# IIP-163: Update Investment Account Multisig & Operations Account Multi-Sig

**URL:** <https://gov.indexcoop.com/t/iip-163-update-investment-account-multisig-operations-account-multi-sig/4395>\
**Category:** Treasury\
**Created:** [5 September 2022 09:46 UTC](https://gov.indexcoop.com/t/iip-163-update-investment-account-multisig-operations-account-multi-sig/4395 "2022-09-05T09:46:32Z")\
**Posts on this page:** 2\
**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:** [5 September 2022 09:46 UTC](https://gov.indexcoop.com/t/iip-163-update-investment-account-multisig-operations-account-multi-sig/4395/1 "2022-09-05T09:46:32Z")

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IIP: 163

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

Status: Proposed

Author: @Finance and Index Council

# Simple Summary

This proposal seeks to do the following:

1. Change the Investment Accounts Gnosis Safe to a 4 of 10 from a 4 of 9 by adding one additional signer
2. Modify the signers on the Operation accounts (all chains and sub accounts of operations account) to remove @TheYoungCrews and replace with @Static121 for geographical reasons.
3. We are aiming to have 20% or less US signers on all multi-sigs.

**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 Investment Account multi-sig is currently a 4 of 9 wallet which was most recently updated in [IIP-158](https://gov.indexcoop.com/t/iip-158-update-multi-sig-structures-and-signers/4317). @Static121 will be added as a signer.

The operations account multi-sig is a 3 of 11 wallet which was most recently updated in [IIP-158](https://gov.indexcoop.com/t/iip-158-update-multi-sig-structures-and-signers/4317). @TheYoungCrews will be replaced by @Static121 .

# Motivation

We are adding and removing members due to geographical reasons regarding the number of US signers on multi-sigs.

# Specification

Modify the Operations Account:

- Remove @TheYoungCrews
- Add @Static121

The new signer structure will be

| Location | Operations Account |
| --- | --- |
| North America | Anthony |
| Europe | Afromac |
| APAC | Sid |
| Europe | MrMadila |
| Canada | Kindeagle |
| APAC | Bradwmorris |
| Europe | Static121 |
| Europe | Hammad |
| Europe | Elliott (Pacioli Consulting LTD) |
| North America | Funkmasterflex |
| Europe | Dev |

Modify the Investment Account:

- Add @Static121
- Update safe to a 4 of 10

| Location | Investment Account |
| --- | --- |
| North America | [anthonyb.eth](https://gov.indexcoop.com/u/anthonyb.eth) |
| North America | [Allan.g (C-squared LLC)](https://gov.indexcoop.com/u/allan.g) |
| Europe | Elliott (Pacioli Consulting LTD) |
| Europe | Afromac |
| Europe | MrMadila |
| North America | [FunkmasterFlex](https://gov.indexcoop.com/u/funkmasterflex) |
| Europe | Dev |
| Europe | [Hammad1412](https://gov.indexcoop.com/u/hammad1412) |
| APAC | [sidhemraj](https://gov.indexcoop.com/u/sidhemraj) |
| Europe | [Static121](https://gov.indexcoop.com/u/static121) |

# Voting

FOR:

DO Remove @TheYoungCrews from the Operations Accounts and add @Static121 to a 3 of 11 structure. Add @Static121 to the Investment Account and change the structure to a 4 of 10.

AGAINST:

DO NOT change the existing arrangement.

# Copyright

Copyright and related rights waived via CC0

---

<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:** [12 September 2022 08:59 UTC](https://gov.indexcoop.com/t/iip-163-update-investment-account-multisig-operations-account-multi-sig/4395/2 "2022-09-12T08:59:20Z")

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IIP is live for voting on snapshot. [Snapshot](https://snapshot.org/#/index-coop.eth/proposal/0xe3bb49ee9cc986d67336da69fd818401fbfb9c902e7689a703692dede40d03f3)