Building better governance with EigenGov
“The role of EigenGov is to maintain a coordination layer for the EigenLayer ecosystem of EIGEN holders, AVS developers, operators, and stakers who are key participants in the prosperity, security, and reliability of the EigenLayer protocol. EigenGov brings our ecosystem participants together to support our common vision of open innovation through a novel system designed to be both effective and decentralized.” (Introducing EigenGov: Part 1)
Yesterday, EigenLayer introduced an innovative approach to decentralized governance with EigenGov.
EigenGov is the governance platform for the EigenLayer ecosystem, marked by a few key governance innovations that build off existing decentralized governance mechanisms to enhance the efficiency of EigenLayer’s governance community. We are honored to play a role in the successful implementation of EigenGov.
EigenGov Councils
At the core of EigenGov V1 is its unique implementation of councils. EigenGov councils invert the traditional role of council governance by imbuing the bulk of decision making to high-agency groups of decision makers (councils) and reverting veto rights to non-council $EIGEN holders.
Councils consist of trusted domain experts empowered by tokenholders to make decisions on behalf of the community. These councils have specific authority over different aspects of the EigenLayer protocol, including protocol upgrades, rewards, community grants, and governance powers. Each council will operate under a charter that defines its scope and decision-making authority, with plans to expand in both number and responsibility over time.
Tally & EigenGov
Tally’s role in assisting the rollout of EigenGov is two-fold:
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Building Council Infrastructure
“We have a lot of work to do to ensure a resilient, transparent, and decentralized network of councils. To solve the challenge of effective and decentralized governance, the Eigen Foundation is implementing a philosophy of incubation for creating, appointing, and stewarding councils.” (Introducing EigenGov: Part 1)
The success of EigenGov councils relies on the secure and expert implementation of its infrastructure. Tally is well versed in council based governance and is excited to develop Eigenayer’s vision for councils.
Tally is working closely with the EigenGov team to carefully design and implement the necessary infrastructure to fully bring councils to life, including the council governance deployment, council endorsement flows, vetoing flow, & signal voting.
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Developing the EigenGov Application Layer
The successful rollout of EigenGov will create a high-signal, high-traffic governance community which requires an efficient and high fidelity application layer. Tally will build and maintain the EigenGov frontend in tandem with continuing support and consultation on the design and rollout of EigenGov councils and day-to-day governance operations.
Looking Forward
Tally delivers best-in-class governance experiences for the ecosystem’s most important protocols. We are thrilled to help bring EigenGov to life creating and maintaining a coordination layer for the EigenLayer community to usher in a new wave of decentralized governance.
We hope to attract the best minds in governance to build a better future through working openly on the most challenging problems, supporting researchers, and improving decentralized governance for the world — all while giving the EigenLayer community unparalleled ownership and control over the EigenLayer protocol.” (Introducing EigenGov: Part 1)
Follow Eigen Foundation on X @eigenfoundation and read Part 1 of the EigenGov Introduction.
Interested in building with Tally? Reach out to us at hello@tally.xyz or on X @tallyxyz.