ComposableFi/composable-ibc

Set up multisig to collect briding fees

josietyleung opened this issue · 0 comments

Why
Existing fees are collected in the pallet account which can only be controlled by sudo. In order to better manage the funds, we have setup a new multisig to collect the 0.4% and flat fee for Centauri.

When
Together when we roll out flat fee

How

  • Governance proposal to switch from pallet account to multisig + transfer any existing funds to multisig
  • Update the address in the contract to the new multisig address
  • Transfer existing funds to multisig