Aragon and Balancer Partner to Work on Snapshot

Aragon and Balancer Partner to Work on Snapshot

By Abhimanyu Krishnan | News | 8 Oct 2020


Aragon (ANT) and Balancer have partnered to improve tokenholder polling tool Snapshot, according to a blog post published on October 6.

  • The Aragon team will work with Balancer and Snapshot creator Fabien Marino to add Aragon Agreements to the tool
  • By doing so, Aragon’s votes will be settled on-chain, with polling done off-chain; this is called “optimistic voting”
  • Aragon and Balancer will pledge $100,000 each of their respective tokens in a Balancer pool, which will be used for development and funding bounties
  • Snapshot off-chain voting is verifiable and tamper resistant; several high-profile protocol use the solution, like Aave (AAVE) and Yearn.finance (YFI)

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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