the onchain thesis
the Tally newsletter, issue 112
welcome back to the Tally newsletter, your weekly source for DAO governance insights. i'm coolhorsegirl and i’m so happy to be here. 🟣
“the onchain thesis”—the reason Tally serves decentralized organizations that govern onchain. in this issue, we’re breaking down exactly what that means to us.
we’ve got a just a few proposals live this week: Arbitrum’s to adjust parameters in Arbitrum One governance and NounsDAO’s to take the final steps to get their purchased sculpture to its home in Manhattan. and we’re going to NYC, soon, too. let’s get into it 👇
🤿 deep dive: the onchain thesis
in the rapidly advancing world of decentralized systems, onchain governance stands as a transparent and equitable mechanism. this structure ensures that all decisions, proposals, and votes are meticulously recorded on the blockchain. at Tally, we believe that truly decentralized organizations operate onchain.
the blockchain's inherent security features are a cornerstone of onchain governance, significantly reducing the risk of fraud or manipulation. this trustless environment, where rules are automatically enforced and executed, eliminates the need for intermediaries. integrity is guaranteed.
moreover, onchain governance encourages inclusivity, allowing any token holder to participate in the decision-making process, regardless of their geographical location or the size of their holdings. this democratic approach ensures that the perspectives and interests of all stakeholders are considered, fostering decisions that resonate with the broader community. inclusivity is prioritized.
by automating processes such as the distribution of rewards or the execution of approved proposals, onchain governance reduces the need for manual intervention and minimizes the risk of human error. this efficiency allows the community to focus more on innovation and development, paving the way for a smoother operational flow. security is strengthened.
onchain governance offers a promising pathway towards a transparent, inclusive, and secure future. it leverages blockchain the way it should be: to foster trust and collaboration among its users. join Tally as we navigate this evolving landscape, bolstering community-driven decision-making at the heart of onchain governance.
⌛️ onchain proposals
summary: addresses three independent issues with the Arbitrum One governance system: (1) updates the airdrop distributor fee sweep address to the DAO treasury’s address, (2) changes sequencer gas fee reimbursement parameterization, and (3) amends L1 core governance timelock scheduleBatch Bug.
voting ends: september 7th
Summary: 9 ETH to fund the transportation and installation of Dustin Yellin’s sculpture at Zero Bond and back to the artist's Brooklyn studio at the conclusion of the loan period.
Voting ends: september 7th
📝 what we’re reading & listening to
📄 “Secret Notes And Anonymous Coins: Examining FinCEN’s 2019 Guidance On Money Transmitters In The Context Of The Tornado Cash Indictment” by Benjamin Gruenstein, Evan Norris, and Daniel Barabander
we know the Tornado Cash decision has huge implications across crypto. but is the DOJ justified? for anyone interested in regulation, this paper does a great job explaining how DOJ ignored FinCEN's guidance on the definition of "money transmitter."
🎧 "Journey of a transaction w/ Jill Gunter” on On the Other Side
what happens after you submit a transaction? a technical explainer for us non-techies. MEV, sequencers, different types of L2s—all are covered.
🐦 ”the biggest crypto innovation of 2023? the discourse” by David Phelps
a cool walk-through of the year honing in on the importance of “social consensus”—what David believes bolsters ETH’s use case as a gas token compared to the tokens of popular rollups.
💫 DAO talk: for all the DAOs || DT weekly ep. 53
🤭 meme of the week
going to Messari Mainnet? we’ll be there too, from september 18th. we’re holding an event on the 21st at Reception Bar and we’d love to meet you—mint an invite from september 8th onward.
~ coolhorsegirl 🐴
p.s.- another day, another dog client—this is Prince Charles. i am edinburgh’s most prolific dog watcher (verifiably, i am ranked #1 on the app).