IIP-69: Update Funding Council Wallet Signers

Status: Proposed Author(s): @dylan @gregdocter @DarkForestCapital Created: 30th July 2021 Discussion-to: https://gov.indexcoop.com/t/iip-69-update-funding-council-wallet-signers/2259 Quorum: 99,742.95 [1,994,859*0.05]

Simple Summary

Update signers on the Funding Council Wallet.

• Replace signers @asoong & @setoshi with @darkforestcapital & @gregdocter.
• Change the multisig minimum signer threshold from 1-of-3 to 2-of-3.

Abstract

The Funding Council would like to update the Funding Council multi-sig signer setup in accordance with the Treasury Committee Hand Over Roadmap.

The proposed changes are:

1. Remove @setoshi & @asoong as signers.
2. Add @gregdocter & @darkforestcapital as signers.
3. Change the number of signers required to execute transactions from 1-of-3 to 2-of-3.

Motivation

As part of the Index Coop's journey of progressive decentralization, the Funding Council (previously known as Treasury Committee) has been identified as a key resource that needs better representation by non-Set Index Coop contributors. The Funding Council is actively working on this and has produced a roadmap for decentralizing control of the Funding Council Wallet. This IIP is mostly administrative, changing the signers of the Funding Council Wallet to match current Funding Council members, as well as increasing multisig security.

Specification

The proposed changes to the Funding Council Wallet will be executed with the Gnosis Safe UI.

1. Remove @setoshi & @asoong as signers.
2. Add @gregdocter & @darkforestcapital as signers.
3. Change the number of signers required to execute transactions from 1-of-3 to 2-of-3.

Copyright

Copyright and related rights waived via CC0.