DeFi Intel

Vote in DAO Governance

DifficultyIntermediate Estimated time20 minutes Last updated2026-05-03

How to participate in DAO governance: snapshot vs on-chain votes, delegating, and proposal creation.

What you'll need (prerequisites)

Recommended for this tutorial

Tools and accounts referenced in the steps below:

Secure your DeFi wallet with Ledger

Step-by-step

  1. Step 1: Connect a self-custodial wallet

    Open Snapshot / Tally's official site (verify the URL — phishing fakes are common). Click "Connect Wallet" and choose your wallet (MetaMask, Rabby, WalletConnect, hardware). Approve the signature request — this does not move funds.

  2. Step 2: Select the correct network

    Confirm your wallet is on the network Snapshot / Tally expects (Ethereum mainnet, Arbitrum, Base, Polygon etc.). Wrong-network connections are the #1 source of UX confusion.

  3. Step 3: Acquire the input tokens

    Most Snapshot / Tally actions require both a token and ETH (or the chain's native token) for gas. Hold a small buffer (~$10-20) for transaction fees.

  4. Step 4: Delegate voting power (if required)

    Voting itself does not require granting a token-spend approval — never approve Snapshot or Tally to move your tokens. Snapshot votes are gasless off-chain signatures. On-chain governance (Tally / Governor contracts) counts your token's built-in voting power, so you may first need a one-time delegate transaction (delegate to yourself or a chosen delegate). Treat any request to approve token spend just to vote as a red flag.

  5. Step 5: Execute the vote on a proposal transaction

    Select your voting choice (For, Against, or Abstain) and confirm. On Snapshot this is a gasless off-chain signature (no gas); on-chain votes (e.g. Tally / Governor contracts) require a transaction and gas. Wait for confirmation.

  6. Step 6: Verify on-chain

    Open the transaction on Etherscan / Arbiscan / Basescan. Confirm the balance change matches expectations. Save the transaction hash for tax records.

Common errors and fixes

FAQ

Is Snapshot / Tally safe?

Snapshot / Tally is one of the most widely used and audited protocols in DeFi. As with any smart-contract platform, residual risk includes: smart-contract bugs, oracle failure, governance attack, and economic exploits. Diversify across protocols and never deposit more than you can afford to lose.

What are the fees for Snapshot / Tally?

Protocol-level fees vary by action and chain. Network gas adds another $0.50-50 depending on chain congestion (much cheaper on L2s and Solana than Ethereum mainnet). Always preview fees before confirming.

Can I undo the transaction?

On-chain transactions are irreversible. Always test with small amounts first, double-check addresses and amounts, and use simulation tools (Tenderly, Pocket Universe) to preview the outcome.

Does Snapshot / Tally have an audit?

Snapshot's and Tally's smart contracts have undergone third-party security audits, with reports linked from their official documentation. Audits reduce but never eliminate risk.

What is impermanent loss / liquidation risk?

For LP positions, impermanent loss is the difference between holding the LP vs holding the underlying tokens — it grows with price divergence. For lending positions, liquidation risk grows as collateral price falls; maintain a health factor well above 1.