[bDIP-08] Selection and Election of BanklessDAO Vault Multi-Signature Wallet Signers

[Icedcool]

Some of the language on this bDIP is incorrect, so I’m updating it to fit what is accurate, and be conducive to the constitution.

Since the larger initiative of the bDIP has passed, I’m going to give this till Sunday, 4/9 to allow objection.

The changed areas are below:

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Before

The BanklessDAO Vault multi-signature wallet (vault multisig) receives BANK on a seasonal basis from the BANK token contract, and disburses BANK to DAO Organizational Units. It is managed by a team of seven BanklessDAO members, and requires four of the seven members to sign in order for any transaction to be executed.

Change:

The BanklessDAO Vault multi-signature wallet (vault multisig) is the holder of DAO funds, and disburses BANK to DAO Organizational Units. It is managed by a team of seven BanklessDAO members, and requires four of the seven members to sign in order for any transaction to be executed.

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Before

To be considered for selection and to retain the role, vault multisig signers must meet the following criteria:

1. Recognition as a Level 2 Contributor of BanklessDAO.
2. Active membership of BanklessDAO for at least one year.
3. A previously held leadership position in the DAO (equivalent to Guild Coordinator, Project Champion, Grants Committee).
4. Experience as a signer on a multi-signature wallet.
5. Current knowledge of BanklessDAO’s governance procedures.
6. (optional) Should ideally have a Chippi .

Change:

To be considered for selection and to retain the role, vault multisig signers must meet the following criteria:

1. Recognition as a Level 2 Contributor of BanklessDAO.
2. Active membership of BanklessDAO for at least one year.
3. A previously held leadership position in the DAO (equivalent to Guild Coordinator, Project Champion, Grants Committee).
4. Experience as a signer on a multi-signature wallet.
5. Current knowledge of BanklessDAO’s governance procedures.