Editor's Note: This article comes fromBlock beats BlockBeats (ID: BlockBeats), reprinted by Odaily with authorization.

Editor's Note: This article comes from

Block beats BlockBeats (ID: BlockBeats)

, reprinted by Odaily with authorization.

I don’t know if you have made a lot of money in DeFi and farm, but if you pay attention to the news, you will definitely be confused by various proposals and contents of Sushi, YFI, YAM, CRV and other projects, and you can’t remember the specifics. Timing or content details should be the norm.

If you want to track the recent status of community governance of new DeFi projects in real time, Rhythm BlockBeats suggests that you need to know about Snapshot at this time. For ordinary investors, this is a tool that is convenient for you to find the time and content of various important proposals, and participate in the governance of projects with tokens; for project parties and communities, Snapshot can greatly simplify the process of community governance and reduce complexity degree, and increase community enthusiasm and engagement.

What are Snapshots?https://signal.curve.fi/#/curve）。

According to Rhythm BlockBeats, Snapshot is an aggregated governance platform that provides community proposal voting for ERC20 tokens. It was developed by the Balancer team and launched in August this year. As an off-chain governance tool, users use Snapshot for signature voting and community proposals without consuming GAS fees. Different from Aragon's full coverage from creation to governance, Snapshot currently only provides two functions of proposal and voting. It is more inclined to be a platform tool for governance voting, rather than a tool that provides construction, governance voting, pledge, chain court, etc. A platform for complex functions.

The current version does not support the list of all projects. Currently, some projects with high community participation are displayed, and some projects require users to manually enter the suffix to display. In this regard, Rhythm BlockBeats learned that the project party stated that through subsequent upgrades, it will be possible to search the interface of all projects and proposals.

In addition, as an open source project, Snapshot does not object to other projects copying code and starting from scratch. Curve created a new proprietary governance website (

What can Snapshots do?

Up to now, Rhythm BlockBeats found that Snapshot has been connected to year.finance (YFI), Yam Finance (YAM), Balancer (BAL), Sushi (SUSHI), Swerve Finance (SWRV), DFI.money (YFII) and other popular projects.

As an off-chain governance tool, users use Snapshot for signature voting and community proposals without consuming GAS. The corresponding number of tokens in the user's bound wallet determines the voting weight. According to the Ethereum block snapshot, proposals and votes are signed messages stored on IPFS.

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The upper right corner displays information such as the voting token name, start and end dates, IPFS, and snapshots at the time of release, and the bottom is the current voting data

In addition to voting, users can also initiate community proposals. Rhythm BlockBeats observed that the Snapshot proposal interface provides custom voting styles and proposal-related rules. It is also free for users to create proposals without transaction.

For project parties who expect the community to participate in governance voting, it is a wise choice for the project party to find a convenient and quick tool to serve community governance. At the bottom of the Snapshot home page, the project party can choose Create space to communicate with the team and upload the corresponding materials. The project can easily access the platform for free to create project management space, custom skin and unique domain name. In the current version, active community governance interactions on Snapshot will be placed on the homepage.

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Snapshot and Aragon

Compared with Aragon, which provides DAOs built on its platform with various functions such as formulating rules and regulations, voting, budgeting, fund custody and use, Snapshot is only an off-chain aggregation platform that provides governance proposals and voting, but because it has no The simple design of staking and off-chain voting without consumption creates great possibilities for users to use it on a large scale. For example, the recent popular Sushi multi-sig election votes, YAM migration votes, and many YFI votes are all conducted through Snapshots. There is no doubt that this will cultivate a large number of users for community governance.https://snapshot.page/#/

In addition, according to Rhythm BlockBeats, the Snapshot team made it clear when responding to questions from community members that they would not issue IC0s or issue coins. At the same time, the team is not stingy about making the project completely open source for use by project forks that require community governance.https://docs.snapshot.page/

The role of Snapshot to DeFi is like Metsmask to Ethereum. As more and more projects incorporate community governance into the project operation from the very beginning, more and more people will realize that the convenient community Governance tools are also an indispensable part of enhancing creativity and stimulating industry development.https://twitter.com/SnapshotLabs