PIP23: Governance and ZKP Minting Proposal for Panther Protocol V1 DAO

Panther Improvement Proposals (PIPs)
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PIP23: Governance and ZKP Minting Proposal for Panther Protocol V1 DAO

Summary

This proposal outlines the governance structure for the V1 DAO managed zone, with the DAO Council—comprising Toxic Entity, Praetorian, and Elysium—overseeing operations. The council will manage 1 million minted ZKP tokens for on-chain expenses through the newly created multisig wallet 0xeE3c1dDBCB795ff2fA12330149DEA0369bF03742, ensuring decentralized control and transparency.

Longer Description and Purpose

Following the approval of PIP22, the DAO Council is tasked with implementing governance and managing resources to support the V1 DAO managed zone. This proposal introduces a strategy to mint 1 million ZKP tokens to address on-chain expenses such as gas fees. The council, consisting of Toxic Entity, Praetorian, and Elysium, will operate transparently, utilizing the established multisig wallet 0xeE3c1dDBCB795ff2fA12330149DEA0369bF03742 to manage minted ZKP, aligning with the DAO’s decentralized mission.

Team Description

  • Council Member: Toxic Entity (TG:@ToXiC_eHC), bringing technical and governance expertise as a community moderator, Snapshot Author, and V0.5 tester/deployer to lead fund and token management.

  • Council Member: Praetorian (TG: @zkPraetorian), offering analytical skills and privacy advocacy to support governance and community initiatives.

  • Council Member: Elysium (TG: @Elysium_x), contributing technical and creative insights to inspire innovative solutions and engagement strategies.

Proposed Governance Structure and Actions

The DAO Council, including Toxic Entity, Praetorian, and Elysium, will implement the following:

  1. Multisig Wallet Utilization:

  • The multisignature wallet (0xeE3c1dDBCB795ff2fA12330149DEA0369bF03742) has been successfully created, with Toxic Entity, Praetorian, and Elysium as signers, requiring at least two approvals for transactions to ensure decentralized control.

  • Wallet setup details, including addresses and security protocols, have been documented and shared via the DAO forum.

  1. ZKP Minting for On-Chain Expenses:

  • The DAO will mint 1 million ZKP tokens to cover on-chain costs, including $50-$100/month for gas fees, stored and managed in 0xeE3c1dDBCB795ff2fA12330149DEA0369bF03742.

  • The minting of 1 million ZKP will be executed via Snapshot immediately after this proposal is approved and executed, with Toxic Entity overseeing the process and Praetorian and Elysium approving allocations to ensure funds are used solely for operational needs and reported quarterly.

Next Steps

  • Minting Execution: The minting of the 1 million ZKP will occur via Snapshot post-approval.

Financial Implications

  • ZKP Minting: 1 million ZKP tokens minted for on-chain expenses (e.g., $50-$100/month for gas fees), managed via 0xeE3c1dDBCB795ff2fA12330149DEA0369bF03742.

  • Future budgets will be proposed separately based on operational demands.

Conclusion

This proposal empowers Toxic Entity, Praetorian, and Elysium to manage the minting of 1 million ZKP for on-chain needs, utilizing the established multisig wallet 0xeE3c1dDBCB795ff2fA12330149DEA0369bF03742 for accountability. I encourage the community to support this proposal to strengthen the V1 DAO managed zone’s infrastructure and governance.

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We are waiting for the devs to program the code for this to go into the PIP. See you soon for voting.

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