Sushiswap Treasury Multisig Analysis
Introducing Toshokan, a community-first blog for Sushi

Introducing Toshokan, a community-first blog for Sushi

Today we're excited to introduce Toshokan (図書館 Japanese word for library), our new blog that will help keep our community informed about the latest happenings at Sushi.

9 min read

Sushiswap Treasury Multisig Analysis

With the help of several datasets, we will explore the relationships between Sushiswap's Treasury multisig owners and their activeness.
Sushiswap Treasury Multisig Analysis

In September 2020, Sushiswap's Treasury Multisig was set. This was a very dramatic time for Sushiswap. The process was started by Chef Nomi, but finished by SBF.

Every person had the right to nominate themselves or someone else. Forty-nine candidates were put through the process of being nominated and voted on by the community. The submissions were made on the Sushiswap Discord server and on Twitter. The top nine with the highest number of votes were elected as Multisig members.

Screenshot 2022-06-09 at 23.54.38.png

Seven non-anonymous nominees:

  1. @SBF_Alameda - Sam Bankman-Fried, CEO of FTX
  2. @rleshner - Robert Leshner, founder of Compound Finance
  3. @lawmaster - Larry Cermak, VP at The Block (and the person who started it all: 23.08.2020)
  4. @cmsholdings - most likely Daniel Matuszewski, co-founder of CMS Holdings
  5. @mattysino - Matthew Graham, CEO of Sino Global Capital
  6. @mickhagen - Mick Hagen, CEO/founder of Hightop HQ
  7. @AdamScochran - Adam Cochran, partner at Cinneamhain Ventures

Two anons:

  1. @0xMaki
  2. @Zippoxer
    Both of them contributing to Sushiswap since day 1

Adam Cochran resigned shortly after the elections and was replaced by Jiggglypufff and the format was changed to 5 of 9.

Replace Me As a Multisig
Summary: In my jurisdiction there is some legal ambiguity around how much a multisig holder can be involved within a project. This has caused me to need to step back from being active within the Sushi governance and proposal process. As well as add in strict self-governance guidelines: https://twi…


SBF's address was also removed from the Multisig at some point (https://etherscan.io/tx/0xbb0ea4245a465232495a25aea1bdec8e572d194118da07ac983647c082ddac06#eventlog), making the current format to a 5/8.

Here are the current active Sushiswap Treasury Multisig Addresses

Active Treasury Multisig Addresses Owner
0x285b7EEa81a5B66B62e7276a24c1e0F83F7409c1 0xMaki
0x597ec75f3b26E2F8141940aeF5439665959b8Efd mattysino
0x73A5A5Ad6280E6DEE92258a95161463511CE3Ac9 Jiggglypufff
0x88FB3D509fC49B515BFEb04e23f53ba339563981 rleshner
0x967Bfd443b062690c32879bbE9A211A780572c93 lawmaster
0xC02ad7b9a9121fc849196E844DC869D2250DF3A6 cmsholdings
0xD190Dfb2e6dA866081c31dC1B4c3cCabA80D913B mickhagen
0xeDb7367FD9D58fc59F9d28edD74c056CE84222d3 Zippoxer
Resigned Addresses
0xD57581D9e42E9032e6f60422fA619b4A4574Ba79 SBF
0xE80B5097862cAB9d83846875752d7201fF42C7E9 Adam Cochran

Members activity

Owner Number of confirmations Number of executions Nonce/Date of last sign/execution
0xMaki 44 19 Nonce 43, Date 3/31/2022 - sign
mattysino 13 4 Nonce 39, Date 12/29/2021 - execute
Jiggglypufff 33 10 Nonce 43, Date 3/31/2022 - sign
rleshner 25 0 Nonce 42, Date 2/11/2022 - sign
lawmaster 16 1 Nonce 43, Date 4/23/2022 - sign
cmsholdings 36 1 Nonce 43, Date 3/31/2022 - sign
Mick Hagen 25 6 Nonce 43, Date 4/23/2022 - execute
Zippoxer 33 1 Nonce 43, Date 3/31/2022 - sign
SBF 1 1 Nonce 11,Date 4/6/2021 -sign/execute
Adam Cochran - - -

All transactions executed by Sushiswap Treasury MultiSig address

Nonce Transaction Hash Date of execution Date of submission Date of modification Executor Confirmations required Confirmation 1 Date of submission Confirmation 2 Date of submission Confirmation 3 Date of submission Confirmation 4 Date of submission Confirmation 5 Date of submission Confirmation 6 Date of submission
0 0x12370e04146744e6e85c781efc634517b049433f70b99ce9db13f964ff0ce509 10/5/2020 10/2/2020 10/2/2020 0xMaki 6 0xMaki 10/2/2020 Zippoxer 10/2/2020 mickhagen 10/2/2020 cmsholdings 10/2/2020 lawmaster 10/4/2020 mattysino 10/4/2020
1 0xa9b189a65d704f51a5d72769fd464ebb498f7a0ff72400587cdd1e7c15e604cb 10/5/2020 10/2/2020 10/2/2020 0xMaki 6 0xMaki 10/2/2020 Zippoxer 10/2/2020 mickhagen 10/2/2020 cmsholdings 10/2/2020 lawmaster 10/4/2020 mattysino 10/4/2020
2 0xb6073ba08258ed1720c737673c0df103006d57697bb9e5ba7939dd04a7b7fe9a 12/10/2020 12/8/2020 12/8/2020 lawmaster 6 0xMaki 12/8/2020 Zippoxer 12/8/2020 rleshner 12/8/2020 mickhagen 12/8/2020 mattysino 12/10/2020 lawmaster 12/10/2020
3 0xf96957137b96cde6bcdc3c63ace7bf4bbe3bd5487527c1e04440595ae2e8e739 1/22/2021 12/27/2020 1/22/2021 mattysino 6 0xMaki 12/27/2020 cmsholdings 1/20/2021 mickhagen 1/20/2021 Zippoxer 1/21/2021 lawmaster 1/22/2021 mattysino 1/22/2021
4 0xae1f7bd5ceb26015e878534e8bdb4f82b2fdedfdd6f121f266cd273b65f4d9f3 1/24/2021 12/27/2020 1/24/2021 0xMaki 4 0xMaki 12/27/2020 cmsholdings 1/20/2021 mickhagen 1/20/2021 Zippoxer 1/21/2021 lawmaster 1/22/2021 mattysino 1/22/2021
5 0x9e76e758972e7060b7fde54288c60fdfcdb6ff8761316b494f49996a744b6a41 1/24/2021 12/27/2020 1/24/2021 0xMaki 5 0xMaki 12/27/2020 cmsholdings 1/20/2021 mickhagen 1/20/2021 Zippoxer 1/21/2021 lawmaster 1/22/2021 mattysino 1/22/2021
6 0x0879482f8250ccfd58fbd63104a1c2d75d14bf25e9fc301427262f543d323518 1/24/2021 1/22/2021 1/24/2021 Jiggglypufff 5 0xMaki 1/22/2021 lawmaster 1/22/2021 mattysino 1/22/2021 Zippoxer 1/22/2021 Jiggglypufff 1/24/2021
7 0x6707ee2398269ad9872efb1bb22114d0ab520a40eb96d4aa2cac6f4018c5f6ab 2/18/2021 2/9/2021 2/18/2021 0xMaki 5 0xMaki 2/9/2021 mickhagen 2/9/2021 cmsholdings 2/10/2021 Jiggglypufff 2/15/2021 lawmaster 2/17/2021
8 0x2f05bf2a86b333f07cd8471e4b913a8e272ef2f0806155228650b683031ea1ae 3/2/2021 3/1/2021 3/2/2021 Jiggglypufff 5 0xMaki 3/1/2021 rleshner 3/1/2021 cmsholdings 3/1/2021 lawmaster 3/2/2021 Jiggglypufff 3/2/2021
9 0x162c8e754f111ccdbee7b2f0e4df65aa6ea2cc7a56b3304b52a735cb94723662 4/5/2021 4/5/2021 4/5/2021 0xMaki 5 0xMaki 4/5/2021 mickhagen 4/5/2021 rleshner 4/5/2021 Zippoxer 4/5/2021 lawmaster 4/5/2021
10 0xce0369afb002aae953818afc53e4cf0f5bc80713743567468a2c4ee0a01eb717 4/5/2021 4/5/2021 4/5/2021 0xMaki 5 0xMaki 4/5/2021 mickhagen 4/5/2021 rleshner 4/5/2021 Zippoxer 4/5/2021 lawmaster 4/5/2021
11 0xf194fa3a3f37561dfba79d434ba3c533736c88b3f64319c8e2ef8b96a079a63b 4/6/2021 4/6/2021 4/6/2021 SBF 5 0xMaki 4/6/2021 rleshner 4/6/2021 cmsholdings 4/6/2021 Jiggglypufff 4/6/2021 SBF 4/6/2021
12 0xe7ee4693527768599e66ab387524c9e9471f0abe131af501295c4f5857fb6f0d 4/16/2021 4/15/2021 4/16/2021 Zippoxer 5 0xMaki 4/15/2021 rleshner 4/15/2021 cmsholdings 4/15/2021 mickhagen 4/16/2021 Zippoxer 4/16/2021
13 0x653647608990e4c35c350d38b7dbb7753234cb283973046bdf52a891677416bc 4/24/2021 4/22/2021 4/24/2021 0xMaki 5 0xMaki 4/22/2021 mickhagen 4/23/2021 rleshner 4/23/2021 cmsholdings 4/23/2021 Zippoxer 4/24/2021
14 0xdcfb4c1c622c6e9e7d50a2b474cc7e9673232be40fff2a92f1524d7974fb628e 5/2/2021 4/30/2021 5/2/2021 0xMaki 5 0xMaki 4/30/2021 lawmaster 4/30/2021 Jiggglypufff 4/30/2021 mattysino 4/30/2021 Zippoxer 5/2/2021
15 0xf14fd6aeda02a5749b8971ec943acecfc3a4c87f3ee49b635f4143e57c4f4d07 5/2/2021 4/30/2021 5/2/2021 0xMaki 5 0xMaki 4/30/2021 lawmaster 4/30/2021 Jiggglypufff 4/30/2021 mattysino 4/30/2021 Zippoxer 5/2/2021
16 0xd242eeb73b4bade5c00c9e27c2beb3319e896a3e300366a2425fa9f6372d2455 5/31/2021 5/18/2021 5/31/2021 Jiggglypufff 5 0xMaki 5/18/2021 rleshner 5/21/2021 mickhagen 5/31/2021 cmsholdings 5/31/2021 Jiggglypufff 5/31/2021
17 0x0ecec16716579876b21319b71641b7b933da7f9d89eb198f2e9f27d3f5ff8549 5/31/2021 5/31/2021 5/31/2021 Jiggglypufff 5 0xMaki 5/31/2021 rleshner 5/31/2021 mickhagen 5/31/2021 cmsholdings 5/31/2021 Jiggglypufff 5/31/2021
18 0x158b4172ebb970ac6945b51978acfd476b0a8cef8c3c7ff360e481bb633d66ce 5/31/2021 5/31/2021 5/31/2021 Jiggglypufff 5 0xMaki 5/31/2021 rleshner 5/31/2021 mickhagen 5/31/2021 cmsholdings 5/31/2021 Jiggglypufff 5/31/2021
19 0xa6e4de073add9325b226415233b36111e23e40f2083373838e17bdb51dde61ea 6/14/2021 6/11/2021 6/14/2021 mattysino 5 0xMaki 6/11/2021 cmsholdings 6/11/2021 lawmaster 6/12/2021 Jiggglypufff 6/12/2021 mattysino 6/14/2021
20 0x096d8a5c2d261c699cae7b1f56c455fa411c59fd911f6753f65766a9ae96d47a 7/9/2021 7/8/2021 7/9/2021 Jiggglypufff 5 0xMaki 7/8/2021 cmsholdings 7/8/2021 Zippoxer 7/8/2021 mickhagen 7/9/2021 Jiggglypufff 7/9/2021
21 0xd708563b6861684b430f06163ad536974fb4b0c76c35b328b6ddf1214a7c7cd3 7/10/2021 7/8/2021 7/10/2021 0xMaki 5 0xMaki 7/8/2021 cmsholdings 7/8/2021 Zippoxer 7/8/2021 mickhagen 7/9/2021 Jiggglypufff 7/9/2021
22 0xc63880acf6f504c4d92625f919a638129f357d5f154dd947c691e5ec452cec7c 7/21/2021 7/21/2021 7/21/2021 mickhagen 5 0xMaki 7/21/2021 cmsholdings 7/21/2021 Jiggglypufff 7/21/2021 rleshner 7/21/2021 mickhagen 7/21/2021
23 0xbb0ea4245a465232495a25aea1bdec8e572d194118da07ac983647c082ddac06 8/2/2021 7/30/2021 8/2/2021 mickhagen 5 0xMaki 7/30/2021 cmsholdings 7/30/2021 Zippoxer 7/30/2021 Jiggglypufff 7/31/2021 rleshner 7/31/2021
24 0x6ec283841765502a56803de17f34fe8639ede7990befe70ce8135c601ffa7217 8/2/2021 7/30/2021 8/2/2021 mickhagen 5 0xMaki 7/30/2021 cmsholdings 7/30/2021 Jiggglypufff 7/31/2021 rleshner 7/31/2021 mickhagen 8/2/2021
25 0xf6d66aa36f84a54cb8f656a8fe55fa02d3f8cfcb5e57ff4bef5623a00b02e37e 8/5/2021 8/3/2021 8/5/2021 0xMaki 5 0xMaki 8/3/2021 Jiggglypufff 8/4/2021 mickhagen 8/4/2021 Zippoxer 8/4/2021 rleshner 8/4/2021
26 0xb2b05a3f058ac1c5a741d8e30a516514156df111985692f416463727f492279b 8/5/2021 8/5/2021 8/5/2021 Jiggglypufff 5 0xMaki 8/5/2021 cmsholdings 8/5/2021 rleshner 8/5/2021 Zippoxer 8/5/2021 Jiggglypufff 8/5/2021
27 0x6d8e59e0fb4a32350e75d59ac1d5b0e12263301aa85c9ef9fe9ada33acdb0c18 8/5/2021 8/5/2021 8/5/2021 0xMaki 5 0xMaki 8/5/2021 Jiggglypufff 8/5/2021 Zippoxer 8/5/2021 cmsholdings 8/5/2021 rleshner 8/5/2021
28 0xa3d8f05f7bd04e3694c9c9d8d5c5d91da39b647033d26c6eb05b03fc4940d38d 8/5/2021 8/5/2021 8/5/2021 0xMaki 5 0xMaki 8/5/2021 Jiggglypufff 8/5/2021 cmsholdings 8/5/2021 rleshner 8/5/2021 Zippoxer 8/5/2021
29 0x38d13c97d5a6c53c45ed074a4e126b1cd7335b5b94ba252aeb2461bb7cbdeadc 8/6/2021 8/5/2021 8/6/2021 Jiggglypufff 5 Zippoxer 8/5/2021 0xMaki 8/5/2021 cmsholdings 8/5/2021 rleshner 8/5/2021 Jiggglypufff 8/6/2021
30 0x5710cf6e42d07f1abaa930f1e533a404ee00eb8b74e8a8e9835626f7c6f821f0 8/6/2021 8/5/2021 8/6/2021 Jiggglypufff 5 0xMaki 8/5/2021 Zippoxer 8/5/2021 rleshner 8/5/2021 cmsholdings 8/5/2021 Jiggglypufff 8/6/2021
31 0x6024f47ed67d0f98b451e3790971adb7d875ffe716228ef7162c51578f03d9a2 8/6/2021 8/6/2021 8/6/2021 0xMaki 5 0xMaki 8/6/2021 Jiggglypufff 8/6/2021 Zippoxer 8/6/2021 cmsholdings 8/6/2021 rleshner 8/6/2021
32 0x3dcc57513f2e1b714d93fc3992056729d4ced77c6c5d2fa62499064fcba7c83d 8/6/2021 8/6/2021 8/6/2021 cmsholdings 5 Zippoxer 8/6/2021 0xMaki 8/6/2021 rleshner 8/6/2021 Jiggglypufff 8/6/2021 cmsholdings 8/6/2021
33 0xf1b7b397551fc6bfa8b346f2d98a6d5ba44aec8545fceb0a8a6d9f4319bed345 8/24/2021 8/24/2021 8/24/2021 mickhagen 5 0xMaki 8/24/2021 Jiggglypufff 8/24/2021 mattysino 8/24/2021 cmsholdings 8/24/2021 mickhagen 8/24/2021
34 0x975ecef5af3e744dad36d5dfd33c860f0c14108b02e27e8a401fdf175de09ab9 8/26/2021 8/24/2021 8/26/2021 mickhagen 5 0xMaki 8/24/2021 cmsholdings 8/25/2021 lawmaster 8/26/2021 Jiggglypufff 8/26/2021 mickhagen 8/26/2021
35 0xfddf7ad0466a2e63a6708a035929717bd90bb4b93a4cd8bf478342a86b14b1e6 9/9/2021 8/31/2021 9/9/2021 mickhagen 5 0xMaki 8/31/2021 cmsholdings 9/9/2021 Zippoxer 9/9/2021 rleshner 9/9/2021 mickhagen 9/9/2021
36 0xe1e807d3f056b0c0bd065c950a9bf4bf910236747ae4265c3bc3995a4e549782 11/19/2021 11/18/2021 11/19/2021 0xMai 5 0xMaki 11/18/2021 Jiggglypufff 11/18/2021 cmsholdings 11/18/2021 Zippoxer 11/19/2021 rleshner 11/19/2021
37 0x5742a9f64ca49ccb3f12a14df562773eb9d8812a6f42349dc07c85923938997f 11/19/2021 11/18/2021 11/19/2021 0xMai 5 0xMaki 11/18/2021 Jiggglypufff 11/18/2021 cmsholdings 11/18/2021 Zippoxer 11/19/2021 rleshner 11/19/2021
38 0x8b19282af5f8cb490377c592350c367eb072bd28a2be32d10ef69e55425e869c 12/29/2021 12/24/2021 12/29/2021 mattysino 5 0xMaki 12/24/2021 Jiggglypufff 12/24/2021 Zippoxer 12/27/2021 cmsholdings 12/28/2021 mattysino 12/29/2021
39 0x5538636ef6a54b57a16c3e6f08d31574e5539d9597ea0efe130c0712218317e1 12/29/2021 12/24/2021 12/29/2021 mattysino 5 0xMaki 12/24/2021 Jiggglypufff 12/24/2021 Zippoxer 12/27/2021 cmsholdings 12/28/2021 mattysino 12/29/2021
40 0x4db2263753461a917bacc881ff13ec510918fa9a95116b9dc5739c77c7f8a534 12/30/2021 12/29/2021 12/30/2021 Jiggglypufff 5 0xMaki 12/29/2021 cmsholdings 12/30/2021 mickhagen 12/30/2021 Zippoxer 12/30/2021 Jiggglypufff 12/30/2021
41 0x12173ca8e1a11673778f438619ec7a8038278b129a2e086784002ecf5c676419 12/31/2021 12/29/2021 12/31/2021 0xmaki 5 0xMaki 12/29/2021 cmsholdings 12/30/2021 mickhagen 12/30/2021 Zippoxer 12/30/2021 Jiggglypufff 12/30/2021
42 0xb81480d92c96d9340338ee9e4c808d9d096c7e861a40fe74935c4d1f3b20f54a 2/24/2022 2/3/2022 2/24/2022 0xMaki 5 0xMaki 2/3/2022 Jiggglypufff 2/10/2022 rleshner 2/11/2022 mickhagen 2/12/2022 Zippoxer 2/24/2022
43 0xaa497bdf213f1003f78747b6b41fa0f949f9b34d33769cd1f57581fc84b41def 4/23/2022 3/31/2022 4/23/2022 mickhagen 5 0xMaki 3/31/2022 Jiggglypufff 3/31/2022 Zippoxer 3/31/2022 cmsholdings 3/31/2022 lawmaster 4/23/2022

From the data above, it's evident that the most active signers are OxMaki,

Sources:

Snapshot
SushiBoard | SushiSwap Dashboard
Empowering $SUSHI farmers with statistics.

https://safe-transaction.gnosis.io/api/v1/safes/0xe94B5EEC1fA96CEecbD33EF5Baa8d00E4493F4f3/multisig-transactions/