Open Dollar: airdrop & call for delegates
the Tally newsletter, issue 126
happy 2024! welcome back to the Tally newsletter, your weekly source for DAO governance insights. i'm coolhorsegirl and i’m stoked to be here.
this week, we're excited to announce our partnership with Open Dollar and their DAO launch (that means $ODG airdrop). and today is just the start of many developments leading to Open Dollar's mainnet launch in mid-february. you can register as a delegate now.
we’ve also got a few proposals live in Arbitrum—including a potential to pay delegates—and NounsDAO. let’s get into it 👇
🤿 deep dive
we're excited to share that Tally is partnering with Open Dollar, a stablecoin protocol on Arbitrum, to launch their DAO! today, they’re kicking off a call for delegates before Open Dollar's $ODG token airdrop. this marks the start of a series of events leading up to their mainnet launch in mid-february.
Open Dollar offers a unique approach to asset management with its Non-Fungible Vaults (NFVs), allowing users to leverage their LSTs for low-interest loans while maintaining their staking yield. the DAO aims for governance minimization—true decentralization achieved when a system operates without the customary bureaucratic layers of decision-making.
for those interested in the $ODG airdrop, check your eligibility here. the airdrop is set to begin on january 17th and will be open for 60 days for those on the list. if you're not on the list this time, there will be more opportunities in the future. ALSO (listen up!!), Open Dollar is calling for delegates! you can register as a delegate for Open Dollar here.
as we approach Open Dollar's mainnet launch, there’s more than just the airdrop to look forward to. there's also an audit with Quantstamp underway and presence planned at ETH denver. in the meantime, you can also dive into Open Dollar’s docs and check out our DAO talk interview with founder joseph schiarrizi where we discuss how Open Dollar works, what governance (and ungovernance) looks like, and their vision for the future of DeFi.
⌛️ onchain proposals
💙 Arbitrum
[Updated] Proposal to Establish the Arbitrum Research & Development Collective
summary: 1.76m ARB to fund an R&D collective, a fork of the Arbitrum Coalition proposal. it has mandates including forum proposal review and assistance, review of onchain proposal code updates, quantitative assistance, and project management.
voting ends: january 23rd
[UPDATED] Experimental Delegates Incentive System
summary: if passed, this will be Arbitrum DAO’s first trial in paying delegates. huge. the trial will last 6 months for and distribute up to 1,500,000 ARB incentives to up to 50 eligible delegates.
voting ends: january 23rd
🟡 NounsDAO
Summary: 115k to fund development of bound.wtf as a platform for awarding small/micro grants to creators in the Nouns ecosystem for one quarter.
Voting ends: january 13th
🤭 meme of the week
interested in optimistic governance? so are we! you can learn more about what optimistic governance is and how we’re looking to implement it in our docs. as always, you can reach out to biz@tally.xyz to talk more about premium features.
~ coolhorsegirl 🐴
p.s.- the Tally team has met up IRL for our offsite in costa rica! we’re exploring the jungle and hitting the grind. while we’re even going to go horseback riding (my time to shine)!
