Clear DefinitionsMultisig Governance
1 min read
Pronunciation
[mul-tee-sig guhv-er-nuhns]
Analogy
Like requiring two keys turned simultaneously to open a bank vault.
Definition
A governance model where protocol or treasury actions require approval from multiple signers, distributing control and reducing single‑point‑of‑failure risk.
Key Points Intro
Multisig governance enforces collective decision‑making via threshold signatures.
Key Points
Threshold: m-of-n signatures needed for execution.
Roles: Signers typically represent diverse stakeholders.
Transparency: All proposals and votes recorded on‑chain.
Upgradeability: Multisig can approve contract upgrades.
Example
A DAO treasury uses a 5-of-7 Gnosis Safe multisig; any transaction requires 5 signers to confirm.
Technical Deep Dive
Gnosis Safe contract stores owners[] and threshold. `execTransaction()` checks collected ECDSA signatures against owners and threshold before calling target.
Security Warning
Compromise of threshold number of keys can misappropriate funds; enforce hardware wallet use and key rotation.
Caveat
High threshold improves security but slows decision-making.
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