RE: SPS DAO Treasury Upgrade
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Hello. A few questions as I consider whether to proceed with an application.
Multisig signing - gas fees accross various chains
Is there a requirement to have tokens accross the various EVM chains for gas fees with the multisig wallets? My ideal preference would be to set up a separate EVM address if I was to volunteer to do so. This would allow a clean slate keeping my transacting wallets which are in Metamask separate.
Ledger/Hardware Wallet
I have no experience using a hardware wallet. While I have considered getting one before I have not taken the step. Which wallet would be recommended so far as security and reliability. It would be ideal to have one in place for thew initial testing of the multisig process if I was voted in.
Alternatively, would it be considered sufficient to have a cheap/older laptop dedicated purely as the wallet and use Meta mask or similar?
KYC
I have not yet, and didn't intend to at this stage, complete the KYC process. I am not completely adverse to doing so for Splinterlands, but regret doing so for other projects in the past, being more identity conscious than I was previously. More points of failure with amount of failures in security that seem to be occurring across the world. Internally, what information does the third party verifier require and what does Splinterlands keep on file?
Legal
I'm not expecting this to be an issue, but has the team done any research on legal implications for holders of multi-sig wallets, so far as implications to the individuals who implement the transactions approved by the DAO, in such event the DAO become subject to legal proceedings/litigation?
Insufficient Treasuers
What is the process if there are not enough treasurers volunteer to cover the 6/11 requirement?
Also, will applications be accepted during the voting window, or do all applications need to be submitted during this first 7 days?
There are gas fees associated with multi-sig. I was considering that the other day. The amount of transactions the DAO actually does on BSC or ETH are pretty minimal, but I imagine we could make a proposal to allocate like $1000 to a sort of petty cash wallet for reimbursing multi-sigs with gas fees. Something to think about I suppose, but yea... gas fees are a thing.
I've personally never bothered with hardware wallets as I trust myself more, but that said I bought a ledger after talking with Matt. I think it's the smartest option for multisig security.
As mentioned in the post, KYC is optional and may influence voting. That said if we don't have 11 applicants... probably hard to not make the cut.
Legal is definitely the big question. I don't know enough to speak on it, but I do know enough that laws and jurisdictions globally are very different. I cannot/will not advise in this regard.
As far as not having at least 11 applicants... I plan to ask for a time extension. Not really sure what other option we have there.