1 the top delegates are as follows

For Tier 2 the top delegates are as follows

For Tier 3 the top delegates are as follows

For Tier 4 the top delegates are as follows

For Tier 5 the top delegates are as follows

In the higher tiers the votes are more evenly distributed on a per wallet bases. Tiers 1 through 3 are primarly dominated by biz_classic and janurik. However they are noticebly absent from the top 10 in tiers 4 and 5. And dutchdelegate is precent with at least 10% share on all but the tier 5.

These are the delegates for which a single wallet accounts for 50% or more of the voting power. The wealthist voter which was mentioned previously votes for arkade_delegate

votes monetary backing (mln) Ark biggest contribution (mln) Ark pct contrib of total approval producedblocks missedblocks productivity rate
delegate
arkworld 37 1.427281 1.396090 97.814631 1.07 25815 215 99.17 41
arkade_delegate 18 1.475421 1.439541 97.568114 1.11 12837 66 99.49 21
provolve 15 1.456216 1.379970 94.764104 1.09 11818 163 98.64 31
arkoar.group 21 1.474485 1.383202 93.809206 1.11 5693 32 99.44 22
ozpooldelegate 47 1.450708 1.252623 86.345589 1.09 26854 110 99.59 34
arkane 23 1.312612 1.077493 82.087684 0.98 26881 30 99.89 49
doc 12 1.475838 1.157593 78.436283 1.11 76824 1023 98.69 20
rasputin 18 1.411918 0.975200 69.069168 1.06 80610 1843 97.76 45
sharkark 39 1.426666 0.922373 64.652361 1.07 44221 445 99.00 42
arkmoon 163 1.458456 0.844469 57.901562 1.09 37392 223 99.41 27
locama 18 1.479600 0.774670 52.356754 1.11 8172 5 99.94 19
therock 6 1.458419 0.741890 50.869501 1.09 68807 5428 92.69 28
arkship 43 1.445308 0.724333 50.116191 1.08 44577 375 99.17 35

These are the delegates for which any single wallet accounts for 10% or less of the voting power. The most decentralized as it were.

votes monetary backing (mln) Ark biggest contribution (mln) Ark pct contrib of total approval producedblocks missedblocks productivity rate
delegate
biz_classic 4234 1.718590 0.041260 2.400777 1.29 62471 244 99.61 3
dutchdelegate 2038 1.598040 0.069993 4.379952 1.20 46774 327 99.31 7
jarunik 3446 1.459207 0.087362 5.986926 1.09 73638 281 99.62 26
dr10 1236 1.634247 0.099945 6.115680 1.23 64267 293 99.55 5
arkpool 2097 1.757086 0.129715 7.382375 1.32 82521 384 99.54 2
superstar 336 1.528175 0.115455 7.555082 1.15 49538 522 98.96 12
quarkpool 477 1.428834 0.121118 8.476702 1.07 67444 259 99.62 40
arkgallery 260 1.484327 0.134021 9.029105 1.11 54601 528 99.04 18

Below the decentralization distribution is shown