[KIP 0000009] Emergency Proposal to Appoint Rygel and BK as interim signers of the DAO Multisig wallet.

Abstract

This proposal seeks to appoint Rygel and BK as interim signers or the DAO multi sig wallet. Due to inactivity for months, MJG and Adrian have demonstrated resignation. The proposal is submitted under the "extreme emergency" status to ensure prompt action.

Motivation

Adrian and MJG's resignation from the DAO committee has left a vacancy that impacts the DAO’s ability to maintain the functionality and security of its multisig wallet. The DAO bylaws explicitly require the multisig to operate with 3-of-5 signers, providing both security and flexibility.

In contrast, a 3-of-5 configuration allows for two signers to be unavailable while still enabling quick action in the event of a security incident, such as pausing the ERC20 contract or freezing a hacker’s wallet. Maintaining the 3-of-5 configuration ensures the DAO can act swiftly and decisively in urgent situations without being bottlenecked by signer availability.

Therefore, appointing Rygel and BK as interim signers will restore the multisig to its full capacity, allowing for prompt action in the event of security risks.

Implementation

Immediate Appointment of Rygel and BK:

• Rygel and BK will be added to the DAO’s multisig wallet changing it to a 3-of-7 configuration temporarily.
• Adrian and MJG will be removed, restoring it to a 3-of-5 configuration.

Timeline

Upon approval of this proposal, Rygel and BK will be added to the multisig wallet, followed by the removal of Adrain and MJG. This process will be completed within 48 hours under the extreme emergency status.

Total Cost

There is no direct financial cost associated with the implementation of this proposal.

Extreme Emergency Proposal

Why has this proposal been declared an extreme emergency by the Committee?

This proposal has been declared an extreme emergency due to the critical need to maintain the 3-of-5 signer configuration required by the DAO bylaws. Operating with absent committee members compromises the DAO’s flexibility.

What kind of unbearable damages would be caused to the DAO or to other people or entities if the proposal wasn't declared an extreme emergency?

If this proposal were not declared an extreme emergency, the DAO would be forced to operate with two absent signers, which reduces the DAO’s ability to act quickly in security-related situations. This could lead to delays in critical actions, such as pausing the ERC20 contract or freezing wallets of malicious actors, resulting in potential financial loss and damage to the DAO’s reputation.

What alternative solutions could mitigate these damages, and why has the "extreme emergency" status been preferred to them?

Alternative solutions, such as waiting for a full nomination and election process, would leave the DAO in a vulnerable situation for an extended period, during which the DAO’s ability to respond to security risks would be hindered. The extreme emergency status has been preferred to expedite the process, ensuring the DAO's multisig returns to the 3-of-5 configuration as quickly as possible.

Voting Requirements for Extreme Emergency Status

This proposal will proceed directly to the voting phase, supported by the required number of senior members based on the number of committee members who approve the "extreme emergency" status:

• 20 senior members if supported by 3 Committee members
  • 20 ✔️ by senior members on proposal final draft
  • Committee Sponsors: Iza, Otto, Zorden
• 15 senior members if supported by 4 Committee members
• 10 senior members if supported by 5 Committee members

Voting Instructions

• Yes: A Yes vote supports BK and Rygel acting as interim signers in place of MJG and Adrian.
• No: A No vote opposes BK and Rygel replacing MJG and Adrian and supports finding other iterim signers.
• Abstain: not counted in the final outcome.