GIP-80 Update Governance Council

Proposals
1

Summary

This proposal recommends updating the composition of the Goldfinch Governance Council by replacing three existing members with new community-aligned representatives. Specifically, it removes two borrower-affiliated seats (Alma and Cauris) and one outdated Community Manager multisig seat, replacing them with three active Goldfinch community contributors.

Motivation

The Governance Council plays a key role in overseeing and validating important protocol operations, including multisig approvals, emergency actions, and other decentralized governance processes. To maintain the integrity and neutrality of this function, Council members must be aligned with the protocol’s long-term success and independent of any current conflicts of interest.

Two current Council members, Gautam Ivatury from Alma and Alexandre Liege from Cauris, are borrower participants who are presently engaged in restructuring and forbearance discussions with the Foundation’s Chief Restructuring Officer. While their prior involvement brought valuable perspective, continued Council participation could create perceived or actual conflicts of interest. Additionally, the existing “Community Manager” seat is currently controlled by a multisig that includes inactive or outdated signers.

To strengthen the alignment and responsiveness of the Council, this proposal seeks to replace these three seats with individuals who are actively engaged in the Goldfinch community today, including Discord moderators and community operations contributors.

This change will ensure that the Governance Council is composed of trusted, independent participants who are actively involved in supporting the ecosystem and can respond quickly to governance matters.

Specification and Requirements

  • Remove the following Governance Council members:
    • Gautam Ivatury
    • Alexandre Liege
    • Community management multisig that was added via GIP-60
  • Add the following Governance Council members, who are currently community moderators:

Benefits

  • Improved alignment of the governance council
  • Increased responsiveness for completing governance transactions
  • Community empowerment by elevating community members
  • Cleaner governance structure by removing the outdated community multisig

Downside

  • Potential loss of borrower perspective from the council

Voting

  • “Yes” - Update the Governance Council with the three new members
  • “No” - No change to Governance Council
3 Likes
2

I support that, especially considering that some of the people currently on the council haven’t exactly shown their best side

3

Yes!
Refreshing the Governance Council with active, community - aligned members is a meaningful step toward stronger decentralization and greater accountability. Empowering those who are actively engaged in the ecosystem will only make Goldfinch governance more resilient and responsive.

4

Gm. Council shakeups like this are healthy. Props to the team for recognizing the need to evolve and adapt. Lock it in and let em cook :saluting_face:

5

I will be voting “Yes” on this proposal, as the council in its updated form will consist of members who are genuinely active in the community and meaningfully contribute to the growth of the protocol

6

I believe the proposed candidates are well-positioned to strengthen the Goldfinch Governance Council, and therefore I’ll vote in support of this GIP