# IIP-112: Update Investment Account Multisig **URL:** \ **Category:** Proposal\ **Tags:** IIP\ **Created:** [21 November 2021 16:55 UTC](https://gov.indexcoop.com/t/iip-112-update-investment-account-multisig/3251 "2021-11-21T16:55:16Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![Finance](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/finance/32/2184_2.png) [@Finance](https://gov.indexcoop.com/u/Finance)\ **Post date:** [21 November 2021 16:55 UTC](https://gov.indexcoop.com/t/iip-112-update-investment-account-multisig/3251/1 "2021-11-21T16:55:16Z")
iip: 112 title: Update Investment Account Multisig status: Proposed author: @Finance.Nest created: 21/11/2021 # Simple Summary This proposal seeks to modify the original signers on the Investment Account Gnosis Safe. The Investment Account is approved to be created. However, with the departure of @DarkForestCapital and @AcceleratedCapital there exists the need to revise the signers on the wallet. Investment Account: ‘Not Yet Created’ # Abstract The Investment Account multisig was originally a 3 of 5 signer wallet as detailed in [IIP-46: Security - Operations & Investment Account](https://gov.indexcoop.com/t/iip-46-security-operations-investment-account/1566). With @DarkForestCapital moving to support MVI full time and with @AcceleratedCapital supporting Index Coop in a reduced capacity, we now need to update the multisig configuration. Details around the type of assets held within the Investment Account are discussed in the [Investment Account Strategy Details](https://gov.indexcoop.com/t/investment-account-strategy-details/2792) forum post. We recommend increasing the number of signers from 3 of 4 to 4 of 7, with the addition of @oneski22, @ncitron, @MrMadila, @Pepperoni_Joe and @Ahuja, whilst removing @DarkForestCapital and @AcceleratedCapital. While the diversified strategy within the Investment Account is expected to be rebalanced Quarterly and expected to hold assets over long time horizons, the investment account will acquire, hold and dispose of assets acquired for strategic reasons. This will require transactions to be made from the investment account on a regular basis with some transactions occurring over multi-day period to minimize impact on price. The Investment Account does not need to be as nimble like the Operations Account and thus has less signers and less consideration to time zone. We have opted for two developers as signers to provide robust technical support coverage. # Motivation The Investment Account has been approved for creation, but as of today has not yet been created. On the back of this IIP, the Investment Account shall be created in line with this proposal. In the near future we expect to see the USDC from the Community Treasury Transferred to the Investment Account. This IIP is preparing this wallet in the event it needs to hold those assets which will be presented to the community via independent standalone IIPs. We recommend increasing the signer count to improve availability, and maintaining a diverse group of signers so the Finance Nest members cannot unilaterally execute transactions implementing an improved control environment which mitigates the risk of collusion. # Specification Modify the IIP-46 approved Gnosis Safe signers (not yet created): - Remove @DarkForestCapital - Remove @AcceleratedCapital - Add @ncitron - Add @Pepperoni_Joe - Add @oneski22 - Add @MrMadila - Add @Ahuja The new signer structure will be: | Location | Roles | Operations Account | | --- | --- | --- | | United States America | EWG | @dylan | | United States America | EWG | @ncitron | | United Kingdom | POC Lead | @Pepperoni_Joe | | United Kingdom | Finance Lead | @Matthew_Graham | | United Kingdom | Growth Lead | @MrMadila | | United States America | Investment Account | @Ahuja | | United States America | Metagovernance | @oneski22 | The Investment Account will be a 4 of 7 signer wallet. # Voting FOR: DO Remove DarkForestCapital, remove @AcceleratedCapital add @Pepperoni_Joe, add @oneski22, add @ncitron, add @MrMadila and add @Ahuja. AGAINST: DO NOT change the existing arrangement. # Copyright Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). ---
**Author:** ![Matthew\_Graham](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/matthew_graham/32/1336_2.png) [@Matthew\_Graham](https://gov.indexcoop.com/u/Matthew_Graham)\ **Post date:** [24 November 2021 09:51 UTC](https://gov.indexcoop.com/t/iip-112-update-investment-account-multisig/3251/2 "2021-11-24T09:51:49Z")
Hi @mel.eth, @sixtykeys, @Mringz, Can we please add an IIP number, change the status to propose and schedule a vote for Monday 29th November. Thank you in advance. ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [24 November 2021 22:21 UTC](https://gov.indexcoop.com/t/iip-112-update-investment-account-multisig/3251/3 "2021-11-24T22:21:36Z")
Hey @Matthew_Graham , an IIP number 112 has been assigned to this proposal, and the status has been changed to ‘Proposed’. Just noting that a snapshot vote can only be called after 48 hours of a proposal changing to the ‘Proposed’ state as per the guidelines outlined [here](https://docs.indexcoop.com/community/governance/index-improvement-proposals-iips/iip-step-by-step). But will accept your call to vote in advance in an effort to make the governance process easier 🙂. Will update this space with a queued snapshot link once the 48 hour waiting period has elapsed. cc: @mel.eth ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [29 November 2021 12:32 UTC](https://gov.indexcoop.com/t/iip-112-update-investment-account-multisig/3251/4 "2021-11-29T12:32:01Z")
This IIP has been queued to go live later today at 1800UTC. [Snapshot here](https://snapshot.org/#/index-coop.eth/proposal/0xd031343b706075a757650903fc1d3f5e9676f6eff682cc6b1c5692a1607b763f) ---
**Author:** ![Matthew\_Graham](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/matthew_graham/32/1336_2.png) [@Matthew\_Graham](https://gov.indexcoop.com/u/Matthew_Graham)\ **Post date:** [3 December 2021 18:25 UTC](https://gov.indexcoop.com/t/iip-112-update-investment-account-multisig/3251/5 "2021-12-03T18:25:19Z")
Hi All, The ethereum Investment Account has been created. Wallet Address: ‘[0x462A63D4405A6462b157341A78Fd1baBfD3F8065](https://etherscan.io/address/0x462A63D4405A6462b157341A78Fd1baBfD3F8065)’ Signers are 4 of 7 to approve and execute a transaction.