Title: bDIP-08: Selection and Election of BanklessDAO Vault Multi-Signature Wallet Signers Authors: senad.eth#8782, links#7868, Trewkat#1933, HiroKennellyᵍᵐ#0001 Working Group: HiroKennellyᵍᵐ#0001, jengajojo#5896, links#7868, senad.eth#8782, thinkDecade#7181, Trewkat#1933 Scope: Minor Change
Based on the feedback received from the Swapping BanklessDAO Multi-Signers [Temp Check] , this bDIP seeks to modify the BanklessDAO Constitution to include text regarding the selection criteria, mandate, and election procedures associated with the role of a BanklessDAO Vault multi-signature wallet signer.
There is no mention of the BanklessDAO Vault multi-signature wallet signers in the Constitution.
The BanklessDAO Vault multi-signature wallet (vault multisig) is the holder of DAO funds, and disburses BANK to DAO Organizational Units. It is managed by a team of seven BanklessDAO members, and requires four of the seven members to sign in order for any transaction to be executed.
Vault multisig signers have the following rights and responsibilities:
|Rights (can do)|Responsibilities (must do)| | --- | --- | |Can create transactions for consideration by other signers.|Must work to ensure the perpetuity of the DAO’s existence in alignment with the DAO’s mission, vision, and values.| |Can approve or reject transactions at their own discretion.|Must sign and execute transactions in a timely manner.| ||Must vet all transactions to make sure that they align with agreed decisions.| ||Must validate the individual transactions of mass payouts to ensure they are legitimate.| ||Must monitor the vault multisig’s activity.| ||Must manage access and permissions to the multisig.| ||Must keep their own software and hardware secure and up-to-date.| |Can post proposals to the BanklessDAO Snapshot.org space.|Must vet Snapshot proposals to confirm compliance with established governance procedures.| ||Must steward the process of moving proposals to Snapshot.|
To be considered for selection and to retain the role, vault multisig signers must meet the following criteria:
Vault multisig signers can be removed if:
There is no term limit for vault multisig signers, however continuation in the role is subject to the community vote.
This change will mean the DAO has adequately documented procedural information about the role of a BanklessDAO Vault multi-signature wallet signer. It is anticipated that if enacted, this update will be followed with an election for a new team of BanklessDAO Vault multi-signature wallet signers.
After this bDIP is ratified, we hope to hold an election to increase active multi-signature wallet signers from 2/7 to 7/7.
Achieve Minor quorum to add bDIP to Constitution, then run an election.
HiroKennellyᵍᵐ🏴#0001 - Guild and project coordinator, BC Associate, contributor to various projects. jengajojo🏴#5896 - Contributor in governance and project management. links#7868 - L2 Contributor, PM Guild Coordinator, Bankless Card Champion, governance enthusiast. senad.eth 🏴#8782 - L2 Contributor, Member of the Grants Committee, ex-DAOlationships Guild Coordinator and Project Champion of B Labs. thinkDecade 🏴#7181 - L2 Contributor, GC member, project management. Trewkat#1933 - L2 Contributor in Writers Guild and several other projects and teams.