In the past few weeks, the Vaulta ecosystem has entered a critical phase of its governance transition. After a period of uncertainty, speculation, and structural void, block producers (BPs) have begun to coordinate a series of multi-signature proposals (MSIGs) aimed at stabilizing network control, readjusting the power structure, and laying the groundwork for long-term development and asset management. This report summarizes the current important progress, analyzes governance impacts, and outlines the future planned steps for the Vaulta network.
MSIG1: Coordination and Unification Memo Signal by Block Producers
Transaction link:
https://unicove.com/en/vaulta/transaction/15d70489b7b47e43cabb22a4f02ed2a1dd128969f871ce9d983acd91e3fd41df
The first step is symbolic: BPs released an MSIG, publicly confirming they will coordinate and collaborate on governance matters, ending the previous phase of unilateral speculation and fragmented communication.
Although technically simple, MSIG1 conveyed the following message to the ecosystem:
BPs acknowledge the concerns raised by the community,
They commit to taking consistent action,
Governance matters will be transparently handled through on-chain multi-signature.
This memo-based signal has re-established basic trust during a phase of deteriorating public discourse.
MSIG2 – Authority consolidation: Network accounts return to BP control
Transaction link:
https://unicove.com/en/vaulta/transaction/efb12b9070065cf6f2f9440a4ac030e5155ca17e62efd0e8fb67ae73ff230443
Affected accounts:
eosio.grants
admin.grants
MSIG2 is one of the most significant governance advancements to date:
The account control related to grants has been held by a 15-of-21 BP multi-signature.
This change ensures:
No individual or private entity can control account permissions alone.
The network (represented by elected BPs) holds ultimate power.
All operations require broad consensus, rather than unilateral decision-making.
In simple terms:
“These accounts are now controlled by BPs.”
This step aligns Vaulta with the governance models of other decentralized chains, eliminating reliance on traditional institutions or individuals.
MSIG3 – Establish Vaulta Development Team (VDT) development team account
Proposal: Create an account for the independent Vaulta development team (VDT)
https://unicove.com/en/vaulta/msig/aaron/fwmpntxlmfhz
Proposed accounts:
dist.vaulta
dev.vaulta
Purpose and governance model
VDT is planned as an independent, open-source development organization responsible for maintaining and evolving the software stack of the Vaulta network.
Its structural design follows a decentralized model that emphasizes accountability:
dev.vaulta – Development funding account
A multi-signature account for the development team, ensuring that no individual can execute transactions alone.
dist.vaulta – Flexible distribution layer
Owned by the network, rather than held by developers.
Funds will only flow to the development team through the BP approval process.
Located between eosio.saving and dev.vaulta.
Allows BPs to adjust the development budget without modifying core system accounts.
Enhancing operational flexibility while protecting the protocol foundation.
This framework aligns with mature blockchain ecosystem practices, emphasizing strict separation between protocol funds, distribution logic, and development teams.
Further technical documentation:
https://github.com/greymass/msigs/tree/dev/proposals/dev.accounts
Current status: Why hasn't this MSIG passed?
Although the proposal itself has been technically completed, the creation of this development account MSIG has not yet passed.
The reason is the disagreement among BPs at the governance level.
Some BPs have stated:
2-of-2 multi-signature authority is overly concentrated and not sufficiently decentralized,
Several BPs prefer to adopt a 15-of-21 multi-signature to align with the broader governance standards of the network.
Due to these differing opinions, the MSIG cannot pass until authority thresholds are adjusted or a new consensus is reached.
Summary: Not yet passed
Account creation MSIG is ready, but has been stalled due to differing views among BPs on the appropriate multi-signature structure.
Discussion ongoing: Developer inflation allocation
Another topic currently being discussed among BPs and the community is the inflation allocation for developers.
The Treasury has allocated a full year’s development budget, thus multiple calls for:
Before the current Treasury budget is fully utilized or reassessed,
Pause or temporarily halt inflation-based developer rewards.
This topic is still under discussion and has not yet entered any MSIG.
However, it is seen as an expected governance adjustment that may appear in future proposals.
This topic directly affects:
Long-term sustainability of development funding,
Inflation control,
Transparency and accountability of the ecosystem budget.
Planned: Vaulta Network Trust (VNT)
The network is considering establishing a lightweight legal structure to hold key assets—such as domain names, IP, and code repositories—in a neutral, low-cost manner.
Expected structure (subject to change):
A single-member LLC in the US
Held by a passive trust, serving only as a neutral asset container
No board, no employees, no political governance structure
Legal representation through registered attorney agents
Operational control is entirely held by a 15-of-21 BP multi-signature.
Drawing on the low-bureaucracy model commonly used in decentralized open-source projects
Its goals include:
Reduce costs,
Avoid institutional complexity,
Ensure neutrality,
Provide a legal basis for asset transfers,
Complete the transfer of assets from the original foundation to the new neutral entity.
Once the trust structure is completed, the digital assets and IP held by the foundation are expected to transfer to the neutral entity.
These plans are still in the preliminary stage and will only take effect after future MSIG proposals are approved.
Governance analysis: What does this transition mean?
1. Power shifts from individuals → to the network
MSIG2 has achieved the transformation long sought by the community:
Key accounts now require BP consensus, rather than individual decisions.
2. Development work is institutionalized, but still remains decentralized
Introduction of the VDT model:
Clear lines of responsibility
Transparent flow of funds
Non-custodial control mechanisms
Open-source accountability
3. Trust structure avoids bureaucracy and political interference
Rather than establishing a new foundation or complex organization, the VNT model:
Minimize attack surface
Keep governance on-chain
Reduce costs
Avoid human power struggles
4. Communication has improved, but consistency is still needed.
The initial call for 'answers before the community tears apart' highlights the urgency.
MSIG actions show progress, but ongoing and consistent updates remain necessary conditions.
Recalibrating direction
The Vaulta network is gradually overcoming uncertainty and moving towards a more mature and structured governance system.
Recent MSIG shows that key stakeholders, agents, and BPs are working together to reclaim network-level power, establish a responsible development path, and prepare a neutral trust structure for long-term asset custody.
Although some elements remain undecided, the overall trend is very clear:
Vaulta is moving towards a stable, transparent, low-bureaucracy, and BP-controlled decentralized governance model.
If the current progress continues, the network may usher in a new era driven by predictability, resilience, and transparency in innovation.
Disclaimer
BlockzHub operates node validators on the Vaulta network under the name EOS Support. As a participating validator, BlockzHub may engage in discussions related to network governance. The views expressed in this article reflect general analysis and do not represent any special power or undue influence.
Author: Block Rebel