tally.xyzPowering the Future of DAOs with AI
The synergy of decentralized autonomous organizations and artificial intelligence as a catalyst for the technological revolutionby KAFOver the past few years, there has been an escalating interest in Decentralized Autonomous Organizations (DAOs) and artificial intelligence (AI), technologies that have the capacity to revolutionize every aspect of our lives. The intersection of DAOs and AI is an exciting area of exploration that offers many possibilities for enhancing organizational efficiency...
tally.xyzHyperlane x Tally: Setting the Standard for Cross-Chain Token Launches
Hyperlane partnered with Tally to launch the HYPER token with native claim support across five blockchains. The launch saw over 235,000 addresses claim nearly 70 million HYPER using Tally’s institutional-grade software stack. Tally worked closely with Hyperlane to create a smooth, multi-chain token launch with custom claim infrastructure, wallet eligibility flows, cross-chain compatibility, backend tooling, and data indexing. This included building a pre-launch registration flow that allowed ...
tally.xyzIntroducing the Tally Protocol
The WhyThe incentives for participating in DAOs are broken. Token holders are asked to actively manage and govern multi-billion dollar protocols at their own expense. Large delegates fund their critical research and operations via inconsistent grants or retroactive funding. Token holders hold illiquid unproductive assets with little or no incentive to participate. The critical challenges facing DAOs today are directly tied to the inherent dichotomy of governance tokens: they are both assets a...
Tally powers institutional grade tokens. Launch, manage, and grow the value of your token with Tally’s software stack ⬎
tally.xyzPowering the Future of DAOs with AI
The synergy of decentralized autonomous organizations and artificial intelligence as a catalyst for the technological revolutionby KAFOver the past few years, there has been an escalating interest in Decentralized Autonomous Organizations (DAOs) and artificial intelligence (AI), technologies that have the capacity to revolutionize every aspect of our lives. The intersection of DAOs and AI is an exciting area of exploration that offers many possibilities for enhancing organizational efficiency...
tally.xyzHyperlane x Tally: Setting the Standard for Cross-Chain Token Launches
Hyperlane partnered with Tally to launch the HYPER token with native claim support across five blockchains. The launch saw over 235,000 addresses claim nearly 70 million HYPER using Tally’s institutional-grade software stack. Tally worked closely with Hyperlane to create a smooth, multi-chain token launch with custom claim infrastructure, wallet eligibility flows, cross-chain compatibility, backend tooling, and data indexing. This included building a pre-launch registration flow that allowed ...
tally.xyzIntroducing the Tally Protocol
The WhyThe incentives for participating in DAOs are broken. Token holders are asked to actively manage and govern multi-billion dollar protocols at their own expense. Large delegates fund their critical research and operations via inconsistent grants or retroactive funding. Token holders hold illiquid unproductive assets with little or no incentive to participate. The critical challenges facing DAOs today are directly tied to the inherent dichotomy of governance tokens: they are both assets a...
Share Dialog
Share Dialog
Tally powers institutional grade tokens. Launch, manage, and grow the value of your token with Tally’s software stack ⬎
Subscribe to tally.xyz
Subscribe to tally.xyz
>300 subscribers
>300 subscribers
Separating voting power from financial utility with the Tally Protocol and Symbiotic
Governance tokens are a key component of the blockchain ecosystem, allowing stakeholders to directly participate in the decision-making process and operations of the protocols they rely on every day. These tokens, however, often struggle to balance their governance utility with their potential as financial assets, as participating in governance requires locking up tokens. Token holders face a tough choice: use their assets as collateral in DeFi or actively participate in governance. As the protocol token ecosystem grows, there is an increasing need to maximize the utility of these tokens without compromising their primary function.
The Tally Protocol, combined with Symbiotic’s shared security framework, solves this problem. It separates the governance voting power of tokens from their financial utility as assets that can be put into DeFi. This allows token holders to:
Maintain their governance rights
Use their tokens as collateral to secure infrastructure networks
Unlock new economic opportunities
This approach creates a win-win scenario for DAOs, token holders, and ecosystem builders. It enhances token value, preserves decentralized governance, and enables the development of more robust blockchain infrastructure.
Governance Restaking unlocks a new category of shared security use cases. In this post, we explore the Arbitrum protocol governance token (ARB) and Wormhole protocol governance token (W) as examples of real-world applications for (re)staked governance tokens.
The Tally Protocol enables governance restaking in Symbiotic by enabling:
A split in token utility whereby voting rights remain with the original token holder but can optionally be redistributed back to the DAO
An unlock in economic utility through a liquid staked version of the token
This separation allows token holders to use their assets to secure infrastructure networks as well as deposit in DeFi applications, without endangering the DAO by locking up their governance tokens in third party protocols.
Symbiotic complements the Tally Protocol by providing:
A shared security framework for custom restaking implementations
Support for various types of collateral, including DAO protocol tokens
Symbiotic offers key benefits for both protocols and token holders. Protocols can design tailored security systems, while token holders can contribute to network security and earn additional yield. The result is that new infrastructure possibilities emerge, backed by protocol token economics.
The Tally Protocol and Symbiotic combination enables new use cases for blockchain infrastructure. To better understand how the Tally Protocol and Symbiotic work in practice, let's look at two potential use cases.
1. Powering L2 infrastructure with (re)staking
Layer 2 solutions today have a variety of different types of infrastructure which both need to be decentralized and secured by strong crypto economic systems. (Re)staking via Symbiotic and the Tally Protocol allows L2s to use their own token and ecosystem to back their own various services like decentralized sequencing, transaction ordering, interoperability and more.
One example is trustless data availability. Current options like Arbitrum's Data Availability Committee are semi-decentralized and require trust assumptions. The Tally Protocol and Symbiotic offer a more decentralized alternative that is aligned with token holders interests and is backed by the security offered by (re)staking:
ARB token holders stake their tokens in the Tally Protocol and get tARB (Tally Liquid Staked Arbitrum token)
Token holders provide tARB as collateral in Symbiotic to be used to back network services that provide data availability for L3 chains
ARB token holders gain additional value from their holdings in two ways. First, they earn rewards from underlying ARB staking. Second, they can (re)stake their tokens in Symbiotic and delegate to data availability operators. Token holders can then earn a portion of the fees paid by L3 Orbit chains for data availability.
This solution creates a symbiotic relationship between L3s and token holders. L3s benefit from a more trust-minimized system, while ARB token holders unlock new value from their assets. While you can currently use ETH backed data availability solutions, token holders want native ecosystem aligned solutions that give them more utility and reuse their own economic security. Native token backed data availability solutions are more aligned with underlying token holder utility.
And it doesn’t stop with just data availability, tARB tokens (re)staked through Symbiotic can additionally be leveraged by other infrastructure use cases seeking to be secured by Arbitrum tokens, including e.g. middleware such as oracles, creating a restaking ecosystem for the Arbitrum community.
2. Decentralized security for interoperability platforms
Interoperability protocols like Wormhole currently rely on a set of Validators and Relayers for facilitating asset transfers. The Tally Protocol and Symbiotic can improve and further secure this setup specifically when it comes to Wormhole's Native Token Transfer (NTT) Framework.
Create tW (liquid staked Wormhole token) using Tally Protocol
tW holders back decentralized versions of Guardians and Relayers through Symbiotic that work in parallel with the Guardian Network to create an even more secure and decentralized bridge for tokens
This attestation is combined with the one from the Guardian Network on the destination chain. Subsequently delivering the user their funds.
Wormhole token holders participate in securing their own protocol
Holders earn native W staking yield plus yield from backing services
This approach enhances protocol security and creates a more robust, participatory ecosystem.
Both examples maximize opportunities for token holders by allowing them new opportunities to secure and back their protocol infrastructure. Importantly, this is achieved without compromising the security of the underlying DAO. The DAO maintains control over its protocol security while token holders are free to participate in restaking to earn additional yield.
Governance Restaking with Tally and Symbiotic addresses a significant limitation in DAO token utility and unlocks a new category of shared security use cases. By separating governance from financial utility, Governance Restaking:
Unlocks new value for token holders
Preserves DAO governance structures
Enables development of more secure blockchain infrastructure
The net result is protocols gain more sophisticated and engaged token holders that are incentivized to continue to provide value and services to the protocol.
As the crypto ecosystem evolves, this approach has the potential to influence the trajectory of decentralized finance and governance. It addresses current challenges and provides a foundation for new blockchain applications, likely shaping the future landscape of the blockchain space.
Email biz@tally.xyz or message @coolhorsegirl on Telegram to learn more.
Separating voting power from financial utility with the Tally Protocol and Symbiotic
Governance tokens are a key component of the blockchain ecosystem, allowing stakeholders to directly participate in the decision-making process and operations of the protocols they rely on every day. These tokens, however, often struggle to balance their governance utility with their potential as financial assets, as participating in governance requires locking up tokens. Token holders face a tough choice: use their assets as collateral in DeFi or actively participate in governance. As the protocol token ecosystem grows, there is an increasing need to maximize the utility of these tokens without compromising their primary function.
The Tally Protocol, combined with Symbiotic’s shared security framework, solves this problem. It separates the governance voting power of tokens from their financial utility as assets that can be put into DeFi. This allows token holders to:
Maintain their governance rights
Use their tokens as collateral to secure infrastructure networks
Unlock new economic opportunities
This approach creates a win-win scenario for DAOs, token holders, and ecosystem builders. It enhances token value, preserves decentralized governance, and enables the development of more robust blockchain infrastructure.
Governance Restaking unlocks a new category of shared security use cases. In this post, we explore the Arbitrum protocol governance token (ARB) and Wormhole protocol governance token (W) as examples of real-world applications for (re)staked governance tokens.
The Tally Protocol enables governance restaking in Symbiotic by enabling:
A split in token utility whereby voting rights remain with the original token holder but can optionally be redistributed back to the DAO
An unlock in economic utility through a liquid staked version of the token
This separation allows token holders to use their assets to secure infrastructure networks as well as deposit in DeFi applications, without endangering the DAO by locking up their governance tokens in third party protocols.
Symbiotic complements the Tally Protocol by providing:
A shared security framework for custom restaking implementations
Support for various types of collateral, including DAO protocol tokens
Symbiotic offers key benefits for both protocols and token holders. Protocols can design tailored security systems, while token holders can contribute to network security and earn additional yield. The result is that new infrastructure possibilities emerge, backed by protocol token economics.
The Tally Protocol and Symbiotic combination enables new use cases for blockchain infrastructure. To better understand how the Tally Protocol and Symbiotic work in practice, let's look at two potential use cases.
1. Powering L2 infrastructure with (re)staking
Layer 2 solutions today have a variety of different types of infrastructure which both need to be decentralized and secured by strong crypto economic systems. (Re)staking via Symbiotic and the Tally Protocol allows L2s to use their own token and ecosystem to back their own various services like decentralized sequencing, transaction ordering, interoperability and more.
One example is trustless data availability. Current options like Arbitrum's Data Availability Committee are semi-decentralized and require trust assumptions. The Tally Protocol and Symbiotic offer a more decentralized alternative that is aligned with token holders interests and is backed by the security offered by (re)staking:
ARB token holders stake their tokens in the Tally Protocol and get tARB (Tally Liquid Staked Arbitrum token)
Token holders provide tARB as collateral in Symbiotic to be used to back network services that provide data availability for L3 chains
ARB token holders gain additional value from their holdings in two ways. First, they earn rewards from underlying ARB staking. Second, they can (re)stake their tokens in Symbiotic and delegate to data availability operators. Token holders can then earn a portion of the fees paid by L3 Orbit chains for data availability.
This solution creates a symbiotic relationship between L3s and token holders. L3s benefit from a more trust-minimized system, while ARB token holders unlock new value from their assets. While you can currently use ETH backed data availability solutions, token holders want native ecosystem aligned solutions that give them more utility and reuse their own economic security. Native token backed data availability solutions are more aligned with underlying token holder utility.
And it doesn’t stop with just data availability, tARB tokens (re)staked through Symbiotic can additionally be leveraged by other infrastructure use cases seeking to be secured by Arbitrum tokens, including e.g. middleware such as oracles, creating a restaking ecosystem for the Arbitrum community.
2. Decentralized security for interoperability platforms
Interoperability protocols like Wormhole currently rely on a set of Validators and Relayers for facilitating asset transfers. The Tally Protocol and Symbiotic can improve and further secure this setup specifically when it comes to Wormhole's Native Token Transfer (NTT) Framework.
Create tW (liquid staked Wormhole token) using Tally Protocol
tW holders back decentralized versions of Guardians and Relayers through Symbiotic that work in parallel with the Guardian Network to create an even more secure and decentralized bridge for tokens
This attestation is combined with the one from the Guardian Network on the destination chain. Subsequently delivering the user their funds.
Wormhole token holders participate in securing their own protocol
Holders earn native W staking yield plus yield from backing services
This approach enhances protocol security and creates a more robust, participatory ecosystem.
Both examples maximize opportunities for token holders by allowing them new opportunities to secure and back their protocol infrastructure. Importantly, this is achieved without compromising the security of the underlying DAO. The DAO maintains control over its protocol security while token holders are free to participate in restaking to earn additional yield.
Governance Restaking with Tally and Symbiotic addresses a significant limitation in DAO token utility and unlocks a new category of shared security use cases. By separating governance from financial utility, Governance Restaking:
Unlocks new value for token holders
Preserves DAO governance structures
Enables development of more secure blockchain infrastructure
The net result is protocols gain more sophisticated and engaged token holders that are incentivized to continue to provide value and services to the protocol.
As the crypto ecosystem evolves, this approach has the potential to influence the trajectory of decentralized finance and governance. It addresses current challenges and provides a foundation for new blockchain applications, likely shaping the future landscape of the blockchain space.
Email biz@tally.xyz or message @coolhorsegirl on Telegram to learn more.
No activity yet