MultiGov™ is the future
Wormhole, Tally, and ScopeLift Announce ‘MultiGov,’ the First-Ever Multichain Governance System
welcome back to the Tally newsletter, your weekly source for DAO governance insights in the Tally ecosystem. i’m ellie and this week we’re talking all things MultiGov™.
✦ DEEP DIVE
you may have seen our recent announcement that Wormhole, Tally, and Scopelift have partnered up to create the world’s first-ever Multichain governance system: Multigov™. You can check out the full announcement with all the details & links on the Tally Mirror (featuring some pretty dope cover art ;)).
what is MultiGov™, you ask?
until now, DAOs have only operated on a single chain (usually Ethereum mainnet), but as rising gas prices and shiny L2s have users distributing themselves across the ecosystem, MultiGov™ enables users to operate their DAO on multiple chains. Allowing users to participate in governance from wherever they are is a big deal.
MultiGov™ will support multichain DAOs across Solana, Ethereum mainnet, and EVM-compatible L2s; as more projects expand to multiple chains, MultiGov™ will lower barriers to DAO participation and increase user reach in nearly all major ecosystems. We mean it when we say the future is MultiGov™. Governance is becoming chain agnostic.
how does it work?
From the MultiGov™ announcement:
“MultiGov™ implements a hub-and-spoke governance model. This model combines well-understood building blocks – governor, timelock, cross-chain token transfers, and cross-chain messaging.
On the "hub" chain, a DAO using MultiGov™ has a standard ERC20Votes token and OpenZeppelin Governor with the Flexible Voting extension. The hub can be any supported EVM chain. Token holders can choose to natively transfer their hub governance tokens to spoke chains.
On each "spoke," there is a native governance token and a spoke Governor contract. The native governance token keeps track of voting power on that chain. When there is a proposal, token holders on that spoke chain submit votes to the spoke Governor. Votes on each spoke Governor can be aggregated and sent back to the hub chain via a cross-chain message. Users who are on the hub chain can submit votes directly to the hub chain Governor.
When the voting period is over, the hub chain will tally the votes it has collected from all the spoke chains and from users who submitted directly on the hub. If the proposal passes, it is executed on the hub chain, and sent to each of the spokes for execution via a cross-chain message. Creating new proposals to vote on follows a similar design, where proposals are created on the hub chain and then broadcast to each spoke chain.
For a deeper dive into how it works, check out Raf’s Eth Denver Talk on Multichain DAOs.”
TL;DR
In case you couldn’t tell by now, MultiGov™ is pretty awesome. DAOs can operate on new networks, lower gas costs, and focus less on connecting a fragmented community and more on meeting users where they’re at.
DAOs governed by users on ANY chain. Really.
Wormhole DAO
The Wormhole DAO will be the first to utilize MultiGov™, and will enable $W token holders to govern the Wormhole protocol on any chain. Tally is excited to partner with Wormhole to not only bring the DAO ecosystem MultiGov™ but to also help launch & grow the Wormhole DAO.
If your DAO is interested in implementing MultiGo, you can reach out to contributors at Wormhole, Tally, and ScopeLift by submitting this form.
❉ ONCHAIN PROPOSALS
Expand Tally Support for the Arbitrum DAO
Tally has contributed to the Arbitrum DAO as a service provider since the DAO was created one year ago, serving as the home for onchain governance, security council elections, and delegation. We’ve gathered feedback about how we can improve our support for Arbitrum through many conversations over the past year with DAO stakeholders including delegates, contributors, and Foundation representatives. We propose to expand our support for the Arbitrum DAO by improving the proposal process, upgrading the Governor contracts, and highlighting delegate contributions. We also propose to ensure that the DAO is set up for success by researching specifications for partial delegation and shielded voting.
voting period ends:April 12th.
ENS gasless voting:
nice. ENS DAO members vote free on tally.
☻ ECOSYSTEM UPDATE
check out last week’s Tally ecosystem update and keep an eye out for more videos like this one dropping every friday!
☻ DAO TALK
this week, tommy sat down with Tally CTO and Co-Founder, Rafael Solari. tune in to hear about MultiGov™, our partnership with Wormhole, and the future of the DAO ecosystem.
❀ MEME OF THE WEEK
see you next week!
- ellie