Snapshot

Snapshot

• Site: https://snapshot.box/#/

• Heading: Turn chaos to consensus

• consensus: noun: An opinion or position reached by a group as a whole

The governance stack for your organization

So, this platform will be used for some organization to have governance within.

• Everything DAOs need to make better decisions together
• Decentralized Autonomous Organizations

Snapshot docs

• Site: https://docs.snapshot.box/

What is Snapshot?

• Snapshot is a
  • voting platform that allows
    • DAOs,
    • DeFi protocols,
    • 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,
  • In short, Snapshot is an off-chain gasless multi-governance client which results are easy to verify and hard to contest.

How does it work?

• Snapshot’s protocol involves three core elements:
  • spaces,
  • proposals,
  • 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.

What is a space?

• Think of a space as an organization’s account on Snapshot which can be viewed by anyone visiting the platform.
• It serves as a hub for all proposals related to the organization and a source of information for the users.
• Moreover space allows its organization to manage the roles of organization members and customize the proposal and voting settings.

Here are some spaces you can explore: https://snapshot.box/#/explore?p=snapshot&c=all&n=all

You’ll need to login, maybe use Metamask.

What you can do now?

1. You can create a space for you DAO.
2. You can join any space.
   • If you join a space
     • you can now
       • Vote for the decisions made in that space of DAO

Like here:

• I have followed a Space called Boring Security
• Which has a proposal, APE Shoes
• 6 members agree with this
• I’ll have to read to agree of disagree.

A user is supposed to have some sort of power, access to vote.

2. Create a Space(DAO)

ENS names is required.

Domain name for Web3, get it from https://ens.domains/

For testing Snapshot has given testnet link: https://testnet.snapshot.box/#/create/snapshot-x

I guess this would be good if you have an organization and you want the governvance system for it. You can ask people to vote for the policies they want of they don’t.