Snapshot to launch onchain voting on Starknet

The new Snapshot X protocol uses storage proofs to enable voting without needing to bridge

article-image

Snapshot and Adobe Stock modified by Blockworks

share

Governance voting platform Snapshot has announced the launch of Snapshot X, a new onchain voting protocol.

The new protocol will be launched on the layer-2 network Starknet and leverage the technology of “storage proofs” from Herodotus, a middleware blockchain infrastructure company.

Snapshot said in the announcement that 96% of DAOs use its platform for offchain voting.

By voting off-chain, token holders can skirt the high gas fees of the Ethereum layer-1 while signaling their early positions on key governance issues. However, votes are typically considered finalized only after an onchain vote is concluded with a separate voting platform like Tally.

In an effort to bring DAO voting onchain cheaply, the new Snapshot protocol will leverage storage proofs to verify token holdership on Ethereum layer-1 before enabling votes onchain from Starknet.

Read more: DAO behind Mango Markets votes for SEC settlement

Thanks to Starknet’s support of native Ethereum cryptographic signatures, Snapshot X abstracts the use of the zk-powered layer-2 on the backend. This enables the use of popular EVM wallets like MetaMask on Snapshot X without requiring users to separately onboard to Starknet.

Like the original Snapshot protocol, Snapshot X will also be programmable and allow for different governance coordination mechanisms.

These include the various features that DAOs have historically used in governance like NFT voting, gasless signature voting, permissioned/whitelisted proposal creation and time-locked execution.

“Essentially, the point of Snapshot X is unstoppable onchain governance,” Snapshot Labs Chief Operating Officer Jeremy Musighi told Blockworks. 

Snapshot Labs first raised $4 million in November 2021 in a round led by 1kx venture fund.

Updated September 10, 2024 at 12:19 pm ET: Clarified Snapshot’s announcement.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

🚀 Build What’s Next — Permissionless IV Hackathon Join us June 22–23 in Brooklyn for the Permissionless IV Hackathon — a 36-hour sprint hosted by Cracked Labs and Blockworks where top builders turn ideas into real products. Come to launch, not just […]

recent research

Research Report Templates (10).png

Research

Kamino has evolved into a full-stack asset scaling suite with V2: unlocking new markets, improving capital efficiency, and catering to various risk profiles. We believe it is best positioned to become the credit backbone of Solana as the ecosystem matures. Simply put, KMNO remains our highest-conviction bet in the Solana ecosystem. This report lays out our thesis.

article-image

Where do crypto mobile games go from here?

article-image

Bybit’s Byreal, Binance Alpha and Coinbase’s DEX integrations

article-image

This isn’t the worst hack to ever hit Mt. Gox, but it could be the most entertaining

article-image

Crossover’s CEO discusses institutional interest and how over-the-counter (OTC) trading has picked up in crypto

article-image

Sponsored

This collaboration signifies a major leap forward in expanding the reach and utility of Web3 gaming within the vibrant Asian market

article-image

Asymmetric information is threatening crypto the same way it once threatened equities. Disclosure might be the fix.