# IIP-158 Update Multi-sig structures and signers

**URL:** <https://gov.indexcoop.com/t/iip-158-update-multi-sig-structures-and-signers/4317>\
**Category:** Finance\
**Created:** [29 June 2022 17:06 UTC](https://gov.indexcoop.com/t/iip-158-update-multi-sig-structures-and-signers/4317 "2022-06-29T17:06:33Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![ElliottWatts](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/elliottwatts/32/878_2.png) [@ElliottWatts](https://gov.indexcoop.com/u/ElliottWatts)\
**Post date:** [29 June 2022 17:06 UTC](https://gov.indexcoop.com/t/iip-158-update-multi-sig-structures-and-signers/4317/1 "2022-06-29T17:06:34Z")

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IIP: 158

Title: Update Investment Account Multisig & Operations Account Multi-Sig

Status: Proposed

Author: @Finance and Index Council

# Simple Summary

This proposal seeks to the following:

1. Change the Operations Accounts Gnosis Safe to a 3 of 9 from a 3 of 11 by removing two signers due to personnel restructuring.
2. Modify the signers on the Investment Account Gnosis Safe due to personnel restructuring.

**Operations Accounts**

Mainnet Operations Account: [0xFafd604d1CC8b6B3B6CC859cF80Fd902972371C1](https://etherscan.io/address/0xfafd604d1cc8b6b3b6cc859cf80fd902972371c1)

Mainnet POL Account: [0x3a36b94689f303aAf9BFE761068Efb8F78912023](https://etherscan.io/address/0x3a36b94689f303aAf9BFE761068Efb8F78912023)

Polygon Operations Account: [0xDECC5b013C74d8d3cEf1F8918768DDa17490B505](https://polygonscan.com/address/0xdecc5b013c74d8d3cef1f8918768dda17490b505)

Optimism Operations POL Account: [0xA047F6900FeE0b6195088a49009eA65365f7DD68](https://optimistic.etherscan.io/address/0xa047f6900fee0b6195088a49009ea65365f7dd68)

**Investment Account**

Mainnet Investment Account: [eth:0x462A63D4405A6462b157341A78Fd1baBfD3F8065](https://etherscan.io/address/0x462A63D4405A6462b157341A78Fd1baBfD3F80)

# Abstract

The Operations Account multi-sig is currently a 3 of 11 wallet which was most recently updated in [IIP-151](https://gov.indexcoop.com/t/iip-151-update-operations-account-multisig/4183). @prairiefi and @Matthew_Graham will be removed as signers and the multi-sig wallet will become a 3 of 9.

The Investment Account multi-sig is a 4 of 9 wallet which was most recently updated in [IIP-155](https://gov.indexcoop.com/t/iip-155-update-investment-account-multi-sig/4279). @Matthew_Graham will be replaced by @afromac.

# Motivation

It is standard practice to remove individuals who are no longer contributors at Index Coop as signers on the multi-sig wallets.

# Specification

Modify the Operations Account:

- Update from 3 of 11 to 3 of 9

- Remove @prairiefi

- Remove @Matthew_Graham

The new signer structure will be

| Location | Operations Account |
| --- | --- |
| North America | Anthony |
| Europe | Afromac |
| APAC | Sid |
| Europe | MrMadila |
| North America | Oneski22 |
| APAC | Bradwmorris |
| North America | Theyoungcrews |
| Europe | Hammad |
| Europe | Elliott (WFM LTD) |

Modify the Investment Account:

- Add @afromac
- Remove @Matthew_Graham

| Location | Investment Account |
| --- | --- |
| North America | [anthonyb.eth](https://gov.indexcoop.com/u/anthonyb.eth) |
| North America | [Allan.g](https://gov.indexcoop.com/u/allan.g) |
| Europe | Elliott (WFM LTD) |
| Europe | Afromac |
| Europe | MrMadila |
| North America | [FunkmasterFlex](https://gov.indexcoop.com/u/funkmasterflex) |
| North America | oneski22 |
| Europe | [Hammad1412](https://gov.indexcoop.com/u/hammad1412) |
| APAC | [sidhemraj](https://gov.indexcoop.com/u/sidhemraj) |

# Voting

FOR:

DO Remove @prairiefi and @Matthew_Graham from the Operations Accounts and change from a 3 of 11 to a 3 of 9 AND remove @Matthew_Graham and add @afromac to the Investment Account.

AGAINST:

DO NOT change the existing arrangement.

# Copyright

Copyright and related rights waived via CC0

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<div class="post-metadata">

**Author:** ![ElliottWatts](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/elliottwatts/32/878_2.png) [@ElliottWatts](https://gov.indexcoop.com/u/ElliottWatts)\
**Post date:** [29 June 2022 17:19 UTC](https://gov.indexcoop.com/t/iip-158-update-multi-sig-structures-and-signers/4317/2 "2022-06-29T17:19:10Z")

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This has been queued to go live at 12:00 UTC tomorrow. [Snapshot](https://snapshot.org/#/index-coop.eth/proposal/0x1b12da50363b73cde8628849330ede6dc0cb1ab70d4c5d3aa5ce8c188fcf392c)

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<div class="post-metadata">

**Author:** ![ElliottWatts](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/elliottwatts/32/878_2.png) [@ElliottWatts](https://gov.indexcoop.com/u/ElliottWatts)\
**Post date:** [30 June 2022 09:25 UTC](https://gov.indexcoop.com/t/iip-158-update-multi-sig-structures-and-signers/4317/3 "2022-06-30T09:25:03Z")

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For the purposes of completeness and transparency my duties as a multi-sig signer will be carried out under the umbrella of my LLC (WFM LTD). This will be the case for all current and future multi-sigs.