Snapshot X Launched: Gas-Free Voting Powered by Starknet Technology

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Snapshot X Announcement
  2. Snapshot X Technology and Features
  3. First Vote on Snapshot X


    4. Snapshot X, a governance platform for decentralized autonomous organizations (DAOs), has officially launched. This new Layer 2-based protocol enables onchain voting without high fees. Powered by Starknet’s roll-up technology, it aims to improve the voting process in blockchain projects.

    Snapshot X Announcement

    Snapshot X, a governance platform for DAOs, enables gas-free voting. Developed by Snapshot Labs, this Layer 2 protocol leverages Starknet's roll-up technology to simplify and reduce the costs of voting in blockchain projects, avoiding traditional expenses and complexities.

    Snapshot X Technology and Features

    Snapshot X uses scaling and storage proofs from StarkWare, the main developer of Starknet. This technology allows secure voting across different blockchains without the need to transfer tokens or rely on third-party intermediaries. Storage proofs ensure cryptographic verification of user assets, guaranteeing secure and tamper-proof voting processes.

    First Vote on Snapshot X

    The first vote on Snapshot X will take place from September 10-13, where Starknet community members will decide on a staking proposal. Voting will take place on the Starknet Governance Hub through a custom-built interface, marking the protocol’s debut in live governance.

    For the first time, DAOs can offer free onchain voting to their communities, promoting greater inclusivity and participation in decentralized decision-making.Jeremy Musighi, COO of Snapshot Labs

    The launch of Snapshot X marks a significant step toward improving DAO governance and decentralized decision-making. Leveraging Starknet technology, the platform offers secure, efficient, and free voting, making it an appealing tool for various blockchain projects.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Aave Launches V4s Equities Hub for Non-US Investors

Aave has launched its V4s Equities Hub, allowing eligible non-US investors to borrow USDC against selected tokenized US equities.

user avatarSatoshi Nakamura

Polygon Labs Launches New Payment Controls for AI-Agent Transactions

Polygon Labs has launched new payment controls for AI-agent transactions, allowing automated agents to make purchases within defined parameters while managing associated risks.

user avatarRajesh Kumar

Polygon Labs Highlights Risks in Automated Payment Systems

Polygon Labs highlights the complexities and risks in automated payment systems, emphasizing the need for audit trails and compliance measures.

user avatarJesper Sørensen

Tokenized Asset Compliance Faces Practical Challenges

The announcement from Further Asset Management highlights significant challenges in the practical implementation and legal interpretation of compliance rules for tokenized assets.

user avatarLucas Weissmann

Chainlink Introduces CustodySync to Enhance Institutional Lending

Chainlink has launched CustodySync in collaboration with Anchorage Digital to synchronize information between custodians and decentralized lending protocols, facilitating institutional borrowing while ensuring compliance with custody regulations.

user avatarFilippo Romano

Uniswap Developer Analytics: A New Tool for Enhanced User Engagement

Uniswap Labs has launched Developer Analytics, a new feature for developers to analyze requests, error counts, and transaction volumes, aimed at improving user retention and overall developer experience.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.