Polygon Draft Proposal to Consolidate Security Committee and Adjust Contract Upgrade Permissions

TechFlow, November 5 — According to The Defiant, a draft Polygon governance proposal, PIP-93, aims to consolidate the existing security committee and multisig architecture, and allow Polygon Labs to propose bridge and staking contract upgrades through a standalone multisig, with transactions subject to a 7-day delay.

According to the draft, the new security committee will consist of 11 signers from 10 organizations, with an 8-of-11 signing threshold, and may cancel queued transactions, propose changes on its own, and execute them immediately. The Polygon Labs operational multisig will use a 5-of-9 signing threshold and cannot bypass the upgrade delay.

The proposal remains in draft stage, with more details expected to be presented at the protocol governance meeting on November 5.

Source: TechFlow