TechFlow news, April 22 — According to CoinDesk, Tally, a provider of decentralized autonomous organization (DAO) governance infrastructure, has raised $8 million in a Series A funding round led by Appworks and Blockchain Capital, with participation from BitGo and others.
Tally will use the funds to scale its governance technology and incentivize DAO governance participants through staking mechanisms. The company's Tally Protocol provides on-chain governance infrastructure for multiple major protocols including Arbitrum, Uniswap DAO, and ZKsync. Users can stake governance tokens to receive Tally liquid staking tokens (tLST), earning passive income while retaining voting rights.
Tally CEO Dennison Bertram said that as the U.S. regulatory environment becomes clearer, institutional willingness to participate in DAO governance will significantly increase.
