A Snapshot is a decentralized voting system that provides flexibility on how voting power is calculated for a vote. Snapshot supports various voting types to cater to the needs of different organizations. Creating proposals and voting on Snapshot is user-friendly and does not require gas fees as the process is performed off-chain.
Advantages Of Using Snapshot
Snapshots provide a multitude of benefits for decentralized communities. These include, but are not limited to, features such as:
- Anyone can create a proposal and allow community members to vote on it. No gas fee required
- Votes are signed messages; they can't be duplicated and are easily verified online
- Multiple voting systems - single choice, approval voting, quadratic voting, and more
- Flexible voting strategies to calculate voting results - you can vote with ERC20s, NFTs, other contracts
- Open-source with MIT license
Additional Info
If you'd like to learn more about Snapshots and their role within governance as a whole, please check out these additional sources and articles:
Sushi's official snapshot page can be found here.
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