On-chain DAO platform Tally proposes new governance structure for MakerDAO

The on-chain DAO platform Tally pitched the new governance proposal on Feb. 15 to the MakerDAO community.

The proposed Tally governance structure would allow for:

• Query of on-chain OpenZeppelin Governor DAO data.
• Trustless treasury management and protocol upgrades.
• Well-designed UI — maintenance-free, no code.
• List Governor contracts, on-chain proposals, & accounts with delegations.

OpenZeppelin Governor

Tally uses what is known as the OpenZeppelin Governor — a front-end app that allows users to create and vote on proposals in an easy to deploy interface — which it services to a number of larger DAOs in the Ethereum ecosystem.

“Anyone who has tried to build a DAO understands that it is super tough to get a proposal over the line,” said Chris Rusyniak, lead engineer behind Tally — adding that the MakerDAO community should consider allowing OpenZeppelin Contracts to delegate to SubDAOs.

Tally uses this to prevent what in DAOs is known as “knowledge siloing,” which can impede development and dampen innovation. 

“The Endgame Plan is based on reorganizing the existing decentralized workforce ecosystem into new self-sustainable SubDAOs. Since each SubDAO is a DAO, it will have its own unique governance token, governance processes, workforce, and interfaces.”

Tally is hoping that members of MakerDAO will use its protocol to create and vote on proposals, airdrops, delegate tasks and create forms of SubDAO governance using its protocol. 

MakerDAO

MakerDAO is an entity that creates technology for borrowing, savings, and a stable cryptocurrency on the Ethereum blockchain. One of their offerings is DAI, a stablecoin on the same blockchain that is designed to maintain a value as close to one U.S. dollar as possible. This is achieved through a network of smart contracts and decentralized participants who are incentivized to undertake maintenance and governance functions.

MakerDAO (DAI) is a top 70 token, up nearly 50% year-to-date, with a total cap of $736 million.