PIP-10: wPOKT Multi-sig Signer Selection

To operate the wPOKT bridge, we need a Gnosis Safe 5/7 multi-sig that can mint wPOKT as needed to supply tokens to the liquidity bridges.

Rather than putting forward a predefined selection of signers for the wPOKT multi-sig, then getting the stamp of approval from the DAO, we wanted to make the selection process more inclusive of our community.

Therefore, this proposal invites anyone to volunteer to be a signer, by responding below.

Signer Requirements

The multi-sig signers will be responsible for reviewing/signing the wPOKT minting transactions that supply the token pools in the liquidity bridges (Boosty and Ferrum). The signers are not approving every bridge transaction, only the occasional wPOKT mint to supply the bridges. When the DAO votes to mint more wPOKT, the multi-sig must execute this decision.

Therefore, the multi-sig should consist of signers who are:

  • trustworthy (won’t collude to gain a 3/7 veto on the DAO’s decision)
  • already active community members (will be responsive signers)
  • committed for the long-term (won’t become unresponsive signers over time).

There are also security requirements for the Ethereum address belonging to the signer:

  • Hardware wallet
  • Brand new account (0 transactions, no ENS)

Security by Anonymity Option

While we want to be inclusive of the community, we also have concerns about all 7 signers being identified. Even the pseudonyms among us are not perfectly anonymous; they could be doxxed with a little effort and incentive, of which there will be many as POKT and wPOKT grow more valuable.

Therefore, we are including a “security by anonymity” option in this proposal. If the DAO approves this option by a 50% majority (of those who voted), the Pocket Network Foundation will select 3 anonymous signers, and the remaining 4 signers will be determined by the above selection process. If the DAO rejects this option, all 7 signers will be determined by the above selection process.

Why 3? This allows the anonymous signers to veto transactions in the event that the other 4 identified signers have been compromised. As a result, this should deter would-be attackers from attempting to compromise the 4 identified signers.

Selection Process

The multi-sig signer selection process will be as follows:

  • Voting on Security by Anonymity Option (starting: 1st Jan): We will first hold an initial Approve/Reject vote on the option to have 3 of the 7 signers be anonymously selected by the Foundation. This will determine how many of the most popular volunteers (4 vs 7) are selected in the Voting on Volunteers starting 7th Jan.
  • Volunteering (deadline: 6th Jan): Anyone can volunteer to be a signer. They should reply to this proposal arguing why they meet the requirements for the role and providing an Ethereum address that meets the security requirements.
  • Voting on Volunteers (starting: 7th Jan): Voting will begin the day after the volunteering deadline and last for 1 week. All valid volunteers will be listed in a multiple-choice Snapshot poll and chosen using Approval Voting, which means each voter will be able to cast 1 vote for each of the volunteers they approve of (with a weight of 1 per choice). The most popular signers according to an aggregate of all of the voter’s approvals will be the final signers selected for the wPOKT bridge multi-sig. This will be 4 signers or 7 signers depending on the outcome of the vote on the Security by Anonymity Option.

How to Volunteer

Reply below with the following details:

ETH address:

Which meets the security requirements above

Why I want to be a signer:

(Your statement of intent.)

I confirm that:

  • I’m willing and able to be a signer in the wPOKT multi-sig. I understand this is an ongoing role that requires being responsive to signature requests.
  • I understand that this role does not entitle me to make my own decisions, I am simply executing the will of the DAO.
  • I understand that being a signer is an unpaid voluntary role.

My qualifications as a Pocket Network community member:

Additional links:

  • Discord (optional):
  • Telegram (optional):
  • Twitter (optional):
  • GitHub (optional):
  • Additional URL or blog (optional):
6 Likes

ETH address:

Pending, new hardware wallet en route, will update.

Why I want to be a signer:

I am deeply committed to the long term growth of the Pocket ecosystem, and am a passionate product evangelist and culture guardian. I have retired from my main company in order to focus on these aspects full time.

I confirm that:

  • I’m willing and able to be a signer in the wPOKT multi-sig. I understand this is an ongoing role that requires being responsive to signature requests.
  • I understand that this role does not entitle me to make my own decisions, I am simply executing the will of the DAO.
  • I understand that being a signer is an unpaid voluntary role.

My qualifications as a Pocket Network community member:

I believe the Poktopus brand speaks for itself as to my community qualifications.

Additional links:

13 Likes

I have edited the proposal to clarify the function of this multi-sig.

And to add a more secure option for the multi-sig selection.

4 Likes

ETH address:

I need to think about how I want to do this. I would probably set up a new ledger for this activity. Will think and revert back.

Why I want to be a signer:

POKT is extremely important to me; I have many friends here, and this has been my life for the past several months. I want to contribute to the security of this new aspect of POKT that will be significantly impactful to all.

I confirm that:

  • I’m willing and able to be a signer in the wPOKT multi-sig. I understand this is an ongoing role that requires being responsive to signature requests.
  • I understand that this role does not entitle me to make my own decisions, I am simply executing the will of the DAO.
  • I understand that being a signer is an unpaid voluntary role.

My qualifications as a Pocket Network community member:

  • OTC desk operator handling millions in liquid assets on a daily basis
  • Node runner with 1.2k nodes and ~$18m AUM
  • Trust of thousands of clients
  • No-minimum service provider to the entire community

Additional links:

11 Likes

I also support Addison in this role and confirm his notable contributions to the ecosystem.

3 Likes

ETH address:

0xCb4Dd5b3Fd77D9700Ac30307291Bf437873C1402

Why I want to be a signer:

I believe, the group of multi-sig signers will benefit from having a trusted, fully-doxed and reputable member well-known within the cryptocurrency industry.

I confirm that:

  • I’m willing and able to be a signer in the wPOKT multi-sig. I understand this is an ongoing role that requires being responsive to signature requests.
  • I understand that this role does not entitle me to make my own decisions, I am simply executing the will of the DAO.
  • I understand that being a signer is an unpaid voluntary role.

My qualifications as a Pocket Network community member:

I still consider myself a very green and new community member. As a fund we are well past 100 nodes, deeply invested in terms of manpower due to our focus on on-chain analysis of Pocket Network, and intend to go much deeper.

We haven’t sold a single POKT and all our rewards are either compounded or awaiting to be compounded.

Additional links:

  • Telegram (optional): moskovski
  • Twitter (optional): @mskvsk
8 Likes

Lex would be a perfect signatory addition.

4 Likes

ETH address: 0x8e0529406F18d984CFeCDE924e87c5DFD18285D4

Why I want to be a signer:

I am deeply committed to not only the growth of the Pocket Network and its ecosystem, but to also its community. After finding out about Pocket, and what it is trying to accomplish, I knew I had to be a part of it one way or another. Pocket Network is changing the blockchain space for the better by helping to solidify Web3 and its decentralization, I MUST be part of this evolution.

I confirm that:

  • I’m willing and able to be a signer in the wPOKT multi-sig. I understand this is an ongoing role that requires being responsive to signature requests.
  • I understand that this role does not entitle me to make my own decisions, I am simply executing the will of the DAO.
  • I understand that being a signer is an unpaid voluntary role.

My qualifications as a Pocket Network community member:

I am currently running/managing over 10 nodes with a long-term strategy for the growth of Pocket, and will increase our Node counts each month. I am currently also active within the community by being an Admin for both The Poktopus Den and POKTPool on Discord, and have been helping out the community with questions/discussions as often as I am able. I am also a big supporter of Pocket on Twitter where I regularly tweet to help expand the recognition of Pocket as EVERYONE should know about the Pocket Network. =) I feel my involvement and support within the Pocket community is just getting started, and I can’t wait to see what more I can do to keep supporting this growing network!

Bonus qualification: I have a Poktopus Den hoodie! :grin:

Additional links:

Discord: Momo_Lee#5335

Telegram: @Ming_Snoopy

Twitter: @Ming_Chun_Lee

GitHub: nobitacu

5 Likes

Continuing the discussion from PIP-10: wPOKT Multi-sig Signer Selection:

ETH address:

0xC2628573b6D84cCf840e8f6244411822b31Ee7C3

Why I want to be a signer:

I’ve enjoyed seeing POKT flourish from the early days. As the ecosystem matures, I’d love to be more involved. Building out a more robust poktpool in 2022, I hope to become even more involved in the POKT ecosystem. Being apart of the multi-sig would be an honor!

I confirm that:

  • I’m willing and able to be a signer in the wPOKT multi-sig. I understand this is an ongoing role that requires being responsive to signature requests.
  • I understand that this role does not entitle me to make my own decisions, I am simply executing the will of the DAO.
  • I understand that being a signer is an unpaid voluntary role.

My qualifications as a Pocket Network community member:

I am a POKT seed-investor from 2018. Founded poktpool, a fractional staking pool that gives back profits to the community via airdrops.

Additional links:

6 Likes

Good day. As a potential volunteer multi-sig delegate, I have a couple of questions to help confirm whether I may be an appropriate fit for the job. I am a medical officer in the USAF nearing retirement and interested in becoming more involved here but admittedly as of yet with little technical knowledge of computer science (and still not yet retired and free to work from home). The last time I programmed anything was 30 years ago in LOGO and Basic- lol. However, I am very keenly interested in the societal benefits of WEB3 and in particular my intuition leads me to wanting to gain better technical knowledge of and trust within the POKT Community.

My current question is simply whether I will have the bandwidth or not for this.

  1. How time sensitive are the instances requiring my signature?
  2. Can I batch requests and set aside a specified block of time each day or must I sign instances as they come through in real time?

If the answer to 2 is yes I may batch, then I think I can swing this and I would submit my interest. Thank you in advance for your responses as it can help make sure I am setting us up for success if I am selected.

1 Like

I support Addison, Jinx, and Rosati based on my interactions with them and observations in the community.

I also support the anonymity proposal as long as the Foundation knows who they are and keeps it tight-lipped.

yay all my favorite ppl from TG have stepped forward. i defn vouch for Jinx, Ming, Addison, and Lex. they’ve all shown great knowledge and commitment in the TG channel.

i think the anonymous thing makes sense. yeah, let’s do that. lol.

4 Likes

Hi, All. I would like to thank @JackALaing for this proposal. I have listed out my qualifications and required information below.

ETH Wallet Address:

Apologies for the delay in the response, but this JUST came in the mail today! It is new and has 0 transactions, so should fit the criteria:

0x4F552C569b747aCf5cF0a9DcB628270d05a47185

Signer Request Reasoning:

It’s important to have well known and public-facing signers as a part of this wPOKT multi-sig, as can very clearly be seen by looking at the other signer volunteers in this thread. As the head of a registered organization with three sub service lines that require immense community trust (OTC, Noderunning, and Professional Services) I think that my past experience of serving the POKT community in a business function is coming to a head and now is time to turn to a voluntary function.

I confirm that:

I’m willing and able to be a signer in the wPOKT multi-sig. I understand this is an ongoing role that requires being responsive to signature requests.
I understand that this role does not entitle me to make my own decisions, I am simply executing the will of the DAO.
I understand that being a signer is an unpaid voluntary role.

My qualifications as a Pocket Network community member:

Traditionally coming from the forensic accounting field, detailed transaction review and ethical decision making is inherent to my experiences in the traditional financial sector. Entering the blockchain space as a node running provision leader, trusted OTC provider, and general project advancement proponent, I think that my future, at least for the near-term, will be full of opportunities to help the network and community of POKT (it is a dream come true if it also turns out to be for the long term. In short, as a trusted community member managing millions of dollars, as well simply a person that is here to help make POKT go beyond the stars, this role is one that is most fitting.

Thanks!

Additional links:

1 Like

ETH address:

0xAe2051a1Df202821D8024c49f61439FC26AF00A6

Why I want to be a signer:

I am deeply invested in the long term success of the Pocket ecosystem. I recently sold my web2 game hosting company at the end of 2021 to focus on blockchain related business ventures. I was offered POKT during the private offering in early 2021. Since then, POKT has become my largest holdings. I invest in it to stake, I have given loans using pokt as collateral, I am looking to make my own dapp in the space, and I have got multiple friends and family to be involved as well. To be a member of the wPOKT mult-sig would be one of the highest honors in the community.

I confirm that:

  • I’m willing and able to be a signer in the wPOKT multi-sig. I understand this is an ongoing role that requires being responsive to signature requests.
  • I understand that this role does not entitle me to make my own decisions, I am simply executing the will of the DAO.
  • I understand that being a signer is an unpaid voluntary role.

My qualifications as a Pocket Network community member:

In addition to my fire gifs in Twitter / Telegrams gif tool under ‘Pocket Network’, I received my Bachelors Degree in Finance from USF focused on trading in 2010. Then I co-founded the world’s largest Minecraft server hosting company in 2013 with my childhood friend. We successfully managed its acquisition in Nov 2021 for an undisclosed mid 8-figure sum with an effort to focus on web3. Currently, I am one of the largest private node stakers with ~200 nodes across several providers. I am involved in a private venture fund specializing in the POKT ecosystem and other Blockchain companies. I contribute to community giveaways with the Poktopus and other notable brands in the space. And lastly, I am an active member of Telegram, Twitter, and as many IRL events as I can get to.

Please notice me senpai.

Additional links:

4 Likes

I support Shmattox as a signer. He’s come in strong in the ecosystem, and is eager to help grow the future of Pocket.

3 Likes

ETH address:

0x980090C40EE37a9aec3B8f7d89864f50cf3be5b0

Why I want to be a signer:

I realize Pocket Network is very important infrastructure providers. It’s meaningful to contribute my energy to make this project become better.
Being apart of the multi-sig would be an honor!

I confirm that:

  • I’m willing and able to be a signer in the wPOKT multi-sig. I understand this is an ongoing role that requires being responsive to signature requests.
  • I understand that this role does not entitle me to make my own decisions, I am simply executing the will of the DAO.
  • I understand that being a signer is an unpaid voluntary role.

My qualifications as a Pocket Network community member:

I have three years blockchian exeperience, and I used to be a coordinator in industry inspection field. My ability can provide good service to Pocket Network. Also I have a lot of free time to Mentor other community members.

Additional links:

  • Discord (optional):franklee#6894
  • Telegram (optional):@frankleeeee
  • Twitter (optional):@Yisongxi

Addison has been nothing but helpful, professional and responsive. I support him as Multi-sig signer.

Seth Mattox is almost feverish with his love, knowledge and support of the entire POKT project. He’s a dream team member, I don’t think you could find a better candidate for the position as signer.

The Security by Anonymity Option was approved by 5 votes to 1. Snapshot

This means the Pocket Network Foundation will be selecting 3 signers anonymously and the remaining 4 signers will be selected by a vote of the DAO.

The selection vote will start tomorrow at 7am EST: Snapshot

2 Likes

Sorry I missed this. We expect transactions to be happening no more than 4 times a year as an estimate. The multi-sig will just be minting/burning wPOKT, which will be used in the liquidity-lock bridge; the multi-sig will not be approving every bridge transaction.

I have put you in the list of options to be voted on just in case but if you are selected as one of the top 4 and don’t want to proceed, we can select the next most popular option.

2 Likes