STP-12: Designated multisig for fiat expenses
| Author | |
|---|---|
| Status | Draft |
| Implementor | TBD |
| Release | TBD |
| Created | 2024-01-16 |
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 100,000 USDC to a 2/3 multisig with the signers being the CCC multisig, the TC multisig, and a payment processing entity.
Motivation
Some operational costs require fiat payment.
Specification
Overview
Rationale
A 2/3 multisig enables a payment processor entity, and the CCC or TC to execute transactions to pay for fiat expenses.
Financial Specification
Once the CCC and TC multisigs are added to a dedicated 2/3 multisig, transfer 100,000 USDC.
Copyright
Copyright and related rights waived via CC0.