Proposal

The Treasury Guild proposes that the number of Treasury Guild committee seats be changed from 9 to 7.

Background

The Treasury Guild was initially formed by the DAO with nine committee members. During the recent election, there were seven qualified nominees elected. The Treasury Guild feels that seven members is both a sufficient and more optimal number for operations. Rather than create a runoff election to fill the remaining two seats, the Treasury Guild proposes to modify the number of Treasury Guild committee seats from nine to seven.

This proposal would reduce the number of signatories on the Threshold multisig from 9 to 7 and reduce the threshold required to sign as well from 6 to 4. The Threshold Guild committee can change this threshold, if needed, as long it is greater or equal than 4.