This RFC would like to gather feedback surrounding the timely rotation of the current community signer seats in the ProtocolDAO and the TreasuryDAO based on resolutions executed in MIP 21. For the ProtocolDAO, 2 seats will be once again made available for election, whereas the TreasuryDAO will rotate one seat.
With the 6 month term of the community signers coming to an end, the ProtocolDAO and TreasuryDAO are once again in need of some core community members to take over the current signer positions.
Based upon MIP 21, all three signers can once again run for the election in the upcoming thread, should the RFC resolve without any objections.
As previously stated, the decentralisation the DAOs of mStable is a key goal for the project. This follows the long-term goal that mStable is to be “controlled not by a single entity but by a global community of Meta Governors.” This step will maintain the same level of transparency towards the multisig transactions performed by the two DAOs, and an additional instance of reaffirmation by the community.
Of particular note this time is that the entire DAO structure of mStable will most likely change in the coming months, and more responsibility given to DAO signers, which will also mean a change in compensation and scope.
Therefore, it is suggested that only individuals with the willingness to take such an increased workload on (eyeballing around 10 hours per week) apply for this round, as we’re still finalizing some points in this regard and can’t give exact details about this yet.
- Maintain decentralization in the mStableDAO multisigs
- Ensure signer seats are occupied by active community members
- Give new core community members an opportunity to step up
- Same structure is retained for this cycle, with the same decentralization assurances as last time only
It is suggested that the community comment on this RFC in the coming days, and bearing no significant opposition or change in ideation, we would move ahead with this RFC in the coming week and create the Election Thread to be put to Snapshot vote afterwards.
Meta Governors are encouraged to provide as much feedback as possible until then, so we can create the best possible outcome for mStable and its users.