# \[BIP-607\] Update FTM Multisig to Claim vested BEETS **URL:** \ **Category:** General Proposal\ **Created:** [April 25, 2024, 12:55am UTC](https://forum.balancer.fi/t/bip-607-update-ftm-multisig-to-claim-vested-beets/5717 "2024-04-25T00:55:03Z")\ **Posts on this page:** 6\ **Page:** 1
**Author:** ![ZenDragon](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/zendragon/32/1542_2.png) [@ZenDragon](https://forum.balancer.fi/u/ZenDragon)\ **Post date:** [April 25, 2024, 12:55am UTC](https://forum.balancer.fi/t/bip-607-update-ftm-multisig-to-claim-vested-beets/5717/1 "2024-04-25T00:55:03Z")
Payload with PR > > > The DAO Multisig ftm: \`0xFe2022da08d17ac8388F5bEFE4F71456255105A4\` will call \`ad…dOwnerWithThreshold\` on itself six times, with the \`threshold\` equal to \`6\` and the following new \`owner\` addresses: > > \`0x7c2eA10D3e5922ba3bBBafa39Dc0677353D2AF17\` > \`0xafFC70b81D54F229A5F50ec07e2c76D2AAAD07Ae\` > \`0xc4591c41e01a7a654B5427f39Bbd1dEe5bD45D1D\` > \`0x7019Be4E4eB74cA5F61224FeAf687d2b43998516\` > \`0x11761c7b08287d9489CD84C04DF6852F5C07107b\` > \`0xcf4fF1e03830D692F52EB094c52A5A6A2181Ab3F\` > > These can be confirmed via \[bal\_addresses\](https://github.com/BalancerMaxis/bal\_addresses/blob/4396ca6ee46272111bb6db65e5054af079e58dda/extras/signers.json#L2) > > The DAO Multisig ftm: \`0xFe2022da08d17ac8388F5bEFE4F71456255105A4\` will then interact with the vesting contract \`0x8D381EC09356C3F1805c54B2BB0867e8b417DC3a\` calling \`release\` with the BEETS token address \`0xF24Bcf4d1e507740041C9cFd2DddB29585aDCe1e\` as the \`token\` argument. > > Once the BEETS is received it will be bridged via Stargate to Optimism to the DAO Multisig on the Optimism network \`0x043f9687842771b3dF8852c1E9801DCAeED3f6bc\` #### Overview Originally when BeethovenX was approved as a friendly fork 10 million BEETS was set aside for the DAO to unlock via a vest. This can be seen here in the original vote. [https://vote.balancer.fi/#/proposal/0x95db8e797145ad590b467f8dbecb23404c25c2a7090aa8a8d65428ad9f7373fc](https://vote.balancer.fi/#/proposal/0x95db8e797145ad590b467f8dbecb23404c25c2a7090aa8a8d65428ad9f7373fc) to receive 4% of the total supply, 250M tokens, which can be confirmed in BEETS [tokenomics](https://docs.beets.fi/beets/tokenomics). The purpose of this proposal is to update the fantom wallet responsible for this vesting contract with the maxis as signers. The maxis will then claim the fully vested balance of BEETS, and transfer it to an ftm Maxi Multisig. For the time being this will consolidate the multisigs utilized by the DAO as fantom is a relatively inactive network. There is no plan to utilize the BEETS tokens in any way for the time being, but an additional proposal can be made to do so at a later time. The current DAO Multisig on Fantom will not be utilized after these actions unless absolutely necessary after this proposal. The likelihood of it’s use is incredibly low due to the networks activity, and Balancer’s influence in the Fantom ecosystem. #### Specifications The DAO Multisig ftm: `0xFe2022da08d17ac8388F5bEFE4F71456255105A4` will call `addOwnerWithThreshold` on itself six times, with the `threshold` equal to `6` and the following new `owner` addresses: `0x7c2eA10D3e5922ba3bBBafa39Dc0677353D2AF17` `0xafFC70b81D54F229A5F50ec07e2c76D2AAAD07Ae` `0xc4591c41e01a7a654B5427f39Bbd1dEe5bD45D1D` `0x7019Be4E4eB74cA5F61224FeAf687d2b43998516` `0x11761c7b08287d9489CD84C04DF6852F5C07107b` `0xcf4fF1e03830D692F52EB094c52A5A6A2181Ab3F` These can be confirmed via [bal\_addresses](https://github.com/BalancerMaxis/bal_addresses/blob/4396ca6ee46272111bb6db65e5054af079e58dda/extras/signers.json#L2) The DAO Multisig ftm: `0xFe2022da08d17ac8388F5bEFE4F71456255105A4` will then interact with the vesting contract `0x8D381EC09356C3F1805c54B2BB0867e8b417DC3a` calling `release` with the BEETS token address `0xF24Bcf4d1e507740041C9cFd2DddB29585aDCe1e` as the `token` argument. Once the BEETS is received it will sent to the Maxi Multisig until further notice by calling `transfer` on `ftm:0xF24Bcf4d1e507740041C9cFd2DddB29585aDCe1e` with the recipient as `0x9ff471F9f98F42E5151C7855fD1b5aa906b1AF7e` and amount `10000000000000000000000000` ---
**Author:** ![Xeonus](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/xeonus/32/3621_2.png) [@Xeonus](https://forum.balancer.fi/u/Xeonus)\ **Post date:** [April 25, 2024, 6:56am UTC](https://forum.balancer.fi/t/bip-607-update-ftm-multisig-to-claim-vested-beets/5717/2 "2024-04-25T06:56:59Z")
> [@ZenDragon](#): > > The current DAO Multisig on Fantom will not be utilized after these actions unless absolutely necessary after this proposal. The likelihood of it’s use is incredibly low due to the networks activity, and Balancer’s influence in the Fantom ecosystem. As stated here, the main goal of this proposal is to move the vesting BEETs funds out of a stale Gnosis safe on FTM and bridge those funds to OP as this is a chain Balancer DAO operates on. Any further actions on how to manage those funds will be put forward by a separate proposal if the DAO intends to do so. ---
**Author:** ![Tritium](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/tritium/32/2011_2.png) [@Tritium](https://forum.balancer.fi/u/Tritium)\ **Post date:** [April 25, 2024, 1:14pm UTC](https://forum.balancer.fi/t/bip-607-update-ftm-multisig-to-claim-vested-beets/5717/3 "2024-04-25T13:14:34Z")
Please wait 1 week to post this BIP, some conversation is going on about if it makes sense to bridge the Beets, or to just setup another safe to store it on Fantom. ---
**Author:** ![Xeonus](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/xeonus/32/3621_2.png) [@Xeonus](https://forum.balancer.fi/u/Xeonus)\ **Post date:** [May 1, 2024, 8:10am UTC](https://forum.balancer.fi/t/bip-607-update-ftm-multisig-to-claim-vested-beets/5717/4 "2024-05-01T08:10:51Z")
EDIT: reverted posting to snapshot as there was still no full consensus from Maxis on how to migrate the funds on FTM. ---
**Author:** ![ZenDragon](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/zendragon/32/1542_2.png) [@ZenDragon](https://forum.balancer.fi/u/ZenDragon)\ **Post date:** [May 15, 2024, 11:40pm UTC](https://forum.balancer.fi/t/bip-607-update-ftm-multisig-to-claim-vested-beets/5717/5 "2024-05-15T23:40:39Z")
[https://snapshot.org/#/balancer.eth/proposal/0xd13ba8f3cff914b5d99bc610ec0dfa6290a30eceddd3be2e0e518d75138e9b13](https://snapshot.org/#/balancer.eth/proposal/0xd13ba8f3cff914b5d99bc610ec0dfa6290a30eceddd3be2e0e518d75138e9b13) ---
**Author:** ![ZenDragon](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/zendragon/32/1542_2.png) [@ZenDragon](https://forum.balancer.fi/u/ZenDragon)\ **Post date:** [May 17, 2024, 7:22pm UTC](https://forum.balancer.fi/t/bip-607-update-ftm-multisig-to-claim-vested-beets/5717/6 "2024-05-17T19:22:56Z")
Minor correction to the Overview section on snapshot, no tokens will be bridged to Optimism. As the specification and payload state; to clarify tokens will only be transferred to the Maxi Multisig on FTM.