Since the launch of Mutant Cats, the DAO treasury (ETH, NFTs, Royalties) has been controlled by the dev team.
Within 28 days of launching, the DAO treasury owns over 1100 liquid ETH and valuable NFTs including a Cryptopunk, Genesis CyberKongz, Fidenza, and many more.
This proposal will further decentralize the DAO by transferring ownership from the dev team to the DAO multisig. If the proposal is passed, signers of the DAO multi-sig will have control of the wallet and will excecute transactions on a majority basis.
Proposed 7 Multisig signers:
Compensation: No comp.
Financial Implications: The DAO will have to pay a transaction fee to execute a proposal.
Removal/Addition of a Signer: If a multisig wallet owner becomes inactive or acts against the best interest of the DAO, they can be removed with a super-majority vote from the other multisig signers.