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

2024-09-09 17:44:12

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ChainCatcher news, the decentralized autonomous organization (DAO) governance platform Snapshot X has officially launched. This platform introduces a new protocol based on Layer 2, achieving zero Gas fee on-chain voting for DAOs through Starknet's rollup technology.

Jeremy Musighi, COO of Snapshot Labs, stated that this is a turning point for on-chain governance, enabling DAOs to provide free on-chain voting for the community for the first time, thereby increasing participation in decision-making.

Snapshot X utilizes 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 leverages the transaction relayer Mana, allowing users to sign votes with their Ethereum wallets and then relay the votes to the Starknet network.

To demonstrate its capabilities, Snapshot X will first conduct a governance vote on a new staking proposal within the Starknet community.

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Snapshot X Starknet Mana

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