DeFi governance games: Gasless voting and Snapshot

Quick Take

  • Ethereum gas price leads to a decrease in governance participation due to the need to pay more than $5 per transaction.
  • The infrastructure for gasless voting solutions using EIP-712 signatures is very newborn.
  • Snapshot is used 349 Ethereum projects for governance, but the final decision remains with the protocol team.
The Block Research previously looked at how governance works in Maker, Compound, and three DeFi protocols, Curve, Uniswap, 1inch, which decided to distribute part of their tokens retroactively. Each of the Defi protocols, except for Uniswap, uses its own governance framework. Moreover, currently all, except for 1inch, also support off-chain governance. Having a public forum […]

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