Liquidity Council update on use of mSig

Liquidity Council
1

We have an important update to share:

Given some technical difficulties we’ve experienced lately using Nomos mSig to deploy liquidity to the Shade x ARCH pool on Astrovault, the Liquidity Council has decided to temporarily move some liquidity from Nomos and revert to our prior LC mSig application in the interest of executing our pending transactions and keep delivering to the community at a good pace.

This is a temporary solution for executing our outstanding applications. We’ll move funds back to Nomos once this is done and some of the technical issues we raised have been resolved and retested.

Thanks - let us know if anyone has any questions.

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Liquidity Council

2

Hey, you shouldn’t move funds without discussing it with the community on a call, definitely not without explaining what the problem is (it sounds like we have a technical issue), as this puts us in a really bad light. The Nomos team is working day and night to provide the best solution to the LC team. We’ve built a simulator for your transactions and signing authorization specifically for you. The minimum respect is to send us a message and let us know about it. Afterward, we can open a group with you guys to provide full support.