Summary

Update the framework for future multisig signers rotations.

Context

The Paladin DAO manages 4 multisigs on different chains:

Main Treasury on Ethereum (Active since July 2022) Strategic Assets on Ethereum (Active since July 2022) Treasury on Arbitrum (Active since May 2023) Treasury on Polygon (Active from January to September 2023)

The first signers were elected in PIP-4 (July 2022) and were rotated twice in PIP-9 (Jan 2023) & PIP-15 (September 2023). However, rotation currently happens once a signer has been unavailable for a long period and aims to replace him only.

Rationale

Current rules Threshold 5/9 signers Any member unable to sign during 5 weeks should be excluded from the multisigs.

This proposal aims to improve the efficiency of signing sessions by fixing a rotation period, and changing the method to renew signers based on their participation rate in order to evaluate them all. This is inspired from the method used in Jarvis DAO rotations.

Introduce a rotation period Instead of proposing a rotation when someone is inactive during 5 weeks in a row, the rotations could be done every 6 months.

Base rotations on signers participation rates This method defines the amount of transactions to watch since the last rotation across all multisigs and calculates the % of the total transactions signed / signer.

Option 1

• The top 3 signers (best participation rate) are auto renewed for the next period if they agree.
• The middle 4 signers must re-candidate, alongside with potential new candidates
• The bottom 2 signers (worst participation rate) must leave their place for at least one period

Note: The signer ranked in 7th spot might be added in the bottom 3 if the rate is below 50%. In that case, only 3 will be in the middle category. If above 50%, he’s included in middle 4 and must re-candidate for the next period.

Recap: Threshold: 5/9 signers Top 3: Auto-renewed if they agree Middle 4 (or 3): Must re-candidate for the next period Bottom 2 (or 3): Must leave their place for at least one period

Option 2:

Top 5 signers are auto renew if they agree Bottom 4 must leave their place for at least one period

Means

None. If this proposal is approved, another PIP will be submitted for the next rotation with an analysis of the signing stats of the current period.

Technical Implementation

Stats can be obtained easily with OnChainDen which doesn’t require extra implementation.

Voting Options

Yes, Implement Option 1 Yes, Implement Option 2 No, Rework proposal Abstain