From a7f0bb17b6900ad7d08c3f49c48cd796af6f0dae Mon Sep 17 00:00:00 2001
From: "Carlos R. Mercado" <107061601+charlieflipside@users.noreply.github.com>
Date: Mon, 12 Sep 2022 12:05:11 -0400
Subject: [PATCH] Update MKR_delegate_targeting.Rmd

---
 MKR_delegate_targeting.Rmd | 30 +++++++++++++++++-------------
 1 file changed, 17 insertions(+), 13 deletions(-)

diff --git a/MKR_delegate_targeting.Rmd b/MKR_delegate_targeting.Rmd
index 6fd5d22..134c43c 100644
--- a/MKR_delegate_targeting.Rmd
+++ b/MKR_delegate_targeting.Rmd
@@ -55,7 +55,7 @@ the 'holders' number we commonly see in tools like etherscan.
 
 Of the 87,000 Holders of MKR, only 6,375 (7%) have at least 1 whole MKR (~$700 at time of writing).
 Given that MKR uses on-chain voting on the Ethereum Layer 1, it may be cost prohibitive in ETH gas 
-terms for smaller holders to delegate and vote on-chain.
+terms for smaller holders to delegate and vote on-chain (as opposed to an off-chain tool like Snapshot).
 
 ```{r, message = FALSE, warning= FALSE}
 library(shroomDK)
@@ -127,11 +127,6 @@ columns = list(
 
 ```
 
-The MKR governance contract: 0x0a3f6849f78076aefaDf113F5BED87720274dDC0 held 188,866 MKR as of 
-block 15440000. The Largest contract and overall address holder of maker. 
-
-This means of the total 977,631 MKR: 544,881 (~56%) is practically available for delegation.
-
 
 ```{r}
 message(
@@ -145,17 +140,29 @@ message(
 )
 ```
 
-Combining 
+
+The MKR governance contract: 0x0a3f6849f78076aefaDf113F5BED87720274dDC0 held 188,866 MKR as of 
+block 15440000. The Largest contract and overall address holder of MKR. 
+
+This means of the total 977,631 MKR: 544,881 (~56%) is practically available for delegation.
+
+    - 356,015 in EOAs w/ 1+ MKR that are not in the governance contract.
+    - 188,866 in the governance contract whose delegation can be fought over pvp style.
+    - Note: excluding the single gnosis-safe holding 9,556 for now.
+    
+At time of writing, Flipside Crypto has ~9,000 MKR delegated to it (4.7% of current governance).
 
 ## Time-Weighted MKR Holders
 
 Instead of analyzing holders based on current balance on MKR, we can add weight for *having held* MKR 
-for a long time. For example, weighing a user whose held 10 MKR for 10,000 blocks as a better delegate
-target than one who has held 100 MKR for only 100 blocks.
+for a long time. For example, weighing an address whose held 10 MKR for 100,000 blocks as a better delegate
+target than one who has held 100 MKR for only 1,000 blocks.
 
 Giving users 1 point per MKR for every 1,000 blocks where they held at least 0.1 MKR 
 in the range of Jan 1, 2021 (block #:11,566,000) to 
-Aug 30th 11am UTC (block # 15,440,000).
+Aug 30th 11am UTC (block # 15,440,000) it is clear there is a strong correlation
+between holding MKR now and having held it in the past- but important outliers and nuance 
+allow for more precision in targeting potential delegates.
 
 ```{r,  message = FALSE, warning= FALSE}
 
@@ -210,6 +217,3 @@ plot_ly(mkr_tw_bal, x = ~log(NEW_VALUE), y = ~log(TIME_WEIGHTED_SCORE),
 
 ```
 
-## Recent Accumulators 
-
-TODO