[STP#6] Transfer STP Grant Program Funds to council-controlled multi-sig wallet

Title:

Transfer STP Grant Program funds to a council-controlled multi-sig wallet

Date:

08/14/24

Type:

Protocol

Objective:

This proposal ensures the secure and transparent management of the STP Grant Program funds by transferring them to a Safe multi-sig wallet controlled by the newly appointed Grant Council.

Deadline:

n/A

Motivation:

The STP Grant Program will empower developers, projects, and initiatives that contribute to the growth of the STP ecosystem.

With the appointment of the Grant Council, it is crucial to establish a secure and transparent method for managing the funds allocated to the program.

Body (What, How, When, Who):

Over the past few months, we’ve designed and garnered community support for the STP Grant Program. The processes and key players have all been defined and set in place. The final step to kicking off the STP Grant Program is to transfer the funds to a council-controlled wallet.

We have set up a council-controlled Safe multi-sig wallet. This will be a 3/5 wallet with the council members being the signers.

Council Multi-Sig (3/5) 0x15551bc11cd93b3BCf1154d92da7C1cD6eC19aC8

Signers (S1 Council)

• 0xmentalist / 0x86596691C02a95bfE8a66E50fe808523A560250e
• juke9222 / 0x0F9B84DAbb39160503143a2ADFf49e26572667f4
• rjlee100 / 0x42AA2E58B9ccE45eFE31C7cF9Ab2EA5227727720
• tedchang / 0x761E7eb7e79a7a2339D2F3FeB132B48Db8D61852
• mikechen / 0x094DdDCb7f793742f24Ac11079cCFB6CeEB87339

On passing this proposal, $100,000 in STPT tokens will be transferred from the treasury to the Grant Program multi-sig wallet.

Relevant Past Proposals,

• STP Grant Program
• STP Grant Program Application Process
• STP Grant Program S1 Council

Next Steps:

• Transfer $100,000 in STPT tokens to 0x15551bc11cd93b3BCf1154d92da7C1cD6eC19aC8
• Kick off STP Grant Program!