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...
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 ⬎
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Wormhole, Tally, and ScopeLift are teaming up to build MultiGov: an industry-first multichain governance system soon available to DAOs on Solana, Ethereum mainnet, and EVM L2s. The Wormhole DAO will be the first to adopt MultiGov, enabling W holders to create, vote on, and execute governance proposals on any supported chain. Integrating this innovative governance model marks a significant shift towards a truly decentralized and inclusive decision-making process that operates at a level above the multiple underlying chains.
Your DAO operated by users on any chain. Multichain governance lets DAOs meet token holders where they are. DAO members can raise proposals, delegate, vote, and generally participate in governance for an onchain DAO from whichever chain they hold tokens on. MultiGov will support multichain DAOs across Solana, Ethereum mainnet, and EVM-compatible L2s. As more projects expand to multiple chains, MultiGov will lower barriers to DAO participation and increase user reach in nearly all major ecosystems. Tally, Wormhole, and Scopelift are combining their expertise in state-of-the-art governance, delegation, and multichain infrastructure to build MultiGov.
Until now, DAOs have operated their governance on a single chain. Many of the oldest and largest DAOs keep their token, governance, and treasury all on Ethereum mainnet. However, rising L1 gas costs make managing and participating in governance increasingly expensive. In addition, with the growth of robust multichain infrastructure, DAO token holders are increasingly distributed across many chains. To maintain active, accessible, and decentralized governance, many existing DAOs are exploring options to expand their governance systems. Newer protocol DAOs often plan out their multichain strategy from day 1, launching on one network and then strategically expanding to other chains to grow their users and liquidity.
Active, by meeting community members where they are.
Accessible to all token holders, by lowering gas costs.
Decentralized, by enabling token holders to vote on any chain
Flexible, by allowing DAOs to easily expand to new networks along with their protocol
MultiGov implements a hub-and-spoke governance model. This model combines well-understood building blocks – governor, timelock, cross-chain token transfers, and cross-chain messaging.
On the "hub" chain, a DAO using MultiGov has a standard ERC20Votes token and OpenZeppelin Governor with the Flexible Voting extension. The hub can be any supported EVM chain. Token holders can choose to natively transfer their hub governance tokens to spoke chains.
On each "spoke," there is a native governance token and a spoke Governor contract. The native governance token keeps track of voting power on that chain. When there is a proposal, token holders on that spoke chain submit votes to the spoke Governor. Votes on each spoke Governor can be aggregated and sent back to the hub chain via a cross-chain message. Users who are on the hub chain can submit votes directly to the hub chain Governor.
When the voting period is over, the hub chain will tally the votes it has collected from all the spoke chains and from users who submitted directly on the hub. If the proposal passes, it is executed on the hub chain, and sent to each of the spokes for execution via a cross-chain message. Creating new proposals to vote on follows a similar design, where proposals are created on the hub chain and then broadcast to each spoke chain.
To learn more about how DAOs can go multichain, watch Tally CTO Raf Solari’s ETH Denver 2024 talk on Multichain DAOs here.
The Wormhole DAO, governed by W holders, will be the first to use MultiGov’s pioneering multichain governance system. Wormhole's DAO will enable W token holders on any supported chain to participate in governance for the Wormhole protocol. This approach will provide users with a familiar interface for participating in Wormhole governance, whether they are on Ethereum, an EVM L2, or Solana. The Wormhole contributors hope that this will help maintain a vibrant and active Wormhole community, while keeping governance completely decentralized and accessible to all.
DAOs interested in implementing MultiGov can reach out to contributors at Wormhole, Tally, and ScopeLift by submitting this form.
Learn more about Wormhole, Tally, and ScopeLift:
Governing protocols on multiple chains
ScopeLift is a software engineering consultancy focused on crypto. We combine high quality engineering with deep knowledge of the blockchain ecosystem.
Wormhole, Tally, and ScopeLift are teaming up to build MultiGov: an industry-first multichain governance system soon available to DAOs on Solana, Ethereum mainnet, and EVM L2s. The Wormhole DAO will be the first to adopt MultiGov, enabling W holders to create, vote on, and execute governance proposals on any supported chain. Integrating this innovative governance model marks a significant shift towards a truly decentralized and inclusive decision-making process that operates at a level above the multiple underlying chains.
Your DAO operated by users on any chain. Multichain governance lets DAOs meet token holders where they are. DAO members can raise proposals, delegate, vote, and generally participate in governance for an onchain DAO from whichever chain they hold tokens on. MultiGov will support multichain DAOs across Solana, Ethereum mainnet, and EVM-compatible L2s. As more projects expand to multiple chains, MultiGov will lower barriers to DAO participation and increase user reach in nearly all major ecosystems. Tally, Wormhole, and Scopelift are combining their expertise in state-of-the-art governance, delegation, and multichain infrastructure to build MultiGov.
Until now, DAOs have operated their governance on a single chain. Many of the oldest and largest DAOs keep their token, governance, and treasury all on Ethereum mainnet. However, rising L1 gas costs make managing and participating in governance increasingly expensive. In addition, with the growth of robust multichain infrastructure, DAO token holders are increasingly distributed across many chains. To maintain active, accessible, and decentralized governance, many existing DAOs are exploring options to expand their governance systems. Newer protocol DAOs often plan out their multichain strategy from day 1, launching on one network and then strategically expanding to other chains to grow their users and liquidity.
Active, by meeting community members where they are.
Accessible to all token holders, by lowering gas costs.
Decentralized, by enabling token holders to vote on any chain
Flexible, by allowing DAOs to easily expand to new networks along with their protocol
MultiGov implements a hub-and-spoke governance model. This model combines well-understood building blocks – governor, timelock, cross-chain token transfers, and cross-chain messaging.
On the "hub" chain, a DAO using MultiGov has a standard ERC20Votes token and OpenZeppelin Governor with the Flexible Voting extension. The hub can be any supported EVM chain. Token holders can choose to natively transfer their hub governance tokens to spoke chains.
On each "spoke," there is a native governance token and a spoke Governor contract. The native governance token keeps track of voting power on that chain. When there is a proposal, token holders on that spoke chain submit votes to the spoke Governor. Votes on each spoke Governor can be aggregated and sent back to the hub chain via a cross-chain message. Users who are on the hub chain can submit votes directly to the hub chain Governor.
When the voting period is over, the hub chain will tally the votes it has collected from all the spoke chains and from users who submitted directly on the hub. If the proposal passes, it is executed on the hub chain, and sent to each of the spokes for execution via a cross-chain message. Creating new proposals to vote on follows a similar design, where proposals are created on the hub chain and then broadcast to each spoke chain.
To learn more about how DAOs can go multichain, watch Tally CTO Raf Solari’s ETH Denver 2024 talk on Multichain DAOs here.
The Wormhole DAO, governed by W holders, will be the first to use MultiGov’s pioneering multichain governance system. Wormhole's DAO will enable W token holders on any supported chain to participate in governance for the Wormhole protocol. This approach will provide users with a familiar interface for participating in Wormhole governance, whether they are on Ethereum, an EVM L2, or Solana. The Wormhole contributors hope that this will help maintain a vibrant and active Wormhole community, while keeping governance completely decentralized and accessible to all.
DAOs interested in implementing MultiGov can reach out to contributors at Wormhole, Tally, and ScopeLift by submitting this form.
Learn more about Wormhole, Tally, and ScopeLift:
Governing protocols on multiple chains
ScopeLift is a software engineering consultancy focused on crypto. We combine high quality engineering with deep knowledge of the blockchain ecosystem.
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