Payload PR
TL;DR
- Replace Trent with Gosuto on the DAO multisig
- Establish a new, updated, canonical list of Backup Signers for the DAO Multisig.
- Pay out signers their 500 BAL each for H1-2024
Background:
The Balancer DAO multisig is responsible for enacting most governance outside of incentives management. The safes managed by this signer set hold the keys to the protocols on-chain configuration and the treasury. The DAO multisig is a 6/11 gnosis safe on each chain we operate on. Governance operates on a weekly cadence. The DAO multisig signers may be asked to sign once per week, although work is done to try to batch payloads and call on them less often.
As with many DeFi Protocol Multisigs, the DAO multisig signer set is made up of DeFi OGs and protocol founders who have a long, established and strong reputation as leaders in web3. They are joined by myself, who handles operations and works with the Balancer Maxis to assemble and review payloads and reports for the DAO Multisig to review and sign.
After a long tenure on the Balancer DAO Multisig the honorable ser Trent McConaghy has decided not to continue to be on call each week. We deeply thank Trent for his service. We can not be grateful enough.
Purpose of this Governance:
As signers have left in the past, there has been no BIP due to the DAO Multisig Replacement list, last updated June 2022 by BIP-16. Since this list is both outdated and fragmented between governance texts, this BIP seeks to:
- Establish a new list of backup signers
- Appoint Gosuto, a second operational signer from the Maxis to replace Trent and back me up/share some of the operational workload.
- Pay the Mulitsigners, 500 BAL each for their service in H1-2024 according to this circa 2021 Governance Proposal
Updated signers and backup signers
Gosuto (0x11761c7b08287d9489CD84C04DF6852F5C07107b) will be added to replace Trent.
The Backup signer list will be replaced to contain the following backup signers:
| Name | Affiliation | Signer Address |
|---|---|---|
| Lewis | Stablecoin Labs/Gyro | 0xbcf751dBfe314Ee96A660EFA2Fcb259CBc364c29 |
| Anna | Cowswap | 0x04ce1ccF81AE660e23ca0c0823911df709B0E7Fc |
| Hubert | StakeDAO | 0x02e4De712d99f4B1b1e12aa3675D8b0A582caA5D |
| Figue | Paladin | 0x009d13e9bec94bf16791098ce4e5c168d27a9f07 |
| Elbagococina | Karpatkey | 0x6578183A203b41C419b93DF9121b5e3b26561aC5 |
The Backup signers may be swapped out with standing signers at any time, with notice posted to the forum but no token-holder voting.
DAO signers foregoing BAL payments
Some signers have asked not to receive funds and/or have not confirmed that they clearly wish to receive them. These signers will not be paid, but instead granted a right to request payment until the end of September 2024 as defined by specification #4 below.
Specifications
If this BIP passes:
1: The backup signer list above would become the new, canonical signer list replacing all past signer lists.
2: The DAO multisig on each chain would execute a transaction to replace Trent(0x478eC43c6867c2884f87B21c164f1fD1308bD9a3) with Gosuto(0x11761c7b08287d9489CD84C04DF6852F5C07107b)
3: The DAO Multisig would send 500 BAL each on mainnet to the following addresses:
Mounir (Paraswap): 0x0951FF0835302929d6c0162b3d2495A85e38ec3A
0xMaki: 0x285b7EEa81a5B66B62e7276a24c1e0F83F7409c1
Evan (Copper): 0x59693BA1A5764e087CE166ac0E0085Fc071B9ea7
Tritium (Balancer Maxis): 0xcf4fF1e03830D692F52EB094c52A5A6A2181Ab3F
nanexcool(separate payment address): 0x72BA1965320ab5352FD6D68235Cc3C5306a6FFA2
Stefan (Gnosis): 0x9F7dfAb2222A473284205cdDF08a677726d786A0
4: The DAO multisig would be permitted to pay 500 BAL each to the following addresses should they request payment by the end of September 2024:
AlexLange: 0x3ABDc84Dd15b0058B281D7e26CCc3932cfb268aA
trentmc0: 0x478eC43c6867c2884f87B21c164f1fD1308bD9a3
bonustrack87: 0x9BE6ff2A1D5139Eda96339E2644dC1F05d803600
David Gerai: 0xAc1aA53108712d7f38093A67d380aD54B562a650
Ernesto: 0xA39a62304d8d43B35114ad7bd1258B0E50e139b3
Please note this is set to be executed a week later than the snapshot round ends; not immediately after concluding.