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# System prepended metadata

title: '[SIGNAL REQUEST] Create a Multi-Sig to manage the $VELO veNFT'
tags: [Summaries]

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tags: Summaries
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# [SIGNAL REQUEST] Create a Multi-Sig to manage the $VELO veNFT

This is a summary of the governance impacts of this Signal Request from GovAlpha’s perspective:

- This is a valid Signal Request.
- This SR gauges community sentiment towards creating a 3/4 Multisig ([MIP47](https://mips.makerdao.com/mips/details/MIP47)) to manage the airdrop received for the newly launched Velodrome protocol on Optimism.
    -  The DAO's veNFT are currently being handled by the Velodrome team.
    -  Multisig was chosen as best option, due to a lack of practical ways for PE to work with veNFT on L2.
- This Signal Request will run until Friday, September 21, as stated above.
- If the outcome is in favour of proceeding, and an appropriate multi-sig on Optimism with named signers is created, an on-chain poll will follow.
- This SR has been assigned `Medium-Impact` based on the methodology listed [here](https://forum.makerdao.com/t/introducing-impact-estimations/14267).

***Disclaimer: These summaries are intended to be a guide and not a source of truth. You remain responsible for any actions you take on the grounds of this information. Please note the date when the summary was last updated to judge accuracy.***

*Updated 2022-09-30*