Llama, an access retain watch over and governance platform for neat contracts, presented on Monday a $6 million seed funding spherical led by Founders Fund and Electrical Capital.

The platform is now continue to exist all Ethereum Virtual Machine (EVM)- properly matched blockchains, based fully on the announcement submit.

San Francisco-based fully mission capital firm Founders Fund, co-based by billionaire investor Peter Thiel, led the spherical. The firm, which was as soon as based in 2005, invests within the future of all phases and sectors and its portfolio companies encompass Lyft, Fb, SpaceX and Stripe.

Founders Fund gained some crypto skills earlier this year when Joey Krug left his aim as co-chief funding officer at crypto investing giant Pantera and joined the firm.

Llama targets to earn it easier and extra real for teams to identify governance for its protocols. The platform permits protocols to stipulate granular roles and permissions for executing transactions, similar to protocol upgrades, fund transfers, parameter changes, security updates or emergency pauses within the match of a liquidity crisis. The team can grant participants the stage of permission energy wanted for their respective roles. Llama users can furthermore assign explicit principles for token approvals and transfers. An on-chain protection engine makes the surroundings of permissions and roles a clear job.

“On the present time, protocols are spending beneficial engineering resources forking originate-offer frameworks, integrating complicated access retain watch over modules, and hacking together custom frontends. Llama gives a tubby-stack solution for access retain watch over and governance that lets teams focal point on what they attain most racy: constructing their core product,” wrote the Llama team within the announcement submit.

Other traders within the spherical integrated Elad Gil, Sandeep Nailwal (co-founder of the Polygon blockchain), Stani Kulechov (founder of lending protocol Aave), Will Gaybrick, Delay Partners and FJ Labs.