YIP-89: Proposal to Rotate Multisig Signers

Proposals Finance
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YIP-89: Proposal to Rotate Multisig Signers

Summary

This proposal seeks to rotate a Yearn multisig signer by removing Daryl Lau and adding Omnifient as a replacement. As part of the signer onboarding process, 1 YFI will be transferred to the new signer.

Motivation

The Yearn multisig is responsible for executing approved governance actions on behalf of the protocol, as outlined in the Yearn governance documentation:
https://docs.yearn.finance/governance/overview

Omnifient is a founding member of Katana and was previously part of the Polygon DeFi team and has worked with Yearn on multiple initiatives, including:

  • Launching the Katana pre-deposit vaults
  • Supporting the deployment of Yearn vaults on Katana

Specification

If approved, the following actions will be taken by the Yearn multisig (ychad.eth):

  • Remove Daryl Lau as a multisig signer 0x99BC02c239025E431D5741cC1DbA8CE77fc51CE3

  • Add Omnifient as a multisig signer0x70aF5a3368606c6557D2B3ce2EEC8796B914EAa3

  • Transfer 1 YFI to the newly added signer

No changes to the multisig signing threshold or configuration are proposed.

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