Today, we're excited to announce Tally's Series A funding of $8 million to scale the software layer for onchain organizations and help protocol tokens accrue value.

Obol is the team behind the largest Decentralized Operator Ecosystem. They're doing groundbreaking work in proof-of-stake infrastructure, making it easier and safer for people to participate in Ethereum staking.

Decentralization creates principal agent problems that are unique to DAOs. These lead to several attack surfaces and common vulnerabilities in the ecosystem. DAOIP-8 is a baseline security specification for DAOs co-authored by DAOstar, Tally and eth.limo to combat these vulnerabilities.

Today, Adventure Gold DAO, the community governance organization behind $AGLD & Adventure Layer launches onchain governance on Tally.

Decentralized Autonomous Organizations (DAOs) and crypto communities are reshaping decision-making processes through onchain governance, with DAOs currently managing tens of billions of dollars in funds. This model represents a paradigm shift from traditional corporate governance, offering a more transparent, flexible, and inclusive way to make critical decisions, which might include grant distribution, public goods funding, and treasury management.

Yesterday, EigenLayer introduced an innovative approach to decentralized governance with EigenGov.

We’re entering a new phase of protocol governance where token utility is not only possible, but necessary. As we begin seeing an uptick in forum proposals calling to share value with token holders, protocols should lean into this opportunity and take intentional steps towards returning value in exchange for the work of governance. Tally is building an open source standard that enables protocols to return value that we call Staker.

Governance participation is still too low.

Tally is excited to support the launch of ZKsync Governance, the onchain governing body of the ZKsync protocol. Since the launch of ZK Sync Era on mainnet, the protocol has experienced incredible success scaling Ethereum with over 6 million wallet addresses created & 350 million+ transactions, all while maintaining incredibly low fees.¹