Founders DAO

This proposal seeks to update the terms of FoundersDAO SAFE multisig signers.

Multisig signers were elected with a previous proposal https://snapshot.org/#/foundersdao.eth/proposal/0x3facc1dd180dbbea3faec9820102806aadc9e8952d1387ad00978e45bb72ffaa but there are a few issues that were overlooked and we need an update.

Currently Multisig signers are paying the gas fees to execute Founder’s DAO multisig transactions from their own pockets and this is not ideal.

Attached is how much each signer spent until August 30th, 2023. Ethereum spent on these transaction executions are not a subject of the previous proposal’s terms. (https://docs.google.com/spreadsheets/d/14kDOitDZU6p2OSd_5abmxvolmxIXjj97H3pQhbXYQkg/)

Here are the new terms:

1-) Multisig signers will receive 0.3 eth each from FoundersDAO SAFE Multisig wallet (which was set and approved with the previous proposal as well) at the beginning of their terms instead of at the end of their terms. Since current signers are already elected they shall receive 0.3 eth on the first available date once and if this proposal passes.

2-) Ethereum spent by FDAO SAFE multisig signers on FDAO SAFE Multisig wallet transaction executions shall be reimbursed to SAFE signers every 3 months from FoundersDAO SAFE Multisig wallet.

3-) Each FoundersDAO SAFE Multisig Signer is responsible for tracking their own transaction executions and the Ethereum they spent as gas fees on their own. They are required to publish these documents to “Pixel Vault Founders DAO” token holders via appropriate channels before they receive any type of reimbursement.

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Exceptional situations: 1-) If a signer’s term expires before the 3 months period of gas reimbursement, the gas they spent on each Founder’s DAO gnosis multisig transaction to that date shall be reimbursed by FDAO Multisig Wallet. The signer is required to report each related transaction to FDAO via appropriate channels before the reimbursement.

2-) If all previous signers are being renewed by new signers; all signers from the previous term are responsible for reporting the gas they spent on FDAO multisig TXNs via appropriate channels and the new signers are responsible for paying the gas reimbursement using FDAO SAFE wallet.

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Additional notes:

1-) Daniel G generously offered his signer position to SanLeo to make SAFE transactions more efficient and secure. He worked for 3 months and he was always quick to sign every transaction as well as leading most of the trades. He will receive his 0.3eth/4 = [0.075eth] as his deserved compensation.

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Reminder: This is the second time we (signers) are proposing the update. And proposal terms are practically the same with what we proposed on 25th of May, 2023. https://snapshot.org/#/foundersdao.eth/proposal/0x75e542e38578b9904646581fe6c1e3c7821ee16ec1ebc900e9bdd11dcc9d76ed