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Gearbox · closed proposal

[GIP-4] Technical Multisig 6/9

0x7BAF…8e22·ended 4y ago·MEDIUM RISK
Voters
2,576
GEAR voted
285.95M
Token price

AI summary

This proposal seeks to establish an initial 6/9 technical multisig for the Gearbox protocol. A multisig is a cryptocurrency wallet that requires multiple signatures to authorize a transaction, enhancing security. This specific multisig will act as an emergency measure in the early stages of the protocol's operation, allowing for quick responses to unforeseen issues. The proposal lists nine individuals with strong technical backgrounds from various projects who would serve as potential signers.

Impact

If passed, a group of nine technically skilled individuals will be empowered to collectively manage an emergency multisig for the Gearbox protocol. This could lead to faster responses to technical issues but also centralizes some control in the hands of these signers. The proposal does not specify any financial allocations or direct benefits to specific individuals beyond their role as signers.

Read full proposal on Snapshot

Voting results

YES approve signers284.15M (99.4%)
NO reject signers1.80M (0.6%)
285.95M GEAR · 2576 votersblock 13830575

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Gearbox

FORUM: https://gov.gearbox.fi/t/gip-4-technical-multisig-6-9/335

The proposal as submitted by lewi on Gearbox DAO governance forum, aims to enact the initial technical multisig with a signer count of 6/9. The proposal will take > 72 hours and the voting choice must have a quorum of >2% of total supply of GEAR.

Technical Multisig will not have a timelock function just yet, to function as an emergency multisig in the first few weeks / months of the protocol being live. Each person on the list has a technical background / is currently on a different dev team.

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