Snapshot Briefing Document
-- PRE-CALL CHECKLIST ---
General Discovery
Researched by: Jaris James
About the event
- Project: Snapshot
- Guests: Nathan VDH | https://twitter.com/NathanVDH0x | NathanVDH ⚡#5647
- Role: Ecosystem Lead
- Topic: Digital Governance
- Event schedule: 05/24/2022
- NOT FINANCIAL ADVICE
About our guest speaker
- Include guest name(s); try to include name pronunciation.
- Nathan (Ecosystem Lead)
- Write a short bio about the guest(s) including their role at the project they are speaking about.
- Find one or two things that are unique or interesting about our guest. Little known facts are great! i.e. owns two Shiba Inus in real life so bought a lot of SHIB.
- Worked in Political Philosophy. Got into journalism in 2019, that’s where he discovered Snapshot.
- Describe their crypto journey thus far. i.e. graduated from college in 2016, got their first bitcoin as a graduation gift, fell down the rabbithole of Ethereum, launched a DeFi protocol in 2020.
- Interested in decentralization. Saw the blockchain as a public good. Ethereum is liberating, discovered in 2019. Complete independence, decentralizes power. Community owned.
- How has their crypto journey impacted their decision to join/launch the project they work on today?
- Discovery of decentralized processes. Inclusion. Decentralized organizations makes better decisions. Community alignment is extremely important. Give the community a larger voice.
- What are some notable achievements that increase their web3 reputation?
- Recently received the airdrop from Optimism. Participates in governance all over the blockchain. (airdrops)
About the project
- What is the general positioning of the project? i.e. DeFi, NFTs, DAOs, governance.
- Governance. DAO coming soon.
- What is the value proposition of the project? How does it clearly differentiate itself from others in the web3 space?
- Voting mechanism is offchain. Free voting.
- How does it benefit it community members and general web3 communities at large?
- Gives community a voice, a place to organize, inclusive
- Is it bridging blockchains, protocols, tools, communities, etc.?
- Snapshot X will be onchain on Starknet. A few cents per vote. Orange Protocol.
- Does it bring a unique vision or approach to solve challenges in web3?
- Flexibility and accessibility. (free). Governance must be accessible. (Participation)
- How does it improve the web3 ecosystem?
- info above. Encourages decentralization and community participation.
- Generally, how does the product work?
- Provide basic information about the product
- Snapshot is a decentralized voting system. It provides flexibility on how voting power is calculated for a vote. Snapshot supports various voting types to cater to the needs of organizations. Creating proposals and voting on Snapshot is user-friendly and does not cost gas as the process is performed off-chain.
- Details of product stemming off high level overview
- In short, Snapshot is an off-chain gasless multi-governance client with easy to verify and hard to contest results.
- Outline a few mid to high-level topics about the product
- Results of the product so far
- Offchain voting. 20,000 votes per day, about 500 proposals per day.
Free (gasless) to create proposals and vote on them
Votes are signed messages easily verifiable online
Multiple voting systems - Single choice, Approval voting, Quadratic voting, and more
Flexible voting strategies to calculate voting results - vote with ERC20s, NFTs, other contracts, and more
Spaces can have their branding with custom color schemes and domain name
Fully open-source with MIT license
- Practical applications of product.
- Detail current functionality of project, where it is deployed, TVL.
- offchain. Starknet soon.
- Current and potential use cases.
- Voter authenticity
- Outline steps for a beginner to get started.
- Token economy.
- N/A
- Any recent, meaningful updates to the project.
- Snapshot X, coming soon. Mobile app (2 months).
- Roadmap/future applications
- Technical updates
- info above
- Community updates or changes
- N/A
About the ecosystem
- Find one or two things the speaker has shared in the past about the future growth, impact of web3?
- web3 is infrastructure. Social Consensus. More trustless. Blockchain technology will improve the way we do things (coordination). Change the way that corporations are run.
- How will their project(s) contribute to the evolution and adoption of web3?
- Proving a safe space to vote and participate in web
- What are some web3 projects/tools that the project integrates to create a more robust ecosystem?
- Decentralizing Snapshot. Too many areas are centralized. Needs to be immutable, and censorship resistant. (Starknet).
Anything else?
Resources
References
- NathanVDH ⚡#5647
Sources
- Call w| Nathan