Threshold Committee expectations & requirements (see TIP-103)

General
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The new Threshold Committee proposed in TIP-103 will have significantly more responsibility than any other in Threshold’s history. We need to ensure that the committee is a group of commitment-proven, values-aligned individuals willing and able to work 7 hrs per week to attend to:

  • Weekly call, including preparation and research
  • Review, verify and sign transactions according to prescribed security requirements
  • Adhoc discussions, decisions, polls

Committee members also need to fulfill these responsibilities:

  • Ownership of Threshold smart contracts (currently Council)
  • Veto power for malicious proposals passing Governor Bravo vote (currently Council)
  • Asset ownership on Multisigs and via Vaults (e.g., Aera; currently 3 committees)
  • Each compensated member will have an assigned role, to be defined in the coming weeks, including 1) chair, 2) secretary, 3) liaison with Threshold Foundation, 4) liaison with counsel & regulatory
  • Oversight of contractor roles (with power to renew, remove, replace)
    • POL & Treasury Operations
    • Tech Support
    • Project Manager (manage bug bounty program & governance process)
    • DAO Communications, Engagement & Education
    • Incentives/reporting
  • Interact with tLabs and and facilitate information token holders need to vote on annual plan
  • Keep the lights on (e.g. beta stakers have to get paid or tBTC system stops working)

Other than occasional absences with prior notice (such as illness, travel or other unavoidable conflicts - member nevertheless being responsible for keeping up with meeting takeaways and async discussions), Committee members are expected to attend to all matters promptly.

To ensure adherence to these commitments, the Project Manager will take attendance at weekly Committee meetings and monitor participation in multisig signing, committee polls and other duties. If a member exceeds normal absences or is otherwise not carrying their weight on the Committee, another member or the Project Manager is obligated to call a vote of the other remembers on whether to remove.

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