IIP-143: Update Investment Account Multisig

Governance Proposal
1

IIP: 143
Title: Update Investment Account Multisig
Status: Proposal
Author: @Finance.Nest - @Matthew_Graham and @ahuja
Gov Review: @sixtykeys
Created: 15th March 2022

Simple Summary

This proposal seeks to modify the signers on the Investment Account Gnosis Safe. During recent efforts to deploy capital from this wallet we experienced difficulties in being able to find times where all signers were available.

Investment Account: ‘0x462A63D4405A6462b157341A78Fd1baBfD3F8065’

Abstract

The 4 of 7 multisig configuration implemented from IIP–112 is to remain and two signers are to be swapped out. @dylan and @Pepperoni_Joe are to be replaced with the more active @ElliottWatts and @anthonyb.eth Details around the type of assets held within the Investment Account are discussed in the Investment Account Strategy Details forum post and monthly Investment Account updates provided by @ahuja.

The strategies deployed within the Investment Account are expected to be updated more frequently in the near future as we are witnessing the yield across DeFi fluctuate with market conditions. There is also the possibility that capital from the Investment Account is to be used as collateral and therefore we need to ensure there are active and available signers on the account.

Motivation

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 to be able to accommodate more actively managed positions. Note, this simply means responding to market conditions and being a bit more agile than the list of previous signers enabled.

Specification

Amend the Investment Account signers as shown below:

The new signer structure will be:

Location Roles Operations Account
United States America Product Nest @anthonyb.eth
United States America Product Nest @ncitron
United Kingdom Finance Nest @ElliottWatts
United Kingdom Finance Nest @Matthew_Graham
United Kingdom Growth Nest @MrMadila
United States America Investment Account Manager @Ahuja
United States America Governance Nest @oneski22

The Investment Account will be a 4 of 7 signer wallet.

Voting

FOR:

DO remove @dylan , remove @Pepperoni_Joe add @anthonyb.eth and add @ElliottWatts.

AGAINST:

DO NOT change the existing arrangement.

Copyright

Copyright and related rights waived via CC0.

3 Likes
2

@mel.eth

Requesting support here in preparation to assign an IIP here Friday and to schedule a vote for Monday 21st March. Thanks in advance for the admin support.

2 Likes
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Sorry @Matthew_Graham when you say admin support are you referring to having this IIP reviewed by a GovRep and the status changed to “Proposed” in accordance with this established procedure; or do you require additional assistance?

1 Like
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That is the admin support I was referencing. Thanks for getting this done.

2 Likes
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gm @Matthew_Graham -

Looking for some clarity on a few things:

  • In terms of roles it appears we’re removing a Set team signer and an IC core team signer and adding two IC core team signers; given that @oneski22 is the only remaining non-core signer would it make sense to move further toward that composition with this IIP? Some insight as the the holistic composition of the proposed wallet-signers would be useful in helping me decide.
  • When will this change be implemented should this IIP pass? Please update this within the body of the post.
  • Given that the proposer here is an account with permissioning unknown, please assign a DRI for execution of this proposal should it pass within the body of the post.

Thanks!

6

Hey @Matthew_Graham an IIP number (143) has been assigned, and this vote has been queued to go live on Monday, 21st March 2022, 6PM UTC.
Snapshot here