Activity Log
Date: 24/07/2026
- [11:19 CET] - @jensei created the first Safe transaction to set all Arks deposit caps to
0across the USDC and WETH DAO Risk Managed Vaults (DRMV). - [11:19 CET] - @jensei posted into the Telegram and Signal DM Groups.
- [11:34 CET] - @jensei created a second set of Safe transactions to change the signer threshold from
6/8to4/8across all seven deployments. - [11:34 CET] - @jensei posted into the Telegram and Signal DM Groups.
- [15:19 CET] - First Safe transaction was executed on Ethereum.
Threshold change transactions, by network:
| Network | Safe | Executed | link |
|---|---|---|---|
| Ethereum | link | [15:19 CET] | tx |
| Optimism | link | [15:23 CET] | tx |
| Unichain | link | [15:24 CET] | tx |
| Sonic | link | [15:27 CET] | tx |
| HyperEVM | link | [15:12 CET] | tx |
| Base | link | [15:10 CET] | tx |
| Arbitrum | link | [15:10 CET] | tx |
Background
Two separate, non-time-critical actions were proposed to the Guardian set on this date.
1. Ark deposit caps set to 0 on the USDC and WETH DAO Risk Managed Vaults.
This transaction set the deposit cap of every Ark within the USDC and WETH DAO Risk Managed Vaults (both Higher Risk) to 0. With all Ark caps at 0, the keeper system withdraws funds out of the underlying markets and holds them in the vault Buffer. The purpose of this action is to ensure that the full balance of both vaults is available as instant liquidity, so that any user wishing to redeem is able to do so immediately rather than waiting on market-level withdrawal capacity.
This action does not restrict withdrawals or redemptions in any way, and no funds are considered at risk as a result of it.
2. Signer threshold reduced from 6/8 to 4/8.
The Guardian multisig has to date required six of eight signatures to execute. During the discussion of [SIP0.3] Renew Guardian Module Mandate & Re-confirm Guardian Set, several signers proposed lowering this to 4/8, and these transactions implement that change.
The rationale raised in that discussion is that due to the limited abilities / powers of the guardian it is of high importance to act quicker in emergencies.
The Guardian mandate remains limited to the emergency risk controls defined in [SIP0.2] Establish Guardian Module & Emergency Risk Controls and [SIP0.3] Renew Guardian Module Mandate & Re-confirm Guardian Set. This change affects only the number of signatures required to execute within that existing mandate; it does not expand the scope of what the Guardians are permitted to do.*
The change was applied identically across all seven deployments (Ethereum, Optimism, Unichain, Sonic, HyperEVM, Base and Arbitrum) so that the multisig configuration remains consistent chain-to-chain.