Tally is a voting and governance analysis tool that allows members of a protocol DAO (e.g. Compound, Uniswap, or Gitcoin, etc.) to vote on active on-chain proposals, delegate votes to a third party, or view previous proposals.
It also shows the outcomes of previous proposals, allowing the public to see who voted; what percentage of voting rights they own; and whether they voted for, against, or abstained from a proposal, bringing transparency to the voting process.
Users can see governance activity across all the DAOs they’re participating in on their dashboard.
Many DAOs live in Discord and use it for voting. The main issues with this are:
Tally was designed to counter these issues and make it easier for DAO members (particularly those who participate in multiple DAOs) to stay on top of all their proposals and make better decisions as a result.
Tally is split into three main areas: Governance, Voter, and Proposals.
Governance: Allows users to explore DeFi protocols, crypto exchanges, and tokens to see information including:
Voter: Allows users to see how the holders of individual addresses have voted and their % of token holdings across all the protocols that Tally monitors.
Proposal: Allows users to view active or past proposals and see information including:
This page also allows token holders to vote on active proposals by connecting their crypto wallet. Users can choose to vote for, against, or abstain from proposals.
While many voting and governance tools require you to own tokens in the protocol itself to see data, Tally’s data is open for everyone to see.
On-chain proposals are reviewed before voting periods open, so any bugs should be caught before a proposal is voted on.
Since code is included in each proposal, there’s no ambiguity in what people are voting for. This means that on-chain proposals and their outcomes are defined upfront.
Tally doesn’t require multi-signature authorization, so successful proposals are self-executed and happen automatically.
Tally only works with protocols that use Compound or OpenZeppelin, so the voting mechanism may not be available to all DAOs.
Most logins are via wallet addresses which encourages anonymity. Tally is working to move more people to link social profiles to tie votes to identity.
Sending reminders before each proposal opens and closes could increase the percentage of community members that vote.
Non-technical members may not understand code-focused proposals, so we suggest keeping the jargon to a minimum and enabling them to ask questions about aspects they don’t understand. Although all proposals are on-chain, and therefore involve code, non-technical members should still be encouraged to participate.
Currently, proposals don’t include a native chat or comment feature where people can ask questions. However, Tally confirmed this feature is on their roadmap.
For an in-depth look at how Tally works, take a look at their help docs.
Listen to Tally’s CEO, Dennison Bertram talk about DAOs on the Mission: DeFi podcast.
Check out some of the largest protocols on Tally and start voting on protocols.
Tally Wiki: https://wiki.withtally.com/docs