Snapshot: The future of Governance

Snapshot is an off-chain voting platform that allows DAOs, DeFi protocols, and NFT communities to vote easily and without gas fees. Snapshot was founded in 2021 by Gnosis and has since become a popular choice for voting among the DeFi and DAO community.

Snapshot works by creating a snapshot of the state of a blockchain at a given time. This snapshot is then used to determine the outcome of a vote. Snapshot does not use a native token for voting, and votes are cast by locking tokens. Snapshot uses Chainlink oracles to ensure that the results of votes are accurate.

The use of Snapshot for governance on Optimism has several advantages. First, it makes the decision-making process more transparent and democratic. Second, it reduces the costs of voting, as users do not need to pay gas fees to cast their votes. Third, it makes it easier for users to participate in governance, as they do not need to have deep technical knowledge of Ethereum or Optimism. So the relationship between Optimism and Snapshot is a mutually beneficial one. Snapshot provides a secure and efficient platform for governance on Optimism, while Optimism provides Snapshot with a large and engaged user base.

Snapshot is a powerful tool that can help DAOs, DeFi protocols, and NFT communities to improve their decision-making process. Snapshot is affordable, secure, and easy to use, making it a great choice for any project that needs to hold votes.Aave, SushiSwap, Uniwap, MakerDAO, Compound, Yearn Finance and NFT marketplaces like OpenSea and Rarible , are some examples of projects that use Snapshot

Snapshot is a growing platform with a bright future. As more and more projects adopt decentralized governance, Snapshot is well-positioned to become the leading voting platform for the DeFi and DAO community.DAO, DeFi protocol, or NFT community they all needs to hold votes, Snapshot is a great choice. Snapshot is affordable, secure, and easy to use, making it the perfect platform for any project that needs to hold votes.They received 145698.5 OP from RetroPGF2 .With this award they aggressively added more communities. Also some airdrops used Snapshot votes as a airdrop multiplier.