Announcing the Formation of the Acre Security Council (ASC)
Overview
The Acre DAO is preparing to launch soon. In anticipation, members of the community are forming the Acre Security Council (ASC). This council will function as a 6-of-9 Safe multisig, with signers drawn from the Acre ecosystem.
Purpose and Responsibilities
The ASC’s mandate is to manage risks, oversee protocol upgrades, and act in emergencies. The main areas of focus include:
- Voting on preliminary DAO formation proposals
- Making decisions regarding the core Acre smart contracts
- Signing contract upgrades provided to the DAO by the development team
- Interacting with the Acre Foundation, as needed
Time Commitment and Terms
Each founding ASC member are exepected to contribute approximately 1–2 hours per week, primarily to review and sign multisig transactions and to vote on proposals. The initial terms for founding members are set at 4, 8, or 12 months. After these terms conclude, an election will determine the next ASC cohort, which will serve in staggered annual terms. Monthly remuneration for ASC members, likely in tokens, will be decided by a vote of the Security Council at a later stage.
Instructions for Founding ASC Members
All signers are encouraged to create a fresh Ethereum account using a hardware wallet for additional security. After creating this new address, members are asked to comment with the new address on this forum thread below, ensuring clarity for the multisig setup.
Further Involvement
Participation in this process is open to anyone interested in Acre DAO’s governance and security. Ongoing updates and discussions will be available on this forum.