# Establishment of Lido Labs BORG Foundation as a Lido-DAO-Adjacent Foundation

**URL:** <https://research.lido.fi/t/establishment-of-lido-labs-borg-foundation-as-a-lido-dao-adjacent-foundation/9344>\
**Category:** Proposals\
**Created:** [January 16, 2025, 6:45pm UTC](https://research.lido.fi/t/establishment-of-lido-labs-borg-foundation-as-a-lido-dao-adjacent-foundation/9344 "2025-01-16T18:45:49Z")\
**Posts on this page:** 1\
**Showing post:** 18

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**Author:** ![skozin](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/skozin/32/44_2.png) [@skozin](https://research.lido.fi/u/skozin)\
**Post date:** [February 27, 2025, 5:40pm UTC](https://research.lido.fi/t/establishment-of-lido-labs-borg-foundation-as-a-lido-dao-adjacent-foundation/9344/18 "2025-02-27T17:40:04Z")

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As a director of Lido Labs BORG foundation, I’d like to announce the [Easy Track factories](https://github.com/lidofinance/easy-track/tree/feature/top-up-allowed-tokens/contracts) for the foundation’s operational expenses multisig with the following configuration:

- Security limit: $18M per quarter.
- Multisig wallet address: [`0x95B521B4F55a447DB89f6a27f951713fC2035f3F`](https://app.safe.global/settings/setup?safe=eth:0x95B521B4F55a447DB89f6a27f951713fC2035f3F).

The addresses of the deployed and verified contracts are:

- AllowedRecipientsRegistry: [`0x68267f3D310E9f0FF53a37c141c90B738E1133c2`](https://etherscan.io/address/0x68267f3D310E9f0FF53a37c141c90B738E1133c2).
- AllowedTokensRegistry: [`0x4AC40c34f8992bb1e5E856A448792158022551ca`](https://etherscan.io/address/0x4AC40c34f8992bb1e5E856A448792158022551ca).
- TopUpAllowedRecipients: [`0xE1f6BaBb445F809B97e3505Ea91749461050F780`](https://etherscan.io/address/0xE1f6BaBb445F809B97e3505Ea91749461050F780).

The factories will be proposed for integration into the Easy Track voting system as part of one of the upcoming on-chain votes for the DAO. The code was audited by [Oxorio](https://github.com/lidofinance/audits/blob/main/Oxorio%20Lido%20Easy%20Track%20Smart%20Contracts%20Security%20Audit%20Report%2010-2023.pdf) and [Statemind](https://github.com/lidofinance/audits/blob/main/Statemind%20Easy%20Track%20Payment%20Processor%20with%20limits%2009-2022.pdf).

Please note that the foundation will make a new EGG budget proposal to the DAO in March. Only in the event that the budget proposal is approved by Snapshot vote shall the foundation make an appropriate request to fund this multisig wallet on Easy Track.

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_[View the full topic](https://research.lido.fi/t/establishment-of-lido-labs-borg-foundation-as-a-lido-dao-adjacent-foundation/9344)._