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Official xLoot GovernanceOfficial xLoot Governanceby0xDEa323E2B1D31ffCB656D00bac8b2cce68b111610xDEa3…1161

Multi-sig to create a xloot treasury

Voting ended over 4 years agoSucceeded

As we push out projects to build on top of xloot, those projects cost fees to push out.

So a multi-sig treasury is being suggested where we nominate at least 5 trusted people within the community to be in charge of that treasury. Once a new project arises that the community votes and approves on, we would use the treasury to fund that project. The funds would be taken out of the treasury which is where the multi-sig concept comes into play (majority must sign) and when so, the project would be pushed out. If voting passes we would then vote on who the 5 treasury nominees would be.

(Multi-sig is a multi-signature wallet where transactions can only be approved by the signature of 2 or more of only the nominated signatures "keys".)

Off-Chain Vote

Yes to Multi-sig
824 100%
No to Multi-sig
0 0%
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Timeline

Sep 05, 2021Proposal created
Sep 05, 2021Proposal vote started
Sep 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated