Managing bridging aggregator proposals with Snapshot involves leveraging Snapshot's decentralized governance platform to propose, vote on, and execute decisions related to cross-chain bridge aggregators (like Li.Fi, Socket, Squid, etc.). Below’s a step-by-step guide:
1. Understand the Scope of Bridging Aggregator Proposals
Before creating a proposal, define what you want to achieve, such as:
Adding/removing a bridge aggregator in a DeFi protocol.
Adjusting fee structures for cross-chain swaps.
Allocating grants/incentives to a bridge aggregator.
Security audits or risk assessments for a new bridge integration.
2. Set Up a Snapshot Space
If your DAO/project doesn’t already have one:
Go to Snapshot.
Connect your wallet (e.g., MetaMask).
Create a Space (governance hub) for your project.
Configure voting strategies (e.g., token-weighted, quadratic).
3. Create a Proposal
Go to your Snapshot Space → Click "New Proposal".
Title & Description:
Clearly state the purpose (e.g., "Proposal to Integrate Li.Fi as Primary Bridge Aggregator").
Include motivation, technical details, risks, and costs.
Voting Options:
Simple options like
For,Against,Abstain.Or custom choices (e.g.,
Li.Fi,Socket,Squid).Voting Duration: Set a reasonable timeframe (e.g., 3-7 days).
Snapshot Block: Ensure it aligns with token holdings for fair voting.
4. Link Off-Chain Data (If Needed)
Since Snapshot is off-chain, you may need to reference:
Forum discussions (e.g., Commonwealth, Discord).
Technical reports (e.g., audits, bridge comparisons).
Multisig/DAO treasury details for funding requests.
5. Promote the Proposal
Share in Discord, Telegram, Twitter, and governance forums.
Encourage delegates/delegators to participate.
Host an AMA or town hall to address concerns.
6. Execute the Proposal
If the vote passes, the DAO’s multisig or smart contracts must implement the decision.
Example actions:
Update a bridge aggregator whitelist in a smart contract.
Allocate funds via a treasury transaction.
For on-chain execution, use SafeSnap (Snapshot + Gnosis Safe).
7. Monitor & Report
Track the bridge aggregator’s performance post-integration.
Submit follow-up proposals if adjustments are needed.
Example Snapshot Proposal Template
# Proposal: Integrate Socket as Default Bridge Aggregator## SummaryThis proposal seeks to whitelist Socket for cross-chain swaps in our protocol, reducing fees by ~15%.## Motivation- Socket offers best-in-class liquidity and security audits.- Current aggregator (Li.Fi) has higher fees for Ethereum-to-Arbitrum swaps.## Technical Details- Contract address: `0x...`- Fee structure: 0.1% per swap (vs. Li.Fi’s 0.15%).## Voting Options- [ ] Yes, integrate Socket- [ ] No, keep current aggregator- [ ] Abstain## References- [Socket Audit Report](https://...)- [Fee Comparison Dashboard](https://...)
Key Considerations
Security: Ensure bridge aggregators are audited.
Voter Turnout: Use incentives (e.g., token rewards) to boost participation.
Multi-Chain Proposals: If the DAO spans multiple chains, clarify which tokens (e.g., governance tokens on Ethereum vs. Arbitrum) are eligible to vote.
By following this framework, you can effectively manage bridge aggregator proposals via Snapshot in a decentralized and transparent way.
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