Snapshot Labs provides a gasless, off-chain multi-governance tool that enables crypto projects to efficiently poll their user bases using over 400 customizable voting strategies. This platform addresses the challenge of high transaction fees and participation barriers in decentralized governance, facilitating broader community engagement and informed decision-making.
Funding
$4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
High transaction fees and technical complexities associated with on-chain voting mechanisms create barriers to participation in decentralized governance, limiting community involvement and potentially skewing decision-making processes. Many DAOs struggle to achieve broad representation and active engagement from their token holders.
Solution
Snapshot Labs offers a gasless, off-chain governance tool that enables DAOs and crypto projects to conduct polls and gauge community sentiment without incurring transaction costs. The platform supports over 400 customizable voting strategies, allowing organizations to tailor their governance systems to specific needs and tokenomics. By removing financial barriers and simplifying the voting process, Snapshot facilitates broader participation, more informed decision-making, and a more representative governance structure. The platform integrates with Discourse for community discussions and oSnap for on-chain execution of voting outcomes.
Target Audience
The primary target audience consists of DAOs, decentralized finance (DeFi) projects, and other crypto organizations seeking to improve community engagement and streamline their governance processes.
Features
- Gasless voting eliminates transaction fees and lowers participation barriers.
- Over 400 customizable voting strategies to calculate voting power based on tokens, staking, NFTs, and more.
- Support for multiple voting systems, including single choice, approval, weighted, and ranked choice voting.
- Discourse integration allows users to view and participate in community discussions directly within Snapshot.
- Delegates dashboard enables users to delegate voting power to trusted representatives.
- Shielded voting keeps voter choices confidential until voting ends.
- oSnap enables off-chain votes to trigger on-chain transactions.
- AI proposal summaries provide concise overviews of proposals.
- Whitelabeling options allow DAOs to customize the platform with their own branding.