Founder’s DAO Improvement Proposal - Gnosis Safe Signers
Author: Jacob Wittman (@jakewittman)
Implementor: Pixel Vault, Inc.; Founder’s DAO Community Members
Created Date: March 7, 2022
The Founder’s DAO assets are currently held in the following wallet address: 0x580a96bc816c2324bdff5eb2a7e159ae7ee63022 (the “Founder’s DAO Wallet”). While the snapshot.page vote serves as a mechanism for the Founder’s DAO to exercise their voice, no action will be taken until the keyholder to the Founder’s DAO Wallet acts. Currently, the Founder’s DAO wallet is managed via a Gnosis Safe, which has three keyholders. At least two signatories must sign for any action in the Founder’s DAO Wallet to be completed on-chain.
The current Gnosis Safe keyholders are Sean Gearin, the Founder and Chief Executive Officer of Pixel Vault, Inc. (“Pixel Vault”), Chuba, Lead Solidity Developer at Pixel Vault and Andy8052, Founder of Fractional.art. This proposal seeks to expand the number of signatories from three (3) to seven (7) and appoint four (4) new signers to serve as the additional signatories.
Newly Elected Signatories
We’ve spent a lot of time thinking about who should serve these roles, and what the requirements (if any) should be. We landed on three minimums that each keyholder should have:
- Own at least one PVFD Token
- Be an active member of the Founder’s DAO Discord
- Have a proposal ready to submit to the Founder’s DAO for debate
Number 3 above might seem a bit unnatural as a “requirement,” but something that we are inspired to see in the Founder’s DAO is a level of civil discourse and debate that not many other DAOs reach. As an already engaged community on Discord, the opportunity for continued growth is limitless; however, to sustain that growth each level of the DAO (from community to keyholders) should be engaged in finding new ways to innovate and operate.
After discussing with various members of the Founder’s DAO community (s/o to Rusty, Potamus and others for the help here), we landed on the following individuals to discuss this opportunity with:
- Richard [MetaHero No. 5], member of the Founder’s DAO
- RustySailor, members of the Founder’s DAO
- SpaceWalk.eth, member of the Founder’s DAO
- Jacob Wittman, member of the Founder’s DAO; General Counsel, Pixel Vault
Each of the individuals above has expressed an immense amount of support for the Founder’s DAO and is thrilled to be proposed signers on the Founder’s DAO multisig.
Staggered Voting; Fees
The current process of using a Gnosis Safe and requiring an m-of-n vote will likely transition to a full on-chain vote and the Gnosis Safe will no longer be needed. However, to ensure fair mechanics and protect against a backdrop where the transition to on-chain is delayed, we propose that the keyholders serve one (1) year terms. These terms will be staggered, with one keyholder rotating out every 3 months. The first rotation will be scheduled six (6) months from the passing of this proposal, which will result in certain individuals serving longer than 1 year, but allows for the staggered process to be implemented.
This FDIP proposes the following rotation for the keyholders:
- Chuba to serve until September 7, 2022, at which point in time the Founder’s DAO will vote a new keyholder in his place.
- Jacob Wittman - December 1, 2022
- Sean Gearin - March 1, 2023
- Andy8052 - June 1, 2023
- RustySailor - September 1, 2023
- SpaceWalk.eth - December 1, 2023
- Richard [MetaHero No. 5] - March 1, 2024
Furthermore, we propose that each keyholder shall be eligible to receive 0.3 ETH from the Founder’s DAO to help cover time and costs associated with the management of the Gnosis Safe. This distribution will come later after the Founder’s DAO has considered various liquidity opportunities.
[End of proposal]