Summary of the Proposal
This TEMP CHECK aims to gather community sentiment on the creation of a BIM Guardian / Security Council, responsible for securing all BIM protocol smart contracts through a multi-signature Safe architecture.
The proposal includes:
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Creation of a Security Council (BIM Guardian)
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Migration of protocol-owned contracts to a multi-sig Safe (4/8 signatures minimum)
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Geographic distribution of signers across at least two continents
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Establishment of a secure execution layer for critical operations
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Progressive decentralization of signers over time
If community feedback is positive, a formal BIP will be submitted for Snapshot vote.
Context
Security remains one of the most critical challenges in DeFi.
Over the past years, numerous exploits have occurred due to:
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Compromised private keys
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Poor multi-sig configurations
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Centralized control of critical contracts
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Weak operational security (OpSec)
Protocols that survived long-term have implemented robust multi-signature governance layers, often through dedicated security councils (e.g., Aave Guardian model).
BIM currently aims to strengthen its security architecture to match best practices in the industry.
Proposal Details
Creation of BIM Guardian (Security Council)
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Establish a Security Council responsible for safeguarding protocol-level actions
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Initially managed primarily by BIM Labs team members
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Designed to evolve toward a more decentralized structure over time
Multi-Sig Safe Architecture
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All critical protocol contracts migrated to a Safe multi-signature wallet
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Minimum configuration:
- 4 signatures required out of 8 signers (4/8)
Key Objective:
Eliminate single points of failure and significantly reduce risk of unauthorized actions.
Geographic Distribution
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Signers must be distributed across at least two continents
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Objective: mitigate risks related to:
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Local regulatory pressure
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Physical compromise
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Coordinated attacks
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Scope of Control
The Safe would control:
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Ownership of protocol smart contracts
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Upgrade permissions (if applicable)
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Treasury-sensitive operations
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Emergency actions (pause, mitigation, etc.)
Progressive Decentralization
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Initial phase: majority BIMLabs-controlled
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Future phase: onboarding of external trusted signers (security experts, ecosystem partners, etc.)
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Long-term objective: increase decentralization and trust minimization
Security Rationale
This proposal aims to:
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Align BIM with DeFi security best practices
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Protect user funds and protocol integrity
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Reduce attack surface related to key management
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Enable controlled and auditable governance execution
Risk Assessment (Initial List)
The following risks are considered and mitigated through this proposal:
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Private key compromise risk → mitigated by multi-sig -
Insider threat risk → mitigated by distributed signatures -
Geographic risk concentration → mitigated by multi-continent setup -
Smart contract control centralization → mitigated via shared control -
Emergency response inefficiency → mitigated by coordinated council -
Bridge / external integration risks → improved control over critical permissions
Risks & Considerations
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Initial centralization (BIMLabs majority control)
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Coordination complexity between signers
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Operational delays for critical actions (multi-sig approval time)
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Need for strict signer operational security (hardware wallets, procedures, etc.)
A clear operational framework will be defined before implementation.
Question to the Community
Are you in favor of creating a BIM Guardian / Security Council, implementing a 4/8 multi-signature Safe, and migrating protocol control to this structure, with an initial BIMLabs-led setup and progressive decentralization over time?
Next Steps
If positive consensus:
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Draft formal BIP
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Define signer selection and security procedures
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Deploy Safe infrastructure
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Migrate protocol ownership
Discussion
Please share your feedback, concerns, or suggestions to refine this proposal before moving to a formal DAO vote.