[BIP-15] – Multisig Implementation and Members

Authors: @Morty

Summary Following the launch of BasisV2 on 26/4 and the passage of BIP-14, I propose to implement a Gnosis multisig that will control all aspects of the Basis Cash Protocol and eliminate the need for a timelock. The goal is to improve security for our users and facilitate quick deployments/fixes as needed. I propose to have 5 members on the multisig, with 3 signatures being required to approve any transaction (3/5). 3 Core Team members will join the multisig:

• Morty
• yyctrader
• 韦恩-Wayne

The remaining 2 slots will be filled based on the results of this vote.

Motivation Basis Cash was launched fairly, with 100% of Basis Shares being distributed to the community. It has always been the team’s intent to develop Basis Cash as a public good for the broader DeFi community, as a truly decentralized stablecoin with no single point of failure is sorely needed by the market. As we transition to a full DAO with the implementation of the multisig, I believe we must also ensure as a community that control of the Basis Cash protocol is also decentralized. As such, we have 11 worthy candidates that have volunteered to serve on our multisig.