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# System prepended metadata

title: 'SIP-00041: Update The Multisig'

---

# SIP-00041: Update The Multisig

Authors: Goldy

## Purpose

To improve the security of the multisig, and increase availability of signers to execute more effectively.

## Summary

In the last update we swapped Xaix/xaix.eth with Christian/cdt.eth. Lamorak dropped out due to not enough time to commit. We need more new trusted members of Sharkdao to replace two legacy signers who are not available to contribute, which is putting a lot of pressure on our more active signers to get things done, and making it hard to execute tasks in a timely manner. Additionally, now that time sensitive tasks like bidding and voting can be delegated, we can improve securirty by making adding more signers in total. This proposal would take us from a 3/6 to a 5/8.


## Details
**Proposed multisig signers:** 
@Goldy.mov  0x021edd67d43B365a6401a5Ee704Aa6f264F3F4e4
 @jango  0x823b92d6a4b2AED4b15675c7917c9f922ea8ADAD
 @dropnerd  0x40b6df5f6217fb1a1beaf8fdbb9572304aa78c4d
@cdt.eth  0xD19BF5F0B785c6f1F6228C72A8A31C9f383a49c4
 @Sasquatch 
@nico 
@Synth 
@Jawshua Fisher


**New signers:**
Nico, Sasquatch, Synth, Joshua


**Removed signers:**
Lithium, DeFi Jesus


**Rationale:**
New signers are involved heavily and consistently with SharkDAO, leading the organisation, and have some reputation risk.

**Notes:**
Thank you Lithium and DeFi Jesus. Lithium and DeFi Jesus are both founding members of SharkDAO and original multis signers, but both have had other commitments making them unable to be available to sign transactions and coordinate multisig operations.  

## Pros & Cons
**Pros:**
– Added security
– Less pressure on current 4 active signers
– More efficiency

**Cons:**
– Centralization risk: As we add more signers who are active members of Sharkdao that comes with the side effect that they are all people who work together more and more closely.
– This continues our off-chain strategy of governance, when in the long term there is at least some sense that we want to go on-chain ideally