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SushiSushiby0x19B3Eb3Af5D93b77a5619b047De0EED7115A19e7sushigov.eth

Sushi Treasury Multisig Update [Implementation]

Voting ended about 3 years agoSucceeded

This proposal’s expectation is to produce an implementation. Full details and discussions thus far can be found at:

https://forum.sushi.com/t/updated-treasury-multisig-signers/11156

Synopsis:

Over the past 2 years of Sushi, there have been various individuals on the multisig. Currently some of the users on the Multisig have become busy with other projects, or no longer have the bandwidth or interest to contribute.

Due to the need to have active signers for the Sushi Treasury, this proposal will determine if we should move forward on the implementation of rotating out members that no longer wish to be a part of the Multisig with a new cohort to oversee and manage the txs needed for the Sushi Treasury.

The following is the new list of signers to sit on the Sushi Treasury:

Mable Jian - Growing @Stepnofficial | Host of HODLong 后浪 podcast | Mentor @ @tangent_xyz | ex-@multicoincap | https://twitter.com/Mable_Jiang

0xSami - Founder of Redacted Carte. Currently on multisigs for several projects including Butterfly, New Order, Olympus, and Aura, and Esketit. https://twitter.com/0xSami_

Nick Rishwain - Building and launching on-chain real estate protocol, operator in legal technology Web2 space. https://twitter.com/nickjrishwain

ChopChop - Core contributor @NFTX_, member of @dcv_capital https://twitter.com/0xChop

Maki - Previous Head Chef at Sushi. Contributor at LayerZero, Stargate, and Aura. https://twitter.com/0xMaki

Tom Lombardi - Adjunct professor at Pepperdine University teaching Decentralized Finance. Former Managing Director 3iQ ($700m AUM crypto ETFs) | Former Director at Wave Financial ($1bn AUM crypto treasury management) | Investment banking at BankofAmerica https://twitter.com/tomlombardi

DeFiTed - Founder and lead on ParagonsDAO, prev RULER and COVER (wound down and returned funds to token holders), PleasrDAO founder and founder of the Crypto Safe Space Mental health discord https://twitter.com/DeFi_Ted

Additionally to the these members being proposed to sit on the Treasury, the following will also be implemented:

  • An ongoing list of potential Multisig signers in a queue in a post on the Forum in the event that a current member is inactive or wants to step down.
  • Include a review process of 3 months for signers activity and engagement to ensure participation and involvement.
  • Include a process for offboarding signers and onboarding new ones through Multisig review process, and vote from Forum.
  • As there would be too much complexity with managing a USD Price range for tokens, it is proposed to simply do 10,000 USDC steamed via Furo to each of the Multisig signers. In the event of a signer leaving, Furo streams will be canceled and sent back to the Treasury.
  • Sushi Treasury will modify the signing policy to a 4 of 7

TLDR:

Esskeetit new members and new policies for the Sushi Treasury

Off-Chain Vote

Yay
7.03M SUSHIPOWAH99.9%
Nay
8.72K SUSHIPOWAH0.1%
Abstain
1.27K SUSHIPOWAH0%
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Discussion

SushiSushi Treasury Multisig Update [Implementation]

Timeline

Oct 28, 2022Proposal created
Oct 28, 2022Proposal vote started
Nov 04, 2022Proposal vote ended
Dec 07, 2025Proposal updated