Governance Multisig

We are continuously evaluating best practices for decentralized AVS governance mechanics.

The Governance Multisig account requires the authorization and cryptographic signature of multiple designated parties to perform actions. This security mechanism is commonly denoted as an "x-of-y" multisig, signifying that a minimum of x signatures from a total of y configured signatories are required to execute a transaction.

The ability and responsibility to make decisions regarding contract upgrades, pausing functionality, and adjusting parameters, have been delegated to three main governance multisigs. These multisigs provide a basic yet effective system of transparent governance, ensuring distributed control and accountability.

AVS Governance Multisig

Each AVS holds a Governance Multisig, which can execute routine upgrades and maintenance on all safety-critical actions. The role includes creating new types of tasks, setting slashing rates and conditions, setting tokens issuance, operator whitelisting, deregistering operators, updating AVS metadata, handling funds, and setting additional logic-specific rules to the AVS.

Operations Multisig

The Operations Multisig can execute routine code upgrades and maintenance. It can also pause Othentic functionality in emergency situations.

Community Multisig

The Community Multisig committee comprised of credibly neutral signatories. Under normal circumstances, the Community Multisig acts primarily as an observer, receiving regular updates on the Operations Multisig's transactions. However, in extraordinary circumstances, the Community Multisig has the authority to enact an emergency pause of AVS actions, effectively halting the AVS contracts.

The Community Multisig members include:

• Jonathan King - Coinbase

• Arik Galansky - Fireblocks

• Anna Petrenko - Everstake

• Artemiy Parshakov - P2P.org

• Adam Winnick - Finality Capital

• Eylon Aviv - Collider