The Euler Foundation recently made a major move — they are performing a "major operation" on the DAO treasury.

What exactly are they doing? They plan to create a new multi-signature address dedicated to managing funds and transfer all assets from the old address to the new one. However, the protocol revenue will remain in the original address for now, as the transition period needs to facilitate data tracking. This arrangement is quite reasonable.

The roles of the old and new addresses are also clearly defined: the new multi-signature handles asset management and allocation, essentially managing the treasury; the old multi-signature transitions to protocol management, continuing to handle technical matters. The signers have also been replaced, updated to six members from Euler Labs.

This adjustment essentially separates "fund management" from "protocol management," further professionalizing multi-signature governance.