Extension of Score Management Committee and Additional Funding

Overview

The Score Management Committee was established as part of the original Great Celo Halvening Parameters proposal to manage score tracing of validators community RPCs. The initial formation and funding details were completed prior to the hard fork. The work has already commenced with the extended committee, and this proposal aims to formalize these changes and ensure adequate funding for all members.

This proposal seeks to formalize the expansion of the Score Management Committee by adding two new members (@swiftstaking, @kamikazechaser) and securing additional funding for their compensation. The committee began operating in its extended form following the hard fork, and this proposal is designed to retroactively align governance and funding with the committee’s current structure and operations.

Proposal Description

The Score Management Committee has been operating in an expanded capacity since the hard fork, with two additional members contributing to its responsibilities. This proposal seeks to:

• Retroactively formalize the inclusion of these two new members in the committee
• Update records to reflect the current composition
• Allocate additional funding to compensate the new members fairly for their contributions

This proposal will allocate additional funds to the existing multisig wallet to retroactively compensate the new committee members, maintaining parity with current member compensation.

Proposed Changes

1. Transaction 1: Funding The Score Management Committee for New Committee Members

• Description: Transfer additional funds (24K cUSD) to the existing Score Management Committee multisig wallet to fund for retroactive compensation of new committee members
• Destination: 0x765DE816845861e75A25fCA122bb6898B8B1282a (cUSD contract)
• Data: approve(address spender = 0x68ce71d4CECA3003701ca6844D9a345925407455, uint256 value = 24000000000000000000000 (24K cUSD))
• Value: 0

2. Transaction 2: Update Safe Multisig Wallet (Action for current The Score Management Committee)

• Description: Extend the safe multisig wallet to include new committee members’ addresses.
• Destination: Existing multisig wallet for Score Management Committee 0x68ce71d4CECA3003701ca6844D9a345925407455.
• Data: Add the following addresses to the multisig wallet: @swiftstaking: 0x8e52a8822dFBb2eA6cEdb84032A8acce7Fc05838 @kamikazechaser: 0x0330F6bE6aCE2D975b4aC7Be109C46015C508BB1. To be executed by existing signers of the multisig.
• Value: 0 CELO (no direct value transfer for this action).

Rationale

The initial formation of the committee occurred prior to the hard fork, resulting in a structure that did not account for expanded post-fork responsibilities. The extended committee began working immediately after the hard fork, ensuring continuity in ecosystem management. This proposal ensures governance alignment with operational realities while compensating all contributors fairly.

Verification

Voters can verify this proposal by:

1. Reviewing the original Great Celo Halvening Parameters proposal where the Score Management Committee was established: Set The Great Celo Halvening Parameters
2. Confirming that work has already commenced with an extended committee structure
3. Verifying that proposed compensation aligns with existing member rates

Risks

1. Governance Misalignment: Retroactive formalization addresses any discrepancies between governance records and current operations.
2. Budget Impact: Additional funding is proportional to established compensation rates and ensures fiscal responsibility.

Useful Links

1. Original Great Celo Halvening Parameters proposal: Set The Great Celo Halvening Parameters
2. Set The Great Celo Halvening Parameters CGP-169
3. Multisig wallet details: 0x68ce71d4CECA3003701ca6844D9a345925407455