Multisig Structure

The Multisig Signatories will have the authority to execute transactions from the Treasury Multisig Wallet within their scope including all approved operational transactions, Goldilocks Governance Proposals (GGPs) and is to be established via GGP 1.

Constraints will be placed on the Multisig Signatories delegations to ensure they are not able to move and execute transactions more than 10% of the treasury value in a month without approval via the relevant governance proposals.

Initial Multisig Formation

• Preselected members will serve as multisig signatories

• 6-month term length for each member

• 4-of-7 signature requirement for execution

• After initial 6-month term governance proposals can be submitted to change composition of multisig members as required

Multisig Responsibilities

• Execute passed governance proposals

• Emergency response (with community ratification within 72 hours)

• Operational transactions approved by governance

• Monthly activity reporting to the community

• Utilise Treasury porridge as liquidity incentives

Multisig Member Requirements

• Maintain active community participation

• Attend governance calls as required

• Cannot miss more than 3 signature requests without notice

• Proposal Framework