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Governance voting platform Snapshot has announced the launch of Snapshot X, a new onchain voting protocol.
The new protocol will be launched on the layer-2 network Starknet and leverage the technology of “storage proofs” from Herodotus, a middleware blockchain infrastructure company.
Snapshot said in the announcement that 96% of DAOs use its platform for preliminary offchain voting, sometimes referred to as a “temperature check.”
By voting off-chain, token holders can skirt the high gas fees of the Ethereum layer-1 while signaling their early positions on key governance issues. However, votes are typically considered finalized only after an onchain vote is concluded with a…
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