PIP-49 l DAO Multisig Election 7

Improvement Protocol (PIP)
1

Summary:

The proposal aims to re-elect 8 signers for a 6 months period that will manage the DAO multisigs, including proposals execution, treasury management & insurance fund management.

Context:

The mandate of the DAO Multisigs signers elected for 6 months, from November 1, 2024, is coming to an end, therefore time has come for a new election.

Rationale:

The multisig would still be composed by 8 members and would require at least 5 signatures to execute a transaction.

Signers would be coordinated via a channel used solely for this purpose on the Parallel discord.

Being a multisig signer is not something to be taken lightly. Multisigs signers have full control over the protocol, the slightest mistake can have very important consequences for the users of the protocol as well as the protocol itself.

Currently multisig signers are compensated in paUSD (or equivalent) tokens every month with a scale based on the % of signatures made per month; this for the risks taken and the time spent to verify transactions:

  • 90 + signed: 100 $paUSD
  • 70 + signed: 70 $paUSD
  • 50 + signed: 50 $paUSD
  • 30 + signed: 30 $paUSD
  • 30 - signed: nothing

Due to the increasing number of transactions and to guarantee stable compensation over time for signers, we propose to increase the compensation by 50%, while keeping the monthly compensation on a scale based on the % of signatures made per month:

  • 90 + signed: $150 (in paUSD/PAR or equivalent)
  • 70 + signed: $105 (in paUSD/PAR or equivalent)
  • 50 + signed: $75 (in paUSD/PAR or equivalent)
  • 30 + signed: $45 (in paUSD/PAR or equivalent)
  • 30 - signed: nothing

The total maximum cost would be $900 per member per 6 months (or up to $7,200 per 6 months for 8 signers). The compensation payment per member will continue to be published on the discord and on this google sheets every 6 months to keep the maximal transparency on treasury spending. Payment of compensations will be made at the end of the 6-month period by DAO Multisig on Polygon PoS.

If you wish to become a multisig signer, please introduce your application (with the address that would be used to sign) in this forum post before May 10th 2025, elections will start on May 11th 2025. Members will be elected for a 6 month period, starting May 1st 2025.

Means:

  • Human Resources: Multisig signers will need to sign transactions to execute the proposal
  • Treasury Resources: Up to $150 per month per signer (or up to $7,200 per 6 months for 8 signers).

Technical implementation:

After elections, new signers will be added to existing gnosis safe multisigs that control the protocol, the received MIMO inflation and the insurance fund.

Safe Multisigs:

Voting Options:

This will be a cumulative vote, where 8 members are selected by the highest vote count.

  • Signer 1
  • Signer 2
  • Signer 3
  • Signer 4
  • ….
  • Abstain
  • Against / Rework the Proposal

Authors: @JeanBrasse from Mimo Labs

2 Likes
2

I’d like to run again as a DAO Multisigs signer for another 6-month term. I’ve been working at Mimo Labs for over 3 years now as Head of DeFi, initiating multiple proposals (see the forum). I’ve also been a Multisigs DAO signer since its inception, with over 99% of transactions signed (see here), and have initiated the majority of voted transactions after their votes.

My address: 0xBabB038737A7Ae0DcA02075E79ed5B7704C29827

3 Likes
3

My address: 0x35b3e718aAfd5F932450eeb8690D022a96AAd78a

I’ve been part of the project since the beginning and have served as a multisig signer over the last term. As a long-term MIMO holder, I’m deeply committed to the success of the protocol and would be happy to continue contributing in this role.

4 Likes
4

As a current DAO multisig signer with already 2,5 years collected experience for the parallel protocol, I would like to run for the DAO Multisig Election 7. I can assure you that I will diligently and thoroughly support the implementation of the results from the community votes. It would be a pleasure to continue this journey.
My address: 0x8222624aE36fA6d21e32801cCa2B5AF54669e290

4 Likes
5

Hello,

As the current DAO multisig signer, I would like to run for the next DAO Multisig Election.

My address: 0x06C24D990EaAC2659565827788BDDb8c8fe31142

3 Likes
6

I renew my application.

Address: 0x79603115Df2Ba00659ADC63192325CF104ca529C

3 Likes
7

I’ve been contributing to the Parallel Protocol for the past 3 years and am now applying to join the DAO Multisig for Election 7.
Though not a former signer, I’m fully aligned with the protocol’s new phase and committed to sign with rigor.
My address: 0x244a875233a8898aA97753CD919857271079682c

3 Likes
8

Hi friends. You know me as a Dao multisig member of the very first hour of mimo/PRL. Happy to check and sign txns in a secure and fast way. I you want to, I would love to take this task for another 6 months.
Address: 0xd758e17c0d96a6c753995d86e891e07286858130

3 Likes
9

I renew my application.

My address : 0x4C5d1029C2c64fC6477529d5A391cA667a514B4C

1 Like
10

The proposal is now live on Snapshot from May 16th at 3pm CET until May 25th at 3pm CET: https://snapshot.box/#/s:mimo.eth/proposal/0x94ccc5b7521d94169caf5d896c6ec24447d086131af9280093aac59cb7f89314