YAM Guardian: Transition to Multisig
Multisig Guardian
https://forum.yam.finance/t/yip-multisig-guardian/1123/5
Basic Summary
The Guardian role in the Compound governance module allows for the veto-ing of proposals. This is a helpful mechanism to provide an additional layer of security for the protocol to prevent governance takeovers. While this threat was greatest in the early days of the protocol when delegation was low and a vote AGAINST a malicious proposal might not have been feasible, it is still a valuable security measure to have.
As such, I propose to transition the Guardian role to a 3/5 Multisig.
Motivation
Currently the Guardian is set to the YAM Deployer address, controlled by Brock. He has never had to use the Guardian, and in many ways its very existence acts as a deterrent, but it is an unnecessary single point of failure for the protocol and adds unnecessary risk to his person and the protocol.
Specifications
Create a multisig with the following signers, create new Governor with multisig as governor, update admin of Timelock to new Governor:
Feddas (Full-time Ops) - 0xbdac5657eDd13F47C3DD924eAa36Cf1Ec49672cc
Nate (Full-time Smart Contract) - 0xEC3281124d4c2FCA8A88e3076C1E7749CfEcb7F2
HodlDwon (Former Rescue Multisig Signer + Advisor/Strategist) - 0x46499275b5c4d67dfa46b92d89aada3158ea392e
0xE (Full-time Full Stack Dev) - 0x8A8acf1cEcC4ed6Fe9c408449164CE2034AdC03f
Ronin (Chinese/English Translator + Moderator) - 0xf5f1287F7B71381fFB5Caf3b61fA0375112531BC
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xEC32...Ecb7F2 | 145,962 | For |
 0x683A...20De84 | 66,976 | For |
 0x653d...48aDa5 | 21,110 | For |
 0xf75f...C9482A | 14,661 | For |
 0x7081...040745 | 10,146 | For |
VOTE POWER
Proposal Status
- Tue January 12 2021, 12:30 amVoting Period Starts
- Thu January 14 2021, 12:30 amEnd Voting Period
Current Results
1-For
310,690.984