DeFi governance games: Gasless voting and Snapshot

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 allows the community to suggest an idea or a change for a protocol parameter and ensure that this proposal is supported. After creating a topic on a forum or signal voting, a proposal creator can submit it on the blockchain. The proposal then undergoes a formal procedure for collecting votes from the governance token holders.