YIP 40: Replace inactive multisig signers

Authors

@cp287 @banteg

Summary

With more responsibilty for the multisig signers, four of the least active signers have decided to give up their slots for more engaged participants. This proposal replaces the four signers with new ones chosen based on activity and merit.

Abstract

Currently executing a multisig transaction can often take up to 24 hours. With Andre’s pace of work and a rapidly changing environment, this creates problems and an unnecessary time gap. Multisig participants must be responsible, but they must also be constantly inside the project and take the necessary actions for its rapid development.

Motivation

yEarn needs a multisig which will quickly implement the decisions made, while not violating the security of the funds under the wallet’s control.

Specification

Overview

The following signers have given up their spots:

  • Michael | Curve.fi
  • Cooper Turley
  • Calvin Liu
  • Damir Bandalo

After careful consideration and voting, we suggest these four nominees:

  • Joe Mahon (Substreight)
  • Tarun Chitra (Gauntlet)
  • Vasiliy Shapovalov (p2p.org)
  • Mariano Conti (ex-MakerDAO)

Rationale

We need a strong and responsive protocol multisig which can figure stuff out when some of the members are not immediately available. See also the dicussion links for activity stats and further rationale.

Technical Specification

To execute the transition we don’t need to change the threshold, just execute 8 sequential multisig transactions:

  1. Add 0x6E83d6f57012D74e0F131753f8B5Ab557824507D (Vasily)
  2. Remove 0xFe45baf0F18c207152A807c1b05926583CFE2e4b (Michael)
  3. Add 0x6F2A8Ee9452ba7d336b3fba03caC27f7818AeAD6 (Mariano)
  4. Remove 0x59171b87817C5F07157066Bd5284707A711229B3 (Cooper)
  5. Add 0xTBD (Tarun)
  6. Remove 0xb0325DbE7fA891436E83A094f9F12848c78e449b (Calvin)
  7. Add 0xTBD (Substreight)
  8. Remove 0xa83838221278f22ee5bAe3E523f34D42b066D67D (Damir)

Discussion

29 Likes

Bravo! Excellent nominees.

Voting For

6 Likes

All four nominees are upstanding members of the community. I’m for.

4 Likes

Voting for.

IT’S TIME TO BUILD AND THIS IS THE WAY!

7 Likes

For. It would be nice if you edit the post and write the Twitter/github/etc profile of the candidates so people can take a look if they don’t know who they are.

4 Likes

Fully in support of this YIP!

It’s my belief all of the new signers will allocate more bandwidth and resources than myself. Literally some of the best people the community could ask for and I have full confidence in their ability to execute.

It was a fun ride and I look forward to watching the new signers continue taking the project to new highs!

8 Likes

Great suggestion and thank you to those to step aside in the pursuit of community progress. Voting For.

2 Likes

:rocket: Awesome group of folks, definitely for!

2 Likes

For! excellent nominees, great rational, each technically capable, and understand the ecosystem. if any non apparent bad actors, very confident all selected here couldn’t be compromised.

2 Likes

Putting a for vote in on this :slight_smile:

1 Like

Voted for :vulcan_salute:
Obvious choice

I am for this.

Also, in another thread we were discussing to hire one or two developers because the load must be a lot on Andre. And this utilise funds from Treasury to pay developers.

And someone recommended to ask Mariano if he’d be willing to join Yearn development. Can we ask him regarding the same?
@nanexcool

1 Like

I’m all in for it. This is great.

Those are some top tier draft pics. Voting For

Voting for as well. Great choices on nominees.

Faster, better. I like liquid governance.

Gonna say yes with my vote :muscle:

Proposal has passed with 99.77% for, 0.22% against and 22.93% quorum.

We’ll begin the multisig switchover dance shortly :dancer:

7 Likes

NB:
@tchitra changed his address from 0x07425B7a76a52dE36dFA313E13E9E3a8DBC476CF to 0x6626593C237f530D15aE9980A95ef938Ac15c35c (please confirm)

@Substreight changed his address from 0x50B0C406a5C1fC492F84c3F3D4552391cF4672f2 to 0x50B0C406a5C1fC492F84c3F3D4552391cF4672f2 (please confirm)

The set of multisig participants stays the same as voted.

4 Likes

Confirmed that this is the correct address, thanks!

3 Likes