Summary

This is a follow-up to Proposal 613, which was cancelled by the Proposal Guardian on 7 October 2026. Proposal 613 would have closed the EPCF. Penn Blockchain and other delegates objected that this removes the fund's rapid-response role. This version accepts that objection and adopts the approach Blockful suggested when the EPCF was created:

Put the Proposal Guardian members in charge instead of the Foundation alone.

The EPCF stays open. Only custody changes.

It keeps the purposes, size and 48-month term set by Proposal 535.

The fund

• Holdings (19 Oct 2026): 500,000 USDC + 4,560,159 USDC supplied to cUSDCv3
• Current custody: 2-of-3 Safe, two signers are Foundation nominees
• Proposed custody: Community Multisig, 5-of-9

What a FOR vote means

This is a signal proposal with no executable actions. A FOR vote directs that:

1. The current EPCF signers transfer all EPCF assets to the Community Multisig (0xbbf3f1421D886E9b2c5D716B5192aC998af2012c) within 14 days of the vote closing.
2. The Community Multisig holds and may deploy the EPCF under the terms of Proposal 535, with a 5-of-9 signature.