Anchorage Digital's clients will be able to vote on decentralized governance proposals after the firm integrated Snapshot.
Snapshot is used by decentralizeprotocols like AAVE , Lido , and BitDAO. It records the voting off-chain — meaning transactions are not publicly recorded on the blockchain.“The tradeoff for such convenience comes in the form of on-chain guarantees; Snapshot voting is free because votes are counted off-chain and thus do not require gas payments. The responsibility to enforce the decision is typically entrusted to a multisig that the protocol team operates.
Anchorage said it currently supports “over 60 ERC-20 tokens,” with plans to enable support for all applicable future ERC-20 tokens.
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