Llama, a game-changer in the blockchain sphere, has just raised a staggering $6 million in a sensational seed round led by industry giants Founders Fund and Electric Capital. Notably, renowned investors like Elad Gil, Sandeep Nailwal, Stani Kulechov, Will Gaybrick, Amplify Partners, and FJ Labs have all eagerly backed Llama's mission.
Smart contracts have unlocked a treasure trove, accumulating billions in value. Yet, ensuring their security and governance remains a complex puzzle. Enter Llama, the dynamic platform that's all set to redefine access control and governance, adding a hefty dose of effectiveness and security into the mix. The excitement doesn't stop there; Llama is now live and kicking on all major EVM chains.
With Llama in play, teams can effortlessly deploy fully independent instances that meticulously define roles and permissions for executing transactions, aptly known as "actions." These actions encompass critical functions such as protocol upgrades, fund transfers, changes in protocol parameters, or triggering an emergency pause.
Llama isn't just another player in the crypto arena; it's a seasoned contributor to some of the biggest protocols and crypto communities. Projects like Aave, Nouns, Lido, dYdX, and ApeCoin have all benefited from Llama's expertise. The experience garnered from these endeavors served as the driving force behind the creation of a platform that crypto visionaries have longed for.
The core philosophy behind Llama is to usher in decentralization through access control. Each governance participant receives precisely the amount of power required to perform their designated task. Llama champions role-based governance, a strategy that empowers a range of workflows:
Risk Parameters: Risk managers can optimistically update risk parameters, with the changes executed following a time delay, unless token holders veto the move.
Protocol Grants: Grant reviewers wield the power to approve small grants with a low threshold but must secure a high approval threshold for larger grants.
Emergency Updates: Team members have the authority to activate an emergency pause with a high approval threshold, swiftly executing the action once the threshold is met.
Llama brings to the table an on-chain policy engine that empowers protocols to establish permissions for action creation and roles for action approvals and disapprovals. By maintaining an on-chain audit trail of roles and permissions, Llama offers transparency and peace of mind to users and investors.
Llama introduces native accounts, allowing teams to establish granular rules for token approvals and transfers. With the capacity to manage multiple accounts for distinct capital allocation decisions, Llama paves the way for a more sophisticated approach to treasury management.
In a world where protocols often expend vital engineering resources navigating complex access control mazes, forking open-source frameworks, and crafting custom frontends, Llama emerges as a savior. It provides a holistic solution for access control and governance, freeing up teams to do what they do best: innovate and build their core products.