As the proposal has been approved, we hereby initiate the process for selecting the signers of the multisig wallets, previously managed by the now-deprecated GovCo structure.
Five of the eight signers have already been designated in the approved proposal due to their roles in VeloraDAO: the Foundation and the four current service providers (Mimic, Laita, SEEDGov, and WakeUp Labs).
The remaining three members will be selected as the Top 3 Delegates, excluding us, according to the following approved criteria:
- Delegates with a delegate platform posted in the forum at least 30 days prior to today;
- Highest current Voting Power;
- Active participation in voting and the forum: This includes not only consistency in Snapshot voting, but also their voting rationale providing in the forum and involvement in ongoing discussions, which together qualify a delegate as active.
As a result, the multisig will consist of 8 members and require 5 of 8 signatures (5/8) to approve and execute transactions. The designated signers are:
- One representative from the Foundation
- One representative from Mimic – @brunitob
- One representative from Laita Labs – @Laita
- One representative from WakeUp Labs – @WakeUpLabs
- One representative from SEEDGov – @SEEDGov
- @avantgarde, meeting all requirements with 89.975M VP
- @ignas, meeting all requirements with 21.322M VP
- @citizen42, meeting all requirements with 17.747M VP
Regarding the Top 3 Delegate seats, as outlined in the proposal, the VP and active participation of all delegates will be reviewed again in three months (early October) to determine whether any replacements are needed. Any signer who resigns, shows disinterest, or fails to fulfill signing duties may be replaced earlier.
All designated signers are kindly requested to confirm their intent to join the multisig as a signers and provide the wallet address they will use for this responsibility.
SEEDGov hereby confirms its participation and provides the following wallet address: 0x1a20c5106c11de13FE62ddE12BAdf5A04605A4b7