🔓DAO Multisig

Details and composition of the Shell DAO Multisig

The multisig does not have custody or control over funds in the Ocean contract, nor in any protocols connected to the Ocean.

Even if the multisig is compromised, liquidity in Shell Protocol will remain safe.

The Shell DAO Multisig is a 6/11 wallet on Arbitrum. Composition and signers may be subject to change, depending on the DAO. View the DAO multisig activity using the Safe app.

Address: 0x808038B1B6C21c0C6F98cA640f8a19C19B405fba

When a DAO vote succeeds on Snapshot, it doesn't automatically trigger the execution of the proposal. Instead, it serves as instructions for the DAO Multisig. Signers on the multisig are like system administrators, or government representatives. They can execute the proposal on-chain on behalf of the DAO.

The Shell DAO multisig exists solely to fulfill the wishes of the veSHELL voters, as described in the governance process.

Why a multisig, rather than fully on-chain governance? At this early stage in DeFi, on-chain governance is not yet mature. For example, there are no battle tested implementations of vote-escrowed tokens with on-chain governance. Perhaps in the future, when the technology is more robust, the Shell DAO will transition to a different governance model.

Although there are disadvantages to concentrating certain privileges in the hands of a multisig, it is much better than a single signer. In this sense, larger multisigs are more secure.

Multisig signers are chosen for their trustworthiness in the Shell, Arbitrum, and Ethereum communities. It is an honor and responsibility.

Individuals on the multisig are public figures. They must be held accountable to one another and to the veSHELL community. If at any time a signer's actions signify improper conduct, they may be replaced.

The following individuals are signers on the multisig.

Name	Twitter	Address
Chim9	https://twitter.com/thechim9	0xF44217A8b6b3f258BFFEaD635c226528aa516aea
Etienne	https://twitter.com/etienneroyole	0x4B2d4177d072e6258BD41a7C4DB31E00D08F2E12
Griff Green	https://twitter.com/thegrifft	0x89E12F054526B985188b946063dDc874a62fEd45
Joe A	https://twitter.com/ComfyVentures	0xde05E6c4d57CB95894f359D87080cD4D82d1B782
limes	https://twitter.com/limes_eth	0xA7860E99e3ce0752D1ac53b974E309fFf80277C6
Mike B	https://x.com/defigod5	0xc4591c41e01a7a654B5427f39Bbd1dEe5bD45D1D
Viraz	https://twitter.com/Viraz04	0x72466f2ef6Fd28b8Ed905622c80298f783352aa0
DK	https://twitter.com/DK3Anon	0xAD16ebE6FfC7d96624A380F394cD64395B0C6144
bfresh	https://twitter.com/BFreshHB	0xAE9Df752dc71Fc2Dc224Fa6c142834233AC1f65b
Kevin Nielsen	https://twitter.com/kevinknielsen	0xc1a69F906Ce4366C0C77e0219b3132FeA0969231
Kenny White	https://twitter.com/Dark__Kenny__	0xa23754e9f9c5Be3fe68336c7e2F81ced34539819