A governance and smart contract management solution called Llama has successfully secured a $6 million investment. The funding round was spearheaded by investment firms Founders Fund and Electric Capital.
Llama is a governance application that manages smart contracts and permissions on behalf of protocols. The fundraise comes amid what some perceive as stagnation on the part of DAOs when it comes to innovative approaches to governance.
Llama told Blockworks that its full stack platform would streamline governance.
“Currently, the space is very fragmented,” Llama co-founder Austin Green said. “There really isn’t one unified place that has the full stack for you to manage roles…
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