The snapshot is now live. Quorum is 5k TORN. You can vote for free off-chain now: Snapshot
Proposal #7 successfully setup a community multisig treasury funded with 5% of the overall TORN available to governance. The multisig was funded with 22,916 TORN + 4,583 TORN every month for 12 months. The initial elected members were @Rezan, @ethdev and @Justin_Bram forming a 2-of-3 multisg. 2-of-3 is a rather low threshold creating a risk of collusion. Initially, when making the proposal it was hard to find community members committed enough to join the multisig. Since the proposal passed, attention was brought to the idea and new members have manifested their interest to join the multisig. The address of the multisig is:
Adding 2 new members to the multisig and upgrading the threshold to a 4-of-5. The new threshold will lower the risk of collusion and is more in line with the amount at stake.
Being member of the multisig includes a remuneration of 100 TORN per month. The remuneration counts for the work of multisig signer AND the various contributions of the member to the Tornado ecosystem. It is expected more from the members than just signing a few transactions per month.
2 solid candidates from the community have manifested their interest to join the multisig:
- @Bt11ba: Proposal #7: Tornado Cash Community Fund - #54 by bt11ba
- @XGozzy: Proposal #7: Tornado Cash Community Fund - #52 by xgozzy
You can vote to accept or reject the addition of these 2 new candidates. You can vote with your TORN tokens off-chain by providing a signature. Your voting power depends on your TORN balance at block 12640816.
→ VOTE NOW ←
Post and snapshot authored by @Rezan