Anchorage Digital’s institutional clients can now freely express their opinions on token proposals, all without the burden of costly gas fees.
Anchorage Digital recently announced its integration of Snapshot, a gasless multi-governance client, enabling its community of token holders to vote on governance proposals without the need to pay any gas fees.
Snapshot voting is a decentralized voting system commonly used in the crypto world, especially within the decentralized finance (DeFi) sector. Its purpose is to gather input from users and allow them to influence the future direction of a project.
Anchorage Digital holds a unique distinction as the sole federally chartered digital asset bank in the United States. Recently, M31 Capital, a fund manager, entrusted Anchorage with the custody of the $100 million Web3 Opportunity Fund, solidifying its position as a trusted custodian in the industry.
In October, Anchorage made an exciting move by expanding its operations to Asia. The expansion involved forming partnerships with five institutional partners, including Bitkub, DreamTrade, and FBG Capital. Anchorage expressed its enthusiasm for the adoption of cryptocurrencies by consumers in Asia, recognizing the growing interest in this region.
Anchorage Digital currently offers support for more than 60 ERC-20 tokens. They also have plans to expand their support to include all relevant future ERC-20 tokens.
Last year, Lido Finance’s governing body, LidoDAO, used Snapshot to vote on whether to transfer 1% of LDO’s token supply to DragonFly Capital for $14.5 million. However, the proposal was ultimately rejected by token holders.
