SQUID DAO: Your ongoing guide to the new governance Snapshot, powered by SQUID

Leviathan News reports that SQUID DAO, a crypto-native investment collective built around the SQUID token and related DeFi positions, is rolling out a new governance system on Snapshot that is powered by custom infrastructure developed specifically for its needs. SQUID DAO’s governance is centered on veSQUID (vote-escrowed SQUID) and SQUID NFTs, which grant voting rights over the DAO’s sizable on-chain treasury and its strategy as an investment fund. The new Snapshot configuration is designed to more accurately aggregate voting power across multiple protocols where SQUID-related liquidity and positions reside, reflecting how governance tokens, LP positions, and derivative tokens are distributed in DeFi. The core technical change highlighted in the coverage is a Vyper-based vote aggregation contract authored for SQUID DAO, which overcomes Snapshot’s standard limitation of eight simultaneous token strategies. By aggregating voting power across Curve, Convex, and Stake DAO positions, the system allows SQUID DAO to run a single Snapshot strategy that pulls in a comprehensive view of each participant’s effective stake, rather than relying on fragmented or partial token balances. This matters because DAOs increasingly need governance setups that recognize complex DeFi positions (e.g., staked, locked, or derivative tokens) while still using familiar off-chain voting tooling like Snapshot. The SQUID DAO implementation offers a concrete example of how a DAO can extend Snapshot via custom smart contracts to achieve more sophisticated, capital-reflective voting, potentially serving as a reference for other investment-focused DAOs looking to modernize their governance infrastructure.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Snapshot (Voting) | CoW Protocol Documentation (docs.cow.fi)
• Cross-Comparing DAO Governance Models: Aragon vs DAOstack ... (mstblockchain.com)
• What is SquidDAO: A crypto-native hedge fund in web3 (ejorgenson.com)
• A Time-Weighted Snapshot Framework for DAO Governance Voting (arxiv.org)
• {Scp 193} Reimbursement for Unblocking Snapshot Governance ... (forum.shapeshift.com)

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