Gnosis and Snapshot have reportedly teamed up to build SafeSnap – a solution enabling automated execution of successful governance votes on Snapshot.

Specifically, the module – utilizing Gnosis Safe Multisig functions and the Snapshot off-chain governance platform – was reportedly made available on March 16th. 

Snapshot is reportedly a “governance-as-a-service” provider for numerous decentralized finance (DeFi) initiatives, nominally Yearn.finance, SushiSwap, Balancer, Aave, Cream and others.

It reportedly offers a simple interface to build governance proposals and supports voting via linking their wallets and the governance tokens contained within.

The actual voting process is reportedly carried out off-chain, however, in an attempt to cut down on gas costs and complexity.

Snapshot proposals are reportedly not binding. Team members and multisignature key holders for the initiatives are expected to complete the proposals, but the process is fully dependent on their goodwill. SafeSnap made adjustments to that via featuring the option of automated executions of the transactions, which would allow for the proposal once the governance vote passes.

SafeSnap reportedly utilized  the Reality.eth crowdsourced oracle for running verification of the outcome of the off-chain vote. As soon as the verification by the oracle is completed, the transaction triggering the particular change can be triggered by any individual.

The SafeSnap mechanism would reportedly turn Snapshot-based initiatives into something closer to Compound’s governance model. Compound-based protocols can only be submitted if they include the Solidity code that would directly implement the idea.