Snapshot Voting
What is the work being proposed?
The Rocket Pool community has exercised governance power through two voting platforms:
- Snapshot - for meta governance proposals
- Onchain Protocol - for proposals to change settings and direct treasury funds, these are raised/executed on the Rocket Pool protocol
Both voting systems use the same underlying strategy to determine vote power so they are equivalent. A critical feature required for Rocket Pool voting to occur is the use of Snapshot custom vote strategies.
Until recently, Snapshot was free to use but they have now implemented layered pricing for specific features. The custom vote strategy feature now requires a Snapshot Pro account.
We have explored workarounds to avoid using the feature but none exist.
Is there any related work this builds off of?
We have looked at other options but most are emerging and are not as robust as Snapshot. There may be options that we can use but planning, design, and migration will take time.
In the medium/long term, we can look into using the current onchain protocol to support meta governance votes.
In the meantime, we do not want to halt DAO activity so propose to use Snapshot for now until the DAO and team can coordinate an alternative or decide to stick with Snapshot.
Will the results of this project be entirely open source (MIT, GPL, Apache, CC BY license or similar)? If not, which parts will not be, why, and under what license will they be published?
Snapshot is a paid for service so I don’t believe this is applicable.
Benefit
Pretty much all Rocket Pool stakeholders benefit from this proposal.
| Group | Benefits |
|---|---|
| Community | If the grant is successful the community benefits from ongoing governance expression. |
Which other non-RPL protocols, DAOs, projects, or individuals, would stand to benefit from this grant?
Snapshot would benefit - that said they have serviced us well for free for some time.
Costs
What is the proposed payment schedule for the grant? How much USD $ and over what period of time is the applicant requesting?
A Snapshot Pro account costs US$6,000 / year (1 year commitment) or US$600 / month (1 month commitment).
We suggest a minimum commitment of 3 months and a suggested commitment of 6 months. However we leave it up to the GMC to decide the commitment.
Payment Method
There are two proposed payment methods:
- Direct payment by GMC
- Payment by Core Team and reimbursement
Direct payment by the GMC would be the optimal payment method. This involves the GMC multisig being temporarily granted admin access to Snapshot for the purpose of billing.
Payment by the Core Team and reimbursement is an option. Although it isn’t simple, because the reimbursement would be counted as income and it would actually cost us 22.5% because of the tax liability. If we choose this option then it would need to be +22.5% to help cover the tax liability.
To ensure the DAO can continue raising proposals in the meantime, the team can pay the first month and be reimbursed as above.
Conflict of Interest
Does the person or persons proposing the grant have any conflicts of interest to disclose? (Please disclose here if you are a member of the GMC or if any member of the GMC would benefit directly financially from the grant).
No conflict of interest.
Will the recipient of the grant, or any protocol or project in which the recipient has a vested interest (other than Rocket Pool), benefit financially if the grant is successful?
No.