Voting

oSNAP - SnapShot Execution by Contract vs MultiSig

By inalittlewhile | inalittlewhile | 1 Mar 2023


Does your project use #snapshot for governance? If not, how does it execute online transaction that have met quorum with a passing #vote? The Reality.eth module has worked ok to date, but a known attack vector exists in an escalation game if the vote is disputed. Another limitation is the use of a MultiSig to execute passing acts of #governance. If your protocol has ever had concern about either of these topics, you'd do well to check out #oSnap.

Powered by #UMA, oSnap allows for execution via contract instead of a MultiSig. Any disputes would trigger the UMA DVM (Data Verification Mechanism), and be put before UMA token holders for a single escalation vote. Read more about oSnap on Medium. https://medium.com/uma-project/announcing-osnap-gasless-snapshot-voting-with-on-chain-execution-

 

Cross-posted by yours truly to

https://lenster.xyz/posts/0x652c-0x1f

https://leofinance.io/@inalittlewhile/osnap-snapshot-voting-by-contract-vs-multisig

Feature Image Courtsy of Pixabay.com

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inalittlewhile
inalittlewhile

I'm an avid blogger on HIVE as well as on my own WordPress affilate website.


inalittlewhile
inalittlewhile

Exploring DeFi, Web3, and sharing alpha along the way

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