DAO Governance Infrastructure Tally to Launch Tally Protocol
On June 21st, Tally's CEO and co-founder, Dennison, announced the launch of Tally Protocol. Tally Protocol unlocks the economic potential of governance tokens by providing liquidity layers for governance staking and restaking, while optimizing the distribution of voting power to bring economic security back to blockchain protocols.
In addition, Tally Protocol will include a smart contract layer (allowing DAO token holders to mint Tally Liquid Staking Tokens (tLST)); enable governance restaking (users can stake governance tokens in Tally and receive tLST that can be deposited into the restaking system, while retaining voting power related to governance tokens); enhance the security of DAOs (the protocol redistributes un-delegated voting power back to the DAO for reallocation, and un-delegated tokens staked in the protocol are also returned to the DAO for reallocation); incentivize effective governance (by requiring token holders to delegate to active participants to receive rewards, while retaining voting power in the hands of active DAO voters, thus enhancing security against malicious attacks and preventing passive governance); and sustainably incentivize DAO representatives (with a fair and transparent mechanism to reward active representatives).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hyperlane Shares Airdrop Plans With 57% For Community

Cardano Unveils Veridian, Letting You Own Your Digital Identity

Sui Gets Boost as Utila Unlocks Institutional Features

Grayscale Files Updated S-1 for Spot Solana ETF
Grayscale updates its SEC filing for a spot Solana ETF, signaling growing institutional interest in SOL.Grayscale Pushes Forward With Solana ETF PlansWhy Solana?What This Means for the Market

Trending news
MoreCrypto prices
More








