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Snapshot X is officially released, enabling zero-gas on-chain voting through Starknet

CointimeCointime2024/09/09 10:57
By:Cointime

DAO governance platform Snapshot X has officially launched. The platform has introduced a new Layer 2 protocol that enables zero gas fee on-chain voting for DAOs through Starknet's rollup technology. Jeremy Musighi, COO of Snapshot Labs, said that this is a turning point for on-chain governance, as it is the first time that DAOs can provide free on-chain voting for the community, increasing decision-making participation. Snapshot X uses STARK scaling technology and storage proofs to achieve cross-chain secure voting without the need to transfer tokens or pay gas fees. The system also uses a transaction relay Mana to allow users to sign votes with their Ethereum wallets and then relay the votes to the Starknet network. To demonstrate its functionality, Snapshot X will first conduct a governance vote on a new staking proposal within the Starknet community.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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