Reports
Annual report

EOY governance health.

Proposal pipeline, ratification participation, signer distribution, CAB conduct, and stacksgov/sips closed-PR activity across 2025 and 2026. Every figure carries its source; anything without one is shown as a gap.

Generated 2026-10-29

2026 is a partial year

This report was generated on 2026-09-17, so every 2026 figure is year-to-date rather than year-end. The latest observed reward cycle is 143 (started 2026-09-09); the 2025 comparison uses cycle 125 (started 2025-12-18), the last cycle of that completed year.

2026 closed-PR figures are year-to-date from GitHub

Section 6's 2026 aggregates were pulled from the GitHub Search API for PRs closed in calendar 2026 through 2026-10-02 (33 closed, 25 merged). Categories for 2026 are title heuristics aligned to the 2025 sheet labels, not a separately reviewed Summary sheet. 2025 remains sheet-sourced.

1Summary and headline figures

The seven headline metrics, per year, each with its calculation method, coverage and sources.

2025

SIPs ratified in 2025

0

SIPs whose recorded ratification date falls in 2025.

Based on 30 of 33 ratified SIPs with a dated ratification in repo history (91%).

public/data/governance/sip-lifecycle.json (2026-09-17) · GitHubSip (synced from stacksgov/sips) (2026-10-29)

Cumulative ratified SIPs

33

SIPs ratified all time, counted as those whose recorded status is Ratified or whose repo history records a ratification.

GitHubSip (synced from stacksgov/sips) (2026-10-29) · public/data/governance/sip-lifecycle.json (2026-09-17)

Ratification votes held

2

Community ratification votes with a published audit in the period.

ballot.gg community vote audit (2026-09-17)

Median voter turnout

27.7%

Median across votes of (STX weight cast / eligible stacked STX at the vote's snapshot cycle).

Based on 1 of 2 votes in period (50%).

ballot.gg community vote audit (2026-09-17) · Hiro /extended/v2/pox/cycles (2026-10-22)

Top-5 voting power, largest vote

—no source

Voter-level ballot records are required to compute concentration and are not yet available.

public/data/governance/ratification-votes.json (2026-09-17)

Independent share of CAB

0.0%up to 93.8% if undisclosed members are independent

Confirmed share counts only members with a disclosed independent status; the ceiling additionally counts every member whose affiliation is undisclosed.

Based on 1 of 16 members with any disclosed affiliation (6%).

CabGroupMember · public/data/governance/cab-members.json (2026-09-17)

Largest SOIF revenue source

—no source

No SOIF revenue figures are recorded. This metric has no source in the platform or any connected API and must be entered from published SOIF financials.

public/data/governance/soif-revenue.json (2026-09-17)

2026

SIPs ratified in 2026

8

SIPs whose recorded ratification date falls in 2026.

Based on 30 of 33 ratified SIPs with a dated ratification in repo history (91%).

public/data/governance/sip-lifecycle.json (2026-09-17) · GitHubSip (synced from stacksgov/sips) (2026-10-29)

Cumulative ratified SIPs

33

SIPs ratified all time, counted as those whose recorded status is Ratified or whose repo history records a ratification.

GitHubSip (synced from stacksgov/sips) (2026-10-29) · public/data/governance/sip-lifecycle.json (2026-09-17)

Ratification votes held

2

Community ratification votes with a published audit in the period.

ballot.gg community vote audit (2026-09-17)

Median voter turnout

27.7%

Median across votes of (STX weight cast / eligible stacked STX at the vote's snapshot cycle).

Based on 1 of 2 votes in period (50%).

ballot.gg community vote audit (2026-09-17) · Hiro /extended/v2/pox/cycles (2026-10-22)

Top-5 voting power, largest vote

—no source

Voter-level ballot records are required to compute concentration and are not yet available.

public/data/governance/ratification-votes.json (2026-09-17)

Independent share of CAB

0.0%up to 93.8% if undisclosed members are independent

Confirmed share counts only members with a disclosed independent status; the ceiling additionally counts every member whose affiliation is undisclosed.

Based on 1 of 16 members with any disclosed affiliation (6%).

CabGroupMember · public/data/governance/cab-members.json (2026-09-17)

Largest SOIF revenue source

—no source

No SOIF revenue figures are recorded. This metric has no source in the platform or any connected API and must be entered from published SOIF financials.

public/data/governance/soif-revenue.json (2026-09-17)

2Proposal pipeline

Stage entries per year, how long proposals sit at each stage, and which have been open long enough to need an explanation.

20250 exited · 31 open at year end

  • Draft1
  • Recommended1

20269 exited · 34 open at year end

  • Draft2
  • CAB review7
  • Accepted2
  • Recommended1
  • Ratified8
  • Rejected1
  • CabVotingOpen2
Active in window
38
Median days open
707.5
Aging (> 2 quarters)
26
Quiet 180+ days
23

Based on 35 of 65 SIPs with a dated stage timeline (54%).

Aging proposals

SIPTitleStageDays openLast activityQuiet daysReason open
sip-pr-241SIP-000-1: Stacks Improvement Proposal ProcessDraft23192020-06-232320not recorded
sip-pr-10SIP - Catastrophic blockchain failures and recoveryDraft20892023-09-221134not recorded
sip-pr-32SIP - Contract Documentation StandardDraft19112024-07-09843not recorded
sip-pr-50SIP for Authentication ProtocolDraft18052022-08-071545not recorded
sip-pr-62SIP for AppchainsDraft16772022-06-091604not recorded
sip-pr-66SIP: Use PoX for fuelling Bitcoin developmentDraft16412022-05-161628not recorded
sip-pr-70Sign-in with stacksDraft16252025-06-13504not recorded
sip-011SIP-011: The buy-in-ustx Standard for non-custodial Marketplace traitsDraft13982023-03-201320not recorded
sip-pr-120SIP The Generalized Standard for non-custodial Marketplace traitsDraft13882025-10-16379not recorded
sip-pr-150SIP: Standard URI Definition for Bitcoin Ordinal InscriptionsDraft11802023-09-111145not recorded
sip-pr-153Sip 026 - Clarity DeFi Vault SIPDraft11482023-11-101085not recorded
sip-pr-156SIP: Nakamoto sBTCDraft11272024-03-21953not recorded
sip-030SIP-030: Definition of a Modern Stacks Wallet Interface StandardRecommended11152026-01-16287not recorded
sip-pr-176SIP: Optimistic Dispatch and Execution Plan CommitmentDraft9542026-01-09294not recorded
sip-pr-202Stacks Pay: A Payment Request Standard for Stacks Blockchain PaymentsDraft7652026-02-05267not recorded
sip-pr-203SIP-03x: Fix `burn-block-height` in `at-block`Draft6932024-12-05694not recorded
sip-pr-204Liquidity Pool SIPDraft6742025-11-28336not recorded
sip-xxxSIP-XXX: Encrypted NFTs — Standard Trait for Commitment-Based Private LayersDraft6662025-01-01667not recorded
sip-xxx-agentSIP-XXX: Agent Registries / ERC-8004 on StacksDraft6662025-01-01667not recorded
sip-03xSIP-03X: BTC Addresses for Stacks TransactionsCAB Review6132026-06-29123not recorded
sip-032SIP-032: Improved Stacking ProtocolDraft5762026-04-14199not recorded
sip-036SIP-036: BTC Addresses for Stacks TransactionsDraft5152026-02-11261not recorded
sip-037SIP-037: Standard for Multi-Party Agent CoordinationDraft3352026-02-24248not recorded
sip-041SIP-041: Standard Trait Definition for Agent RegistriesDraft3012026-02-24248not recorded
sip-038SIP-038: Standard Trait Definition for Commitment-Based Private Metadata (Encrypted NFTs)Draft2922026-06-08144not recorded
sip-043SIP-043: Identicons for ContractsDraft1982026-06-08144not recorded

3Ratification vote participation

Turnout against eligible stacked STX, and whether any single voter was decisive.

Not enough votes to plot a turnout trend

1 of 2 votes in the period have both a weight cast and a resolvable eligible-stacked figure. A trend line is withheld below 3 points, because two observations cannot show a direction. The figures are tabulated below.

SIPVote dateResultWeight castTurnoutVoters
sip-045—Passed181,488,510 STX——
sip-0442026-07-22Passed161,443,322 STX27.7%—

Decisive-entity test

The decisive-entity test cannot be run

This test removes the largest voting entity and recomputes the outcome, which needs individual ballot rows with their direction. The published audits carry aggregate tallies only, so no vote in this period can be tested. Populate voters[] in ratification-votes.json from the ballot.gg export to enable it.

4Signer and stacking distribution

Signing weight concentration at each year's reference cycle, and the protocol changes that make the two years not directly comparable.

PoX-5 (Epoch 4.0) activated mid-2026

Stacks epoch 4.0 and the pox-5 contract took effect at reward cycle 140 (2026-07-28), between the 2025 and 2026 year-end observations. Signer count fell from 35 in cycle 139 to 25 in cycle 140, and stacked STX from 552.4M to 446.9M, across that single boundary. Year-over-year signer and stacking figures therefore span a protocol change and are not like-for-like.

2026 is a partial year

This report was generated on 2026-09-17, so every 2026 figure is year-to-date rather than year-end. The latest observed reward cycle is 143 (started 2026-09-09); the 2025 comparison uses cycle 125 (started 2025-12-18), the last cycle of that completed year.

Solo/pooled stacker counts are not yet populated for the current cycle

Hiro reports per-signer solo and pooled stacker counts for 34 of 36 signers in cycle 125 (7 solo, 9,318 pooled), but for only 1 of 29 signers in cycle 143. The self-custody versus pooled split is therefore reported for 2025 and shown as a gap for 2026 rather than as a collapse to zero.

2025cycle 125 · 2025-12-18

year end
Active signers
36
Top-5 signer share
47.2%
Distinct operators
—no source
Stacked
595.4M STX
  • SP1MNX…DA1112.6%
  • SP1EZ3…HT5D10.1%
  • SPS1NG…J63Z8.2%
  • SP3B30…RPRW8.1%
  • SP1V5J…WN0E8.1%
  • SP3WEK…8T7S8.1%
  • SP3HAE…0PAD6.8%
  • SP18HC…F9QY5.7%
  • SP2JMM…J0ES4.6%
  • SP25FZ…D5232.8%
  • SPHN2H…4W8X2.4%
  • SP34SB…K2G71.7%

Top 5 highlighted; showing 12 of 36 signers.

2026cycle 143 · 2026-09-09

year to date
Active signers
29
Top-5 signer share
66.7%
Distinct operators
—no source
Stacked
441.5M STX
  • SP2JFF…P1KB19.4%
  • SP3TGC…B0A116.1%
  • SP0D0P…AA3M16.1%
  • SP2JMM…J0ES10.6%
  • SP2B8K…7NK24.3%
  • SP17Q5…TGHN3.8%
  • SP1AD0…W15Y3.5%
  • SPTY3C…2NMS2.7%
  • SP3PQ7…DHHK2.6%
  • SP19DB…BZ4D2.6%
  • SP893M…BJ612.6%
  • SP64KX…S2NM2.6%

Top 5 highlighted; showing 12 of 29 signers.

PoX contract SP000000000000000000002Q6VF78.pox-5 · activated cycle 140 (2026-07-28) · latest stored cycle 146 (2026-10-22)

5CAB composition and conduct

Who sits on the advisory boards, what they have disclosed, and how promptly reviews are completed.

Members at year end
16
Affiliation disclosed
6%
Reviews completed
24
Median review days
1

Composition and affiliation disclosure

MemberCAB groupRoleJoinedStated affiliationIndependenceSourceRecusals
lshimmyEconomicsMember2026-07-02*none statedUndisclosed—0
MattyEconomicsMember2026-07-06*none statedUndisclosed—0
DefipoetEconomicsMember2026-07-09*none statedUndisclosed—0
XanEconomicsAdmin2026-07-01*none statedUndisclosed—0
FriedgerTechnicalMember2026-06-29*none statedUndisclosed—0
j2p2TechnicalMember2026-06-29*none statedUndisclosed—0
RadoneTechnicalMember2026-07-01*none statedUndisclosed—0
setzeusTechnicalMember2026-07-03*none statedUndisclosed—0
Aaron (Stacks Labs)TechnicalMember2026-07-08*Stacks LabsStacks Labs affiliatedSelf-declared in the platform display name0
brice.btcTechnicalMember2026-06-29*none statedUndisclosed—0
Jesse WileyTechnicalMember2026-10-08*none statedUndisclosed—0
PeaceLoveMusic.btcGovernanceMember2026-07-01*none statedUndisclosed—0
whoabuddyGovernanceMember2026-07-01*none statedUndisclosed—0
OrlandoGovernanceMember2026-07-01*none statedUndisclosed—0
HaroldGovernanceMember2026-07-01*none statedUndisclosed—0
ZeroGovernanceMember2026-06-06*none statedUndisclosed—0

* Join date is the platform roster creation date, not a reviewed join date.

Reviews

SIPCAB groupAssignedCompletedDaysStatusVotes / eligible
sip-042Governance2026-03-102026-03-111Closed6 / 6
sip-040Governance2026-03-102026-03-111Closed6 / 6
sip-039Governance2026-03-102026-03-111Closed6 / 6
sip-idea-02Governance2026-04-032026-04-030Closed0 / 2
sip-idea-02Governance2026-04-032026-04-030Closed0 / 2
sip-idea-02Governance2026-04-042026-04-2622Closed1 / 2
sip-idea-03Governance2026-04-262026-04-260Closed1 / 2
sip-idea-02Governance2026-04-262026-04-260Closed1 / 2
sip-idea-04Governance2026-04-262026-04-260Closed1 / 2
sip-idea-01Governance2026-05-012026-05-010Closed1 / 2
sip-03xGovernance2026-05-282026-05-280Closed1 / 2
sip-03xGovernance2026-05-282026-05-280Closed1 / 2
sip-03xGovernance2026-06-012026-06-054Closed2 / 2
sip-03xGovernance2026-06-112026-06-2918Closed0 / 6
sip-045Governance2026-06-292026-06-301Closed0 / 6
sip-044Governance2026-06-302026-07-088Withdrawn0 / 6
sip-045Governance2026-07-012026-07-109Closed5 / 6
sip-044Economics2026-07-012026-07-087Withdrawn0 / 0
sip-044Technical2026-07-012026-07-109Closed6 / 3
sip-045Economics2026-07-012026-07-109Closed4 / 0
sip-045Technical2026-07-012026-07-109Closed6 / 3
sip-idea-02Governance2026-07-012026-07-010Closed0 / 6
sip-idea-02Economics2026-07-012026-07-010Closed0 / 1
sip-idea-02Technical2026-07-012026-07-010Closed0 / 3

6Repo closed PRs (stacksgov/sips)

PRs closed in the stacksgov/sips repository by calendar year. 2025 is from the curated Summary sheet; 2026 is year-to-date from GitHub (categories by title heuristic).

2025

Total closed PRs

36

PRs closed in 2025 (merged + closed without merging).

public/data/governance/closed-prs.json (2026-10-02)

Merged

32

PRs merged in 2025.

public/data/governance/closed-prs.json (2026-10-02)

Closed without merging

4

PRs closed without merging in 2025.

public/data/governance/closed-prs.json (2026-10-02)

Merge rate

88.9%

Merged ÷ total closed × 100.

public/data/governance/closed-prs.json (2026-10-02)

By category

CategoryCountMergedClosed unmerged
SIP proposal862
Voting & ratification550
CAB minutes & sign-offs11110
Roster & editors651
Docs & templates651

public/data/governance/closed-prs.json (2026-10-02)

By month closed

MonthCountMergedClosed unmerged
2025-01110
2025-02110
2025-03330
2025-04202
2025-06220
2025-07110
2025-09651
2025-1014131
2025-11660

public/data/governance/closed-prs.json (2026-10-02)

By author

AuthorCountMergedClosed unmerged
Hero-Gamer15141
whoabuddy550
obycode330
jcnelson220
jiga220
friedger202
wileyj220
andrerserrano110
mattyTokenomics110
cuevasm110
aaronb-stacks101
314159265359879110

public/data/governance/closed-prs.json (2026-10-02)

2026

Total closed PRs

33

PRs closed in 2026 (merged + closed without merging).

public/data/governance/closed-prs.json (2026-10-02)

Merged

25

PRs merged in 2026.

public/data/governance/closed-prs.json (2026-10-02)

Closed without merging

8

PRs closed without merging in 2026.

public/data/governance/closed-prs.json (2026-10-02)

Merge rate

75.8%

Merged ÷ total closed × 100.

public/data/governance/closed-prs.json (2026-10-02)

By category

CategoryCountMergedClosed unmerged
SIP proposal1486
Voting & ratification770
Docs & templates642
CAB minutes & sign-offs440
Roster & editors220

public/data/governance/closed-prs.json (2026-10-02)

By month closed

MonthCountMergedClosed unmerged
2026-01211
2026-02752
2026-03321
2026-04101
2026-05110
2026-06330
2026-071183
2026-08330
2026-09220

public/data/governance/closed-prs.json (2026-10-02)

By author

AuthorCountMergedClosed unmerged
brice-stacks990
wileyj651
clairetopalian330
adriano-stacks220
314159265359879110
Hero-Gamer101
drQedwards101
francesco-stacks110
friedger101
giwaov101
janniks110
jbencin101
jbencin-stacks110
proofofgame110
radubahmata101
rafaelcr110
whoabuddy101

public/data/governance/closed-prs.json (2026-10-02)