The governance record
Quantum Biology DAO votes on Snapshot, in the qbio.eth space: 29 proposals, 34 followers, quorum 13,500,000 QBIO. The whole record is public, and read end to end it is one of the more legible small-DAO case studies available – a complete arc from launch enthusiasm to a working oligarchy, in twenty months.
Turnout collapsed while voting power rose. The first three proposals, in January 2025, drew 46, 44 and 37 voters and decided 23.1, 25.7 and 16.6 million QBIO of voting power. Across the eleven proposals held in 2026, the median turnout is 11 voters and the low is 6 – against 34 space followers – while voting power per proposal has typically run 50 to 210 million. Both movements have the same cause: the retail cohort stopped showing up, and the large holders did not. This is the standard shape described in voter apathy, visible here at a scale small enough to count wallet by wallet.
Three wallets hold every vesting token, and all three run the space. Reading balanceOf on the vQBIO contract: the entire 150,000,000 vQBIO supply sits in exactly three addresses at 50,000,000 each – 0x47ed3d53…, 0x25e34eff… and 0x9f1d91ed… – and all three appear in the space's list of four administrators. Their liquid QBIO holdings are 200,001, 63,949 and 0 tokens respectively. Because Snapshot counts vQBIO at parity with QBIO, those three wallets carry 27.1% of the 553,844,211-token voting base (read 19 September 2026) on the strength of tokens they cannot sell. That is the inverse of what a vesting schedule is normally sold as doing: rather than deferring influence until a lock-up proves commitment, it grants full influence immediately and defers only the ability to exit. The general mechanism is covered in token unlocks and vesting schedules.
Both defeats have been budget votes, and the first budget passed anyway. Of 29 proposals, two have failed to carry. The first: DP-23, the Annual 2026 Budget, on 20 February 2026, rejected 152,776,435 against to 56,771,107 for. It also drew the highest turnout since launch week – 17 voters – and split the administrators: 0x47ed3d53… voted for, 0x25e34eff… against. Every one of the ten smallest voters backed it, contributing 348,896 votes between them, or 0.17% of everything cast. Over the four months that followed, the DAO passed the same budget in pieces: a Media Director in April, an Operations Budget in May, a Communications Budget in May, and a Comms/Events/Other Budget on 30 June – each unanimous, each on 6 to 11 voters. An omnibus that lost a contested vote became four line items that won uncontested ones.
The second defeat came on 19 August 2026, and it is the sharper one. DP-33, “Core Contributors August 2026” ran 16–19 August 2026 and was rejected 106,680,657 against to 641,985 for, with 50,289,061 abstaining, on 11 voters. Read wallet by wallet it is not a retail revolt. The largest ballot cast was 53,509,960 QBIO from 0xd9c6ee15… – a purely liquid holder, 13.2% of QBIO supply, no vQBIO, and not one of the space's four administrators – voting against. The second largest was 50,063,949 from the administrator 0x25e34eff…, also against.
The proposal's own author, the administrator 0x47ed3d53…, abstained with 50,200,001, and the third vesting wallet did not vote at all. A core-contributor budget was therefore defeated by one outside whale and one of the three insiders, with the insider who wrote it declining to back it. Quorum was never in question – 157,611,702 votes against a 13,500,000 floor – which makes the same point as the paragraph below from the other side: the threshold gates nothing, and the outcome turned entirely on which two large wallets showed up.
Quorum is arithmetic, not a guarantee. Proposals before late May 2025 carry a quorum of 1 (the first, 0); the 13,500,000 threshold appears from DP-19 onward. That threshold is 2.4% of the combined QBIO + vQBIO voting base – and it is not what actually gates outcomes, because any single one of the three vesting wallets clears it more than three times over on its own. When they sit out, the arithmetic is stark: DP-29, the 2026 Communications Budget, closed on 6 voters and 404,104 votes, or 3.0% of the stated quorum and 0.07% of the voting base, with a single wallet supplying 68.6% of it. A fixed-constant quorum set against a supply the constant does not track is a recurring design fault, not a local one.
The DAO has started formalising the concentration. On 11 June 2026 it passed DP-30, “Establish Large Token Holder Council” – 8 voters, 100,629,242 for, 50,214 against – and, on the same day with the same 8 voters, a Transparency and Reporting Measures proposal. Read together, the two are an honest read of the situation by the people in it: with turnout in single digits and three admin wallets holding a quarter of the votable supply, the DAO chose to name its large-holder body rather than pretend the general vote was deciding things.
Both halves paused, and both restarted. No proposal was posted between 5 August 2025 and 20 February 2026, a gap of six and a half months, and the ecosystem newsroom ran silent over almost exactly the same window (23 June 2025 to 21 April 2026). Governance then resumed at a steady clip – ten proposals between February and June 2026 – and the funded science continued regardless: the vote on DP-25, a six-month grant to the Institute carried on 16 April 2026 with 14 voters, and five days later the newsroom announced the $1.2 million grant.
On that vote, four wallets – the three vesting holders plus one 26.3-million-token address – supplied 99.8% of the voting power; the other ten voters supplied 0.2%. Two numbers in the proposal sequence, DP-18 and DP-22, have no Snapshot proposal at all, and the technical roadmap still reads “Version 1.0 | Latest update: 13 October 2024”. Checked on 19 September 2026, DP-33 is still the latest proposal, and the newsroom's latest post is the 1 May 2026 SynBioBeta notice.