MIP-23 Changes to the multisig signers and structure

This proposal seeks tokenholder approval for the change and addition of a few signatories in Merit Circle DAO’s multisig team and to change the 4 out of 7 multisig into a 5 out of 9 multisig.

Furthermore, the proposal seeks to ratify continued delegation of certain powers already granted to the multisig team, together with an additional authorization.

Finally, it is proposed to require that the multisig signers enter into a simple multisig participation agreement in order to formalize the multisig signers’ participation in connection with the multisig arrangement.

If adopted (majority votes for "Yes" and quorum threshold is met), this proposal will:

Change the 4 out of 7 multisig into a 5 out of 9 multisig (the 2 out of 3 multisig empowered for investment purposes through MIP-2 will not be affected by the said change).

Empower a multisig team consisting of the 9 persons listed in section 1 of the heading “Specification” to act as multisig signers in accordance with the scope of authority as the current multisig team is operating under, in addition to the additional authorization as set out in this proposal.

Require that all multisig signers enter into a simple multisig participation agreement going forward and for the authors to negotiate such agreement with the multisig signers. Such agreement will be required to be entered into by all multisig teams of Merit Circle DAO.

Please click on the link attached to read further details on the proposal and the discussions in this regard.