Hello everyone, I'm Byron from Canada and sometimes I craft articles about the goings on in the crypto world. This article was first a thread on twitterX
#Osnap combine the advanced strategies and gasless experience of off-chain voting with the speed and security of trustless execution. NOW ON @ARBITRUM
Cheaper. Faster. More inclusive. Adding #oSnap to your existing Snapshot Space and Safe takes few minutes and enhances governance!
Breaking News! @UMAprotocol deployed #oSnap on @arbitrum, and DAOs can enhance their governance! oSnap is easy to set-up, bringing zero fees and automated onchain execution!
@Arbitrum is a layer 2 solution designed to improve the capabilities of Ethereum smart contracts by boosting their speed and scalability, while adding in additional privacy features to boot.
"We must decentralize"
The Arbitrum DAO is a massive leap forward, making Arbitrum the first EVM rollup tech to reach Stage 1 decentralization.
#oSnap “ is short for Optimistic Snapshot Execution! The tool lets DAOs propose transactions, do an off-chain governance vote, and have the transaction data submitted in a trustless fashion.
The governance process is simplified with #oSnap! Step1: Submit transactions to Snapshot! Let your community vote to implement exact transaction data.
Step 2: Transactions are validated by UMA! @UMAProtocol validates that the transaction was approved in Snapshot and writes it onchain. #DAOs can now Leverage the combined security of UMA, Snapshot and Safe to protect your treasury
Step 3: Transaction executes in Safe! The transaction is automatically executed via the #oSnap module.
Read more about it and bring the DAO governance to
#oSnap is designed so that any DAO can integrate effortlessly. Takes one minute to fully decentralize your governance, with the help of @SnapshotLabs and @Safe
Thanks for reading my twitter thread on publish0x :) I hope you learned a thing but as always do your own research and never take financial advice from someone who draws zombies for a living. Be sure to join the Horde's Discord and check out www.artistbyron.ca
Byron