Solace DAO Multisig
Solace Multisig is a group of community-elected individuals or entities who are part of a SolaceDAO multisig. The multisig is intended to execute decisions made by SGT holders through snapshot voting. This council uses a Gnosis Safe Multisig to execute decisions on-chain, ensuring that the changes are implemented securely and efficiently. The council also provides support to community members throughout the governance process.
The Multisig signers are elected for 12 months by the community and have 9 members with 5 signatures needed to execute a transaction on-chain.
- 1.Nomination Phase (Duration: 1 week)
The nomination phase allows SGT holders to nominate themselves or other community members as candidates for the multisig signer council. Users can submit their applications in a standardized format in a special channel on Discord, including information on their experience, expertise, and contributions to the Solace ecosystem.
- 2.Nominee Vetting (Duration: 1 week)
Once the nomination phase is complete, the Multisig signers review the nominees based on the information provided in their applications. They create a shortlist of candidates for the multisig signer council, ensuring transparency by publishing the vetting criteria and the rationale behind the shortlisted candidates on a publicly accessible platform.
- 3.Community Discussion (Duration: runs parallel to the Nominee Vetting process)
During the community discussion phase, the Solace community have the opportunity to voice their opinions, provide feedback and share their thoughts on the shortlisted candidates. The Multisig signers are in contact with the nominees and can share their findings/opinions on a running basis. This runs parallel to the nominee vetting process.
- 4.Approval of the Final List of Multisig Signers (Duration: a few days)
Once the Multisig signers and community discussion phase is complete, each candidate is voted on separately by SGT holders via snapshot votes. If a candidate receives a sufficient number of votes, they are selected as a multisig signer.
Last elections were held from May 10 to May 17 of 2023 and established 9 signers of the Solace DAO multisig:
- 7.Jeff Tang (jefferson#8477) — an early contributor to Solace and Holdr
- 8.Gnar (Gnar#2784) — early supporter and the OG member of the Solace community.
- 9.Jehoti (Jehoti#4527)— early supporter and the OG member of the Solace community.