Everything you need to know about Snapshot!


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 malicious users moving their tokens to vote 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 proposals, you need to adhere to the following:

  • Hold the veDFX token. [Prior to the vote being published on snapshot]

When a vote is live and ready to be voted on, click on the proposal on the DFX Snapshot page, scroll to the voting section, and cast your vote. Since the votes are done off-chain, you will not be charged whenever confirming your vote tx.

Additional Resources

If you would like to learn more or want to use Snapshot for your own personal use, you can check out their docs page below.

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