KIP-13 l DAO Multisig Election 1

Summary: The proposal aims to elect 8 signers for a 6 months period that will manage the DAO multisigs, including proposals execution, treasury management and more.

Context: A year ago the KUMA protocol was launched by Mimo Labs. From day one the protocol was governed by vMIMO holders, however the DAO multisig was still controlled by Mimo Labs for safety reasons as the protocol was completely new. We now propose to decentralize the multisig.

Rationale: The multisig would be composed by 8 members and would require at least 5 signatures to execute a transaction. Signers would be coordinated via a channel used solely for this purpose on the KUMA discord.

Being a multisig signer is not something to be taken lightly. Multisigs signers have full control over the protocol, the slightest mistake can have very important consequences for the users of the protocol as well as the protocol itself.

As multisig signers take risks and time to perform transactions, we propose to compensate them in $MIMO every month with a scale based on the % of signatures made per month:

• 90 + signed: 10,000 $MIMO
• 70 + signed: 7,000 $MIMO
• 50 + signed: 5,000 $MIMO
• 30 + signed: 3,000 $MIMO
• 30 - signed: nothing

The total maximum cost will be 60,000 MIMO per member per 6 months. The compensation payment per member would be published on the discord and on this google sheets every month to keep the maximal transparency on treasury spending. Payment of compensations will be made at the end of the 6-month period by DAO Multisig.

If you wish to become a multisig signer, please introduce your application (with the address that would be used to sign) in this forum post before May 19th 2024, elections will start on May 20th 2024. Members will be elected for a 6 month period, starting June 1st 2024.

Means:

• Human Resources: Multisig signers will need to sign transactions to execute the proposal
• Treasury Resources: Up to 10,000 MIMO per month per signer (or up to 480,000 MIMO tokens per 6 months).

Technical implementation: After the elections, the new signers will be added to the existing gnosis safe who control the protocol and the gnosis safe will be updated to have 5/8 signatures required to execute a transaction.

Safe Multisigs:

• Ethereum Mainnet: https://app.safe.global/eth:0xB5502747AABDCa21E832951b4caaF739dA33f450/home
• Polygon PoS Mainnet: https://app.safe.global/home?safe=matic:0x1A1A402746FBe8bcFE0f7992AE27c4eD81A70156
• Linea Mainnet: https://safe.linea.build/home?safe=linea:0x1151d63eB6154843D4b4898cF4C63aF556642997
• Mantle Mainnet: https://multisig.mantle.xyz/home?safe=mantle:0x37D1C94087643dFE5288F72cD1e4A6fde5b130A9
• Telos Mainnet: https://safe.telos.net/home?safe=tlos:0x2357ff9215d7300193d181102c841eA2558064c9
• Neon EVM Mainnet: to be created
• Kinto Mainnet: to be created
• Sei V2 Testnet: to be created
• Plume Testnet: to be created

Voting Options: This will be a cumulative vote, where 8 members are selected by the highest vote count.

• Starny
• Jean Brasse
• 0xEvix
• Squirrely
• Arjpet
• Boka
• Sogiw
• Georgeous
• Abstain
• Against / Rework the Proposal

Authors: Jean Brasse from Mimo Labs