Protocol DAO will enable a new on-chain voting mechanism, independent of the current Snapshot voting system

Odaily News According to official news, Rocket Pool issued a statement saying that since the launch of Phase 0 of Protocol DAO governance, more than 763,488 ETH has been staked. Phase 0 introduced Snapshot voting for Protocol DAO (pDAO), enabling pDAO to express its intentions. Protocol DAO currently has a clear governance process, active voting participation, funding plan, liquidity incentive plan, financial management functions and active public debate. Snapshots will still be used to vote on most aspects of Rocket Pool in the future (the advantage of Snapshot is that there is no need to pay Gas fees). Rocket Pool believes that any on-chain proposal should be voted on through Snapshot first, and then on-chain voting. However, due to some technical limitations, Protocol DAO needs to abandon the current Snapshot address and replace it with two new addresses. Therefore, up to 3 addresses will participate in the voting: pDAO Signalling Address, pDAO Delegate Node, Node Address. Initially, on-chain voting will be disabled to allow sufficient voting rights to be set up on the new system. Once enough voting power has been migrated, the Core Team will open the voting system and the pDAO will take the helm; Snapshots will also be migrated to use new Signalling addresses and delegations, creating a unified governance system. The new on-chain voting system is completely separate from the current Snapshot voting system. Therefore, delegated voting power will be migrated to the new system, and node operators will need to: initialize voting power, set the pDAO Signalling Address, and set delegation (if delegated to another node operator).