Community Multisig Deployed

Michael Haley -

As we rapidly approach the DAO launch, it’s important to keep increasing community stewardship over all facets of Tally Ho.

That’s why we’ve created a volunteer-led Community Multisig. The Tally Ho Multisig has been created for a single purpose: to safeguard Tally Ho Swap fees until the DAO treasury is live. You can see the Swaps announcement here.

After the DAO launches, the treasury will receive Swaps fees and the Community Multisig will act as the default “emergency governance,” which the DAO can accept or reject.

Multisig

The Tally Ho Community Multisig address is: 0x99b36fDbC582D113aF36A21EBa06BFEAb7b9bE12.

It’s a 3-of-5 Gnosis Safe, created on Feb 2, 2022:

All five signers are volunteers and Discord moderators who have helped steward Tally Ho for 6 months or more:

  • 🔑 East: 0x2844a0d6442034D3027A05635F4224d966C54fD7
  • 🔑 Askar: 0x7BF1cC6dd268fC92a16A49dB59b6e9803f33a81a
  • 🔑 jvk: 0x8be60fe9F7C8d940D8DA9d5dDD0D8E0c15A4288B
  • 🔑 daylight: 0xcaE6eb19f010abdADAdCCBBEA812cc3878a7E25c
  • 🔑 naxsun: 0xd0415Bda753b6C3d9fc24e3556Ea7101599678A5

Matt Luongo began organizing volunteers into a private Discord room for verification on Jan 7, 2022. Each signer confirmed their addresses and participation on both Discord and through one or more E2EE messaging apps. On Feb 2, the multisig was created, tested with a 5-of-5 policy, and then converted to 3-of-5 policy. On Feb 11, the first Swaps transaction from a Tally Ho QA build deposited funds in the Community Multisig.

Governance Power

Tally Ho is using the Community Multisig for a single constrained function. It will safeguard Tally Ho Swap fees until the DAO launches, and has no further governance powers. The Community Multisig:

  • Will NOT act as the Tally Ho DAO Treasury
  • Will NOT issue Grants or vote on protocol or feature updates

How to get involved

👀 The Tally Ho DAO will be launching soon! So stay tuned. If you’d like to be involved, join our community on Discord. And if you’d like to help govern the DAO, volunteer as a DAO delegate to represent your fellow users!