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teleo-codex/entities/internet-finance/snapshot.md
m3taversal 1fef01b163 fix: prefix 543 broken wiki-links with maps/ directory 
13 map file targets were linked as bare names ([[livingip overview]])
but files live at maps/. Script walks all claim files outside maps/
and prefixes with maps/ path. 351 files modified, zero remaining
bare instances, zero double-prefixes.

Co-Authored-By: Claude Opus 4.6 (1M context) <noreply@anthropic.com>
2026-04-21 14:54:41 +01:00

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type entity_type name domain handles website status tracked_by created last_updated founded category stage key_metrics competitors built_on tags
entity company Snapshot internet-finance
@SnapshotLabs
https://snapshot.org active rio 2026-03-11 2026-03-11 2020-01-01 Off-chain DAO voting platform mature
dao_count total_votes_cast pricing
10,000+ Millions Free
tally
metadao
Ethereum
Multi-chain
governance
token-voting
dao-tooling

Snapshot

Overview

Free off-chain voting platform. The default governance tool for DAOs — over 10,000 DAOs use Snapshot for token-weighted voting on proposals. Off-chain execution (votes are gasless, recorded on IPFS). Widely adopted because it's free and frictionless, but off-chain results are non-binding unless paired with execution layers.

Current State

  • Adoption: 10,000+ DAOs, including most major DeFi protocols
  • Mechanism: Token-weighted voting, off-chain (gasless). Results stored on IPFS.
  • Pricing: Free — no fees for creating spaces or running votes
  • Limitation: Off-chain = non-binding. Requires trust that multisig holders will execute vote results. No onchain enforcement.

Competitive Position

  • Dominant incumbent in DAO voting. Network effects + free pricing = high adoption inertia.
  • vs MetaDAO/futarchy: Fundamentally different mechanism — Snapshot uses voting (legitimacy-based), MetaDAO uses markets (information-based). Not direct competition today, but if futarchy proves superior for capital allocation decisions, Snapshot's governance model becomes the "legacy" approach.
  • vs Tally: Tally does onchain voting (binding execution). Snapshot does off-chain (non-binding). Different trade-offs: Snapshot is cheaper/easier, Tally is more secure.
  • Moat: Network effects + free = strong adoption inertia. But switching costs are actually low — DAOs can migrate governance tools without changing anything else.

Investment Thesis

Snapshot is the token voting incumbent. If DAO governance evolves toward market-based mechanisms (futarchy) or founder-led hybrid models, Snapshot's relevance diminishes for high-stakes decisions. But for low-stakes community polling and signaling, Snapshot likely persists indefinitely. The question: does governance converge on Snapshot's model or evolve past it?

Thesis status: WATCHING — incumbent under structural pressure from governance evolution

Relationship to KB

Relevant Entities:

  • tally — onchain voting alternative
  • metadao — market-based governance alternative

Topics: