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Snapshot Labs
Snapshot is a voting platform that enables DAOs, DeFi protocols, and NFT communities to conduct gas-free voting. It offers customizable voting power calculations, various voting mechanisms, and proposal validation, all through an off-chain, multi-governance client with easily verifiable results.
Distributed
Description
Snapshot is a voting platform that allows DAOs, DeFi protocols, or NFT communities to vote easily and without gas fees. The tool allows high customization of the voting process to cater to the diverse needs of the users and organizations. Customization includes different aspects like calculation of the users' voting power, selection of the voting mechanism, proposal and vote validation, and many more. In short, Snapshot is an off-chain gasless multi-governance client which results are easy to verify and hard to contest. Snapshot’s protocol involves three core elements: spaces, proposals, and votes. A space functions like an organization’s profile, and every proposal and vote is tied to that space. To create a space, the only requirement is to have an ENS domain. Once a space is set up, users can submit proposals and cast their votes on the space’s page. Administrators of the space can tailor the rules for creating proposals and voting by configuring various voting and validation strategies. For instance, a space might require users to hold a minimum of 500 tokens to create a proposal, or it might assign voting power proportionally to the token balance in a user’s wallet.Grant Funding
VC Funding
OP
2021
$1.1M
$4M