TechFlow News – The decentralized autonomous organization (DAO) governance platform Snapshot X has officially launched. The platform introduces a new Layer 2 protocol leveraging Starknet's rollup technology to enable gasless on-chain voting for DAOs.
Jeremy Musighi, COO of Snapshot Labs, called this a turning point for on-chain governance, marking the first time DAOs can offer free on-chain voting to their communities, significantly improving participation in decision-making.
Snapshot X utilizes STARK scaling technology and proof of custody to enable cross-chain secure voting without requiring token transfers or gas payments. The system also leverages the transaction relayer Mana, allowing users to sign votes with their Ethereum wallets, which are then relayed to the Starknet network.
To demonstrate its capabilities, Snapshot X will first facilitate a governance vote within the Starknet community regarding a new staking proposal.
