Remove Inactive Signer 0xEf3D...57D1

Summary

This proposal discusses the importance of active governance in decentralized systems like multisigs. It also proposes to remove inactive signers who don’t fulfill their duties to alleviate the quorum so that backup signers can perform their backup roles and not be active.

Details

Multisig wallets are smart contracts that call for the consent of several signers in order to carry out an action. They can be useful for protecting assets and ensuring that specific actions take place only after being agreed upon by the majority of signers. They also provide an audit trail that shows the signers who approved each action.

A multisig increases security through:

• Dividing responsibility: enforces split of responsibilities by mandating the decision-making of numerous signers;
• Avoiding a single point of failure: help protect against attacks or breaches of private keys.

Problem

Multisig wallets are designed to increase security, yet problems can still occur. Plus, there will always be a trade-off between security (having more signers makes it safer) and speed (having more signers also makes it slower).

The great advantage of blockchain is that there is no central authority. So no one can approve a transaction from the multisig except the full quorum agrees on it. However, the great disadvantage of the blockchain is also that there is no central authority, such as to override contracts at times when it is justified, or in the case of the inactivity from signers which would make it difficult for the release of any of its assets.

Solution

Multisigs are a straightforward answer to the problem of how to obtain permissions from a group when all group members are equal and membership doesn’t frequently change.

However, having backup signers is just one way to ensure that assets won’t be permanently trapped due to a broken or inactive quorum. Pruning and maintenance are still required for inactive members to be removed so the quorum can be decreased and backup signers don’t need to be active as their sole purpose is to be a backup in case of emergency.

The initial Eco Governance Proposal provided the Builders Ecollective with specific directives and obligations, such as but not limited to:

• Align with the values and priorities of the Eco community.
• Assist builders and community members.
• Promote decentralization, community engagement, or environmental sustainability
• Contributing to the development of infrastructure that supports the growth of the ecosystem as a whole.
• Promoting interoperability with other projects in the ecosystem.
• Develop value proposition, technical competency, and demonstrated ability to deliver on the scope of the project.
• Maintain reports that detail funds allocated and how those funds have been spent.
• Updates on the progress of projects, milestones achieved, challenges encountered, and any changes to the project’s roadmap.
• Compliance with relevant ethics, law, and regulation.
• Respond within one week to the community members seeking support.
• Vote on Governance via DAO within 72h.
• Sign and release funds from the Builders Treasury within 72h.

Builders are permitted to take a break from the group for any number of business or personal reasons, but they must inform the group in advance. Longer periods of non-participation in carrying out their duties will result in removal from the Core Signers, who are in charge of overseeing and maintaining the group.

Action

Based on the directives listed above and the failure to carry out any duties as a Core Signer of the Builders, such as not participating in discussions, weekly calls, helping community members, voting on our DAO, and signing on Safes to release funds for more than 2 months I request the following member to be removed from the Builders DAO and Safes (Grants and Escrow):

• Yulston with the address 0xEf3DA9c117Ad0C6C0ca36b3f71666fA0873d57D1

The signer had ample time and opportunities to engage in a candid conversation but instead chose to disregard the Builders and the entire community. Our quorum will lower to 4/4 as a result of removing the inactive member, meaning backup signers won’t need to constantly sign as their role is not to be active but rather a backup.