PIP-49 l DAO Multisig Election 7

Summary: The proposal aims to re-elect 8 signers for a 6 months period that will manage the DAO multisigs, including proposals execution, treasury management & insurance fund management.

Context: The mandate of the DAO Multisigs signers elected for 6 months, from November 1, 2024, is coming to an end, therefore time has come for a new election.

Rationale: The multisig would still 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 Parallel 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.

Currently multisig signers are compensated in paUSD (or equivalent) tokens every month with a scale based on the % of signatures made per month; this for the risks taken and the time spent to verify transactions:

• 90 + signed: 100 $paUSD
• 70 + signed: 70 $paUSD
• 50 + signed: 50 $paUSD
• 30 + signed: 30 $paUSD
• 30 - signed: nothing

Due to the increasing number of transactions and to guarantee stable compensation over time for signers, we propose to increase the compensation by 50%, while keeping the monthly compensation on a scale based on the % of signatures made per month:

• 90 + signed: $150 (in paUSD/PAR or equivalent)
• 70 + signed: $105 (in paUSD/PAR or equivalent)
• 50 + signed: $75 (in paUSD/PAR or equivalent)
• 30 + signed: $45 (in paUSD/PAR or equivalent)
• 30 - signed: nothing

The total maximum cost would be $900 per member per 6 months (or up to $7,200 per 6 months for 8 signers). The compensation payment per member will continue to be published on the discord and on this google sheets every 6 months 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 on Polygon PoS.

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 beforeMay 10th 2025, elections will start on May 11th 2025. Members will be elected for a 6 month period, starting May 1st 2024.

Means:

• Human Resources: Multisig signers will need to sign transactions to execute the proposal
• Treasury Resources: Up to $150 per month per signer (or up to $7,200 per 6 months for 8 signers).

Technical implementation: After elections, new signers will be added to existing gnosis safe multisigs that control the protocol, the received MIMO inflation and the insurance fund.

Safe Multisigs:

• Protocol:
  • Ethereum: https://app.safe.global/home?safe=eth:0x25Fc7ffa8f9da3582a36633d04804F0004706F9b
  • Polygon PoS: https://app.safe.global/home?safe=matic:0x2046c0416A558C40cb112E5ebB0Ca764c3C5c32a
  • Fantom: https://safe.fantom.network/#/safes/0x174162ddecE9d0b7B68fd945e38c3372C4C818ba/balances
  • Blast: https://app.safe.global/home?safe=blast:0x88b8bea325864aefA05891B6EF816F7Fb8e3da28
  • Base: https://app.safe.global/home?safe=base:0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95
  • Sonic: https://app.safe.global/home?safe=sonic:0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95
  • Arbitrum: https://app.safe.global/home?safe=arb1:0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95
  • Optimism: https://app.safe.global/home?safe=oeth:0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95
  • Gnosis: https://app.safe.global/home?safe=gno:0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95
  • Linea: https://app.safe.global/home?safe=linea:0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95
  • Scroll: https://app.safe.global/home?safe=scr:0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95
  • Avalanche: https://app.safe.global/home?safe=avax:0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95
  • BSC: https://app.safe.global/home?safe=bnb:0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95
• MIMO Inflation:
  • Ethereum: https://app.safe.global/home?safe=eth:0x29391a7a809aC7dEe6a7F9a014F7EaB606fAA4E5
  • Polygon PoS: https://app.safe.global/home?safe=matic:0x864e844bEF7D81c5e6bBC597ED2696b3e1dA9371
• Insurance Fund:
  • Ethereum: https://app.safe.global/home?safe=eth:0x6aF71a3723D3c0Ed69f84EE259c9De3019C2a77c
  • Polygon PoS: https://app.safe.global/home?safe=matic:0x2C6A1D01057258281eFE31bB34Bc0Df24C13086e
  • Blast: https://app.safe.global/home?safe=blast:0x409DFa4D535D7e61dCF34C75c1e3f982251a3929

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

• Jean Brasse
• Georgeous
• Squirrely
• Lelba
• Starny
• Alex-M
• Arjpet
• Boka
• Abstain
• Against / Rework the Proposal

Authors: Jean Brasse from Mimo Labs