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QIP-0007 · passed

Establishment of the Custody Subcommittee

Establish a five-member Custody Subcommittee with authority to ratify routine operational decisions below the DAO threshold.

Proposer
0xGovernance.eth
Posted
Aug 15, 2024
Closes
Aug 29, 2024
For
18,920,000
Against
1,680,000
Abstain
400,000

Rationale

The DAO has grown to oversee multiple custody facilities across jurisdictions. Centralizing operational authority in an elected Custody Subcommittee will accelerate decision-making on non-strategic matters while preserving DAO governance for capital-intensive and strategic initiatives.

Proposed action

Create a five-member Custody Subcommittee elected by DAO governance vote. The Subcommittee shall have authority to approve facility maintenance, routine staffing decisions, and operational expenditures below 0.10% of Treasury reserves. All decisions shall be documented and reported to the DAO quarterly.

Risk factors

Delegation of authority carries the risk of misalignment if Subcommittee composition shifts away from DAO intent. Mitigation: annual re-election and removal provisions available via supermajority governance vote.