IIP: 155

Title: Update Investment Account Multisig

Status: Proposed Author(s): @Finance.Nest Discussion-to: https://gov.indexcoop.com/t/iip-155-update-investment-account-multi-sig/4279 Quorum: (5% of circulating supply) Created: 2nd June 2022

Simple Summary

This proposal seeks to modify the signers on the Investment Account Gnosis Safe. During recent efforts to deploy capital from this wallet we experienced difficulties in being able to find times where all signers were available.

Investment Account: 0x462A63D4405A6462b157341A78Fd1baBfD3F8065 1

Abstract

The 4 of 7 multisig configuration implemented from IIP–112 will be updated to be a 4 of 9, two signers are to be swapped out and two more added. @ahuja and @ncitron are to be replaced with the more active @Funkmasterflex and @allan.g. And add @Hammad1412 and @sidhemraj. Details around the type of assets held within the Investment Account are discussed in the Investment Account Strategy Details forum post and monthly Investment Account updates provided by @Finance.Nest

The strategies deployed within the Investment Account are expected to be updated more frequently in the near future as we are witnessing the yield across DeFi fluctuate with market conditions and also through direction from the council given some investors attitude to risk. There is also the possibility that capital from the Investment Account is to be used as collateral and therefore we need to ensure there are active and available signers on the account.

Motivation

We need to be agile to act quickly should we need to respond to market conditions, the signers being replaced have either left the coop or have become less active in recent months.

Specification

Amend the Investment Account signers as shown below:

Remove @ncitron Remove @Ahuja Add @FunkMasterFlex Add @Allan.g Add @Hammad1412 Add @sidhemraj The new signer structure will be:

The Investment Account will be a 4 of 9 signer wallet.

Voting

FOR:

DO remove @Ahuja, remove @ncitron add @funkmasterflex, @allan.g, @Hammad1412 and @sidhemraj. Also, update the account to a 4 of 9 multi-sig configuration

AGAINST:

DO NOT change the existing arrangement.

Copyright

Copyright and related rights waived via CC0.