Over the last moth we have observed a growth of popularity of the xDai chain which is increasing the volume of DAI tokens in the xDai bridge. With this increase we believe the management of the xDai bridge should be delegated to the wider set of participants rather than 4 projects (POA Network, Giveth, Protofire, MakerDAO) with the consequent change of the signatures threshold.
Migrate from the Gnosis multisig wallet contract to the Gnosis Safe in both Ethereum Mainnet and xDai chain. This action will simplify the management of the xDai bridge since allows offchain operations.
Extend number of delegators in the Gnosis Safe to have 9 participants.
Change the signatures threshold to 5 - 5 of 9 Gnosis Safe participants should provide their agreement with the management operations proposed in the future.
The current set of the management operations includes the following:
- upgrade of the bridge contracts
- extending of the bridge validators set
- updates of the bridge parameters like number of block confirmations, the transactions limits, the bridge fees etc.