Hop Protocol

Motivation In line with the Snapshot vote for Multi-Sig Operations, we call on the Hop DAO Community to vote for the next cohort of Multi-Sig Signers for the Hop DAO.

Nominees:

1. Rxpwnz
2. Max-andrew
3. Francom
4. Thegreg.eth
5. Fourpoops
6. Olimpio

For more information on the nominees please check out the forum post (https://forum.hop.exchange/t/hop-dao-mult-sig-nominations/931)

Multi-Sig Signer Responsibilities The Community Multisig exists for the Hop DAO to transact faster and with more flexibility than can the full governance timelock. However, the multi- sig’s purpose should be to reduce its role in the DAO as much as possible. • Each signer will be responsible for verifying transactions, checking Merkle roots, and signing off on transactions as necessary. • The signers will work together to manage the nomination and election process, with each signer taking on specific tasks to ensure the process runs smoothly. • The signers will also work together to manage the day-to-day operations of the multisig, including responding to questions from the community and ensuring that transactions are executed in a timely and efficient manner.

Hop DAO MultiSig Signers Expense: As an amendment to HIP-12 4, Multi-Sig Signer compensation will be $2,250 twice a year for = $4,500 * 5 = $22,500 Bringing the total cost to = $22,500

Gas Rebates: As ETH is spent to execute multisig transactions, we propose that each signer is reimbursed for the exact amount of gas spent during the 6-month term. To be eligible for a rebate, we propose that signers use a Google Sheet template to track gas costs. A dune dashboard or other data query can replace this. We further propose that gas rebates (but not full compensation), where reasonable, are extended to all Hop-related multisigs (e.g. Grants Program multisig).