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59 changes: 59 additions & 0 deletions YIPS/yip-84.md
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---
yip: 84
title: Proposal to rotate multisig signer
author: wavey
discussions-to: https://gov.yearn.fi/t/yip-84-proposal-to-rotate-multisig-signer/14469
status: Proposed
created: 2025-04-13
---

## Simple Summary
If enacted, this proposal replaces multisig signer Monoloco with new signer Ephy and transfers 1 YFI to Ephy as compensation. Additionally, it will update active signer Lumberg's address to reflect a routine personal key rotation.

## Abstract
If enacted, this proposal replaces multisig signer Monoloco with new signer Ephy and transfers 1 YFI to Ephy as compensation. Additionally, it will update active signer Lumberg's address to reflect a routine personal key rotation.

## Motivation
### Background

Yearn's main multisig, [ychad.eth](https://etherscan.io/address/0xFEB4acf3df3cDEA7399794D0869ef76A6EfAff52)[1], is a 6 of 9 multisig which has key powers within the protocol. For more information, including the current list of signers, please refer to [the docs](https://docs.yearn.fi/developers/security/multisig).[2]

As established in [YIP-79](https://gov.yearn.fi/t/yip-79-multisig-compensation-and-rotation/14179)[3], signers who rotate on to the multisig shall receive 1 YFI compensation.

This rotation was initiated at the request of Monoloco, who has stepped back from active involvement in DeFi. We extend our gratitude to him for his contributions and dedicated service.

The proposed incoming signer is **Ephy**, Dewiz.xyz co-founder, a well-regarded contributor in the [Maker / Sky](https://forum.sky.money/u/0x3phemeralsoul/summary)[4] ecosystem and a former MakerDAO Core Unit contributor. You can find more about Ephy on [X](https://x.com/0x3phemeralsoul)[5] and [GitHub](https://github.com/0x3phemeralsoul).[6]

## Specification
### Overview
If enacted, this proposal replaces multisig signer Monoloco with new signer Ephy and transfers 1 YFI to Ephy as compensation. Additionally, it will update active signer Lumberg's address to reflect a routine personal key rotation.

### Rationale
The rationale follows YIP‑79’s compensation and rotation policy: replace an outgoing signer at their request, add a vetted incoming signer, and update an existing signer’s key while maintaining multisig integrity.

### Technical Specification
1. Replace the following signer:
- outgoing: `0x1496546f89fc1605880e556c9a1d6c5e2409fb0a` (Monoloco)
- incoming: `0x5Db9926c93085a92F14A85daBF6FF27b07362Cae` (Ephy)
2. Transfer 1 YFI from ychad.eth to Ephy's signer address.
3. Rotate Lumberg's key:
- outgoing: `0x7321ED86B0Eb914b789D6A4CcBDd3bB10f367153` (Lumberg old)
- incoming: `0xeA6c0837fef621E77329f85820F503cA09f2B3a9` (Lumberg new)

### Test Cases
Not applicable.

### Configurable Values
- Compensation: 1 YFI to the incoming signer.
- Signer rotation addresses: as specified in Technical Specification.
- Key rotation: Lumberg old/new addresses as specified.

## References
1. https://etherscan.io/address/0xFEB4acf3df3cDEA7399794D0869ef76A6EfAff52
2. https://docs.yearn.fi/developers/security/multisig
3. https://gov.yearn.fi/t/yip-79-multisig-compensation-and-rotation/14179
4. https://forum.sky.money/u/0x3phemeralsoul/summary
5. https://x.com/0x3phemeralsoul
6. https://github.com/0x3phemeralsoul
## Copyright
Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).