Epoch Island has integrated oSnap into the Epoch DAO multisig enabling vEPOCH holders to have decentralized control over all Epoch Island contracts and assets.
vEPOCH token holders now have the ability to make proposals at https://snapshot.org/#/epochisland.eth using snapshot voting.
To become a vEPOCH holder, mint vEPOCH by locking up your Balancer 80/20 EPOCH/WETH LP tokens for any duration you want. The longer you choose, the more vEPOCH you will receive, unlock any time without fees. A step by step process is easy to follow on the start page of the Epoch Dapp. vEPOCH holders also receive EPOCH rewards claimable from the dapp.
oSnap is a DAO governance tool built and secured by UMA. It allows your community to vote offchain and automatically execute the results onchain. oSnap integrates with your Snapshot Space and the Safe wallet holding your treasury funds. Transactions approved by the community are validated onchain and executed without the need for centralized multisig approval.
Integrating oSnap has enabled Epoch Island to be a truly decentralized protocol from the very start. Epoch Island’s mission is to create a Network State by 2030, it’s first step being to establish decentralized governance. oSnap’s multisig module has been a vital part of making this goal a reality.
How it works
At a technical level, Snapshot allows you to attach transaction data to a proposal, using their transaction builder. Here community members can add specific transactions they want the Epoch DAO to make. When the proposal is published Snapshot publishes this transaction data on decentralized hosting service IPFS, and generates a unique identifier for that data.
If approved, oSnap submits the transaction data to UMA’s optimistic oracle. The oracle validates that the transaction is a 100% match for the data stored at the IPFS identifier. If it’s valid, the transactions are immediately executed from the DAO Safe. If it’s invalid or a malicious transaction submitted to attack your DAO, the data is immediately and automatically deleted before it arrives onchain.
To get involved, you can optionally make sentiment checks here: https://snapshot.org/#/sentiment.epochisland.eth/ and create proposals here that offer oSnap integrations: https://snapshot.org/#/epochisland.eth and can discuss all things governance and proposals in this Epoch Island discord server.
Learn more
Epoch Island is on a mission to create a network state by the year 2030. Learn more about the pathway we plan to get there.
oSnap is a free-to-use governance tool secured by UMA and audited by Open Zeppelin. It is free to use and can be integrated in less than 60 seconds.
UMA is an optimistic oracle that can validate any independently verifiable data on the blockchain. UMA ensures protocol security by incentivizing validators to identify and delete false information passing through the oracle. Since launching in 2020, UMA has secured more than 10,000 critical data assertions. It has never been corrupted.
Join the Epoch Island discord to discuss Network States, decentralized governance, and how amazing oSnap is
