{Scp 193} Reimbursement for Unblocking Snapshot Governance Strategies

Proposal Discussion
1

Summary

This proposal seeks reimbursement of $6000 in USDC for the payment that was made on 2/14/25 by @giantkin from a personal wallet to keep the ShapeShift DAO governance strategies operational in Snapshot.

Motivation

While Snapshot announced and reached out over a year ago to get all of their chain supported partners to upgrade information to be added to as a ‘Premium Chain’(Link), Arbitum and Gnosis did not complete the required work and were recently removed from basic support inside SnapShot strategies.

ShapeShift was not given any advanced notice to the functionality change of some of our strategies (FOX on Arbitum and FOX on Gnosis) due to them being outside the ‘Premium Chain’ support. Our instance of Snapshot was blocked from future posts unless the DAO either removed the offending strategies from our Governance, or pay $6000 for a year subscription to allow all of our strategies to continue as implemented and unblock the posting of new proposals.

Leadership decided that it was worth the subscription cost to pay for the year and not block FOX hedgey holders, rFOX holders, and any other FOX holders on Arbitum and Gnosis from voting on current proposals.

Here is the TXID of the payment that was made to unblock our Snapshot instance: Ethereum Transaction Hash (Txhash) Details | Etherscan

Specification:

Send $6000 worth of USDC on eth to 0xff75E131c711e4310C045317779d39B3B4f718C4 address.

Benefits:
Reimburses a contributor for the out of pocket cost to maintaining open governance.

Risks and Considerations:
Will cost the DAO $6000 in USDC for a one time reimbursement.

For
For with Changes
Against

3 Likes
2

I am for this proposal. We do not want governance blocked and though not insignificant, it is something we can swallow for a year while the chains become “premium” or Leadership and/or the DAO figures out how we want to proceed.

2 Likes
3

https://snapshot.box/#/s:ideation.shapeshiftdao.eth/proposal/0x74c84a9c93de4ff4eb915cc04780c2973d335d552e735ebe0034b0febef8178f oops. forgot to link from here

4

Thanks for handling this and advancing the funds GK! I obviously support reimbursing you.

I’ve found the specs for Snapshot’s “Turbo Plan” and that $6000 cost here, I think you’ve forgotten to put this link.

So now that we’re paying for this, will they provide actually support to list LP positions (even if not staked in a farm) on these “non-premium” networks?

My contact with the support was very unfruitful last time, basically they’ve told me that we should just run our own TheGraph schema (not free) to match their existing plugins or code our own plugin… If they bill this much and we end up having to host/code plugins for such a basic voting strategy when it’s happening on “non-premium” chains, it might be time to look for alternatives maybe :thinking:

5

i think we should be thinking about a few different avenues.

i have already looked ( prof?) found a self hosting setup, that i would like to go into…

maybe test local.

another, is to pull off the voting on chains unsupported.

and ofc, pushing those chains to get onboard.

i might be forgetting other(s)

but off top of my head.

oh and some already looked at boardroom. (huge fee’s)
and …tally was more pricy too.

others?

6

we basically have 12 months to work this out. (i think we will have no choice but to do this again next year… depending on our choices… as Hedgeys are on arb for 18monnths.

(this is an extreme option overall i think…i hope)

7

https://snapshot.box/#/s:shapeshiftdao.eth/proposal/0x909d8aebc0623ec68dc441e8138b15d1e8ec1a264fb2dc9dc3dd0f41a6098a30

up for full vote. Looks like this might be in time for my payout. by 1 day!

Thanks

1 Like