Snapshot is an off-chain, easy to use, gasless governance client with easy to verify and hard to contest results.
Snapshot derives its name from taking a "snapshot" of the Ethereum blockchain at a certain block number before voting opens. By having a fixed point in time, this eliminates the need to worry about moving tokens voting multiple times or someone using a flash loan to borrow a ton of voting power.
Eligibility/How to Vote
In order to be eligible to vote on Archimedes DAO proposals, you need to satisfy at least one of the following:
- Hold 1 veARCH token
- Have someone delegate their voting power to your address
When a vote opens, click on the proposal in the Archimedes Finance Space on Snapshot, scroll to the voting section, and cast your vote. Your wallet provider will ask you to sign a message don't worry, you won't be charged any gas and your veARCH will not leave your wallet.
If you're interested in learning more or want to use Snapshot for other projects, check out their documentation!