STP-12: Designated multisig for fiat expenses

Author
StatusRejected
ImplementorTBD
ReleaseTBD
Created2024-01-16

Simple Summary

This STP allocates 100,000 USDC of budgeted 2024 funding to a dedicated multisig, that will be used to pay operational costs in fiat.

Abstract

Allocate a grant of up to 100,000 USDC per year to payment processor Skyline Digital AG, for operational costs. Use a 2/2 multisig with the signers being the CCC multisig, a Synthetix Operations Manager, and Skyline Digital AG.

Motivation

Some operational costs require fiat payment.

Specification

Overview

Rationale

A 2/2 multisig enables a payment processor entity and Synthetix signer to execute transactions to pay for fiat expenses.

Financial Specification

Once the Skyline AG and Synthetix signer are added to a dedicated 2/2 multisig at 0xbE6C8EE3cAd2E6DB7A423EA41dF8B0DA166F644F, transfer grant funds as needed.

Copyright and related rights waived via CC0.