GlossaryAdvanced
Snapshot Voting
Off-chain governance voting based on token holdings recorded at a specific past block.
Snapshot voting records eligible voting power based on token holdings at one specific past point in time (a "snapshot" block), then conducts the actual vote off-chain, avoiding the gas costs of a fully on-chain vote.
Because the vote itself is off-chain, executing an approved proposal's actual on-chain action generally still requires a separate step.
Examples
- A DAO might use snapshot voting to gauge community sentiment without the gas cost of an on-chain vote.
- Voting power in a snapshot vote is fixed at the chosen snapshot block, not continuously updated during voting.