You can now swap tokens inside your Tally Ho Wallet! Tally Ho Swaps work just like MetaMask Swaps—except they're almost half the cost and all fees go straight to the community.
ICYMI, Tally Ho is a community-owned web3 wallet that has been redesigned from the ground up. The Tally Ho Swaps feature provides DeFi users with a new way to swap tokens. Tally Ho uses Blocknative for superior gas estimates and 0x to get you the best exchange rates. And all fees go back to the community, via the Community Multisig.
For the time being, all fees will be safely stored in a community multisig until we launch the DAO. You can read more about the Community Multisig here.
How to Use Swaps in Tally Ho
Once you’ve clicked into Swaps, you can swap tokens in 3 easy steps:
- Select tokens to swap and configure swap settings
- Approve Asset: sign transaction
- Finalize Swap
Tally Ho Swaps vs. MetaMask Swaps
We’re not going to re-hash all the differences between Tally Ho and MetaMask here, but if you're learning about Tally Ho for the first time, check out this blog post:
In October 2020, ConsenSys launched in-wallet swaps on MetaMask. However, they began charging exorbitant service fees (as much as 1% per swap!), with none of the fees going back to the community (or, seemingly, product improvements). Over the last year, MetaMask’s in-wallet DEX aggregation made a cumulative $237 million in revenue from service fees charged to its users.
Imagine what this revenue could do if it went to a community-owned DAO? That's the question we asked ourselves when beginning work on Tally Ho over a year ago.
It can go towards funding public goods, for example, like Tally Ho has pledged already through the Gitcoin Aqueduct.
Join the Community
If you’re passionate and devoted to community ownership and open source, we'd love to have you join the pack!
The best way to get your paws on everything Tally Ho is to join our Discord.
There’s more than one way to contribute to the Tally Ho community.
- 👩🏽💻 Developers, check out our repo on GitHub and jump into the #super-shaddowy-doggos channel to lend your skills to the Tally Ho code.
- 👨🏽💼 Also, get Tally Ho integrated into a dApp through the #integration-support channel.
- 👩🎨 Designers, writers, and anyone who’s interested in contributing to Tally but might not have dev experience can check out our Pawdnership packs, a working group dedicated to getting the Tally Ho community involved in the business development process.
If you'd like to be involved in governance, consider becoming a delegate! Applications are still open, and with the DAO launch quickly approaching, the time is now. Find full details about applying, and the delegate process here.