Governance token concentration (Gini)

Wormhole's assessment for RD-F-047 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Governance power concentration (Gini) | W token total supply 10B, circulating ~5.75B (per Etherscan). Wormhole Foundation holds 23.3% treasury allocation. Airdrop distributed to large user base; governance showed 3,428–3,440 voters on WIP-1/2. No Gini coefficient calculation performed (requires holder distribution scan). | Wormhole tokenomics blog; WIP-1/2/3 vote results | gray

Sources #

Curator note
Extracted from 02-governance-admin.md — RD-F-047; no URL citedretrieved 2026-04-28

Methodology #

Compute the Gini coefficient of governance token holdings across the top-1000 holder addresses.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol wormhole factor RD-F-047 score gray collected_at 2026-04-28 01:38:43