Governance Smart Contracts

With Governance Launch, Tally deploys the protocol’s governance smart contracts, including Governor and Timelock. These smart contracts enable fully decentralized onchain governance.

Included in Tally’s Governance Launch Service

Token with ERC20 Votes Deployment

Tally will deploy your token, a non-fungible, non-transferable token that can be minted and revoked by the Governor. ERC20Votes extension ensures that your governance token supports vote delegation and efficient tracking of voting power over time.

Governor and Timelock Contracts Deployment

Tally will deploy the Governor and Timelock contracts. The Governor contract facilitates the proposal and voting process, while the Timelock contract enforces a delay between the proposal's passage and its execution.

• Flexible Voting Tally’s flexible voting setup prepares protocols for more advanced governance structures. Flexible voting enables sophisticated governance models like MultiGov and partial delegation.

Governance Parameters Advisory

Tally provides detailed guidance on setting key parameters to ensure smooth and effective operation of the protocol’s governance system:

• Proposal Threshold, Quorum Requirement, Voting Period, Voting Delay, & Execution Delay, and more.