TLD Whitepaper
  • Part I: What is The LifeDAO?
    • Introduction
    • Mission
    • Background
      • Islamic finance and insurance
      • Why is conventional insurance not shariah-compliant?
      • Takaful, an Islamic alternative to conventional insurance
        • Takaful vs. Conventional Insurance
        • Takaful in light of the Shariah
    • The LifeDAO: Inspired by Takaful, native to the blockchain
      • Two Funds, Two Entities
      • Risk, Solvency and the Benefit Multiplier
      • Shariah compliance of TLD
    • The Takadao Protocol
      • Takadao’s Technology Stack
      • Takadao Reprotection Pool
  • PART II: The LifeDAO Membership
    • Member Journey
    • The LifeDAO Membership
      • Membership Benefits
      • Membership Privileges
      • Benefit 1: Benefit Payout
      • Benefit 2: Surplus Distribution
      • Benefit 3: Governance Rights
      • Privilege 1: Verifier Incentive Program (VIP)
      • Privilege 2: Contributor Committee
      • Privilege 3: TAKA Token Airdrops
      • Allocation of Membership Contributions
      • Benefits Payout Management
      • Governance and the Contributor Committee
      • Contributor Functions
        • Screen Proposals
        • Endorse and Advocate for Proposals
        • Implement Proposals through Multisig
      • The LifeDAO Investment Pools
        • Investment Conditions
        • Deposit and Withdrawal Mechanisms
        • Governance
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  1. PART II: The LifeDAO Membership
  2. The LifeDAO Membership
  3. Contributor Functions

Implement Proposals through Multisig

Since all day to day operations of TLD are run by smart contracts, implementation of a proposal will be through an update of the smart contract. Such an update will either require a new smart contract to be deployed or may involve changing parameters in the smart contract controlled by functions. Takadao, the protocol developer, will make the smart control code changes, but they will not go live on the blockchain until they are approved by the TLD multisig wallet. Each Contributor controls one signature on the multisig wallet and 6 out of the 9 Contributors must sign off for multisig approval.

These processes are specified in the TLD bylaws.

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Last updated 8 months ago