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.
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.
yEarn needs a multisig which will quickly implement the decisions made, while not violating the security of the funds under the wallet’s control.
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.
To execute the transition we don’t need to change the threshold, just execute 8 sequential multisig transactions:
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!