Introduction

In the last years we have seen the trend of self-custody wallets grow more and more: many CEX have their own wallet, such as Coinbase (Coinbase wallet), Binance (Trust wallet), Crypto.com (Crypto.com DeFi wallet) and so many others. Well-known companies such as Robinhood, Revolut, Gamestop and HTC have recently joined. This is good news, because companies such as those just mentioned are fundamental for the transition from the FIAT world to the crypto world and therefore to accelerate future mass adoption. However, we cannot be satisfied with these solutions that do not reflect the ideals of freedom, security and ownership of the crypto world. The fact that they are all self-custody wallets is not enough to guarantee maximum security. How can we be trusted if the code is closed and owned by a private company? Who assures us that this company does not act in bad faith or is forced in the future to track or block our activities on behalf of a government? In addition to security, there are many other features that a wallet should satisfy, such as multichain support, a simple and pleasant UX/UI, the possibility of swapping tokens, providing liquidity, interacting with apps from the gaming world, to manage the tracking of activities, etc.

Tally Ho! has been in development since 2020. Currently there is a downloadable beta version for the major browsers and major chains (Ethereum and Polygon), but the updates are continuous (at least once a week) and you too can contribute to the development, as a developer or simply by proposing new features or reporting any bugs. Furthermore, like many other DAOs, Tally Ho! will also release their own token  (DOGGO) which will be used for governance and as an incentive to use related services.

DAOs, as is known, are based on smart contracts, so the code that executes these governance processes is publicly visible and controllable at all times, but the most interesting part is about the income of the DAO: like a real company, the DAO will finance itself thanks to the commissions on swaps.

Tally Ho in-wallet swaps currently run using 0x protocol, and charges a modest 0.5% of all trades in fees. More importantly, those fees flow to the DAO.

Tally Ho! The wallet built by users at the service of users

There is a famous quote from Warner Buffet that says: "Only when the tide goes out do you discover who's been swimming naked." The tide has now gone out and many crypto traders have remained shamefully naked, thus showing all their weaknesses. Terra and Do Kwon (and all the funds / people involved with Terra), Celsius, Three Arrows Capital are just some examples of how nobody can be trusted. When you entrust your money to a third party, you don't really know how it is used and above all what level of risk you are running. In reality, the DeFi that many thought of as dead is alive and well and with these episodes it has even strengthened. We see this more and more with the growth of Ethereum layer 2 and other L1 alternative. However, you need an open source and a community-owned wallet in order to invest in DeFi or to hold our funds. Metamask, you may not know, was open source but then in August 2020 it decided to limit the use of its code.

With the introduction of the swap he managed to generate more than 400 million dollars, but nothing was given to the users of the community and especially to the developers who contributed to the growth and success of the project.

Furthermore, Metamask could limit access to some countries as it has happened in the past due to its default connection with Infura nodes. The future integration of Tally Ho! with the Pokt network, this will allow you not to depend on a single centralized service provider.

What is happening with Metamask does not surprise us. This has already fallen in the past with the Internet, initially born free and not very centralized, but then over the years ended up in the power of a few hands (Google, Microsoft, Facebook, Amazon, etc.). The risk of this centralization, well described in a blog article, is high and the only way to overcome it is decentralization. The new web3 will be created by decentralized apps designed and built to measure at the service of the user and not to exploit the user, his identity and his data. From this idea of freedom arises the need to have a tool that acts as the control room of our funds, which allows us to manage the complexity of the web3 and make it simpler and more enjoyable than that of the web2. This tool is already in development, it's called Tally Ho! and it is a wallet built by users at the service of users. First of all, this wallet, ensures the custody of the assets. In fact, being owned and managed by its users, there is no possibility that a centralized entity can take it offline or limit its access. It is also possible to check the behavior of the wallet, for example if there are malicious backdoors in the code because this is open source and audited.

Secondly, Tally Ho! will allow more immediate access to the thousands of services that already exist on the web3, such as DeFi, gaming, NFTs, social media, etc. One of the main activities of the Tally Ho! team is integration with the most important web3 projects. Among the integrations we mention Unstoppable domain and ENS which allow respectively to recognize .eth or unstoppable addresses (eg .crypto, .wallet and others) directly in the wallet. Tally Ho! was also featured on the Gitcoin project list and has raised more than $50K in donations to date. Other projects have been integrated and even more are planned for integration. Among these we find Zerion, Lido, Pokt etc. Every Friday at 2 PM ET we have a community call with a guest from a new web3 project, so if you want you can come and visit us in Discord.

As already mentioned it is possible to start using a beta version of Tally Ho! (it is better if you use a new wallet with little funds). Below are the current and future features of Tally Ho! defined according to the roadmap:

Current features

• Support for Ethereum and Polygon chains (many more coming soon)
• Ability to add a read-only wallet
• Ability to manage multiple seeds for better management and distribution of your funds
• 24-word seed support for better security
• Ledger support
• Automatic recognition of ENS and Unstoppable Domain addresses
• Possibility of accessing Dapps without unlocking the wallet
• Open source source code under the GPLv3 license. GPLv3 essentially means that Tally Ho will remain open-source and community-controlled forever and that any project that forks our code must be open-source
• Completely new source code, Tally Ho! it is a wallet built from scratch, it is not a Metamask forum or anything else
• Audit: Tally Ho! it was built according to the best security best practices and the security philosophy. This was one of the reasons why code from other projects was not reused.

Upcoming features

• Multichain support (Ethereum L2, including Optimism and Arbitrum, later Stark Net and Zk-Sync)
• NFT support
• Wallet Connect
• Pokt integration
• Custom RPC support
• Referrals
• Earn
• Token claim flow
• Swap rewards

So, what are you waiting for? Join our community now, there are so many roles to become the protagonist of this fantastic journey! Start reading some blog articles, download the extension and try it out. If you are interested in becoming more involved in our community, go to our Discord server and join the conversation.