Subgraph as a DAO, NFT Platform, Reputation System, and Read-Oriented Rollup Chain

🏵️ Snapshot is Not the Preferred Solution

Snapshot is a decentralized voting system. It provides flexibility on how voting power is calculated for a vote. Snapshot supports various voting types to cater to the needs of organizations. Creating proposals and voting on Snapshot is user-friendly and does not cost gas as the process is performed off-chain.

In short, Snapshot is an off-chain gasless multi-governance client with easy to verify and hard to contest results. Snapshot Docs

Snapshot is a generalizable governance client - it offers a suite of plugins and strategies to accommodate the proposal and voting needs of most DAOs and protocols

<aside> 👉 Voting strategies offered out-of-the-box include quadratic voting, single choice voting, approval voting, ranked choice voting, and weighted voting. You can query smart contracts or subgraphs as well!

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<aside> 👉 “Plugins in Snapshot extend proposal functionality, like adding extra information or on-chain settling. In essence, a plugin can add additional, custom data to a proposal, which can be used when rendering it or processing the results.”

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Snapshot could serve as an adequate governance client for Reputation Subgraphs, but here’s some reasons why our governance needs might be better served with an in-house solution:

🏵️ Soulbound Labs Governance Client

Reputation Subgraphs derive their legitimacy from the community’s buy-in. By offering a streamlined governance client specific to Reputation Subgraphs, Soulbound Labs can directly address the shortcomings of current governance client solutions and optimize for community engagement. If Soulbound Labs fails to inspire community engagement, our reputation badges have little to no legitimacy.

Envision a governance client where the following is true: