Telcoin

Safe Wallets

Function

  • Serve as the on-chain representation of councils and constituencies. Each council and constituency has its own Gnosis Safe on which the TAO executes transactions that are approved by Snapshot vote.
  • Compliance Council and TAO will have Safes on Polygon Mainnet. These safes will be deployed and are responsible for modifying Snapshot configurations once Governance matures and Snapshot is configured via ENS instead of EOAs.
  • Operational multi-signature Safes for holding and allocating TEL (eg Legal Issuance, TAN Incentives Stock).

These Safes are the on-chain representation of Miner Councils and Miner Groups. Each council and constituency has its own Gnosis Safe that executes transactions that are approved by Snapshot vote.

Specification

  • These safes will be managed by the TAO on behalf of the respective councils.

Rationale: Safe Wallets are highly configurable and engineered for safety. Their modularity and configurability also allows governance to be flexible and decentralize over time.

Prev  •  Governance Infrastructure OverviewNext  •  Governance NFTs