Applicant Name: Frisson
Project Name: Tally
Project Description: Tally is the most popular onchain governance app, powering many important onchain organizations within the Ethereum ecosystem such as Uniswap, Arbitrum, Gitcoin, ENS, and Compound. Tally provides an end-to-end decentralization stack, making it easy for teams to launch governance, ship software upgrades, and fund initiatives.
Team Members and Qualifications:
- Frisson (VP of Growth at Tally , Arbitrum Delegate, Founder of Content Guild , Founder of DAO NYC)
- Dennison Bertram (Founder and CEO of Tally , Builder of Tally Zero, Founder of Dope Wars , Builder of Safeguard & much more )
- Rafael Solari (Founder and CTO of Tally , Committee Member of Uniswap Deployments Accountability Committee)
Do You Acknowledge That Your Team Will Be Subject to a KYC Requirement?: Yes
Detail the requested grant size, provide an overview of the budget breakdown, specify the funding and contract addresses, and describe any matching funds if relevant.
Requested Grant Size: 200k ARB
Grant Matching: n/a
The purpose of this grant is to incentivize growth of the DAO ecosystem on Arbitrum and Arbitrum Nova. Today, Tally supports over 500 DAOs with a collective TVL over $10 Billion. DAOs have moved over $100 Million via Tally proposals. The Arbitrum DAO itself is one of Tally’s power users, representing almost $4 Billion in TVL. However, outside of the Arbitrum DAO itself, the DAO ecosystem on Arbitrum is still nascent. Tally supports only 9 DAOs on Arbitrum and 0 on Arbitrum Nova. We believe a healthy onchain DAO ecosystem is one of the most important signals of ecosystem quality and staying power. The best projects in crypto are managed transparently via onchain governance, where no one entity or group controls the admin keys. Application leaders across Ethereum like Uniswap, ENS, and Compound use Tally because it’s the standard for operating onchain governance. Arbitrum is a DeFi rich environment, which would provide DAOs multiple ways to natively deploy a treasury leveraging the countless native protocols on Arbitrum. We believe incentivizing existing and new protocols on Arbitrum to deploy onchain governance and operate on Tally will drive sustainable growth in the ecosystem.
Funding Address: arb1:0x50Db58E1774CB7922d1bF96a267b52e8bb41c0ce
Funding Address Characteristics:
Tally company Safe multisig 2/3 on Arbitrum with Frisson, Raf, and Dennison as signers
The incentive funds will be deployed into the Governor contracts of Arbitrum DAOs on Tally, including DAOs that are currently live on Tally and DAOs that are created during the incentive program period. I’ve included the current list of Governor contract addresses below (excluding the Arbitrum DAO itself). The future addresses are unknown at this time, but will be included once deployed.
- SWEEPR 0xC0507cFC6A9E65894C05C1c5b193C7B58b36791f
- Immutable 0x8FBF62eEA6Dc9493836A182DD66db02bFfF10695
- London DAO 0x936139366c5db48543368EE9cD075267d176a02c
- Odyssey DAO 0xbCC46a8D83B6f16e5b8A99116B4467B82EB04F01
- GMX Blueberry Club 0x28C3ABA27542e0680Cc3706AEdebFA40bBF9AF1E
Clearly outline the primary objectives of the project and the Key Performance Indicators (KPIs) used to measure success. This helps reviewers understand what the project aims to achieve and how progress will be assessed.
We intend to leverage the funds to drive adoption of onchain DAOs on Arbitrum. Tally is the industry standard application for onchain governance. We are already speaking with multiple protocols and dev teams who are interested in deploying their DAO on Tally or migrating their existing governance to Tally. We will use these funds to incentivize those teams to make Arbitrum their home.
Key Performance Indicators (KPIs):
Number of DAOs deployed on Tally
TVL growth of Arbitrum DAOs on Tally
Amount of value transferred via Arbitrum DAOs on Tally
How will receiving a grant enable you to foster growth or innovation within the Arbitrum ecosystem?: We will directly use the grant to incentivize existing DAOs on Arbitrum to grow and to attract teams to operate their DAOs on Arbitrum. Governance is at the heart of any protocol. Growing DAO-managed assets on Arbitrum leads to protocol growth (the Arbitrum Short Team Incentive Program being a perfect example). We have an existing pipeline of customers who are planning to launch and/or grow their governance on Tally. We will deploy incentive funds directly into the governance contracts of those DAOs.
Justification for the size of the grant: We plan to offer an average grant size of 10k ARB to incentivize ~20 protocols to grow their DAOs on Arbitrum. We will scale the grant size up or down depending on the TVL of the DAO. We will implement a minimum TVL and other requirements (must pass at least one proposal) before the grant is given out.
Execution Strategy and Timeline: We plan to actively work with projects to grow and deploy on Arbitrum and anticipate being able to deploy the grant by Jan. 31, 2024. Execution will be a manual, careful, partnership-based process that involves working closely with projects to grow their existing governance contracts and deploy new governance contracts on Arbitrum.
Do you accept the funding of your grant streamed linearly for the duration of your grant proposal, and that the multisig holds the power to halt your stream? Yes
Provide details about the Arbitrum protocol requirements relevant to the grant. This information ensures that the applicant is aligned with the technical specifications and commitments of the grant.
Is the Protocol Native to Arbitrum?: Yes. We have long supported Arbitrum and Arbitrum Nova. The Arbitrum DAO is Tally’s most important client.
On what other networks is the protocol deployed?: The current list of networks Tally supports can be found here: Network Support - Tally Docs
What date did you deploy on Arbitrum?: August 25th, 2022
- $10B of TVL in DAOs on Tally
- $100M of value transferred via Tally proposals
- 500+ DAOs on Tally
- 5,000+ proposals passed on Tally
Provide details on how your team is equipped to provide data and reporting on grant distribution.
Is your team prepared to create Dune Dashboards for your incentive program?: Yes, we will create Dune dashboards that provide visibility into all the Arbitrum DAOs on Tally that received grants via the incentive program funds, including details such as TVL, proposals passed, delegates, and votes. We have experienced data engineers at Tally who can deliver on this reporting.
Does your team agree to provide bi-weekly program updates on the Arbitrum Forum thread? Yes
Does your team acknowledge that failure to comply with any of the above requests can result in the halting of the program’s funding stream?: Yes