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.
The custom vote strategy feature requires a Snapshot Pro subscription.
Is there any related work this builds off of?
This application follows from the successful Round 30 grant application.
In the medium term, we are scoping 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 we can develop and release amendments to the onchain process.
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.
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 commitment of 3 - 6 months. However we leave it up to the GMC to decide the commitment.
Payment Method
Previously we have used: Payment by Core Team and reimbursement
Payment by the Core Team is not straight-forward, 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.
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.