Share this article
Tally Raises $1.5M to Boost On-Chain Governance in Compound’s DeFi Ecosystem
Notation Capital, Castle Island Ventures, 1kx and others invested in the governance dashboard.
By Zack Seward
Updated Sep 14, 2021, 12:28 p.m. Published Mar 18, 2021, 3:36 p.m.
A startup focused on good governance in the decentralized finance (DeFi) space has raised $1.5 million.
STORY CONTINUES BELOW
The investment in Tally was joined by Notation Capital, Castle Island Ventures, 1kx, Lemniscap and others.
The firm looks to improve an underdeveloped component of the $44 billion DeFi sector by building an easy-to-use governance dashboard. Protocol elections have yet to lend credence to the “governance token” moniker. Participation has generally remained low on decisions that dictate the fate of platforms with billions in locked value.
“If you look at Uniswap, if you look at Compound, it's difficult to understand what's happening,” Tally founder Dennison Bertram said in an interview. “Part of our mission around transparency is we think that governance works better when people can feel comfortable making a decision.”
The project will initially be focused on the Compound ecosystem but works with a number of other platforms. The project already received $50,000 from the Uniswap grants program.
“When we scale these protocols up, we have to help scale decision-making,” Bertram said. “The governance layer is just the first step to this.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ZKsync Lite to Shut Down in 2026 as Matter Labs Moves On
The company framed the move, happening in early 2026, as a planned sunset.
What to know:
- Matter Labs plans to deprecate ZKsync Lite, the first iteration of its Ethereum layer-2 network, the team said in a post on X over the weekend.
- The company framed the move, happening in early 2026, as a planned sunset for an early proof-of-concept that helped validate their zero-knowledge rollup design choices before newer systems went live.
Top Stories
