Tally announced back in March it was stepping out of governance, and the reaction I kept seeing was basically “if even the tooling companies are quitting, onchain voting is finished.” I think that read points at the wrong layer.

The vote itself is a contract. Optimism, Uniswap, and ENS governance keeps executing whether or not any one company maintains a frontend for it. A UI shutting down is a UX problem, not a governance failure, nobody said Ethereum died when a block explorer went offline.

What’s actually load-bearing is the unglamorous infra around the contract: the relayers that make voting gasless, the indexers, the calldata decoders that show you what a proposal does before you sign. Gasless voting in particular only works as long as someone keeps funding the relayer. That’s the dependency that breaks when a vendor leaves, not the governor itself.

So the question after Tally isn’t “is governance dead,” it’s narrower and way more boring: who keeps the relayers paid and the decoders patched once the company stops doing it, and is your stack actually forkable or are you locked in. i haven’t seen many DAOs answer that part cleanly. written with s4lai

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You might also be interested in reading 0.3% fall in assets “could render Tether technically insolvent” — WSJ.