Summary:

This proposal aims to restore and establish general, forum, and Canceller wallet governance procedures while confirming the candidates for the multi-signature wallet.

Background & Rationale:

To enhance governance integrity in TrueFi, this proposal seeks to reassign the Canceller role to a multi-signature wallet managed by selected community and board members. The objective is to ensure compliance and better community engagement by adhering to established and proposed procedures.

From the initial Forum post, there were no additions to the proposal regarding governance restoration, exempted proposals, the definition of the canceller role, and the function of its usage.

Therefore, unless amendments are suggested through the Snapshot vote and amendment period, they shall remain as described in the TFIP-16 proposal.

Proposed Multi-Signature Wallet Signatories:

Based on the four (4) candidates that came forward, the confirmed multi-signature wallet will have a 3-out-of-4 policy for approvals.

Community Members:

@TylerEther (0xc8A69971DAa3C3ADd85Ab0d0AF297515769ddfFC) @StrategoHoldings (Stratego.eth)

Board of Directors:

@vandynathan (0xCd263ADcD76e4d81CB7EA6Ad32447d2810f37e13) @ferengi (0x25022f216b97641d396e6Efe68ba45F80AD7A56b)

Next steps

Snapshot vote:

A 48-hour Snapshot vote will be conducted with the options: “OK to vote on Tally,” “Not OK to vote on Tally,” and “Abstain.” At least 5% of staked TRU must participate in this Snapshot vote to meet the quorum.

Amendment Period:

If the 5% quorum is met, with a majority negative vote, a 72-hour period will follow to allow for any amendments or discussions before the proposal is posted to Tally.

On-Chain Vote:

Upon a successful Forum proposal, the final proposal will be brought to all stkTRU holders for an on-chain vote on Tally. If approved, the necessary transactions will be executed automatically.

Implementation:

If the on-chain vote passes, the governance process will be re-established as outlined, and the Canceller role will be transfered to the multi-signature wallet controlled by the Independent Board of Directors and the mentioned individuals. The onboarding process for partners will also be implemented as described.